On this page of Benford's Law Stocks.com we present our study of CHICAGO ATLANTIC REAL ESTATE FINANCE INC. — ticker symbol REFI. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 3/12/2024 to 5/7/2024 for CHICAGO ATLANTIC REAL ESTATE FINANCE INC. under CIK number 0001867949. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for REFI, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for CHICAGO ATLANTIC REAL ESTATE FINANCE INC. based on the past REFI filings our system processed in the past.
32.9
13.9
15.6
9.3
7.2
5.9
4.3
6.2
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, REFI stockholder letter ]
Total numbers found: 842
Recent share count: 19,100,282 (1's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
842
High count compared to other filers, with REFI falling in the highest quartile of filers. At this number count, it would take about 8 numbers to move any given column by a full percentage point.
87

Starting from a possible score of 100, we made the following score deductions:
 • The 3's percentage was higher than the 2's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 3's percentage was above the typical coverage universe range.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the typical coverage universe range.
Benford's Law Stocks Indicator
REFI
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
SUI
AKU
MADL
HMBL
IMCR
EQRX
LICY
NATL
Check our work! We provide our CHICAGO ATLANTIC REAL ESTATE FINANCE INC. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the REFI filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 277 numbers that start with the digit 1. Here they are:
19,100,282
16,527,188
16,402,488
1,004,140
192,354
107,225
13,866,656
1,819,428
1,754,741
1,342,872
1,135,355
1,074,889
100,000,000
19,100,282
18,197,192
191,003
181,972
15,343,667
16,527,304
1,618,296
13,239,617
14,909,008
1,754,741
1,390,267
1,274,825
138,335
10,692,349
10,692,349
18,273,919
17,879,444
18,640,492
17,960,103
18,197,192
181,972
13,844,203
167
13,853,334
19,100,282
191,003
17,685,952
176,859
138,265
138,335
10,692,349
10,692,349
18,088,683
180,887
10,692,349
167,304
138,335
19,507
1,444,982
1,648,129
127,389
1,424,347
1,157,595
1,702,067
13,399,712
18,717,355
12,750,000
13,866,656
13,486,186
104,711
10,805,556
1,074,922
105,081
1,118,340
13,399,712
1,786,333
1,363,742
100
19.5
1,732,020
1,732,020
105,081
1,732,020
1,118,340
13,399,712
13,399,712
110,995
110,995
17.4
10.4
18.0
14,240,129
16,091,216
16,091,216
1.2
136,918
19.5
12,094,954
12,068,257
15,000,000
16,527,188
16,527,188
16.3
178,986
19.5
13,600,000
13,279,539
13,237,911
19.5
1.4
13,000,000
14,320
1.1
15,000,000
14,550,000
105,341
14,444,659
14.8
16.4
19,696,007
19,654,188
16.5
17,000,000
17,781,166
17,716,484
14.7
1.3
1,820,000
1,786,818
18.9
1,000,000
16.6
104,394
1.4
19.1
13,061,667
13,061,667
13,061,667
19.0
17.4
14.8
15,000,000
15,000,000
136,926
14,863,074
18.1
1.8
19.0
1,732,020
100
19.4
15.9
13.625
15.00
16,527,188
16,527,188
16,527,188
16,527,188
16,527,188
16,527,188
16,402,488
16,402,488
16,402,488
16,402,488
16.5
16.4
1.3
185,680,968
107,007,422
107,346,013
152,915,100
150,147,921
149,948,641
149,085,103
1.3
1.5
17,716,484
126,010,679
128,477,384
114,130,883
17,613,043
104,322,083
15,396,370
106,788,789
15
16
14
15
13
14
13,061,667
13,061,667
11,107,621
12,308,310
12,094,954
11,706,059
1
100
100
110,995
14,876
