v3.22.2.2

Statment of Operations 6 Months Ended - USD ($)	3 Months Ended				6 Months Ended
Statment of Operations 6 Months Ended - USD ($)	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Interest and Loan Fee Income	$ 515,479		$ 387,569		$ 1,081,144	$ 986,100
Interest Expense	992,399		407,247		1,353,093	821,512
Net Interest Income	(476,920)		(19,678)		(271,949)	164,588
Provision for losses on mortgage loans receivable	1,430,163		13,943		1,486,434	21,042
Net Interest Income after Provision for Losses on Mortgage Loans	(1,907,083)		(33,621)		(1,758,383)	143,546
Operating Expenses
Other than temporary impairment on bond portfolio	1,567,244		171,263		1,755,504	223,545
Impairment on real estate held for sale	35,086				35,086
Other operating expenses	223,515		146,513		335,106	375,987
Net (Loss)	$ (3,732,928)	$ (151,151)	$ (351,397)	$ (104,589)	$ (3,884,079)	$ (455,986)
Basic and Diluted Loss Per Share	$ (2.23)		$ (0.21)		$ (2.32)	$ (0.27)
Dividends Declared Per Share						$ 0.01
Weighted Average Number of Shares Outstanding, Diluted	1,676,598		1,676,598		1,676,598	1,677,198

Amount of loans and leases that have been written off from both loan receivables and allowance reserve for credit loss.

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AMERICAN CHURCH MORTGAGE CO 10-Q