Direct Investment (FEPI) 10-Q 16 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 12, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-11777
Entity Registrant Name	Direct Investment Holdings 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 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 Common Stock, Shares Outstanding		1,057,628

BALANCE SHEET (Unaudited)

BALANCE SHEET (Unaudited) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Assets
Note receivable and accrued interest - related party	$ 652,495	$ 700,767
Cash and cash equivalents	90,368	51,659
Total assets	742,863	752,426
Liabilities and Shareholders' Equity
Accounts payable - other	30,000	9,969
Accounts payable - related party	12,386	12,386
Total liabilities	42,386	22,355
Shareholders' equity
Common Stock, Value, Issued	10,576	10,576
Preferred Stock, Value, Issued
Paid in capital	1,376,682	1,376,682
Retained earnings (deficit)	(686,781)	(657,187)
Total shareholders' equity	700,477	730,071
Total liabilities and shareholders' equity	$ 742,863	$ 752,426

BALANCE SHEET (Unaudited) (Pare

BALANCE SHEET (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	40,000,000	40,000,000
Preferred Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, shares authorized	4,960,000	4,960,000

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating Expenses
Administrative fees - related parties	$ 0	$ 3,015
General and administrative	1,322	7,876
Legal and professional fees	30,000	32,639
Total operations expenses	31,322	43,530
Loss from operation before interest expense and taxes	(31,322)	(43,530)
Other income (expense)
Interest income - related parties	1,728	18,506
Net loss applicable to common shareholders	$ (29,594)	$ (25,024)
Loss per share	$ (0.03)	$ (0.02)
Weighted average shares outstanding	1,057,628	1,057,628

STATEMENT OF CHANGES IN SHAREHO

STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 10,576	$ 1,376,682	$ (611,711)	$ 775,547
Beginning balance, shares at Dec. 31, 2020	1,057,628
Net loss			(25,024)	(25,024)
Ending balance, value at Mar. 31, 2021	$ 10,576	1,376,682	(636,735)	750,523
Ending balance, shares at Mar. 31, 2021	1,057,628
Beginning balance, value at Dec. 31, 2021	$ 10,576	1,376,682	(657,187)	730,071
Beginning balance, shares at Dec. 31, 2021	1,057,628
Net loss			(29,594)	(29,594)
Ending balance, value at Mar. 31, 2022	$ 10,576	$ 1,376,682	$ (686,781)	$ 700,477
Ending balance, shares at Mar. 31, 2022	1,057,628

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash Flows from Operating Activities
Net Loss	$ (29,594)	$ (25,024)
Adjustments to reconcile net loss applicable to common shareholders to net cash provided by (used in) operating activities:
Increase (decrease) in Accounts payable - other	20,031	(2,494)
Net cash provided by (used for) operating activities	(9,563)	(27,518)
Cash Flows from Investing Activities
(Increase) decrease in notes receivable - related parties	48,272
Net cash provided by (used for) investing activities	48,272
Net increase (decrease) in cash and cash equivalents	38,709	(27,518)
Cash and cash equivalents at the beginning of period	51,659	27,518
Cash and cash equivalents at the end of period	90,368
Supplemental disclosures of cash flow information:
Cash paid for interest expense to related parties

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	NOTE 1. ORGANIZATION AND BASIS OF PRESENTATION Organization and business Direct Investment Holdings Group, Inc.was incorporated in Nevada on 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. Direct Investment Holdings Group, Inc. is a publicly traded company; however, no trading market presently exists for the shares of common stock and its value is therefore not determinable. Basis of presentation The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States, or GAAP, have been condensed or omitted in accordance with such rules and regulations, although management believes the disclosures are adequate to prevent the information presented from being misleading. In the opinion of management, all adjustments (consisting of normal recurring matters) considered necessary for a fair presentation have been included. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2021. Operating results for the three months period ended March 31, 2022 are not necessarily indicative of the results that may be expected for any subsequent quarter or for the fiscal year ending December 31, 2022.

CHANGE OF CONTROL

CHANGE OF CONTROL	3 Months Ended
	Mar. 31, 2022
Change Of Control
CHANGE OF CONTROL	NOTE 2. CHANGE OF CONTROL A Stock Purchase Agreement (the “Agreement”) was made, entered into, and closed as of April 7, 2021, by and among A Way Financial, Inc., a Delaware Business Corporation (the “Purchaser”) and TPS Income, Inc., and Nevada Sea Investments, Inc. (the “Sellers”). Sellers were, prior to the transaction closing the beneficial owner of the following shares of the Company: (i)TPS Income, Inc.(“TPS”) owned 37.48 37.82 1,057,628

