Direct Investment (FEPI) 10-K 15 Apr 22 2021 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2021	Apr. 12, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	000-11777
Entity Registrant Name	Direct Investment Holding Group, Inc.
Entity Central Index Key	0000726516
Entity Tax Identification Number	95-6799846
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	150 S. Pine Island Rd
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Plantation
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33324
City Area Code	855
Local Phone Number	456-9782
Title of 12(b) Security	Common Stock
Trading Symbol	FEPI
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		1,057,628
Documents Incorporated by Reference [Text Block]	None
ICFR Auditor Attestation Flag	true
Auditor Firm ID	1820
Auditor Name	SWALM & ASSOCIATES, P.C.
Auditor Location	Richardson, Texas

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 51,659	$ 27,518
Notes receivable - related parties		750,523
Total current assets	51,659	778,041
Long term assets
Notes receivable - related party	700,767
Total assets	752,426	778,041
Current liabilities
Accounts payable - other	9,969	2,494
Accounts payable - related parties	12,386
Total liabilities	22,355	2,494
Shareholders' equity
Common stock, $0.01 par value; 40,000,000 shares authorized; 1,057,628 issued and outstanding	10,576	10,576
Preferred stock, $0.01 par value; 4,960,000 shares authorized; none issued or outstanding
Paid in capital	1,376,682	1,376,682
Retained earnings (deficit)	(657,187)	(611,711)
Total shareholders' equity	730,071	775,547
Total liabilities and shareholders' equity	$ 752,426	$ 778,041

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	40,000,000	40,000,000
Common Stock, shares issued	1,057,628	1,057,628
Common Stock, shares outstanding	1,057,628	1,057,628
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	4,960,000	4,960,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue
Revenue from operations
Total revenue
Operating Expenses
Administrative fees - related parties	3,123	72,000	72,000
General and administrative	21,981	19,834	16,289
Legal and professional fees	44,389	40,607	39,113
Total operating expenses	69,493	132,441	127,402
Income (loss) before interest expense and taxes	(69,493)	(132,441)	(127,402)
Other income (expense)
Interest income - related parties	24,017	150,581	155,327
Interest expense - related parties		(53,632)	(58,436)
Net income (loss) applicable to common shareholders	$ (45,476)	$ (35,492)	$ (30,511)
Earnings (loss) per share	$ (0.04)	$ (0.03)	$ (0.03)
Weighted average shares outstanding	1,057,628	1,057,628	1,057,628

STATEMENTS OF CHANGES IN SHAREH

STATEMENTS OF CHANGES IN SHAREHOLDER'S EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2018	$ 10,576	$ 1,376,682	$ (545,708)	$ 841,550
Beginning balance, shares at Dec. 31, 2018	1,057,628
Net income (loss)			(30,511)	(30,511)
Ending balance, value at Dec. 31, 2019	$ 10,576	1,376,682	(576,219)	811,039
Ending balance, shares at Dec. 31, 2019	1,057,628
Net income (loss)			(35,492)	(35,492)
Ending balance, value at Dec. 31, 2020	$ 10,576	1,376,682	(611,711)	775,547
Ending balance, shares at Dec. 31, 2020	1,057,628
Net income (loss)			(45,476)	(45,476)
Ending balance, value at Dec. 31, 2021	$ 10,576	$ 1,376,682	$ (657,187)	$ 730,071
Ending balance, shares at Dec. 31, 2021	1,057,628

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities
Net Income (Loss)	$ (45,476)	$ (35,492)	$ (30,511)
Increase (decrease) in
Notes & interest receivable - related parties			39,151
Accounts receivable - related parties		168,495	(168,495)
Accounts payable - other	7,475	1,720	774
Accounts payable - related parties	12,386	(367,115)	(450)
Notes & interest payable - related parties		24,269
Net cash provided by (used for) operating activities	(25,615)	(208,123)	(159,531)
Cash Flows from Investing Activities
Notes receivable - related parties		802,744
Notes receivable - related party	49,756
Net cash provided by (used for) investing activities	49,756	802,744
Cash Flows from Financing Activities
Notes payable - related parties		(608,629)
Net cash provided by (used for) financing activities		(608,629)
Net increase (decrease) in cash and cash equivalents	24,141	(14,008)	(159,531)
Cash and cash equivalents at the beginning of period	27,518	41,526	201,057
Cash and cash equivalents at the end of period	51,659	27,518	41,526
Supplemental disclosures of cash flow information:
Cash paid for interest expense to related parties		29,138	58,436
Additional non-cash disclosure:
Included above for 2020 are the effects of a non-cash restructuring to combine certain related party balances.

