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Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2021
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table reconciles the fees incurred in accordance with the management agreement for the years ended December 31, 2021, December 31, 2020 and December 31, 2019.
For the Years Ended
December 31, 2021December 31, 2020December 31, 2019
ARMOUR management fees$31,063 $29,580 $29,513 
Less management fees waived(8,600)(8,855)— 
Total Management fee expense$22,463 $20,725 $29,513 
The table below summarizes other transactions with BUCKLER as of and for the years ended December 31, 2021 and December 31, 2020.
Transactions with BUCKLERDecember 31, 2021December 31, 2020
Repurchase agreements (1)
$1,963,679 $2,998,111 
Collateral posted on repurchase agreements$2,036,385 $3,117,929 
U.S. Treasury Securities Purchased$100,000 $— 
(1)Interest on repurchase agreements was $3,504, $38,663 and $120,090, for the years ended December 31, 2021, December 31, 2020 and December 31, 2019, respectively. See also, Note 7 - Repurchase Agreements, for transactions with BUCKLER.