Vestin Realty Mortgage II : VRTB Annual Report 12/31/2021

Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines

Vestin Realty Mortgage II, Inc.

8945 W Post Road, Suite 110

Las Vegas, NV 89148 _______________________________ [e-mail]6798

Quarterly Report

For the Period Ending: December 31, 2021

(the "Reporting Period")

As of December 31, 2021, the number of shares outstanding of our Common Stock was: 1,250

As of September 30, 2021, the number of shares outstanding of our Common Stock was: 1,250

As of December 31, 2020, the number of shares outstanding of our Common Stock was: 1,256

Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):

Yes: ☐

No: ☒

Indicate by check mark whether the company's shell status has changed since the previous reporting period:Yes: ☐

No: ☒

Indicate by check mark whether a Change in Control of the company has occurred over this reporting period:Yes: ☐

No: ☒

Name and address(es) of the issuer and its predecessors (if any)

In answering this item, provide the current name of the issuer any names used by predecessor entities, along with the dates of the name changes.

Vestin Realty Mortgage II, Inc.

The state of incorporation or registration of the issuer and of each of its predecessors (if any) during the past five years; Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):

MD - active

Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors since inception:

None

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

None

The address(es) of the issuer's principal executive office:

8945 W. Post Road Suite 110, Las Vegas, NV 89148

The address(es) of the issuer's principal place of business:

Check box if principal executive office and principal place of business are the same address: ☒

Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years?

Yes: ☐ No: ☒

If this issuer or any of its predecessors have been the subject of such proceedings, please provide additional details in the space below:

2)Security Information

Trading symbol: VRTB

Exact title and class of securities outstanding: Common CUSIP: 9259X409

Par or stated value: 0.0001

Total shares authorized: Total shares outstanding:

Number of shares in the Public Float: Total number of shareholders of record:

Transfer Agent

Name: Broadridge Phone: [phone]

Email:[e-mail]

100,000,000 as of date: December 31, 2021

1,250 as of date: December 31, 2021

410 as of date: December 31, 2021 34 as of date: December 31, 2021

Address: 51 Mercedes Way, Edgewood NY 11717

Is the Transfer Agent registered under the Exchange Act? Yes: ☒

No: ☐

Issuance HistoryA. Changes to the Number of Outstanding Shares

Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods: ☐

Shares Outstanding as of Second Most Recent Fiscal Year End: Opening BalanceDate 12/31/2019 Common: 1,482 Preferred:	*Right-click the rows below and select "Insert" to add rows as needed.
Date of Transaction	Transaction type (e.g. new issuance, cancellation, shares returned to treasury)	Number of Shares Issued (or cancelled)	Class of Securities	Value of shares issued ($/per share) at Issuance	Were the shares issued at a discount to market price at the time of issuance? (Yes/No)	Individual/ Entity Shares were issued to (entities must have individual with voting / investment control disclosed).	Reason for share issuance (e.g. for cash or debt conversion) - OR- Nature of Services Provided	Restricted or Unrestricted as of this filing.	Exemption or Registration Type.
7/15/2020	Cancelled	(134)	Common	No
10/13/2020	Cancelled	(92)	Common	No
1/22/2021	Cancelled	(6)	Common	No
Shares Outstanding on Date of This Report:1,250 Ending Balance Ending Balance:Date 12/31/2021 Common: Preferred:

B. Debt Securities, Including Promissory and Convertible Notes

Check this box if there are no outstanding promissory, convertible notes or debt arrangements: ☒

Date of Note Issuance	Outstanding Balance ($)	Principal Amount at Issuance ($)	Interest Accrued ($)	Maturity Date	Conversion Terms (e.g. pricing mechanism for determining conversion of instrument to shares)	Name of Noteholder (entities must have individual with voting / investment control disclosed).	Reason for Issuance (e.g. Loan, Services, etc.)

4)

Financial Statements

A. The following financial statements were prepared in accordance with:

☒ U.S. GAAP

☐ IFRS

B.

The financial statements for this reporting period were prepared by (name of individual):

Name: Michael V. Shustek

Title: CEO and President

Relationship to Issuer: Officer

VESTIN REALTY MORTGAGE II, INC. CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

ASSETS

Assets

Cash and cash equivalents Accounts receivable Prepaid expenses Internalization receivable Investment in marketable securities Investment in The Parking REIT, Inc.

Investment in real estate loans, net of allowance for loan losses of $1,449,000 at

December 31, 2021 and $2,450,000 at December 31, 2020

Investment in real estate, net of accumulated depreciation of $22,000 at December 31, 2021

Due from related party

December 31, 2021

December 31, 2020

$

4,424,000 $ 306,000

-- 182,000

60,000135,000

--1,245,000--6,618,000

4,700,000 --12,855,000

-- 11,512,000

--4,167,000

Receivable from Mr. Shustek-Interest

754,000 --

-- 33,859,000

Receivable from Mr. Shustek-Principal

2,793,000

Total assetsLiabilities

Accounts payable and accrued liabilities Note payable

LIABILITIES AND EQUITY

$

15,894,000 $

Due to related parties	-- 4,025,000
Total liabilities	65,000 10,635,000

Equity

$

47,000 $ 18,000

641,000 5,969,000 4,025,000 ,000

Vestin Realty Mortgage II, Inc. stockholders' equity:

Treasury stock, at cost, no shares at December 31, 2021 and December 31, 2020 Common stock, $0.0001 par value; 100,000,000 shares authorized; 1,250 and 1,256 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively

Additional paid-in capital Accumulated deficit

Accumulated other comprehensive income(loss)

--

--

--269,604,000 (253,810,000)

263,690,000

(250,334,000)

35,000

--

Total Vestin Realty Mortgage II, Inc. stockholders' equity

15,829,000 13,356,000

Non-controlling interest

,000

--

9,868,000

Total equity

15,829,000 23,224,000

Total liabilities and equity

$

15,894,000 $

The accompanying notes are an integral part of these consolidated financial statements.

,000 33,859,000