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Condensed Consolidated Statement of Stockholders' Equity - 3 months ended Mar. 31, 2019 - USD ($)
Total
Preferred Stock
Common Stock
Additional Paid-in Capital
Cumulative Distributions to Stockholders
Accumulated Earnings (Deficit)
Noncontrolling interests
Balance (in shares) at Dec. 31, 2018   1,610,000 23,687,664        
Balance at Dec. 31, 2018 $ 150,203,338 $ 37,156,972 $ 236,832 $ 231,305,743 $ (114,757,019) $ (3,838,690) $ 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cost of issuing common stock (22,383)     (22,383)      
Redemption of preferred stock, net (in shares)   (1,610,000)          
Redemption of preferred stock, net (40,250,000) $ (37,156,972)   (3,093,028)   0  
Restricted stock compensation expense 3,773     3,773      
Net income (loss) 1,474,767         1,474,767  
Common dividends declared (1,658,136)       (1,658,136)    
Preferred dividends declared (480,472)       (480,472)    
Balance (in shares) at Mar. 31, 2019   0 23,687,664        
Balance at Mar. 31, 2019 $ 109,270,887 $ 0 $ 236,832 $ 228,194,105 $ (116,895,627) $ (2,363,923) $ 99,500