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement of Cash Flows [Abstract]
Note payable - related party	$ 584,360
Interest	24,494
Related party accounts receivable	173,225
Related party accounts payable	367,115
Notes Payable related party	$ 802,744	$ 750,523

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations From 2010 through April 2012, the Company engaged in the business of investing in real estate and purchased land held for investment or sale. Our current source of revenue consists of interest on notes receivables from related party. Any adverse conditions that could affect the financial condition of these related parties, and specifically their ability to service debt obligation owed, could have a material effect on the financial statements. Organization and Business Direct Investment Holdings Group, Inc. (formerly First Equity Properties, Inc) is a Nevada based corporation organized in December 19, 1996 and the Company is headquartered in Plantation, FL. The Company s principal line of business and source of revenue is currently investments and interest on notes receivable. DIHG is a publicly traded company; however, no trading market presently exists for the shares of common stock and its value is therefore not determinable. Cash Equivalents Accounting Estimates Income Taxes Earnings (loss) per Share

NOTES RECEIVABLE AND ACCRUED IN

NOTES RECEIVABLE AND ACCRUED INTEREST RELATED PARTIES	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
NOTES RECEIVABLE AND ACCRUED INTEREST RELATED PARTIES	NOTE B. NOTES RECEIVABLE AND ACCRUED INTEREST RELATED PARTIES 700,767 1 December 31, 2025 Schedule of Note receivable from related party 2020 2019 Notes receivable related parties Uncollateralized, due on demand, interest rate of 10 $ — $ 750,523 Uncollateralized, interest only, annual rate of 1 700,767 — Total notes - related parties $ 700,767 $ 750,523 The company received in full the note receivable and all accrued interest subsequent to December 31, 2021, on April 12, 2022.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE C. INCOME TAXES Deferred income taxes reflect the tax effects of temporary timing differences between carrying amounts of assets and liabilities reflected on the financial statements and the amounts used for income tax purposes. The tax effects of temporary differences and net operating loss carry forwards that give rise to the deferred tax assets. The Company had $ 162,343 Schedule of NOL Carryover NOL Carryover 2014, expiring 2034 $ 2,698 2017, expiring 2037 3,608 2018, no expiration 44,558 2019, no expiration 30,511 2020, no expiration 35,492 2021, no expiration 45,476 Total carryover to 2022 $ 162,343 Recognition of the benefits of deferred tax assets will require the Company to generate future taxable income. There is no assurance that the Company will generate earnings in future years. The following table presents the principal reasons for the differences between the Company’s effective tax rate and the United States statutory income tax rate. Schedule of differences between company's effective tax rate and U.S statutory income rate 2021 2020 2019 2018 Federal income tax at statutory rate per books $ (9,550 ) $ (7,453 ) $ (6,407 ) $ (9,357 ) Change in valuation allowance 9,550 7,453 6,407 9,357 Net operating loss — — — — Federal income tax per tax return $ — $ — $ — $ — Effective income tax rate 0.00 % 0.00 % 0.00 % 0.00 % The Company’s Forms 1120, U.S. Corporation Income Tax Returns

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2021
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS	NOTE D. FINANCIAL INSTRUMENTS The carrying values of cash and cash equivalents, accounts receivable related parties, notes receivable related parties and accounts payable related parties’ approximate fair value due to short-term maturities of these assets and liabilities.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE E. COMMITMENTS AND CONTINGENCIES

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2021
Shareholders' equity
COMPREHENSIVE INCOME	NOTE F. COMPREHENSIVE INCOME defi

QUARTERLY DATA (UNAUDITED)

