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Consolidated Statements of Changes in Equity - USD ($)
Total
Series B Preferred Stock [Member]
Series C Preferred Stock [Member]
Series D Preferred Stock [Member]
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Unearned ESOP Shares [Member]
Distributions in Excess of Retained Earnings [Member]
Distributions in Excess of Retained Earnings [Member]
Series B Preferred Stock [Member]
Distributions in Excess of Retained Earnings [Member]
Series C Preferred Stock [Member]
Distributions in Excess of Retained Earnings [Member]
Series D Preferred Stock [Member]
Noncontrolling Interest [Member]
Balances, beginning at Dec. 31, 2018 $ 82,266,372       $ 29,621 $ 142,093 $ 147,085,112 $ (4,379,742) $ (61,052,418)       $ 441,706
Balances, shares, beginning at Dec. 31, 2018         2,962,141 14,209,378              
Net (loss) income (390,205)               (183,256)       (206,949)
Issuance of restricted common stock awards 92,333         $ 130 92,203            
Issuance of restricted common stock awards, shares           13,000              
Amortization of ESOP shares 66,093           (1,141) 67,234          
Amortization of restricted stock awards 8,025           8,025            
Preferred stock dividends declared:                          
Preferred stock dividends declared   $ (805,000) $ (665,507)             $ (805,000) $ (665,507)    
Common stock, dividends and distributions declared (1,922,174)               (1,699,906)       (222,268)
Balances, ending at Mar. 31, 2019 78,649,937       $ 29,621 $ 142,223 147,184,199 (4,312,508) (64,406,087)       12,489
Balances, shares, ending at Mar. 31, 2019         2,962,141 14,222,378              
Balances, beginning at Dec. 31, 2018 82,266,372       $ 29,621 $ 142,093 147,085,112 (4,379,742) (61,052,418)       441,706
Balances, shares, beginning at Dec. 31, 2018         2,962,141 14,209,378              
Net (loss) income 2,827,859                        
Balances, ending at Sep. 30, 2019 107,183,555       $ 43,646 $ 142,223 180,415,231 (4,175,564) (68,687,461)       (554,520)
Balances, shares, ending at Sep. 30, 2019         4,364,610 14,222,378              
Balances, beginning at Mar. 31, 2019 78,649,937       $ 29,621 $ 142,223 147,184,199 (4,312,508) (64,406,087)       12,489
Balances, shares, beginning at Mar. 31, 2019         2,962,141 14,222,378              
Net (loss) income 1,149,315               1,240,671       (91,356)
Issuance of preferred stock 28,377,519       $ 12,000   28,365,519            
Issuance of preferred stock, shares         1,200,000                
Amortization of ESOP shares 67,160             67,160          
Amortization of restricted stock awards 8,025           8,025            
Preferred stock dividends declared:                          
Preferred stock dividends declared   (805,000) (665,507) $ (501,876)           (805,000) (665,507) $ (501,876)  
Common stock, dividends and distributions declared (1,913,517)               (1,682,359)       (231,158)
Balances, ending at Jun. 30, 2019 104,366,056       $ 41,621 $ 142,223 175,557,743 (4,245,348) (66,820,158)       (310,025)
Balances, shares, ending at Jun. 30, 2019         4,162,141 14,222,378              
Net (loss) income 2,068,746               2,082,083       (13,337)
Issuance of preferred stock 4,861,013       $ 2,025   4,858,988            
Issuance of preferred stock, shares         202,469                
Amortization of ESOP shares 60,259           (9,525) 69,784          
Amortization of restricted stock awards 8,025           8,025            
Preferred stock dividends declared:                          
Preferred stock dividends declared   (805,000) (765,160) (618,750)           (805,000) (765,160) (618,750)  
Common stock, dividends and distributions declared (1,991,634)               (1,760,476)       (231,158)
Balances, ending at Sep. 30, 2019 107,183,555       $ 43,646 $ 142,223 180,415,231 (4,175,564) (68,687,461)       (554,520)
Balances, shares, ending at Sep. 30, 2019         4,364,610 14,222,378              
Balances, beginning at Dec. 31, 2019 101,407,171       $ 43,646 $ 142,723 180,515,861 (4,105,637) (73,990,690)       (1,198,732)
Balances, shares, beginning at Dec. 31, 2019         4,364,610 14,272,378              
Net (loss) income (13,332,205)               (12,134,789)       (1,197,416)
Issuance of common stock 14,175         $ 22 14,153            
Issuance of common stock, shares           2,250              
Issuance of restricted common stock awards 94,500         $ 600 93,900            
Issuance of restricted common stock awards, shares           60,000              
Conversion of units in Operating Partnership to shares of common stock           $ 4,890 (344,624)           339,734
Conversion of units in Operating Partnership to shares of common stock, shares           488,952              
Amortization of ESOP shares 62,635           (6,694) 69,329          
Amortization of restricted stock awards 18,195           18,195            
Preferred stock dividends declared:                          
Preferred stock dividends declared   $ (805,000) $ (765,160) $ (618,750)           $ (805,000) $ (765,160) $ (618,750)  
Common stock, dividends and distributions declared (2,013,428)               (1,852,333)       (161,095)
Balances, ending at Mar. 31, 2020 84,062,133       $ 43,646 $ 148,235 180,290,791 (4,036,308) (90,166,722)       (2,217,509)
Balances, shares, ending at Mar. 31, 2020         4,364,610 14,823,580              
Balances, beginning at Dec. 31, 2019 101,407,171       $ 43,646 $ 142,723 180,515,861 (4,105,637) (73,990,690)       (1,198,732)
Balances, shares, beginning at Dec. 31, 2019         4,364,610 14,272,378              
Net (loss) income (40,672,548)                        
Balances, ending at Sep. 30, 2020 56,732,403       $ 43,646 $ 148,812 180,134,597 (3,917,594) (115,173,422)       (4,503,636)
Balances, shares, ending at Sep. 30, 2020         4,364,610 14,881,267              
Balances, beginning at Mar. 31, 2020 84,062,133       $ 43,646 $ 148,235 180,290,791 (4,036,308) (90,166,722)       (2,217,509)
Balances, shares, beginning at Mar. 31, 2020         4,364,610 14,823,580              
Net (loss) income (16,301,070)               (14,935,702)       (1,365,368)
Conversion of units in Operating Partnership to shares of common stock           $ 577 (33,093)           32,516
Conversion of units in Operating Partnership to shares of common stock, shares           57,687              
Amortization of ESOP shares (43,372)           (102,729) 59,357          
Amortization of restricted stock awards 18,195           18,195            
Balances, ending at Jun. 30, 2020 67,735,886       $ 43,646 $ 148,812 180,173,164 (3,976,951) (105,102,424)       (3,550,361)
Balances, shares, ending at Jun. 30, 2020         4,364,610 14,881,267              
Net (loss) income (11,039,271)               (10,070,998)       (968,273)
Conversion of units in Operating Partnership to shares of common stock             (14,998)           14,998
Amortization of ESOP shares 17,593           (41,764) 59,357          
Amortization of restricted stock awards 18,195           18,195            
Balances, ending at Sep. 30, 2020 $ 56,732,403       $ 43,646 $ 148,812 $ 180,134,597 $ (3,917,594) $ (115,173,422)       $ (4,503,636)
Balances, shares, ending at Sep. 30, 2020         4,364,610 14,881,267