Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Equity

v3.20.1
Consolidated Statements of Equity - USD ($)
Total
Capital Stock
Preferred Stock
Additional Paid-in Capital
Retained Earnings (Deficit)
Beginning balance (in shares) at Dec. 31, 2018   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)     0 (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, 2019 13,638,916 13,638,916      
Beginning balance at Dec. 31, 2019 $ 476,739,439 $ 13,639 125,493,175 360,844,497 (9,611,872)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (162,042,368)       (162,042,368)
Series A preferred stock dividends (2,313,780)     (2,313,780)  
Preferred stock repurchases [2] (161,997)   (222,825) 7,932 52,896
Common stock dividends (10,238,640)     (10,238,640)  
Common stock issued upon exchange of convertible notes (in shares)   12,605      
Common stock issued upon exchange of convertible notes $ 419,129 $ 13   419,116  
Ending balance (in shares) at Mar. 31, 2020 13,651,521 13,651,521      
Ending balance at Mar. 31, 2020 $ 302,401,783 $ 13,652 $ 125,270,350 $ 348,719,125 $ (171,601,344)
[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.
[2] (1) In connection with the repurchase of Series A Preferred Stock during 2020, the deduction from preferred dividends of $52,896 represents the discount in the repurchase price paid compared to the carrying amount derecognized.