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AFC Gamma, Inc. – ‘10-K’ for 12/31/23 – ‘EX-23.1’

On:  Thursday, 3/7/24, at 8:31am ET   ·   For:  12/31/23   ·   Accession #:  1822523-24-14   ·   File #:  1-39995

Previous ‘10-K’:  ‘10-K’ on 3/7/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing   ·   12 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/07/24  AFC Gamma, Inc.                   10-K       12/31/23  103:11M

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.50M 
 2: EX-10.8     Material Contract                                   HTML    147K 
 3: EX-21.1     Subsidiaries List                                   HTML     25K 
 4: EX-23.1     Consent of Expert or Counsel                        HTML     26K 
 9: EX-97       Clawback Policy re: Recovery of Erroneously         HTML     35K 
                Awarded Compensation                                             
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     31K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     32K 
 7: EX-32.1     Certification -- §906 - SOA'02                      HTML     29K 
 8: EX-32.2     Certification -- §906 - SOA'02                      HTML     29K 
15: R1          Cover                                               HTML     95K 
16: R2          Audit Information                                   HTML     32K 
17: R3          Consolidated Balance Sheets                         HTML    123K 
18: R4          Consolidated Balance Sheets (Parenthetical)         HTML     50K 
19: R5          Consolidated Statements of Operations               HTML    100K 
20: R6          Consolidated Statements of Operations               HTML     28K 
                (Parenthetical)                                                  
21: R7          Consolidated Statements of Comprehensive Income     HTML     50K 
22: R8          Consolidated Statements of Shareholders' Equity     HTML     76K 
23: R9          Consolidated Statements of Shareholders' Equity     HTML     30K 
                (Parenthetical)                                                  
24: R10         Consolidated Statements of Cash Flows               HTML    139K 
25: R11         Organization                                        HTML     33K 
26: R12         Significant Accounting Policies                     HTML     70K 
27: R13         Loans Held for Investment at Fair Value             HTML    115K 
28: R14         Loans Held for Investment at Carrying Value         HTML    136K 
29: R15         Loan Receivable Held at Carrying Value              HTML     49K 
30: R16         Current Expected Credit Losses                      HTML     82K 
31: R17         Interest Receivable                                 HTML     35K 
32: R18         Interest Reserve                                    HTML     36K 
33: R19         Debt                                                HTML     79K 
34: R20         Commitments and Contingencies                       HTML     40K 
35: R21         Shareholders' Equity                                HTML     90K 
36: R22         Earnings Per Share                                  HTML     43K 
37: R23         Income Tax                                          HTML     42K 
38: R24         Fair Value                                          HTML     89K 
39: R25         Related Party Transactions                          HTML     64K 
40: R26         Dividends and Distributions                         HTML     66K 
41: R27         Subsequent Events                                   HTML     41K 
42: R28         Pay vs Performance Disclosure                       HTML     39K 
43: R29         Insider Trading Arrangements                        HTML     33K 
44: R30         Significant Accounting Policies (Policies)          HTML    113K 
45: R31         Loans Held for Investment at Fair Value (Tables)    HTML    116K 
46: R32         Loans Held for Investment at Carrying Value         HTML    134K 
                (Tables)                                                         
47: R33         Loan Receivable Held at Carrying Value (Tables)     HTML     48K 
48: R34         Current Expected Credit Losses (Tables)             HTML     81K 
49: R35         Interest Receivable (Tables)                        HTML     35K 
50: R36         Interest Reserve (Tables)                           HTML     35K 
51: R37         Debt (Tables)                                       HTML     62K 
52: R38         Commitments and Contingencies (Tables)              HTML     35K 
53: R39         Shareholders' Equity (Tables)                       HTML     74K 
54: R40         Earnings Per Share (Tables)                         HTML     42K 
55: R41         Income Tax (Tables)                                 HTML     38K 
56: R42         Fair Value (Tables)                                 HTML     88K 
57: R43         Related Party Transactions (Tables)                 HTML     38K 
58: R44         Dividends and Distributions (Tables)                HTML     66K 
59: R45         Organization (Details)                              HTML     29K 
60: R46         LOANS HELD FOR INVESTMENT AT FAIR VALUE -           HTML     48K 
                Narrative (Details)                                              
61: R47         LOANS HELD FOR INVESTMENT AT FAIR VALUE - Loans     HTML     38K 
                Held at Fair Value (Details)                                     
62: R48         LOANS HELD FOR INVESTMENT AT FAIR VALUE - Changes   HTML     70K 
                in Loans Held at Fair Value (Details)                            
63: R49         LOANS HELD FOR INVESTMENT AT FAIR VALUE - Loans     HTML     57K 