1,004,140
165,603
1,004,140
165,603
165,603
1,004,140
165,603
16.3
1,074,889
1,868,193
1,074,889
10,000,000
1.00
100,000
100.0
109,291
150.0
1
150,000
1.35
1.50
18.7
160.2
1,440,992
10,000
167,304
1,618,296
16,071
1,111,206
1,074,308
1,031,799
16,071
1,058,237
1,026,799
1,111,206
1,754,741
1,237,790
1,176,376
1.2
19.3
19.0
14.2
13.4
16.5
15.16
1,073,937
14.86
16.00
14.84
15.71
16.00
16.00
15.68
138,335
1.1
15.93
13.9
10,692,349
18,273,919
17,879,444
18,640,492
17,960,103
1,004,140
1,004,140
192,354
192,354
107,225
107,225
1,342,872
1,342,872
1,135,355
1,135,355
1,074,889
1,074,889
1,819,428
1,819,428
1,754,741
1,754,741
13,866,656
13,866,656
1,687,734
19.2
163,280
We found 117 numbers that start with the digit 2. Here they are:
2,051,531
2,519,871
291,858,521
277,483,092
285,960,777
271,853,391
2,104,050
2,138,005
277,483,092
271,853,391
291,858,521
285,960,777
268,995,848
264,033,023
274,925,072
2,982,631
272,123,328
2,256,228
2,955,336
296,790
237,885
210,608
22,380,807
25,316,886
28,000,000
28,500,000
2,988
28,093,875
2,032,688
22.4
287.7
284.5
23.4
2,104,695
2,104,695
2,104,695
22,485,888
22,380,807
2,256,228
2,256,228
29,820,000
29,240,287
20,105,628
20,791,605
20,745,924
23.5
22.8
20.9
26,002,665
20,663,292
20,526,374
26,697
25.1
22.0
20,000,000
2.3
23.2
22,448,992
20,731,419
20,658,749
20,000,000
27.0
2,000,000
2
21.7
26,309,588
24,834,254
24,834,254
2,466,705
2,466,706
2,466,706
2,000,000
2,010,090
2,010,090
2.75
2.00
20,666,374
20,666,374
205,120,524
2,466,705
2,466,705
2,466,705
20,658,750
2,010,090
288,503,843
20,658,750
2,466,706
284,518,994
27,902,362
26,502,449
25,599,133
25,191,575
25,262,329
24,466,609
24,834,254
22,611,938
21,782,997
21,674,160
2
2
2
2
2,032,688
2,238,348
2,519,871
2,988
2,007,050
2,104,050
2,138,005
2,992,531
2,519,871
2,519,871
2,051,531
2,051,531
2,587,536
2
24,054
We found 131 numbers that start with the digit 3. Here they are:
359,317,126
337,238,122
375,844,314
353,640,610
370,488,296
348,667,963
383,654,933
359,225,597
3,243,775
383,654,933
359,225,597
380,279
395,779
3,958
3,008,593
380,279
32,941,660
3,663,452
339,912
378.8
377.6
351.4
377,576,334
375,844,314
377,576,334
370,488,296
355,745,305
353,640,610
355,745,305
348,667,963
355,745,305
348,667,963
3,663,452
3,663,452
3,008,593
3,008,593
383,371
383,371
377,576,334
370,488,296
343,029,334
3,755,796
3,940,939
335,332,599
34,060,000
32,941,660
320,191,407
3,965,263
312,174,210
30,000,000
35,891,667
39,167,481
39,106,565
30.5
3,500,000
3,036,680
3,036,680
3.2
32,000,000
33,478,944
33,299,958
36,770
3.5
35.7
3.8
33,182
3.5
377,576,334
375,844,314
3.25
359,317,126
375,844,314
359,317,126
375,844,314
337,238,122
353,640,610
337,238,122
353,640,610
34.3
37,370,672
38,130,672
37,644,911
38,464,911
39,106,565
375,844,314
353,640,610
38,866,605
375,844,314
35,491,887
38,729,046
35,491,887
33,009,413
353,640,610
32,495,778
32,781,166
3
3
3
3
3
377,576,334
355,745,305
3,092
383,371
3,092
380,279
3,940,939
31,000
31,000
37,079
37,079
3,031,652
325,415
366,592
3,314,381
3.6
3
378,849,998
371,349,998
395,779
366,647
360,000
3.0
375,844,314
373,256,778
353,640,610
351,952,876
3,243,775
3,243,775
373,256,778
351,952,876
4's 5's 6's
We found 78 numbers that start with the digit 4. Here they are:
4,972,647
449,858
4,506,438
4,216,659
48
47
477,756
44,858,834
49,000,000
49,738
4,640,905
4,472,690
4
4
401.3
4,972,647
4,972,647
