Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Equity

v3.20.2
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 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, 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 loss (5,728,233)        
Ending balance (in shares) at Sep. 30, 2019   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 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 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      
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 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 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      
Ending balance at Mar. 31, 2020 $ 302,401,783 $ 13,652 125,270,350 348,719,125 (171,601,344)
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 loss $ (303,395,899)        
Ending balance (in shares) at Sep. 30, 2020 13,651,521 13,651,521      
Ending balance at Sep. 30, 2020 $ 155,063,756 $ 13,652 125,270,350 342,734,629 (312,954,875)
Beginning balance (in shares) at Mar. 31, 2020   13,651,521      
Beginning balance at Mar. 31, 2020 302,401,783 $ 13,652 125,270,350 348,719,125 (171,601,344)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss (137,434,433)       (137,434,433)
Series A preferred stock dividends (2,309,672)     (2,309,672)  
Common stock dividends (682,576)     (682,576)  
Ending balance (in shares) at Jun. 30, 2020   13,651,521      
Ending balance at Jun. 30, 2020 161,975,102 $ 13,652 125,270,350 345,726,877 (309,035,777)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss (3,919,098)       (3,919,098)
Series A preferred stock dividends (2,309,672)     (2,309,672)  
Common stock dividends $ (682,576)     (682,576)  
Ending balance (in shares) at Sep. 30, 2020 13,651,521 13,651,521      
Ending balance at Sep. 30, 2020 $ 155,063,756 $ 13,652 $ 125,270,350 $ 342,734,629 $ (312,954,875)
[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] 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.