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STATES SECURITIES\nAND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n**Form 10-K**\n\n \n\nx ANNUAL REPORT PURSUANT\nTO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the fiscal year ended December 31, 2025.\n\n \n\n**or**\n\n \n\n¨ TRANSITION REPORT\nPURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the transition period from ________ to ________\n\n \n\n**Commission File Number: 000-1695962**\n\n** **\n\n**KORTH DIRECT MORTGAGE INC.**\n\n(Exact name of registrant as specified in its charter)\n\n \n\nFlorida\n \n27-0644172\n\n*(State or other jurisdiction of\nincorporation or organization)*\n \n*(I.R.S. Employer Identification No.)*\n\n \n\n135 San Lorenzo Avenue, Suite 600, Coral Gables, FL 33146\n\n*(Address of principal executive offices)*\n\n \n\n(305) 668-8485\n\n*(Registrant’s telephone number, including area code)*\n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:         None\n\n \n\nSecurities registered pursuant to Section 12(g) of the Act:         None\n\n \n\nIndicate by check mark if the registrant is a well-known seasoned issuer,\nas defined in Rule 405 of the Securities Act. Yes ¨ No x\n\n \n\nIndicate by check mark if the registrant is not required to file reports\npursuant to Section 13 or 15(d) of the Exchange Act. Yes x No ¨\n\n \n\nIndicate by check mark whether the registrant\n(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months\n(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements\nfor the past 90 days. Yes x No ¨\n\n \n\nIndicate by check mark whether the registrant\nhas submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted\npursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that\nthe registrant was required to submit and post such files). Yes x   No ¨\n\n \n\nThe Registrant voluntarily files Exchange Act\nReports and has filed all Exchange Act reports for the preceding 12 months.\n\n \n\nIndicate by check\nmark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,\nor emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller\nreporting company,” and \"emerging growth company\" in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer\n¨\nAccelerated filer\n¨\n\n \n \n \n \n\nNon-accelerated filer\n¨\nSmaller Reporting company\nx\n\n \n \nEmerging growth company\nx\n\n \n\nIf an emerging growth company, indicate by check\nmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting\nstandards provided pursuant to Section 13(a) of the Exchange Act. ¨\n\n \n\n 1 \n\n \n\n \n\nIndicate by check mark whether the registrant has filed a report on\nand attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section\n404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.\nYes ¨ No x \n\n \n\nIf securities are registered pursuant to Section 12(b) of the Act,\nindicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to\npreviously issued financial statements. ¨\n\n \n\nIndicate by check mark whether the registrant\nis a shell company (as defined in Rule 12b-2 of the Act).     Yes ¨\nNo x\n\n \n\nState the aggregate market value of the voting\nand non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the\naverage bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second\nfiscal quarter.\n\n \n\nThere is no market for the common equity of Korth Direct Mortgage Inc.\nAs of December 31, 2025, there were 5,000,000 common shares of KDM outstanding.\n\n \n\nDOCUMENTS INCORPORATED BY REFERENCE\n\n \n\nNo documents are incorporated in this Form 10-K by reference.\n\n \n\n \n\n 2 \n\n \n\n \n\n**KORTH DIRECT MORTGAGE, Inc.**\n\n \n\n**TABLE OF CONTENTS**\n\n \n\nPART I"}