NOTE RECEIVABLE AND ACCRUED INT

NOTE RECEIVABLE AND ACCRUED INTEREST – RELATED PARTY	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
NOTE RECEIVABLE AND ACCRUED INTEREST – RELATED PARTY	NOTE 3. NOTE RECEIVABLE AND ACCRUED INTEREST – RELATED PARTY In connection with change of control, note receivable - Carmel Realty, Inc., a related party, was purchased by A Way Financial Inc, a Delaware business, a related party and guaranteed by Direct Mortgage Investors Inc., a related party. The company received in full the note receivable and all accrued interest subsequent to March 31, 2022, on April 12, 2022. Schedule of note receivable and accrued interest - related party 31-Mar-22 31-Mar-21 Note receivable – Directed Mortgage Investors, Inc. - related party Unsecured, due on demand, annual interest rate of 1 $ 652,495 $ — Note receivable - Carmel Realty, Inc – related party Unsecured, due on demand, annual interest rate of 10 — 750,523 Total note and account receivable – related party $ 652,495 $ 750,523

RELATED PARTIES TRANSACTIONS

RELATED PARTIES TRANSACTIONS	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTIES TRANSACTIONS	NOTE 4. RELATED PARTIES TRANSACTIONS Transactions involving related parties cannot be presumed to be carried out on an arm’s length basis due to the absence of free market forces that naturally exist in business dealings between two or more unrelated entities. Related party transactions may not always be favorable to our business and may include terms, conditions and agreements that are not necessarily beneficial to or in best interest of our company.

FEDERAL INCOME TAXES

FEDERAL INCOME TAXES	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
FEDERAL INCOME TAXES	NOTE 5. FEDERAL INCOME TAXES The Company accounts for income taxes in accordance with Accounting Standards Codification, (“ASC”) No. 740, “Accounting for Income Taxes”. ASC 740 requires an asset and liability approach to financial accounting for income taxes. In the event differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities result in deferred tax assets, ASC 740 requires an evaluation of the probability of being able to realize the future benefits indicated. 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.

OTHER MATTERS

OTHER MATTERS	3 Months Ended
	Mar. 31, 2022
Other Matters
OTHER MATTERS	NOTE 6. OTHER MATTERS We are closely monitoring the impact of the COVID-19 pandemic on all aspects of our business and across our portfolio. While we did not experience significant disruptions during 2021 from the COVID-19 pandemic, we are unable to predict the impact the COVID-19 pandemic will have on its financial condition, results of operations and cash flows due to numerous uncertainties. First Equity Properties, Inc., a Nevada Business Corporation, had a name change to Direct Investment Holdings, Inc. filed effective 11/02/2021 with the Secretary of State, State of Nevada.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 7. SUBSEQUENT EVENTS The Company has evaluated subsequent events through May 12, 2022

ORGANIZATION AND BASIS OF PRE_2

ORGANIZATION AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and business	Organization and business Direct Investment Holdings Group, Inc.was incorporated in Nevada on 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. Direct Investment Holdings Group, Inc. is a publicly traded company; however, no trading market presently exists for the shares of common stock and its value is therefore not determinable.
Basis of presentation	Basis of presentation The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States, or GAAP, have been condensed or omitted in accordance with such rules and regulations, although management believes the disclosures are adequate to prevent the information presented from being misleading. In the opinion of management, all adjustments (consisting of normal recurring matters) considered necessary for a fair presentation have been included. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2021. Operating results for the three months period ended March 31, 2022 are not necessarily indicative of the results that may be expected for any subsequent quarter or for the fiscal year ending December 31, 2022.

NOTE RECEIVABLE AND ACCRUED I_2

NOTE RECEIVABLE AND ACCRUED INTEREST – RELATED PARTY (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Schedule of note receivable and accrued interest - related party	Schedule of note receivable and accrued interest - related party 31-Mar-22 31-Mar-21 Note receivable – Directed Mortgage Investors, Inc. - related party Unsecured, due on demand, annual interest rate of 1 $ 652,495 $ — Note receivable - Carmel Realty, Inc – related party Unsecured, due on demand, annual interest rate of 10 — 750,523 Total note and account receivable – related party $ 652,495 $ 750,523

CHANGE OF CONTROL (Details Narr

CHANGE OF CONTROL (Details Narrative) - Stock Purchase Agreement [Member]	Apr. 07, 2021shares
TPS Income, Inc.("TPS") [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of ownership prior to change of control	37.48%
Nevada Sea Investments, Inc.("Nevada Sea") [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of ownership prior to change of control	37.82%
Common Stock, issued	1,057,628
Common Stock, outstanding	1,057,628

NOTE RECEIVABLE AND ACCRUED I_3

NOTE RECEIVABLE AND ACCRUED INTEREST - RELATED PARTY (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Total note and account receivable - related party	$ 652,495	$ 750,523
Directed Mortgage Investors [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest rate	1.00%
Total note and account receivable - related party	$ 652,495
Carmel Realty [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest rate	10.00%
Total note and account receivable - related party		$ 750,523