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Condensed Consolidated Statement of Changes in Equity - USD ($)
Total
Total Stockholders' Equity
Preferred Stock
Common Stock
Additional Paid-in Capital
Cumulative Distributions to Stockholders
Accumulated Earnings
Noncontrolling interests
Balance (in shares) at Dec. 31, 2019       23,692,164        
Balance at Dec. 31, 2019 $ 108,644,712 $ 108,545,212   $ 236,877 $ 228,135,116 $ (122,236,981) $ 2,410,200 $ 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 5,747,375   $ 12,467 5,734,908      
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 stock dividends (1,870,416) (1,870,416)       (1,870,416)    
Preferred stock dividends (3,750) (3,750)       (3,750)    
Balance (in shares) at Mar. 31, 2020       24,938,883        
Balance at Mar. 31, 2020 114,064,141 113,964,641   $ 249,344 233,864,573 (124,111,147) 3,961,871 99,500
Balance (in shares) at Dec. 31, 2019       23,692,164        
Balance at Dec. 31, 2019 108,644,712 108,545,212   $ 236,877 228,135,116 (122,236,981) 2,410,200 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 5,981,384              
Common stock dividends (5,861,358)              
Preferred stock dividends (11,292)              
Balance (in shares) at Sep. 30, 2020       24,943,383        
Balance at Sep. 30, 2020 114,478,164 114,378,664   $ 249,389 233,847,322 (128,109,631) 8,391,584 99,500
Balance (in shares) at Mar. 31, 2020       24,938,883        
Balance at Mar. 31, 2020 114,064,141 113,964,641   $ 249,344 233,864,573 (124,111,147) 3,961,871 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock (in shares)       4,500        
Issuance of common stock 14,985 14,985   $ 45 14,940      
Cost of issuing common stock (13,333) (13,333)     (13,333)      
Restricted stock compensation expense (8,473) (8,473)     (8,473)      
Net income 1,878,703 1,878,703         1,878,703  
Common stock dividends (1,870,754) (1,870,754)       (1,870,754)    
Preferred stock dividends (3,750) (3,750)       (3,750)    
Balance (in shares) at Jun. 30, 2020       24,943,383        
Balance at Jun. 30, 2020 114,061,519 113,962,019   $ 249,389 233,857,707 (125,985,651) 5,840,574 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock 0              
Cost of issuing common stock (13,334) (13,334)     (13,334)      
Restricted stock compensation expense 2,949 2,949     2,949      
Net income 2,551,010 2,551,010         2,551,010  
Common stock dividends (2,120,188) (2,120,188)       (2,120,188)    
Preferred stock dividends (3,792) (3,792)       (3,792)    
Balance (in shares) at Sep. 30, 2020       24,943,383        
Balance at Sep. 30, 2020 114,478,164 114,378,664   $ 249,389 233,847,322 (128,109,631) 8,391,584 99,500
Balance (in shares) at Dec. 31, 2020     0 24,943,383        
Balance at Dec. 31, 2020 113,703,152 [1] 113,603,652 $ 0 $ 249,389 233,850,271 (131,355,978) 10,859,970 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock 0 0            
Cost of issuing common stock 0 0     0      
Issuance of preferred stock, net (in shares)     0          
Issuance of preferred stock, net 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 stock dividends (2,244,904) (2,244,904)       (2,244,904)    
Preferred stock dividends (3,708) (3,708)       (3,708)    
Balance (in shares) at Mar. 31, 2021     0 24,943,383        
Balance at Mar. 31, 2021 114,266,068 114,166,568 $ 0 $ 249,389 233,853,156 (133,604,590) 13,668,613 99,500
Balance (in shares) at Dec. 31, 2020     0 24,943,383        
Balance at Dec. 31, 2020 113,703,152 [1] 113,603,652 $ 0 $ 249,389 233,850,271 (131,355,978) 10,859,970 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 6,863,353              
Common stock dividends (6,735,523)              
Preferred stock dividends (1,927,542)              
Balance (in shares) at Sep. 30, 2021     2,400,000 24,947,883        
Balance at Sep. 30, 2021 169,161,542 [1] 169,062,042 $ 57,258,435 $ 249,434 233,849,892 (140,019,042) 17,723,323 99,500
Balance (in shares) at Mar. 31, 2021     0 24,943,383        
Balance at Mar. 31, 2021 114,266,068 114,166,568 $ 0 $ 249,389 233,853,156 (133,604,590) 13,668,613 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock (in shares)       4,500        
Issuance of common stock 11,700 11,700   $ 45 11,655      
Cost of issuing common stock 0 0     0      
Issuance of preferred stock, net (in shares)     2,400,000          
Issuance of preferred stock, net 57,258,435 57,258,435 $ 57,258,435          
Restricted stock compensation expense (8,459) (8,459)     (8,459)      
Net income 1,680,242 1,680,242         1,680,242  
Common stock dividends (2,245,309) (2,245,309)       (2,245,309)    
Preferred stock dividends (725,667) (725,667)       (725,667)    
Balance (in shares) at Jun. 30, 2021     2,400,000 24,947,883        
Balance at Jun. 30, 2021 170,237,010 170,137,510 $ 57,258,435 $ 249,434 233,856,352 (136,575,566) 15,348,855 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock 0              
Cost of issuing common stock (11,201) (11,201)     (11,201)      
Issuance of preferred stock, net 0              
Restricted stock compensation expense 4,741 4,741     4,741      
Net income 2,374,468 2,374,468         2,374,468  
Common stock dividends (2,245,310) (2,245,310)       (2,245,310)    
Preferred stock dividends (1,198,166) (1,198,166)       (1,198,166)    
Balance (in shares) at Sep. 30, 2021     2,400,000 24,947,883        
Balance at Sep. 30, 2021 $ 169,161,542 [1] $ 169,062,042 $ 57,258,435 $ 249,434 $ 233,849,892 $ (140,019,042) $ 17,723,323 $ 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, 2021 and December 31, 2020, assets of consolidated VIEs totaled $1,003,113,182 and $591,318,506, respectively and the liabilities of consolidated VIEs totaled $826,707,857 and $463,411,967 respectively. See Note 4 for further discussion.