                Held at Fair Value Portfolio (Details)                           
64: R50         LOANS HELD FOR INVESTMENT AT CARRYING VALUE -       HTML     67K 
                Narrative (Details)                                              
65: R51         LOANS HELD FOR INVESTMENT AT CARRYING VALUE -       HTML     39K 
                Loans Held at Carrying Value (Details)                           
66: R52         LOANS HELD FOR INVESTMENT AT CARRYING VALUE -       HTML     63K 
                Changes in Loans Held at Carrying Value (Details)                
67: R53         LOANS HELD FOR INVESTMENT AT CARRYING VALUE -       HTML    147K 
                Loans Held at Carrying Value Portfolio (Details)                 
68: R54         LOAN RECEIVABLE HELD AT CARRYING VALUE - Narrative  HTML     40K 
                (Details)                                                        
69: R55         LOAN RECEIVABLE HELD AT CARRYING VALUE - Changes    HTML     53K 
                in Loans Receivable (Details)                                    
70: R56         CURRENT EXPECTED CREDIT LOSSES - Narrative          HTML     42K 
                (Details)                                                        
71: R57         CURRENT EXPECTED CREDIT LOSSES - Financing          HTML     49K 
                Receivable, Allowance for Credit Loss (Details)                  
72: R58         CURRENT EXPECTED CREDIT LOSSES - Financing          HTML     55K 
                Receivable Credit Quality Indicators (Details)                   
73: R59         Interest Receivable (Details)                       HTML     34K 
74: R60         INTEREST RESERVE - Narrative (Details)              HTML     30K 
75: R61         INTEREST RESERVE - Changes in Interest Reserve      HTML     32K 
                (Details)                                                        
76: R62         DEBT - Narrative (Details)                          HTML    114K 
77: R63         DEBT - Schedule of Maturities of Long-Term Debt     HTML     54K 
                (Details)                                                        
78: R64         DEBT - Summary Of Interest Expense (Details)        HTML     48K 
79: R65         COMMITMENTS AND CONTINGENCIES - Commitments to      HTML     32K 
                Fund Investments (Details)                                       
80: R66         COMMITMENTS AND CONTINGENCIES - Narrative           HTML     38K 
                (Details)                                                        
81: R67         SHAREHOLDERS' EQUITY - Narrative (Details)          HTML    159K 
82: R68         SHAREHOLDERS' EQUITY - Share-based Payment          HTML     37K 
                Arrangement, Option, Activity (Details)                          
83: R69         SHAREHOLDERS' EQUITY - Assumption Used in The       HTML     50K 
                Option Pricing Model of Options Granted (Details)                
84: R70         SHAREHOLDERS' EQUITY - Summary of Stock Option      HTML     65K 
                Activity (Details)                                               
85: R71         SHAREHOLDERS' EQUITY - Schedule of Nonvested Share  HTML     44K 
                Activity (Details)                                               
86: R72         SHAREHOLDERS' EQUITY - Share-Based Payment          HTML     51K 
                Arrangement, Restricted Stock and Restricted Stock               
                Unity, Activity (Details)                                        
87: R73         Earnings Per Share (Details)                        HTML     78K 
88: R74         INCOME TAX - Narrative (Details)                    HTML     37K 
89: R75         INCOME TAXES - Schedule of Tax Provision (Details)  HTML     44K 
90: R76         FAIR VALUE - Fair Value, Assets measured on         HTML     39K 
                Recurring and Nonrecurring Basis (Details)                       
91: R77         FAIR VALUE - Fair Value Measurements of Changes in  HTML     45K 
                Loans using Level 3 inputs (Details)                             
92: R78         FAIR VALUE - Narrative (Details)                    HTML     33K 
93: R79         FAIR VALUE - Fair Value measurement Inputs and      HTML     59K 
                Valuation Techniques (Details)                                   
94: R80         FAIR VALUE - Book Value and Fair Value of the       HTML     41K 
                Financial Instruments (Details)                                  
95: R81         RELATED PARTY TRANSACTIONS - Narrative (Details)    HTML    192K 
96: R82         RELATED PARTY TRANSACTIONS - Schedule of Related    HTML     43K 
                Party Transactions (Details)                                     
97: R83         Dividends and Distributions (Details)               HTML     43K 
98: R84         Subsequent Events (Details)                         HTML    159K 
100: XML         IDEA XML File -- Filing Summary                      XML    180K  
103: XML         XBRL Instance -- afcg-20231231_htm                   XML   2.31M  
99: EXCEL       IDEA Workbook of Financial Report Info              XLSX    224K 
11: EX-101.CAL  XBRL Calculations -- afcg-20231231_cal               XML    202K 
12: EX-101.DEF  XBRL Definitions -- afcg-20231231_def                XML    865K 
13: EX-101.LAB  XBRL Labels -- afcg-20231231_lab                     XML   2.22M 
14: EX-101.PRE  XBRL Presentations -- afcg-20231231_pre              XML   1.44M 
10: EX-101.SCH  XBRL Schema -- afcg-20231231                         XSD    277K 
101: JSON        XBRL Instance as JSON Data -- MetaLinks              595±   871K  
102: ZIP         XBRL Zipped Folder -- 0001822523-24-000014-xbrl      Zip    759K  


