Income Taxes

12 Months Ended

Dec. 31, 2021

Income Taxes [Abstract]

Income Tax Disclosure [Text Block]

Income TaxesThe Company elected to be taxed as a REIT effective with its tax year ended December 31, 2011, and therefore, the Company will not be subject to federal and state income taxes, so long as it distributes 90% of the Company's annual REIT taxable income (which does not equal net income as calculated in accordance with GAAP and is determined without regard for the deduction for dividends paid and excluding net capital gains) to its stockholders. For the Company's tax years prior to its REIT election year, its operations resulted in a tax loss. As of December 31, 2010, the Company had deferred federal and state tax assets totaling approximately $298,100, none of which were based upon tax positions deemed to be uncertain. These deferred tax assets will most likely not be used since the Company elected REIT status; therefore, management has determined that a 100% valuation allowance is appropriate as of December 31, 2021 and December 31, 2020.

The income tax characterization of the Company's dividend distributions were as follows:

	2021		2020		2019
Preferred Stock:
Ordinary income	11.9	%	16.9	%	44.7	%
Return of capital	85.1	%	78.8	%	53.1	%
Capital gains	3.0	%	4.3	%	2.2	%
Common Stock:
Ordinary income	—	%	—	%	—	%
Return of capital	100.0	%	100.0	%	100.0	%
Capital gains	—	%	—	%	—	%