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Condensed Consolidated Statement of Changes in Equity - 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, 2017   1,610,000 22,143,758        
Balance at Dec. 31, 2017 $ 145,791,277 $ 37,156,972 $ 221,393 $ 224,048,169 $ (12,617,794) $ (104,650,235) $ 1,632,772
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 (32,383)     (32,383)      
Restricted stock compensation expense 4,804     4,804      
Net income (loss) 11,315,000           11,315,000
Common dividends declared (2,314,686)         (2,314,686)  
Preferred dividends declared (880,509)         (880,509)  
Increase (decrease) in net unrealized gain (loss) on available-for-sale securities, net (12,154,936)       (12,154,936)    
Reclassification adjustment for net gain (loss) included in net income (loss) 1,289,589       1,289,589    
Balance (in shares) at Mar. 31, 2018   1,610,000 23,683,164        
Balance at Mar. 31, 2018 150,361,123 $ 37,156,972 $ 236,787 231,348,163 (23,483,141) (107,845,430) 12,947,772
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 (12,617,794) (104,650,235) 1,632,772
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (5,822,037)            
Common dividends declared (5,156,936)            
Preferred dividends declared (2,631,744)            
Reclassification adjustment for net gain (loss) included in net income (loss) 12,617,794            
Balance (in shares) at Sep. 30, 2018   1,610,000 23,687,664        
Balance at Sep. 30, 2018 152,062,266 $ 37,156,972 $ 236,787 231,296,687 0 (112,438,915) (4,189,265)
Balance (in shares) at Mar. 31, 2018   1,610,000 23,683,164        
Balance at Mar. 31, 2018 150,361,123 $ 37,156,972 $ 236,787 231,348,163 (23,483,141) (107,845,430) 12,947,772
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cost of issuing common stock (32,383)     (32,383)      
Restricted stock compensation expense 4,858     4,858      
Net income (loss) (21,490,063)           (21,490,063)
Common dividends declared (1,420,990)         (1,420,990)  
Preferred dividends declared (870,726)         (870,726)  
Increase (decrease) in net unrealized gain (loss) on available-for-sale securities, net 12,154,936       12,154,936    
Reclassification adjustment for net gain (loss) included in net income (loss) 11,328,205       11,328,205    
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 0 (110,137,146) (8,542,291)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock, net (in shares)     4,500        
Issuance of common stock, net 0            
Cost of issuing common stock (32,384)     (32,384)      
Restricted stock compensation expense 8,433     8,433      
Net income (loss) 4,353,026           4,353,026
Common dividends declared (1,421,260)         (1,421,260)  
Preferred dividends declared (880,509)         (880,509)  
Reclassification adjustment for net gain (loss) included in net income (loss) 0            
Balance (in shares) at Sep. 30, 2018   1,610,000 23,687,664        
Balance at Sep. 30, 2018 152,062,266 $ 37,156,972 $ 236,787 231,296,687 0 (112,438,915) (4,189,265)
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)      
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
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]              
Net income (loss) 5,026,685            
Common dividends declared (5,211,286)            
Preferred dividends declared (488,056)            
Reclassification adjustment for net gain (loss) included in net income (loss) 0            
Balance (in shares) at Sep. 30, 2019   0 23,687,664        
Balance at Sep. 30, 2019 109,221,453 $ 0 $ 236,877 228,153,442 (120,456,361) 1,187,995 99,500
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cost of issuing common stock (22,382)     (22,382)      
Restricted stock compensation expense 3,814     3,814      
Net income (loss) 1,394,170         1,394,170  
Common dividends declared (1,776,575)       (1,776,575)    
Preferred dividends declared (3,792)       (3,792)    
Balance (in shares) at Jun. 30, 2019   0 23,687,664        
Balance at Jun. 30, 2019 108,866,122 $ 0 $ 236,832 228,175,537 (118,675,994) (969,753) 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock, net (in shares)     4,500        
Issuance of common stock, net 15,300   $ 45 15,255      
Cost of issuing common stock (22,385)     (22,385)      
Restricted stock compensation expense (in shares)     (4,500)        
Restricted stock compensation expense (14,965)     (14,965)      
Net income (loss) 2,157,748         2,157,748  
Common dividends declared (1,776,575)       (1,776,575)    
Preferred dividends declared (3,792)       (3,792)    
Reclassification adjustment for net gain (loss) included in net income (loss) 0            
Balance (in shares) at Sep. 30, 2019   0 23,687,664        
Balance at Sep. 30, 2019 $ 109,221,453 $ 0 $ 236,877 $ 228,153,442 $ (120,456,361) $ 1,187,995 $ 99,500