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Condensed Consolidated Statement of Stockholders' Equity - 6 months ended Jun. 30, 2018 - USD ($)
Total
Preferred Stock
Common Stock
Additional Paid in Capital
Accumulated Other Comprehensive Income (Loss)
Cumulative Distributions to Stockholders
Accumulated Earnings (Deficit)
Balance (in shares) at Dec. 31, 2017   1,610,000 22,143,758        
Balance at Dec. 31, 2017 $ 145,791,277 $ 37,156,972 $ 221,393 $ 224,048,169 $ (15,054,484) $ (104,650,235) $ 4,069,462
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock, net (in shares)     1,539,406        
Issuance of common stock, net 7,342,967   $ 15,394 7,327,573      
Cost of issuing common stock (64,766)     (64,766)      
Restricted stock compensation expense 9,662     9,662      
Net income (loss) (10,175,063)           (10,175,063)
Increase (decrease) in net unrealized gain (loss) on available-for-sale securities, net 0       0    
Reclassification adjustment for net gain (loss) included in net income (loss) 12,617,794       12,617,794    
Common dividends declared (3,735,676)         (3,735,676)  
Preferred dividends declared (1,751,235)         (1,751,235)  
Balance (in shares) at Jun. 30, 2018   1,610,000 23,683,164        
Balance at Jun. 30, 2018 $ 150,034,960 $ 37,156,972 $ 236,787 $ 231,320,638 $ (2,436,690) $ (110,137,146) $ (6,105,601)