Direct Investment (FEPI) 10-K 21 Apr 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Apr. 10, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
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
Trading Symbol	FEPI
Title of 12(g) Security	Common Stock
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
Auditor Firm ID	1820
Auditor Name	Swalm & Associates, P.C.
Auditor Location	Richardson, Texas

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 337,696	$ 51,659
Mortgage receivable - current portion	5,028	0
Total Current Assets	342,724	51,659
Long term assets
Mortgage receivable	283,040	0
Notes receivable and accrued interest - related parties	0	700,767
Total assets	625,764	752,426
Liabilities and Shareholders' Equity
Accounts payable - other	0	9,969
Accounts payable - related parties	0	12,386
Total liabilities	0	22,355
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)	(761,494)	(657,187)
Total shareholders' equity	625,764	730,071
Total liabilities and shareholders' equity	$ 625,764	$ 752,426

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
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, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue:
Revenue from operations	$ 0	$ 0	$ 0
Total Revenue	0	0	0
Operating Expenses
Administrative fees – related parties	0	3,123	72,000
Administrative fees	17,560	0	0
General and administrative	17,690	21,981	19,834
Donations	29,500	0	0
Insurance Expenses	2,205	0	0
Legal and professional fees	41,369	44,389	40,607
Total operating expenses	108,324	69,493	132,441
Income (loss) before interest expense and taxes	(108,324)	(69,493)	(132,441)
Other income (expense)
Interest income - related parties	1,868	24,017	150,581
Interest income	2,149	0	0
Interest expense - related parties	0	0	(53,632)
Net income (loss) applicable to common shareholders	$ (104,307)	$ (45,476)	$ (35,492)
Earnings (loss) per share	$ (0.10)	$ (0.04)	$ (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, 2019	$ 10,576	$ 1,376,682	$ (576,219)	$ 811,039
Beginning balance, shares at Dec. 31, 2019	1,057,628
Net income (loss)	$ 0	0	(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)	$ 0	0	(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
Net income (loss)	$ 0	0	(104,307)	(104,307)
Ending balance, value at Dec. 31, 2022	$ 10,576	$ 1,376,682	$ (761,494)	$ 625,764
Ending balance, shares at Dec. 31, 2022	1,057,628

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities
Net Income (Loss)	$ (104,307)	$ (45,476)	$ (35,492)
Increase (decrease) in
Accounts receivable - related parties	0	0	168,495
Accounts payable - other	(9,969)	0	1,720
Accounts payable - related parties	(12,386)	7,475	(367,115)
Notes & Interest payable - related parties	0	12,386	24,269
Net cash provided by (used for) operating activities	(126,662)	(25,615)	(208,123)
Cash Flows from Investing Activities
Notes receivable - related parties	700,767	49,756	802,744
Mortgage receivable purchase	(290,903)	0	0
Mortgage receivable receipts	2,835	0	0
Net cash provided by (used for) investing activities	412,699	49,756	802,744
Cash Flows from Financing Activities
Notes payable - related parties	0	0	(608,629)
Net cash provided by (used for) financing activities	0	0	(608,629)
Net increase (decrease) in cash and cash equivalents	286,037	24,141	(14,008)
Cash and cash equivalents at the beginning of period	51,659	27,518	41,526
Cash and cash equivalents at the end of period	337,696	51,659	27,518
Supplemental disclosures of cash flow information:
Cash paid for interest expense to related parties	$ 0	$ 0	$ 29,138

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
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 a mortgage note receivable from one entity. Any adverse conditions that could effect the financial condition of this entity and specifically their ability to service debt obligation owed, could have a material effect on the financial statements. Organization and Business 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, 2022
Receivables [Abstract]
NOTES RECEIVABLE AND ACCRUED INTEREST RELATED PARTIES	NOTE B. NOTES RECEIVABLE AND ACCRUED INTEREST RELATED PARTIES Schedule of Note receivable from related party 2022 2020 Notes receivable related parties Uncollateralized, due on demand, interest rate of 10% $ 0 $ 700,767 Total notes and accounts receivable related parties $ 0 $ 700,767