‘EX-23.1’   —   Consent of Expert or Counsel


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Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Registration Statements on Form S-3 (File No. 333-264144) and Form S-8 (File Nos. 333-254480, 333-262091, and 333-270373) of AFC Gamma, Inc. of our report dated March 7, 2024, on our audits of the consolidated financial statements of AFC Gamma, Inc. and subsidiaries as of December 31, 2023 and 2022, and for the years then ended, which report is included in the Annual Report on Form 10-K of AFC Gamma, Inc. for the year ended December 31, 2023, which includes an explanatory paragraph relating to risks and uncertainties due to originating, structuring, underwriting and managing senior secured loans and other types of loans for established cannabis industry operators.

/s/ CohnReznick LLP

Baltimore, Maryland
March 7, 2024




Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/7/248-K
For Period end:12/31/23
12/31/2210-K,  5,  ARS
 List all Filings 


12 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/22/24  AFC Gamma, Inc.                   8-K:1,7,8,9 2/22/24   12:343K
10/30/23  AFC Gamma, Inc.                   8-K:5,7,9  10/26/23   12:350K                                   Empire Filings/FA
 9/12/23  AFC Gamma, Inc.                   8-K:1,5,9   9/11/23   11:233K                                   Empire Filings/FA
 3/07/23  AFC Gamma, Inc.                   10-K       12/31/22  101:11M
11/08/22  AFC Gamma, Inc.                   10-Q        9/30/22   96:9.8M
 5/02/22  AFC Gamma, Inc.                   8-K:1,2,9   4/29/22   11:1.4M                                   Empire Filings/FA
 3/10/22  AFC Gamma, Inc.                   10-K       12/31/21   97:11M                                    Broadridge Fin’l So… Inc
11/03/21  AFC Gamma, Inc.                   8-K:1,2,9  11/03/21   12:1M                                     Broadridge Fin’l So… Inc
 5/11/21  AFC Gamma, Inc.                   10-Q        3/31/21   81:5.7M                                   Broadridge Fin’l So… Inc
 3/23/21  AFC Gamma, Inc.                   8-K:1,5,8,9 3/19/21    2:235K                                   Broadridge Fin’l So… Inc
 1/22/21  AFC Gamma, Inc.                   S-11/A                10:4M                                     Broadridge Fin’l So… Inc
12/28/20  AFC Gamma, Inc.                   S-11                   8:3.8M                                   Broadridge Fin’l So… Inc
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Filing Submission 0001822523-24-000014   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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