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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ (4,256,337) $ 1,496,356 $ (4,183,767) $ (19,527,535)
Other comprehensive income (loss):        
Increase (decrease) in net unrealized gain (loss) on available-for-sale securities, net (4,175,111) (979,421) (2,954,193) 8,396,200
Reclassification adjustment for net gain (loss) included in net income (loss) 6,362,159 23,914 6,579,724 (6,523,410)
Reclassification adjustment for other-than-temporary impairments included in net income (loss) 0 374,124 0 541,342
Total other comprehensive income (loss) 2,187,048 (581,383) 3,625,531 2,414,132
Less: Dividends to preferred stockholders (880,509) (880,509) (2,631,744) (2,631,744)
Comprehensive income (loss) attributable to common stockholders $ (2,949,798) $ 34,464 $ (3,189,980) $ (19,745,147)