477,756
477,756
45,754,443
45,754,443
4,051,934
45,680
4.3
4,611,348
4,611,348
4.4
41,628
4,232,500
4,218,180
41,819
4.7
4,976,931
4,925,554
4.0
401,257,040
4.00
4.75
4.2
4.3
46,368,517
46,792,941
44,686,661
44,686,661
43,462,445
43,462,445
44,488,442
49,041,867
47,748,013
48,815,066
4
4,972,647
4,975,739
4,035,354
4,051,934
4,131,473
4.75
401,257,040
401,257,040
417
417
4.0
48
47
47
47
47
47
47
47
47
47
47
47
47
47
4
47
We found 61 numbers that start with the digit 5. Here they are:
5,356,018
5,143,318
5,811,673
569,375
531,293
5,811,673
531,226
531,293
5,139,684
5,790,959
5,794,917
531,293
5,715,827
5,356,018
5,356,018
579,713
5.5
5.5
5,000,000
5,253,125
5,253,125
5.5
5.2
51,377
5
5,450,000
5,450,000
5,345,606
5
5.50
5.85
51,320,161
59,092,743
5,296,308
58,829,717
54,606,866
53,984,118
56,583,089
55,994,208
5,296,308
5,296,308
57,058,369
56,466,635
54,209,643
53,907,352
5,747,094
5,764,439
5,450,000
5,450,000
5,356,018
5,356,018
587,706
5,000
5,000
5.3
5,677,200
5,525,370
531,293
5,143,318
5,143,318
5
We found 50 numbers that start with the digit 6. Here they are:
6,904,113
66,000,000
6,088,747
60
60
6,647
67
6,088,747
6,952
6,917,872
6,000,010
6,904,113
6.9
69.1
60,915
6,000,000
64,682
6.6
6,680,000
6,680,000
6,680,000
6.25
65.7
61,901,509
6,680,000
66,592,730
65,128,214
69,642,441
69,121,616
6
6
6
6,680,000
62,189
66,335
62,189
66,335
6,085
696,504
696,504
6.0
6,647
6,952
60
60
6,904,113
6,904,113
66,000,000
65,633,408
6.0
7's 8's 9's
We found 36 numbers that start with the digit 7. Here they are:
7,898,040
705,960
75,604
72,428
70
75,604
72,428
77,288
7,898,040
7.9
76.6
7.8
72,670
760,000
760,000
7
7.00
7.50
760,000
76,437,863
7,653,078
7
7
7
7
7
7
760,000
79,539
7,500,000
73,615
75.0
7,898,040
7,898,040
705,960
705,960
We found 52 numbers that start with the digit 8. Here they are:
842,269
81,250,000
87,372,206
8,730,003
8,730,003
896,443
8,964
8,730,003
8,730,003
8,535,296
8,535,296
8,730,003
85,129
839,094
81,098
8,667,701
85
80.5
88.1
8
8.9
8,710,222
8,673,452
8.00
8.25
8.50
820,000
87,340,471
85,283,300
87,770,913
85,283,300
8
820,000
895,852
838,537
838,537
81.3
8
8
81,250,000
81,250,000
81,250,000
81,250,000
8.50
80,984
896,443
8,730,003
842,269
842,269
81,250,000
80,863,975
80.8
We found 40 numbers that start with the digit 9. Here they are:
926,852
9,007,244
97,694,156
96,119
9,007,244
9,007,244
908,873
96,119
90,915
97,151
9,811,862
993,927
9,007,244
90
90
95
90
908,873
908,873
9,500,000
9,000,000
973,078
9
9
94,415
96,119
973,140
926,852
926,852
926,852
926,852
926,852
92.5
90,915
937,068
926,852
926,852
9,007,244
9,007,244
9.0
While the above REFI 10Q Filed 5/7/2024 is interesting in isolation, we have found that it is also useful to take a look at older CHICAGO ATLANTIC REAL ESTATE FINANCE INC. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 5/7/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical REFI 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

32.9
13.9
15.6
9.3
7.2
5.9
4.3
6.2
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL?   [ original filing ]
Total numbers found: 842

= Typical REFI range from 3/12/2024 to 5/7/2024
32.0
15.1
17.8
9.2
7.7
4.4
5.1
4.6
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL?   [ original filing ]
Total numbers found: 905

= Typical REFI range from 3/12/2024 to 5/7/2024
 

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