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Consolidated Statements of Shareholders' Equity - USD ($)
Common Stock [Member]
Preferred Stock Series A [Member]
Series B Cumulative Redeemable Preferred Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Undistributed Income (Accumulated Deficit) [Member]
Total
Balance at Dec. 31, 2013 $ 2,076,989 $ 91,595,000 $ 0 $ 96,504,643 $ 1,076,898 $ (667,793) $ 190,585,737
Balance, shares at Dec. 31, 2013 20,769,892            
Common Stock Issued with the DRIP $ 355,419 [1] 0 [1] 0 [1] 32,436,820 [1] 0 [1] 0 32,792,239 [1]
Common Stock Issued with the DRIP, shares [1] 3,554,191            
Common Stock Issued through Restricted Stock Awards $ 2,500 0 0 (2,500) 0 0 0
Common Stock Issued through Restricted Stock Awards, shares 25,000            
Common Stock Issued through Stock Options $ 2,300 0 0 165,160 0 0 $ 167,460
Common Stock Issued through Stock Options, shares 23,000           (23,000)
Distributions $ 0 0 0 (19,604,613) 0 (4,237,803) $ (23,842,416)
Stock Compensation Expense 0 0 0 922,944 0 0 922,944
Net Income 0 0 0 0 0 4,237,803 4,237,803
Unrealized Net Holding Gain on Securities Available for Sale Net of Reclassification Adjustment 0 0 0 0 3,963,183 0 3,963,183
Interest Rate Swaps 0 0 0 0 155 0 155
Balance at Dec. 31, 2014 $ 2,437,208 91,595,000 0 110,422,454 5,040,236 (667,793) 208,827,105
Balance, shares at Dec. 31, 2014 24,372,083            
Common Stock Issued with the DRIP [1] $ 265,726 0 0 24,334,092 0 0 24,599,818
Common Stock Issued with the DRIP, shares [1] 2,657,255            
Common Stock Issued through Restricted Stock Awards $ 3,500 0 0 (3,500) 0 0 0
Common Stock Issued through Restricted Stock Awards, shares 35,000            
Common Stock Issued through Stock Options $ 2,250 0 0 167,825 0 0 $ 170,075
Common Stock Issued through Stock Options, shares 22,500           (22,500)
Preferred Stock Issued through Direct Placement, net $ 0 0 45,030,000 (1,987,876) 0 0 $ 43,042,124
Distributions 0 0 0 (24,159,503) 0 (2,144,205) (26,303,708)
Stock Compensation Expense 0 0 0 855,768 0 0 855,768
Net Income 0 0 0 0 0 2,144,205 2,144,205
Unrealized Net Holding Gain on Securities Available for Sale Net of Reclassification Adjustment 0 0 0 0 (7,134,947) 0 (7,134,947)
Interest Rate Swaps 0 0 0 0 37,985 0 37,985
Balance at Dec. 31, 2015 $ 2,708,684 91,595,000 45,030,000 109,629,260 (2,056,726) (667,793) 246,238,425
Balance, shares at Dec. 31, 2015 27,086,838            
Common Stock Issued with the DRIP [1] $ 196,613 0 0 22,204,332 0 0 22,400,945
Common Stock Issued with the DRIP, shares [1] 1,966,133            
Common Stock Issued through Restricted Stock Awards $ 6,050 0 0 (6,050) 0 0 0
Common Stock Issued through Restricted Stock Awards, shares 60,500            
Common Stock Issued through Stock Options $ 27,750 0 0 2,457,310 0 0 $ 2,485,060
Common Stock Issued through Stock Options, shares 277,500           (277,500)
Cancellation of Shares Due to Restricted Stock Forfeitures $ (216) 0 0 216 0 0 $ 0
Cancellation of Shares Due to Restricted Stock Forfeitures, shares (2,160)            
Preferred Stock Issued through Direct Placement, net $ 0 0 50,000,000 (879,147) 0 0 49,120,853
Distributions 0 0 0 (23,047,908) 0 (11,534,559) (34,582,467)
Stock Compensation Expense 0 0 0 1,064,678 0 0 1,064,678
Net Income 0 0 0 0 0 11,534,559 11,534,559
Unrealized Net Holding Gain on Securities Available for Sale Net of Reclassification Adjustment 0 0 0 0 18,772,197 0 18,772,197
Interest Rate Swaps 0 0 0 0 (2,283) 0 (2,283)
Balance at Dec. 31, 2016 $ 2,938,881 $ 91,595,000 $ 95,030,000 $ 111,422,691 $ 16,713,188 $ (667,793) $ 317,031,967
Balance, shares at Dec. 31, 2016 29,388,811            
[1] Dividend Reinvestment and Stock Purchase Plan.