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Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Net income (loss) $ (5,130,327)us-gaap_NetIncomeLoss $ (2,541,274)us-gaap_NetIncomeLoss
Other comprehensive income (loss):    
Increase (decrease) in net unrealized gain on available-for-sale securities, net 2,555,987us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax 6,841,785us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
Reclassification adjustment for net gain (loss) included in net income 0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax 5,563,982us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
Reclassification adjustment for other-than-temporary impairments included in net income 4,868,428oaks_ReclassificationAdjustmentForOtherthantemporaryImpairmentsIncludedInNetIncome 0oaks_ReclassificationAdjustmentForOtherthantemporaryImpairmentsIncludedInNetIncome
Reclassification cumulative adjustment for Linked Transactions 4,457,544us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax 0us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
Total other comprehensive income (loss) 11,881,959us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 12,405,767us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
Less: Dividends to preferred stockholders (880,509)us-gaap_PreferredStockDividendsAndOtherAdjustments (480,573)us-gaap_PreferredStockDividendsAndOtherAdjustments
Comprehensive income (loss) attributable to common stockholders $ 5,871,123oaks_ComprehensiveIncomeLossAttributableToCommonStockholders $ 9,383,920oaks_ComprehensiveIncomeLossAttributableToCommonStockholders