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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
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, 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]                
Net income (loss) 5,026,685              
Common dividends declared (5,211,286)              
Preferred dividends declared (488,056)              
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) 1,187,995 109,121,953 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) 109,171,387 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cost of issuing common stock (22,382)     (22,382)     (22,382)  
Restricted stock compensation expense 3,814     3,814     3,814  
Net income (loss) 1,394,170         1,394,170 1,394,170  
Common dividends declared (1,776,575)       (1,776,575)   (1,776,575)  
Preferred dividends declared (3,792)       (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) 108,766,622 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock, net (in shares)     4,500          
Issuance of common stock     $ 45          
Cost of issuing common stock 15,300     15,255     15,300  
Redemption of preferred stock, net (22,385)     (22,385)     (22,385)  
Restricted stock compensation expense (14,965)     (14,965)     (14,965)  
Net income (loss) 2,157,748         2,157,748 2,157,748  
Common dividends declared (1,776,575)       (1,776,575)   (1,776,575)  
Preferred dividends declared (3,792)       (3,792)   (3,792)  
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) 1,187,995 109,121,953 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   $ 249,344 233,864,573 (124,111,147) 3,961,871 113,964,641 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]                
Net income (loss) 5,981,384              
Common dividends declared (5,861,358)              
Preferred dividends declared (11,292)              
Balance (in shares) at Sep. 30, 2020     24,943,383          
Balance at Sep. 30, 2020 114,478,164 [1]   $ 249,389 233,847,322 (128,109,631) 8,391,584 114,378,664 99,500
Balance (in shares) at Mar. 31, 2020     24,938,883          
Balance at Mar. 31, 2020 114,064,141   $ 249,344 233,864,573 (124,111,147) 3,961,871 113,964,641 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock, net (in shares)     4,500          
Issuance of common stock 14,985   $ 45 14,940     14,985  
Cost of issuing common stock (13,333)     (13,333)     (13,333)  
Restricted stock compensation expense (8,473)     (8,473)     (8,473)  
Net income (loss) 1,878,703         1,878,703 1,878,703  
Common dividends declared (1,870,754)       (1,870,754)   (1,870,754)  
Preferred dividends declared (3,750)       (3,750)   (3,750)  
Balance (in shares) at Jun. 30, 2020     24,943,383          
Balance at Jun. 30, 2020 114,061,519   $ 249,389 233,857,707 (125,985,651) 5,840,574 113,962,019 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cost of issuing common stock (13,334)     (13,334)     (13,334)  
Restricted stock compensation expense 2,949     2,949     2,949  
Restricted stock compensation expense (in shares)     (4,500)          
Net income (loss) 2,551,010         2,551,010 2,551,010  
Common dividends declared (2,120,188)       (2,120,188)   (2,120,188)  
Preferred dividends declared (3,792)       (3,792)   (3,792)  
Balance (in shares) at Sep. 30, 2020     24,943,383          
Balance at Sep. 30, 2020 $ 114,478,164 [1]   $ 249,389 $ 233,847,322 $ (128,109,631) $ 8,391,584 $ 114,378,664 $ 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 September 30, 2020 and December 31, 2019, assets of consolidated VIEs related to Hunt CRE 2017-F1, Ltd. and Hunt CRE 2018-FL2, Ltd. totaled $608,690,756 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 $480,043,366 and $506,662,238 respectively. See Note 5 for further discussion.