Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.19.3
Fair Value (Tables)
 9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Carrying and Fair Value Amounts
Carrying and Fair Value Amounts
 
Level within fair value hierarchy
 
September 30, 2019
 
December 31, 2018
 
 
Carrying
    Amount (1)
 
Fair Value
 
Carrying
    Amount (1)
 
Fair Value
Financial Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
Level 1
 
$
120,430,110

 
$
120,430,110

 
$
69,287,177

 
$
69,287,177

Financing notes receivable (Note 5)
Level 3
 
$
1,267,500

 
$
1,267,500

 
$
1,300,000

 
$
1,300,000

Financial Liabilities:
 
 
 
 
 
 
 
 
Secured credit facilities
Level 2
 
$
34,654,725

 
$
34,654,725

 
$
37,261,109

 
$
37,261,109

7.00% Unsecured Convertible Senior Notes
Level 1
 
$
5,497,251

 
$
7,937,160

 
$
112,777,271

 
$
119,378,982

5.875% Unsecured Convertible Senior Notes
Level 2
 
$
116,086,037

 
$
126,430,800

 
$
—

 
$
—

(1) The carrying value of debt balances are presented net of unamortized original issuance discount and debt issuance costs.