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Condensed Consolidated Statement of Changes in Equity - USD ($)
Total
Preferred Stock
Preferred Stock
Common Stock
Additional Paid-in Capital
Cumulative Distributions to Stockholders
Accumulated Earnings
Total Stockholders' Equity
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) $ 150,103,838 $ 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cost of issuing common stock (22,383)     (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)     (40,250,000)  
Restricted stock compensation expense 3,773     3,773     3,773  
Net income (loss) 1,474,767         1,474,767 1,474,767  
Common dividends declared (1,658,136)       (1,658,136)   (1,658,136)  
Preferred dividends declared (480,472)       (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) 109,171,387 99,500
Balance (in shares) at Dec. 31, 2019     23,692,164          
Balance at Dec. 31, 2019 108,644,712 [1]   $ 236,877 228,135,116 (122,236,981) 2,410,200 108,545,212 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock, net (in shares)     1,246,719          
Issuance of common stock 5,747,375   $ 12,467 5,734,908     5,747,375  
Cost of issuing common stock (13,333)     (13,333)     (13,333)  
Restricted stock compensation expense 7,882     7,882     7,882  
Net income (loss) 1,551,671         1,551,671 1,551,671  
Common dividends declared (1,870,416)       (1,870,416)   (1,870,416)  
Preferred dividends declared (3,750)       (3,750)   (3,750)  
Balance (in shares) at Mar. 31, 2020     24,938,883          
Balance at Mar. 31, 2020 $ 114,064,141 [1]   $ 249,344 $ 233,864,573 $ (124,111,147) $ 3,961,871 $ 113,964,641 $ 99,500
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company was the primary beneficiary of these VIEs. As of March 31, 2020 and December 31, 2019, assets of consolidated VIEs related to Hunt CRE 2017-F1, Ltd. and Hunt CRE 2018-FL2, Ltd. totaled 636,607,029 and $636,541,489, respectively and the liabilities of consolidated VIEs related to Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd totaled 506,907,671 and $506,662,238 respectively. See Note 5 for further discussion.