Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Equity

v3.19.2
Consolidated Statement of Equity - USD ($)
Total
Capital Stock [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Beginning balance (in shares) at Dec. 31, 2017   11,915,830      
Beginning balance at Dec. 31, 2017 $ 461,785,632 $ 11,916 $ 130,000,000 $ 331,773,716 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 7,707,708       7,707,708
Series A preferred stock dividends (2,396,875)       (2,396,875)
Common stock dividends (8,936,872)     (3,626,039) (5,310,833)
Reinvestment of dividends paid to common stockholders (in shares)   8,648      
Reinvestment of dividends paid to common stockholders 310,204 $ 9   310,195  
Ending balance (in shares) at Mar. 31, 2018   11,924,478      
Ending balance at Mar. 31, 2018 456,020,552 $ 11,925 130,000,000 326,008,627 0
Beginning balance (in shares) at Dec. 31, 2017   11,915,830      
Beginning balance at Dec. 31, 2017 461,785,632 $ 11,916 130,000,000 331,773,716 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 15,518,557        
Ending balance (in shares) at Jun. 30, 2018   11,933,774      
Ending balance at Jun. 30, 2018 452,827,928 $ 11,934 130,000,000 322,815,994 0
Beginning balance (in shares) at Mar. 31, 2018   11,924,478      
Beginning balance at Mar. 31, 2018 456,020,552 $ 11,925 130,000,000 326,008,627 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 7,810,849       7,810,849
Series A preferred stock dividends (2,396,875)       (2,396,875)
Common stock dividends (8,944,113)     (3,530,139) (5,413,974)
Common stock issued under director's compensation plan (in shares)   1,006      
Common stock issued under director's compensation plan 37,500 $ 1   37,499  
Reinvestment of dividends paid to common stockholders (in shares)   8,290      
Reinvestment of dividends paid to common stockholders 300,015 $ 8   300,007  
Ending balance (in shares) at Jun. 30, 2018   11,933,774      
Ending balance at Jun. 30, 2018 $ 452,827,928 $ 11,934 130,000,000 322,815,994 0
Beginning balance (in shares) at Dec. 31, 2018 11,960,225 11,960,225      
Beginning balance at Dec. 31, 2018 $ 455,011,305 $ 11,960 125,555,675 320,295,969 9,147,701
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 3,866,441       3,866,441
Series A preferred stock dividends (2,313,780)       (2,313,780)
Preferred stock repurchases [1] (60,550)   (62,500) 2,195 (245)
Common stock dividends (9,597,948)       (9,597,948)
Common stock issued upon conversion of convertible notes (in shares)   837,040      
Common stock issued upon conversion of convertible notes 28,869,509 $ 837   28,868,672  
Reinvestment of dividends paid to common stockholders (in shares)   11,076      
Reinvestment of dividends paid to common stockholders 403,831 $ 11   403,820  
Ending balance (in shares) at Mar. 31, 2019   12,808,341      
Ending balance at Mar. 31, 2019 $ 476,178,808 $ 12,808 125,493,175 349,570,656 1,102,169
Beginning balance (in shares) at Dec. 31, 2018 11,960,225 11,960,225      
Beginning balance at Dec. 31, 2018 $ 455,011,305 $ 11,960 125,555,675 320,295,969 9,147,701
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income $ 13,691,367        
Ending balance (in shares) at Jun. 30, 2019 12,826,031 12,826,031      
Ending balance at Jun. 30, 2019 $ 474,671,901 $ 12,826 125,493,175 349,165,900 0
Beginning balance (in shares) at Mar. 31, 2019   12,808,341      
Beginning balance at Mar. 31, 2019 476,178,808 $ 12,808 125,493,175 349,570,656 1,102,169
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 9,824,926       9,824,926
Series A preferred stock dividends (2,313,780)       (2,313,780)
Common stock dividends (9,606,255)     (992,940) (8,613,315)
Common stock issued upon conversion of convertible notes (in shares)   17,690      
Common stock issued upon conversion of convertible notes $ 588,202 $ 18   588,184  
Ending balance (in shares) at Jun. 30, 2019 12,826,031 12,826,031      
Ending balance at Jun. 30, 2019 $ 474,671,901 $ 12,826 $ 125,493,175 $ 349,165,900 $ 0
[1] (1) In connection with the repurchases of Series A Preferred Stock during 2019, the addition to preferred dividends of $245 represents the premium in the repurchase price paid compared to the carrying amount derecognized.