Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Equity

v3.19.3
Consolidated Statement of Equity - USD ($)
Total
Capital Stock
Preferred Stock
Additional Paid-in Capital
Retained Earnings
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 (loss) 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 (loss) 23,215,881        
Ending balance (in shares) at Sep. 30, 2018   11,949,298      
Ending balance at Sep. 30, 2018 449,753,608 $ 11,949 130,000,000 319,741,659 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 (loss) 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 7,697,324       7,697,324
Series A preferred stock dividends (2,396,875)       (2,396,875)
Common stock dividends (8,950,931)     (3,650,482) (5,300,449)
Common stock issued under director's compensation plan (in shares)   801      
Common stock issued under director's compensation plan 30,000 $ 1   29,999  
Common stock issued upon conversion of convertible notes (in shares)   1,271      
Common stock issued upon conversion of convertible notes 42,654 $ 1   42,653  
Reinvestment of dividends paid to common stockholders (in shares)   13,452      
Reinvestment of dividends paid to common stockholders 503,508 $ 13   503,495  
Ending balance (in shares) at Sep. 30, 2018   11,949,298      
Ending balance at Sep. 30, 2018 $ 449,753,608 $ 11,949 130,000,000 319,741,659 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 (loss) 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 exchange of convertible notes (in shares)   837,040      
Common stock issued upon exchange 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 (loss) $ (5,728,233)        
Ending balance (in shares) at Sep. 30, 2019 13,534,856 13,534,856      
Ending balance at Sep. 30, 2019 $ 475,971,448 $ 13,535 125,493,175 369,884,338 (19,419,600)
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 (loss) 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      
Ending balance at Jun. 30, 2019 474,671,901 $ 12,826 125,493,175 349,165,900 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (19,419,600)       (19,419,600)
Series A preferred stock dividends (2,313,780)     (2,313,780)  
Common stock dividends (10,148,688)     (10,148,688)  
Common stock issued upon exchange of convertible notes (in shares)   703,432      
Common stock issued upon exchange of convertible notes 33,001,793 $ 703   33,001,090  
Common stock issued upon conversion of convertible notes (in shares)   5,393      
Common stock issued upon conversion of convertible notes $ 179,822 $ 6   179,816  
Ending balance (in shares) at Sep. 30, 2019 13,534,856 13,534,856      
Ending balance at Sep. 30, 2019 $ 475,971,448 $ 13,535 $ 125,493,175 $ 369,884,338 $ (19,419,600)
[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.