QUARTERLY DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY DATA (UNAUDITED)	NOTE H. QUARTERLY DATA (UNAUDITED) The table below reflects the Company’s selected quarterly information for the years ended December 31, 2021 and 2020. Schedule of quarterly data Year ended December 31, 2021 First Second Third Fourth Quarter Quarter Quarter Quarter Revenue $ — $ — $ — $ — Operating expenses 43,530 6,587 4,746 14,630 Net income from continuing operations before taxes (43,530 ) (6,587 ) (4,746 ) (14,630 ) Interest income 18,506 1,727 1,892 1,892 Income tax expense — — Net income applicable to common shareholders $ (25,024 ) $ (4,860 $ (2,854 ) $ (12,738 ) Earnings per share Weighted average earnings per share applicable to common shares $ ( 0.03 $ (0.02 ) $ — $ — $ (0.01 ) Year ended December 31, 2020 First Second Third Fourth Quarter Quarter Quarter Quarter Revenue $ — $ — $ — $ — Operating expenses 52,995 26,104 24,906 28,436 Net income from continuing operations before taxes (52,995 ) (26,104 ) (24,906 ) (28,436 ) Interest income 38,725 38,725 39,151 33,980 Interest expense 14,569 14,569 14,729 9,765 Income tax expense — — — — Net income applicable to common shareholders ` $ (28,839 ) $ (1,948 ) $ (484 ) $ (4,221 ) Earnings per share Weighted average earnings per share applicable to common shares $ (0.03 ) $ — $ — $ —

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE I. RELATED PARTY TRANSACTIONS Note receivable from related party currently consists of one note of $ 700,767 1 December 31, 2025 The company received in full the note receivable and all accrued interest subsequent to December 31, 2021, on April 12, 2022.

OTHER MATTERS

OTHER MATTERS	12 Months Ended
	Dec. 31, 2021
Other Matters
OTHER MATTERS	NOTE J. OTHER MATTERS

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE K. SUBSEQUENT EVENTS The date to which events occurring after December 31, 2021, the date of the most recent balance sheet, have been evaluated for possible adjustments to the financial statements or disclosure is April 12, 2022, which is the date of which the financial statements were available to be issued. The company received in full the note receivable and all accrued interest subsequent to December 31, 2021, on April 12, 2022. There are no subsequent events that would require an adjustment to the financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations From 2010 through April 2012, the Company engaged in the business of investing in real estate and purchased land held for investment or sale. Our current source of revenue consists of interest on notes receivables from related party. Any adverse conditions that could affect the financial condition of these related parties, and specifically their ability to service debt obligation owed, could have a material effect on the financial statements.
Organization and Business	Organization and Business Direct Investment Holdings Group, Inc. (formerly First Equity Properties, Inc) is a Nevada based corporation organized in December 19, 1996 and the Company is headquartered in Plantation, FL. The Company s principal line of business and source of revenue is currently investments and interest on notes receivable. DIHG is a publicly traded company; however, no trading market presently exists for the shares of common stock and its value is therefore not determinable.
Cash Equivalents	Cash Equivalents
Accounting Estimates	Accounting Estimates
Income Taxes	Income Taxes
Earnings (loss) per Share	Earnings (loss) per Share

NOTES RECEIVABLE AND ACCRUED _2

NOTES RECEIVABLE AND ACCRUED INTEREST RELATED PARTIES (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Schedule of Note receivable from related party	Schedule of Note receivable from related party 2020 2019 Notes receivable related parties Uncollateralized, due on demand, interest rate of 10 $ — $ 750,523 Uncollateralized, interest only, annual rate of 1 700,767 — Total notes - related parties $ 700,767 $ 750,523

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of NOL Carryover	Schedule of NOL Carryover NOL Carryover 2014, expiring 2034 $ 2,698 2017, expiring 2037 3,608 2018, no expiration 44,558 2019, no expiration 30,511 2020, no expiration 35,492 2021, no expiration 45,476 Total carryover to 2022 $ 162,343
Schedule of differences between company's effective tax rate and U.S statutory income rate	Schedule of differences between company's effective tax rate and U.S statutory income rate 2021 2020 2019 2018 Federal income tax at statutory rate per books $ (9,550 ) $ (7,453 ) $ (6,407 ) $ (9,357 ) Change in valuation allowance 9,550 7,453 6,407 9,357 Net operating loss — — — — Federal income tax per tax return $ — $ — $ — $ — Effective income tax rate 0.00 % 0.00 % 0.00 % 0.00 %

