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Consolidated Statements of Changes in Equity - USD ($)
Total
Additional Paid in Capital
Accumulated Other Comprehensive Income (Loss)
Cumulative Distributions to Stockholders
Accumulated Earnings (Deficit)
Noncontrolling interests
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Noncontrolling interests
Common Stock
Common Stock
Common Stock
Common Stock
Additional Paid in Capital
Balance (in shares) at Dec. 31, 2017               1,610,000     22,143,758  
Balance at Dec. 31, 2017 $ 145,791,277 $ 224,048,169 $ (12,617,794) $ (104,650,235) $ 1,632,772 $ 0   $ 37,156,972     $ 221,393  
Issuance of common stock, net (in shares)                     1,543,906  
Issuance of stock             $ 99,500   $ 99,500 $ 7,362,452 $ 15,439 $ 7,347,013
Cost of issuing common stock (92,866) (92,866)                    
Restricted stock compensation expense 3,427 3,427                    
Net income (loss) (5,471,462)       (5,471,462)              
Reclassification adjustment for net loss included in net income 12,617,794   12,617,794                  
Common dividends declared (6,578,196)     (6,578,196)                
Preferred dividends declared (3,528,588)     (3,528,588)                
Balance (in shares) at Dec. 31, 2018               1,610,000     23,687,664  
Balance at Dec. 31, 2018 150,203,338 [1] 231,305,743 0 (114,757,019) (3,838,690) 99,500   $ 37,156,972     $ 236,832  
Issuance of common stock, net (in shares)                     4,500  
Issuance of stock                   $ 15,300 $ 45 $ 15,255
Cost of issuing common stock (86,516) (86,516)                    
Redemption of preferred stock, net (in shares)               (1,610,000)        
Redemption of preferred stock, net (40,250,000) (3,093,028)           $ (37,156,972)        
Restricted stock compensation expense (6,338) (6,338)                    
Net income (loss) 6,248,890       6,248,890              
Reclassification adjustment for net loss included in net income 0                      
Common dividends declared (6,988,198)     (6,988,198)                
Preferred dividends declared (491,764)     (491,764)                
Balance (in shares) at Dec. 31, 2019               0     23,692,164  
Balance at Dec. 31, 2019 $ 108,644,712 [1] $ 228,135,116 $ 0 $ (122,236,981) $ 2,410,200 $ 99,500   $ 0     $ 236,877  
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIE's) as the Company was the primary beneficiary of these VIEs. As of December 31, 2019 and December 31, 2018, assets of the consolidated VIEs related to Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd. totaled $636,541,489 and $636,951,486, respectively and the liabilities of consolidated VIEs related to Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd. totaled $506,662,238 and $504,846,712, respectively.