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Condensed Consolidated Statements of Stockholders' Equity - 3 months ended Mar. 31, 2016 - USD ($)
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Cumulative Distributions to Stockholders [Member]
Accumulated Earnings (Deficit) [Member]
Balance at Dec. 31, 2015 $ 177,494,528 [1] $ 37,156,972 $ 146,269 $ 189,037,842 $ (395,771) $ (55,803,240) $ 7,352,456
Balance (in shares) at Dec. 31, 2015   1,610,000 14,656,394        
Issuance of common stock, net 0 $ 0 $ 0 0 0 0 0
Issuance of common stock, net (in shares)   0 0        
Cost of issuing common stock 0 $ 0 $ 0 0 0 0 0
Issuance of preferred stock, net 0 $ 0 $ 0 0 0 0 0
Issuance of preferred stock, net (in shares)   0 0        
Redemption of preferred stock, net 0 $ 0 $ 0 0 0 0 0
Redemption of preferred stock, net (in shares)   0 0        
Purchase of treasury stock, net (283,565) $ 0 $ (585) (282,980) 0 0 0
Purchase of treasury stock, net (in shares)   0 (58,500)        
Restricted stock compensation expense 17,139 $ 0 $ 0 17,139 0 0 0
Restricted stock compensation expense (in shares)   0 0        
Net income (loss) (16,947,614) $ 0 $ 0 0 0 0 (16,947,614)
Increase (decrease) in net unrealized gain on available-for-sale securities, net (2,246,013) 0 0 0 (2,246,013) 0 0
Reclassification adjustment for net gain (loss) included in net income (loss) 1,123,693 0 0 0 1,123,693 0 0
Reclassification cumulative adjustments for Linked Transactions 0 0 0 0 0 0 0
Reclassification adjustment for other-than-temporary impairments included in net income 20,994 0 0 0 20,994 0  
Common dividends declared (2,630,021) 0 0 0 0 (2,630,021) 0
Preferred dividends declared (880,509) 0 0 0 0 (880,509) 0
Balance at Mar. 31, 2016 $ 155,668,632 [1] $ 37,156,972 $ 145,684 $ 188,772,001 $ (1,497,097) $ (59,313,770) $ (9,595,158)
Balance (in shares) at Mar. 31, 2016   1,610,000 14,597,894        
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIE's) as the Company is the primary beneficiary of these VIEs. As of March 31, 2016 and December 31, 2015, assets of consolidated VIEs totaled $1,836,767,480 and $1,868,482,556, respectively, and the liabilities of consolidated VIEs totaled $1,720,340,585 and $1,750,916,265, respectively