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Consolidated Statements 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]                
Issuance of common stock (in shares)       4,500        
Issuance of common stock 11,700 11,700   $ 45 11,655      
Cost of issuing common stock (32,085) (32,085)     (32,085)      
Issuance of preferred stock, net (in shares)     2,400,000          
Issuance of preferred stock, net 57,254,935 57,254,935 $ 57,254,935          
Restricted stock compensation expense 3,908 3,908     3,908      
Net income 10,527,222 10,527,222         10,527,222  
Common dividends declared (8,980,832) (8,980,832)       (8,980,832)    
Preferred dividends declared (3,112,500) (3,112,500)       (3,112,500)    
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)       27,283,269        
Issuance of common stock 83,487,253 83,487,253   $ 272,818 83,214,435      
Cost of issuing common stock (2,446,970) (2,446,970)     (2,446,970)      
Restricted stock compensation expense (2,830) (2,830)     (2,830)      
Net income 9,863,660 9,863,660         9,863,660  
Common dividends declared (12,535,116) (12,535,116)       (12,535,116)    
Preferred dividends declared (4,740,000) (4,740,000)       (4,740,000)    
Balance (in shares) at Dec. 31, 2022     2,400,000 52,231,152        
Balance at Dec. 31, 2022 $ 243,001,497 [1] $ 242,901,997 $ 57,254,935 $ 522,252 $ 314,598,384 $ (160,724,426) $ 31,250,852 $ 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 December 31, 2022 and December 31, 2021, assets of the consolidated VIEs totaled $1,005,507,371 and $1,003,896,995, respectively and the liabilities of consolidated VIEs totaled $831,575,144 and $827,390,435, respectively.