Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
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H.S. freshman V bad
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New words:
converted, environment, fell, half, higher, reaching, shorter, unfavorable
Removed:
aging, gain
Financial report summary
?Management Discussion
- The Company had net income of $62 thousand and $50 thousand for the respective three months ended June 30, 2020 and 2019. The results for the second quarter of 2020 reflect decreases in total operating revenues and expenses, and an increase in other income when compared to the prior year period.
- Total operating revenues for the three months ended June 30, 2020 and 2019 were $14 thousand and $86 thousand, respectively. The $72 thousand, or 84%, decline in operating revenues was largely due to a $67 thousand decrease in notes receivable interest income, which was attributable to loan maturities and early termination of certain notes receivable. The Fund is in its liquidating stage where notes receivable are increasingly reaching maturity and new loans are not placed to generate future income.
- Total operating expenses were $85 thousand and $107 thousand for the three months ended June 30, 2020 and 2019, respectively. The reduction of $22 thousand, or 21%, was mainly due to decrease in cost reimbursements and provision for credit losses partially offset by an increase in professional fees.