MORTGAGE RECEIVABLE

MORTGAGE RECEIVABLE	12 Months Ended
	Dec. 31, 2022
Mortgage Receivable
MORTGAGE RECEIVABLE	NOTE C. MORTGAGE RECEIVABLE Schedule Of Mortgage Receivable 2022 2020 Mortgage Note Receivable Collateralized by real property, due in monthly installments of 1,431 May, 2052 $ 288,068 $ 0 Less Current Portion of (5,028 ) 0 Long-term portion $ 283,040 $ 0

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE D. 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. At December 31, 2022, the Company had net operating loss carry forwards of approximately $ 266,650 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 2022 2021 2020 Federal income tax benefit at statutory rate per books $ (21,904 ) $ (9,550 ) $ (7,453 ) Change in valuation allowance 21,904 9,550 7,453 Net operating loss — — — Federal income tax per tax return $ — $ — $ — Effective income tax rate 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, 2022
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS	NOTE E. 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, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE F. COMMITMENTS AND CONTINGENCIES

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2022
Shareholders' equity
COMPREHENSIVE INCOME	NOTE G. COMPREHENSIVE INCOME

QUARTERLY DATA (UNAUDITED)

QUARTERLY DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021. Schedule of quarterly data Year ended December 31, 2022 First Second Third Fourth Quarter Quarter Quarter Quarter Revenue $ 0 $ 0 $ 0 $ 0 Operating expenses 31,322 23,736 43,621 9,646 Net income from continuing operations before taxes (31,322 ) (23,736 ) (43,621 ) (9,646 ) Interest income - related parties 1,728 140 0 0 Interest income 0 0 2,059 90 Interest expense 0 0 0 0 Income tax expense 0 0 0 0 Net income applicable to common shareholders $ (29,594 ) $ (23,595 ) $ (43,621 ) $ (9,556 ) Earnings per share Weighted average earnings per share applicable to common shares $ (0.03) (0.03 ) (0.02 ) (0.04 ) (0.01 ) 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 )

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE I. RELATED PARTY TRANSACTIONS The Company has historically engaged in and may continue to engage in certain business transactions with related parties, including but not limited to asset acquisition, dispositions, interest income, interest expense and general and administrative expenses. 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. At December 31, 2021 the Company had $ 700,767 12,386 In, 2022 the Company purchased a third-party mortgage receivable from a related party at its face value of $ 290,903

OTHER MATTERS

OTHER MATTERS	12 Months Ended
	Dec. 31, 2022
Other Matters
OTHER MATTERS	NOTE J. 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 2022 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.

CONCENTRATIONS

CONCENTRATIONS	12 Months Ended
	Dec. 31, 2022
Risks and Uncertainties [Abstract]
CONCENTRATIONS	NOTE K. CONCENTRATIONS The Company maintains its cash balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (FDIC), which insure depositors up to $ 250,000 A substantial asset concentration related to a mortgage note receivable from one entity, a non-related party at December 31, 2022. Any adverse conditions that could affect the financial condition of this entity and specifically their ability to service debt obligation owed, could have a material effect on the financial statements of the Company. The entity is currently not in default of their obligations. Management of the Company considers the collectability of such obligation to not be a question at this time.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE M. SUBSEQUENT EVENTS The date to which events occurring after December 31, 2022, the date of the most recent balance sheet, have been evaluated for possible adjustments to the financial statements or disclosure is April 15, 2023, which is the date of which the financial statements were available to be issued. 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, 2022
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 a mortgage note receivable from one entity. Any adverse conditions that could effect the financial condition of this entity and specifically their ability to service debt obligation owed, could have a material effect on the financial statements.
Organization and Business	Organization and Business
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, 2022
Receivables [Abstract]
Schedule of Note receivable from related party	Schedule of Note receivable from related party 2022 2020 Notes receivable related parties Uncollateralized, due on demand, interest rate of 10% $ 0 $ 700,767 Total notes and accounts receivable related parties $ 0 $ 700,767

MORTGAGE RECEIVABLE (Tables)

