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10. SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

The Company evaluated events occurring after the date of the accompanying condensed balance sheets through the date the financial statements were issued and has identified the following subsequent events that it believes require disclosure.

 

In July 2016, the Company issued 5,909 Series A Shares, 7,977 Series C Shares and 25,918 shares of its common stock in payment of accrued preferred dividends.