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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Statement of Comprehensive Income [Abstract]    
Net income (loss) $ 2,369,141 $ (16,947,614)
Other comprehensive income (loss):    
Increase (decrease) in net unrealized gain (loss) on available-for-sale securities, net 3,699,186 (2,246,013)
Reclassification adjustment for net gain (loss) included in net income (loss) (148,284) 1,123,693
Reclassification adjustment for other-than-temporary impairments included in net income (loss) 0 20,994
Total other comprehensive income (loss) 3,550,902 (1,101,326)
Less: Dividends to preferred stockholders (880,509) (880,509)
Comprehensive income (loss) attributable to common stockholders $ 5,039,534 $ (18,929,449)