QUARTERLY DATA (UNAUDITED) (Tab

QUARTERLY DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly data	Schedule of quarterly data Year ended December 31, 2021 First Second Third Fourth Quarter Quarter Quarter Quarter Revenue $ — $ — $ — $ — Operating expenses 43,530 6,587 4,746 14,630 Net income from continuing operations before taxes (43,530 ) (6,587 ) (4,746 ) (14,630 ) Interest income 18,506 1,727 1,892 1,892 Income tax expense — — Net income applicable to common shareholders $ (25,024 ) $ (4,860 $ (2,854 ) $ (12,738 ) Earnings per share Weighted average earnings per share applicable to common shares $ ( 0.03 $ (0.02 ) $ — $ — $ (0.01 )

NOTES RECEIVABLE AND ACCRUED _3

NOTES RECEIVABLE AND ACCRUED INTEREST RELATED PARTIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Receivables [Abstract]
Uncollateralized, due on demand, interest rate	10.00%
Notes Receivable, Related Parties		$ 750,523
[custom:UncollateralizedinterestOnlyAnnualRate]	1.00%
Uncollateralized notes payable – related parties due on demand, interest rate of 10%, payable quarterly	$ 700,767
Financing Receivable, before Allowance for Credit Loss, Current	$ 700,767	$ 750,523

NOTES RECEIVABLE AND ACCRUED _4

NOTES RECEIVABLE AND ACCRUED INTEREST RELATED PARTIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Receivables [Abstract]
Note receivable from related party	$ 700,767	$ 750,523
Interest rate	1.00%
Maturity Date	Dec. 31, 2025

INCOME TAXES (Details)

INCOME TAXES (Details)	Dec. 31, 2021USD ($)
NOL Carryover	$ 162,343
2014, expiring 2034 [Member]
NOL Carryover	2,698
2017, expiring 2037 [Member]
NOL Carryover	3,608
2018, no expiration [Member]
NOL Carryover	44,558
2019, no expiration [Member]
NOL Carryover	30,511
2020, no expiration [Member]
NOL Carryover	35,492
2021, no expiration [Member]
NOL Carryover	45,476
Total carryover to 2020 [Member]
NOL Carryover	$ 162,343

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Federal income tax at statutory rate per books	$ (9,550)	$ (7,453)	$ (6,407)	$ (9,357)
Change in valuation allowance	9,550	7,453	6,407	9,357
Net operating loss
Federal income tax per tax return
Effective income tax rate	0.00%	0.00%	0.00%	0.00%

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	Dec. 31, 2021USD ($)
Income Tax Disclosure [Abstract]
Operating loss carryforwards	$ 162,343

QUARTERLY DATA (Details)

QUARTERLY DATA (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Revenue
Operating expenses	14,630	4,746	6,587	43,530	28,436	24,906	26,104	52,995	$ 69,493	$ 132,441	$ 127,402
Net income from   continuing operations before taxes	(14,630)	(4,746)	(6,587)	(43,530)	(28,436)	(24,906)	(26,104)	(52,995)
Interest income	1,892	1,892	1,727	18,506	33,980	39,151	38,725	38,725
Interest expense					9,765	14,729	14,569	14,569
Income tax expense
Net income applicable to common shareholders `	$ (12,738)	$ (2,854)	$ (4,860)	$ (25,024)	$ (4,221)	$ (484)	$ (1,948)	$ (28,839)
Share Price	$ 0.03								$ 0.03
Earnings per share - Weighted average earnings per share applicable to common shares	$ (0.01)			$ (0.02)				$ (0.03)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	12 Months Ended
	Dec. 31, 2021USD ($)
Related Party Transactions [Abstract]
Receivable related party	$ 700,767
Interest	1.00%
Note maturity	Dec. 31, 2025