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Condensed Consolidated Statements of Stockholders' Equity - 9 months ended Sep. 30, 2016 - USD ($)
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
AOCI Attributable to Parent [Member]
Cumulative Distributions to Stockholders [Member]
Accumulated Earnings (Deficit) [Member]
Balance at Dec. 31, 2015 $ 177,494,528 [1] $ 37,156,972 $ 146,409 $ 189,037,702 $ (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 $ 155 (155) 0 0 0
Issuance of common stock, net (in shares)   0 15,500        
Cost of issuing common stock 0 $ 0 $ 0 0 0 0 0
Cost of issuing common stock (in shares)   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 29,014 $ 0 $ 0 29,014 0 0 0
Restricted stock compensation expense (in shares)   0 (11,000)        
Net income (loss) (22,896,725) $ 0 $ 0 0 0 0 (22,896,725)
Increase (decrease) in net unrealized gain on available-for-sale securities, net 12,119,724 0 0 0 12,119,724 0 0
Reclassification adjustment for net gain (loss) included in net income (loss) (6,523,410) 0 0 0 (6,523,410) 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 (loss) 187,008 0 0 0 187,008 0  
Common dividends declared (7,885,803) 0 0 0 0 (7,885,803) 0
Preferred dividends declared (2,631,744) 0 0 0 0 (2,631,744) 0
Balance at Sep. 30, 2016 $ 149,609,027 [1] $ 37,156,972 $ 145,979 $ 188,783,581 $ 5,387,551 $ (66,320,787) $ (15,544,269)
Balance (in shares) at Sep. 30, 2016   1,610,000 14,602,394        
[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 September 30, 2016 and December 31, 2015, assets of consolidated VIEs totaled $1,425,612,641 and $1,868,482,556, respectively, and the liabilities of consolidated VIEs totaled $1,401,605,297 and $1,750,916,265, respectively