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Condensed Consolidated Statement of Changes in Equity - USD ($)
Total
Common Stock
Additional Paid-in Capital
Cumulative Distributions to Stockholders
Accumulated Earnings
Total Stockholders' Equity
Noncontrolling interests
Balance (in shares) at Dec. 31, 2019   23,692,164          
Balance at Dec. 31, 2019 $ 108,644,712 $ 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 (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 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, 2020   24,943,383          
Balance at Dec. 31, 2020 113,703,152 [1] $ 249,389 233,850,271 (131,355,978) 10,859,970 113,603,652 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock 0         0  
Cost of issuing common stock 0   0     0  
Restricted stock compensation expense 2,885   2,885     2,885  
Net income 2,808,643       2,808,643 2,808,643  
Common dividends declared (2,244,904)     (2,244,904)   (2,244,904)  
Preferred dividends declared (3,708)     (3,708)   (3,708)  
Balance (in shares) at Mar. 31, 2021   24,943,383          
Balance at Mar. 31, 2021 $ 114,266,068 [1] $ 249,389 $ 233,853,156 $ (133,604,590) $ 13,668,613 $ 114,166,568 $ 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, 2021 and December 31, 2020, assets of consolidated VIEs related to Hunt CRE 2017-F1, Ltd. and Hunt CRE 2018-FL2, Ltd. totaled $537,399,673 and $591,318,506, respectively and the liabilities of consolidated VIEs related to Hunt CRE 2017-FL1, Ltd. and Hunt CRE 2018-FL2, Ltd totaled $409,716,943 and $463,411,967 respectively. See Note 4 for further discussion.