XML 33 R60.htm IDEA: XBRL DOCUMENT v3.20.1
EQUITY - Narrative (Details) - USD ($)
3 Months Ended 12 Months Ended
Jan. 03, 2020
Feb. 14, 2019
Nov. 29, 2018
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Dec. 15, 2015
Stockholders' Equity Note [Line Items]              
Common stock, shares authorized (in shares)       450,000,000   450,000,000  
Common stock, par value (in dollars per share)       $ 0.01   $ 0.01  
Common stock, shares outstanding (in shares)       24,938,883 24,938,883 23,692,164  
Common stock, shares issued (in shares)       24,938,883   23,692,164  
Stock repurchase program, authorized amount             $ 10,000,000
Preferred stock, shares authorized (in shares)           50,000,000  
Preferred stock, par value (in dollars per share)           $ 0.01  
Preferred stock, shares issued (in shares)           1,610,000  
Preferred stock, shares outstanding (in shares)           1,610,000  
Preferred stock, dividend rate, percentage       8.75%      
Preferred stock, liquidation preference (in dollars per share)           $ 25.00  
Dividends payable       $ 1,874,166 [1] $ 1,661,844 $ 1,776,912 [1]  
Noncontrolling interests [1]       99,500   $ 99,500  
Dividends on the HCMT Preferred Shares       $ 3,750 $ 480,472    
Stock Repurchase Program              
Stockholders' Equity Note [Line Items]              
Number of shares repurchased (in shares)       126,856      
Weighted average share price of common stock repurchased (in dollars per share)       $ 5.09      
Common stock repurchase activity (in shares)       0      
Stock repurchase program, remaining authorized amount       $ 9,400,000      
Preferred Stock              
Stockholders' Equity Note [Line Items]              
Preferred stock, par value (in dollars per share)           $ 0.01  
Preferred stock, dividend rate, percentage       8.75%      
Preferred stock, liquidation preference (in dollars per share)       $ 25      
Redeemable Preferred Stock              
Stockholders' Equity Note [Line Items]              
Preferred stock, shares outstanding (in shares)   1,610,000          
Preferred stock, dividend rate, percentage   8.75%          
Preferred stock, liquidation preference (in dollars per share)   $ 25          
Common Stock              
Stockholders' Equity Note [Line Items]              
Issuance of common stock, net (in shares) 1,246,719     1,246,719      
Dividends payable       $ 1,870,416      
Dividends payable, amount per share (in dollars per share)       $ 0.08      
Noncontrolling interests | Preferred Stock              
Stockholders' Equity Note [Line Items]              
Number of shares issued (in shares)     125        
Noncontrolling interests     $ 99,500        
Equity raised     125,000        
Non-controlling interests expenses     $ 25,500        
Dividend rate percentage     12.00%        
Dividends on the HCMT Preferred Shares       $ 3,750   $ 15,000  
Hunt | Private Placement              
Stockholders' Equity Note [Line Items]              
Common stock, shares issued (in dollars per share) $ 4.61            
Aggregate capital raise $ 5,700,000            
[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.