Medalist Diversified REIT, Inc. (MDRR) Financial Statements (2024 and earlier)

Company Profile

Business Address
,
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,9224,3702,863614
Cash and cash equivalents3,9224,3702,863614
Total current assets:3,9224,3702,863614
Noncurrent Assets
Intangible assets, net (including goodwill)3,7494,2003,2564,458
Intangible assets, net (excluding goodwill)3,7494,2003,2564,458
Total noncurrent assets:3,7494,2003,2564,458
Other undisclosed assets80,24583,97673,15278,167
TOTAL ASSETS:87,91592,54779,27283,239
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities214219339 
Interest and dividends payable219339 
Accrued liabilities214   
Debt  3251,990
Due to related parties   852
Total current liabilities:2142196642,842
Noncurrent Liabilities
Other undisclosed liabilities69,00969,32966,89859,544
Total liabilities:69,22369,54967,56262,386
Equity
Equity, attributable to parent, including:17,25121,47410,86218,199
Common stock1781614845
Additional paid in capital51,36449,64533,10531,702
Accumulated deficit(30,939)(24,981)(19,299)(10,556)
Other undisclosed equity, attributable to parent(3,351)(3,351)(2,992)(2,992)
Equity, attributable to noncontrolling interest843878883831
Other undisclosed equity598647(35)1,824
Total equity:18,69222,99811,71020,853
TOTAL LIABILITIES AND EQUITY:87,91592,54779,27283,239

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues11,09111,4739,2768,269
Cost of revenue
(Cost of Goods and Services Sold)
   (605)(486)
Gross profit:11,09111,4738,6717,783
Operating expenses(11,695)(10,783)(15,018)(9,517)
Other undisclosed operating income (loss)(810)125605486
Operating income (loss):(1,414)815(5,742)(1,248)
Interest and debt expense(3,555)(5,534)(3,961)(2,473)
Loss from continuing operations before equity method investments, income taxes:(4,969)(4,720)(9,703)(3,721)
Other undisclosed loss from continuing operations before income taxes    (84)
Loss from continuing operations:(4,969)(4,720)(9,703)(3,804)
Loss before gain (loss) on sale of properties:(4,720)(9,703)(3,804)
Other undisclosed net income237361121 
Net loss:(4,732)(4,358)(9,582)(3,804)
Net income (loss) attributable to noncontrolling interest20(4)24654
Other undisclosed net income (loss) attributable to parent(57)(2)1,155734
Net loss available to common stockholders, diluted:(4,769)(4,364)(8,181)(3,016)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net loss:(4,732)(4,358)(9,582)(3,804)
Comprehensive loss, net of tax, attributable to parent:(4,732)(4,358)(9,582)(3,804)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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