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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, 2020     0 24,943,383        
Balance at Dec. 31, 2020 $ 113,703,152 $ 113,603,652 $ 0 $ 249,389 $ 233,850,271 $ (131,355,978) $ 10,859,970 $ 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
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, 2021     2,400,000 24,947,883        
Balance at Dec. 31, 2021 169,375,500 [1] 169,276,000 $ 57,254,935 $ 249,434 233,833,749 (143,449,310) 21,387,192 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock (in shares)       27,277,269        
Issuance of common stock 83,468,443 83,468,443   $ 272,773 83,195,670      
Cost of issuing common stock (2,404,070) (2,404,070)     (2,404,070)      
Restricted stock compensation expense 4,638 4,638     4,638      
Net income 2,954,799 2,954,799         2,954,799  
Common stock dividends (3,133,509) (3,133,509)       (3,133,509)    
Preferred stock dividends (1,184,958) (1,184,958)       (1,184,958)    
Balance (in shares) at Mar. 31, 2022     2,400,000 52,225,152        
Balance at Mar. 31, 2022 $ 249,080,843 [1] $ 248,981,343 $ 57,254,935 $ 522,207 $ 314,629,987 $ (147,767,777) $ 24,341,991 $ 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, 2022 and December 31, 2021, assets of consolidated VIEs totaled $1,002,685,982 and $1,003,896,995, respectively and the liabilities of consolidated VIEs totaled $828,126,768 and $827,390,435 respectively. See Note 4 for further discussion.