MORTGAGE RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2022
Mortgage Receivable
Schedule Of Mortgage Receivable	Schedule Of Mortgage Receivable 2022 2020 Mortgage Note Receivable Collateralized by real property, due in monthly installments of 1,431 May, 2052 $ 288,068 $ 0 Less Current Portion of (5,028 ) 0 Long-term portion $ 283,040 $ 0

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
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 2022 2021 2020 Federal income tax benefit at statutory rate per books $ (21,904 ) $ (9,550 ) $ (7,453 ) Change in valuation allowance 21,904 9,550 7,453 Net operating loss — — — Federal income tax per tax return $ — $ — $ — Effective income tax rate 0.00 % 0.00 % 0.00 %

QUARTERLY DATA (UNAUDITED) (Tab

QUARTERLY DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly data	Schedule of quarterly data Year ended December 31, 2022 First Second Third Fourth Quarter Quarter Quarter Quarter Revenue $ 0 $ 0 $ 0 $ 0 Operating expenses 31,322 23,736 43,621 9,646 Net income from continuing operations before taxes (31,322 ) (23,736 ) (43,621 ) (9,646 ) Interest income - related parties 1,728 140 0 0 Interest income 0 0 2,059 90 Interest expense 0 0 0 0 Income tax expense 0 0 0 0 Net income applicable to common shareholders $ (29,594 ) $ (23,595 ) $ (43,621 ) $ (9,556 ) Earnings per share Weighted average earnings per share applicable to common shares $ (0.03) (0.03 ) (0.02 ) (0.04 ) (0.01 ) 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, 2022	Dec. 31, 2021
Receivables [Abstract]
Uncollateralized, due on demand, interest rate of 10%, due quarterly	$ 0	$ 700,767
Uncollateralized, due on demand, interest rate	10%
Total notes and accounts receivable related parties	$ 0	$ 700,767

MORTGAGE RECEIVABLE (Details)

MORTGAGE RECEIVABLE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Mortgage Receivable
Collateralized by real property, due in monthly installments of            principal and interest of $1,431, matures May, 2052	$ 288,068	$ 0
Principal and interest	$ 1,431
Maturity Date	May, 2052
Less Current Portion of	$ (5,028)	0
Long-term portion	$ 283,040	$ 0

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Federal income tax benefit at statutory rate per books	$ (21,904)	$ (9,550)	$ (7,453)
Change in valuation allowance	21,904	9,550	7,453
Net operating loss
Federal income tax per tax return
Effective income tax rate	0%	0%	0%

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	Dec. 31, 2022 USD ($)
Income Tax Disclosure [Abstract]
Operating loss carryforwards	$ 266,650

QUARTERLY DATA (Details)

QUARTERLY DATA (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Revenue	$ 0	$ 0	$ 0	$ 0					$ 0	$ 0	$ 0
Operating expenses	9,646	43,621	23,736	31,322	14,630	4,746	6,587	43,530
Net income from continuing operations before taxes	(9,646)	(43,621)	(23,736)	(31,322)	(14,630)	(4,746)	(6,587)	(43,530)	(108,324)	(69,493)	(132,441)
Interest income - related parties	0	0	140	1,728					$ 1,868	$ 24,017	$ 150,581
Interest income	90	2,059	0	0	1,892	1,892	1,727	18,506
Interest expense	0	0	0	0
Income tax expense	0	0	0	0
Net income applicable to common shareholders	$ (9,556)	$ (43,621)	$ (23,595)	$ (29,594)	$ (12,738)	$ (2,854)	$ (4,860)	$ (25,024)
Earnings per share
Weighted average earnings per share applicable to   common shares $ (0.03)	$ (0.01)	$ (0.04)	$ (0.02)	$ (0.03)	$ (0.01)			$ (0.02)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
Receivable related party		$ 700,767
Payable related party		$ 12,386
Mmortgage receivable from a related party	$ 290,903

CONCENTRATIONS (Details Narrati

CONCENTRATIONS (Details Narrative)	Dec. 31, 2022 USD ($)
Risks and Uncertainties [Abstract]
Cash, FDIC insured amount	$ 250,000