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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Available-for-sale securities, at fair value (includes pledged securities of $590,302,740 and $66,337,080 for June 30, 2013 and December 31, 2012, respectively) $ 590,302,740 $ 81,027,998
Linked transactions, net, at fair value 15,657,200 8,612,753
Cash and cash equivalents 20,891,412 3,608,759
Restricted cash 23,632,242 1,933,390
Deferred offering costs 0 1,664,796
Accrued interest receivable 1,601,924 189,364
Derivative assets, at fair value 7,389,541 12,062
Other assets 221,407 0
Total assets 659,696,466 97,049,122
LIABILITIES AND STOCKHOLDERS' EQUITY    
Repurchase agreements 563,529,000 [1] 63,423,000 [2]
Derivative liabilities, at fair value 0 283,754
Accrued interest payable 209,475 65,820
Dividends payable 0 220,833
Fees and expenses payable to Manager 317,721 32,721
Other accounts payable and accrued expenses 125,795 754,274
Total liabilities 564,181,991 64,780,402
STOCKHOLDERS' EQUITY:    
Preferred Stock: par value $0.01 per share; 50,000,000 shares authorized, none outstanding at June 30, 2013 and December 31, 2012 0 0
Common Stock: par value $0.01 per share; 450,000,000 shares authorized, 7,389,250 and 1,656,250 shares issued and outstanding, at June 30, 2013 and December 31, 2012, respectively 73,563 265,000
Additional paid-in capital 110,053,531 25,912,089
Accumulated other comprehensive income (loss) (24,001,358) 2,433,997
Cumulative distributions to stockholders (4,929,061) (1,161,672)
Accumulated earnings 14,317,800 4,819,306
Total stockholders' equity 95,514,475 32,268,720
Total liabilities and stockholders' equity $ 659,696,466 $ 97,049,122
[1] At June 30, 2013, the Company had repurchase agreements of $30,310,000 that were linked to Non-Agency RMBS purchases and were accounted for as Linked Transactions, and as such, the linked repurchase agreements are not included in the above table. (See Note 3).
[2] At December 31, 2012, the Company had repurchase agreements of $13,989,000 that were linked to Non-Agency RMBS purchases and were accounted for as Linked Transactions, and as such, the linked repurchase agreements are not included in the above table. (See Note 3).