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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, 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]                
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 169,161,542 169,062,042 $ 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      
Issuance of preferred stock, net (in shares)     2,400,000          
Issuance of preferred stock, net 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)      
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 169,161,542 169,062,042 $ 57,258,435 $ 249,434 233,849,892 (140,019,042) 17,723,323 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 249,080,843 248,981,343 $ 57,254,935 $ 522,207 314,629,987 (147,767,777) 24,341,991 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]                
Net income 7,798,926              
Common stock dividends (9,401,247)              
Preferred stock dividends (3,555,042)              
Balance (in shares) at Sep. 30, 2022     2,400,000 52,231,152        
Balance at Sep. 30, 2022 245,266,509 [1] 245,167,009 $ 57,254,935 $ 522,252 314,609,303 (156,405,599) 29,186,118 99,500
Balance (in shares) at Mar. 31, 2022     2,400,000 52,225,152        
Balance at Mar. 31, 2022 249,080,843 248,981,343 $ 57,254,935 $ 522,207 314,629,987 (147,767,777) 24,341,991 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock (in shares)       6,000        
Issuance of common stock 18,810 18,810   $ 45 18,765      
Cost of issuing common stock (14,196) (14,196)     (14,196)      
Restricted stock compensation expense (14,334) (14,334)     (14,334)      
Net income 3,343,852 3,343,852         3,343,852  
Common stock dividends (3,133,869) (3,133,869)       (3,133,869)    
Preferred stock dividends (1,185,042) (1,185,042)       (1,185,042)    
Balance (in shares) at Jun. 30, 2022     2,400,000 52,231,152        
Balance at Jun. 30, 2022 248,096,064 247,996,564 $ 57,254,935 $ 522,252 314,620,222 (152,086,688) 27,685,843 99,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock 0              
Cost of issuing common stock (14,352) (14,352)     (14,352)      
Restricted stock compensation expense 3,433 3,433     3,433      
Net income 1,500,275 1,500,275         1,500,275  
Common stock dividends (3,133,869) (3,133,869)       (3,133,869)    
Preferred stock dividends (1,185,042) (1,185,042)       (1,185,042)    
Balance (in shares) at Sep. 30, 2022     2,400,000 52,231,152        
Balance at Sep. 30, 2022 $ 245,266,509 [1] $ 245,167,009 $ 57,254,935 $ 522,252 $ 314,609,303 $ (156,405,599) $ 29,186,118 $ 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, 2022 and December 31, 2021, assets of consolidated VIEs totaled $1,004,040,687 and $1,003,896,995, respectively and the liabilities of consolidated VIEs totaled $830,248,911 and $827,390,435 respectively. See Note 4 for further discussion.