Condensed Consolidated Statement of Stockholders' Equity - 9 months ended Sep. 30, 2017 - 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, 2016			1,610,000	17,539,258
Balance at Dec. 31, 2016	$ 142,466,865	[1]	$ 37,156,972	$ 175,348	$ 204,264,868	$ (6,831,940)	$ (89,224,194)	$ (3,074,189)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net (in shares)				4,604,500
Issuance of common stock, net	21,160,000			$ 46,045	21,113,955
Cost of issuing common stock	(1,332,189)				(1,332,189)
Restricted stock compensation expense (in shares)				(4,500)
Restricted stock compensation expense	16,634				16,634
Net income (loss)	(4,183,767)							(4,183,767)
Increase (decrease) in net unrealized gain (loss) on available-for-sale securities, net	(2,954,193)					(2,954,193)
Reclassification adjustment for net gain (loss) included in net income (loss)	6,579,724					6,579,724
Common dividends declared	(8,582,666)						(8,582,666)
Preferred dividends declared	(2,631,744)						(2,631,744)
Balance (in shares) at Sep. 30, 2017			1,610,000	22,139,258
Balance at Sep. 30, 2017	$ 150,538,664	[1]	$ 37,156,972	$ 221,393	$ 224,063,268	$ (3,206,409)	$ (100,438,604)	$ (7,257,956)

[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company is the primary beneficiary of these VIEs. As of September 30, 2017 and December 31, 2016, assets of consolidated VIEs totaled $1,280,093,874 and $1,369,120,941 respectively, and the liabilities of consolidated VIEs totaled $1,253,353,428 and $1,344,404,080 respectively