Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.20.1
Fair Value (Tables)
 3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Carrying and Fair Value Amounts
Carrying and Fair Value Amounts
 
Level within fair value hierarchy
 
March 31, 2020
 
December 31, 2019
 
 
Carrying
    Amount (1)
 
Fair Value
 
Carrying
    Amount (1)
 
Fair Value
Financial Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
Level 1
 
$
119,054,407

 
$
119,054,407

 
$
120,863,643

 
$
120,863,643

Financing notes receivable (Note 5)
Level 3
 
1,202,500

 
1,202,500

 
1,235,000

 
1,235,000

Financial Liabilities:
 
 
 
 
 
 
 
 
Secured credit facilities
Level 2
 
$
32,917,135

 
$
32,917,135

 
$
33,785,930

 
$
33,785,930

7.00% Unsecured Convertible Senior Notes
Level 1
 
1,672,445

 
1,193,228

 
2,084,178

 
2,820,832

5.875% Unsecured Convertible Senior Notes
Level 2
 
116,406,460

 
96,336,000

 
116,239,318

 
122,508,000

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