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Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Portfolio Income        
Interest income $ 9,285,729 $ 2,551,199 $ 19,657,656 $ 6,393,156
Interest expense 818,383 293,913 1,904,894 817,219
Net interest income 8,467,346 2,257,286 17,752,762 5,575,937
Realized gains (losses) on mortgage-backed securities (1,959,822) (667,182) 1,931,617 (1,490,712)
Unrealized gains (losses) on mortgage-backed securities (1,404,122) 86,070 8,719,844 (9,072,712)
(Losses) gains on derivative instruments 3,057,651 (2,271,875) (4,363,837) 4,095,788
Net portfolio income 8,161,053 (595,701) 24,040,386 (891,699)
Expenses        
Management Fees 543,000 179,500 1,275,500 489,700
Compensation and related benefits 225,000 0 450,000 0
Directors fees and liability insurance 164,641 82,924 404,927 207,309
Audit, legal and other professional fees 160,260 70,949 405,697 321,436
Direct REIT operating expenses 35,973 36,550 124,358 133,399
Other administrative 263,693 31,483 381,213 99,358
Total expenses 1,392,567 401,406 3,041,695 1,251,202
Net income (loss) $ 6,768,486 $ (997,107) $ 20,998,691 $ (2,142,901)
Basic and diluted net income (loss) per share        
Basic $ 0.63 $ (0.3) $ 2.53 $ (0.74)
Diluted $ 0.63 $ (0.3) $ 2.53 $ (0.74)
Weighted Average Shares Outstanding        
Weighted Average Number Of Basic Shares Outstanding 10,710,153 3,341,665 8,314,512 2,900,786
Weighted Average Number Of Diluted Shares Outstanding 10,710,153 3,341,665 8,314,512 2,900,786
Dividends Declared Per Common Share $ 0.54 $ 0.405 $ 1.62 $ 0.945