TFSA · As filed with the SEC
Terra Income Fund 6 income statement, by fiscal year
The statement as Terra Income Fund 6 presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Operations and Comprehensive Loss · USD, except per-share amounts
| USD, except per-share amounts | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Sep 30, 2022 | Year ended Dec 31, 2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Revenues | ||||
| Interest income | 7,616,405 | 10,226,670 | — | — |
| Prepayment fee income | 435,677 | — | — | 485,236 |
| Dividend and other income | 47,815 | 87,625 | — | — |
| Revenues | 8,099,897 | 10,314,295 | — | — |
| Interest income | — | — | — | 12,489,678 |
| Dividend and other income | — | — | — | 696,964 |
| Revenues | — | — | — | 13,671,878 |
| Operating expenses | ||||
| Asset management and asset servicing fees paid/payable to Terra REIT | 1,132,525 | 1,682,414 | — | 2,182,947 |
| (Reversal of incentive fees) incentive fees on capital gains | — | — | — | 291,710 |
| Operating expense reimbursement to Terra REIT | 1,083,857 | 1,606,470 | — | 1,222,217 |
| Provision for credit losses | 5,997,074 | 5,113,660 | — | — |
| Net change in unrealized depreciation on investments | — | (124,031) | — | — |
| Servicing fees (Note 2, Note 5) | — | — | — | 501,718 |
| Professional fees | 698,566 | 711,754 | — | 1,240,762 |
| Interest expense from obligations under participation agreements (Note 5) | — | — | — | 1,513,228 |
| Insurance expense | 84,288 | 125,334 | — | — |
| Transaction costs | — | — | — | 0 |
| General and administrative | 71,823 | 30,855 | — | 177,429 |
| Operating expenses | 9,068,133 | 9,270,487 | — | — |
| Total operating expenses | — | — | — | 10,509,401 |
| Net investment income before income taxes | — | — | — | 3,162,477 |
| Operating (loss) income | (968,236) | 1,043,808 | — | — |
| Loss from equity interest in unconsolidated investments | (3,874,927) | (1,004,325) | — | — |
| Interest expense on unsecured notes payable | — | (3,856,889) | — | — |
| Interest expense on term loan | — | (1,776,596) | — | — |
| Income tax expense | — | — | — | 534,784 |
| Net investment income | — | — | — | 2,627,693 |
| Interest expense on unsecured notes payable | (3,994,390) | 3,856,889 | — | 2,703,111 |
| Interest expense on term loan | (517,528) | 1,776,596 | — | 313,638 |
| Directors’ fees | — | — | — | 120,622 |
| Insurance expense | — | — | — | 242,019 |
| Interest expense from obligation under participation agreement | (3,145,887) | — | — | — |
| Unrealized loss on investments, net | 0 | (18,601) | — | 943,375 |
| Net change in unrealized depreciation (appreciation) on obligations under participation agreements | — | — | — | (67,533) |
| Realized loss on investments, net | 0 | (12,512) | — | 582,710 |
| Other income and expenses | (11,532,732) | (6,668,923) | — | — |
| Net loss | (12,500,968) | (5,625,115) | — | 4,086,245 |
| Net investment income per share (in USD per share) | — | — | — | 0.31 |
| Net decrease in net assets resulting from operations per share (in USD per share) | — | — | — | 0.49 |
| Weighted average common shares outstanding (in shares) | — | — | — | 8,389,604 |
| Other comprehensive loss | ||||
| Unrealized loss on available-for-sale debt securities | (81,909) | — | — | — |
| Other comprehensive loss: | (81,909) | — | — | — |
| Comprehensive loss | (12,582,877) | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.