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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net income (loss) $ (7,989,955) $ 450,479 $ 3,313,786
Other comprehensive income (loss):      
Increase (decrease) in net unrealized gain on available-for-sale securities, net (3,824,461) (14,776,266) 10,845,303
Reclassification adjustment for net gain (loss) included in net income (loss) (5,589,740) 1,969,108 7,458,001
Reclassification adjustment for other-than-temporary impairments included in net income (loss) 541,342 745,492 0
Reclassification cumulative adjustment for Linked Transactions 0 4,457,544 0
Total other comprehensive income (loss) (8,872,859) (7,604,122) 18,303,304
Less: Dividends to preferred stockholders (3,522,036) (3,522,036) (2,887,296)
Comprehensive income (loss) attributable to common stockholders $ (20,384,850) $ (10,675,679) $ 18,729,794