Consolidated Statements of Equity - USD ($)
|
Total |
Class B Common Stock |
Series A Cumulative Redeemable Preferred Stock |
Common Stock |
Common Stock
Class B Common Stock
|
Additional Paid-in Capital |
Retained Deficit |
Non-controlling Interest |
| Beginning balance at Dec. 31, 2020 |
$ 149,399,827
|
|
$ 125,270,350
|
$ 13,652
|
|
$ 339,742,380
|
$ (315,626,555)
|
$ 0
|
| Beginning balance (in shares) at Dec. 31, 2020 |
|
|
|
13,651,521
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income (loss) |
(10,694,263)
|
|
|
|
|
|
(12,299,571)
|
1,605,308
|
| Series A preferred stock dividends |
(2,309,672)
|
|
|
|
|
(2,309,672)
|
|
|
| Adjustments to APIC, dividends in excess of retained earnings |
|
|
|
|
|
(682,576)
|
|
|
| Common Stock dividends |
(682,576)
|
|
|
|
|
|
|
|
| Equity attributable to non-controlling interest (Note 3) |
115,323,036
|
|
|
|
|
|
|
115,323,036
|
| Ending balance at Mar. 31, 2021 |
251,036,352
|
|
125,270,350
|
$ 13,652
|
|
336,750,132
|
(327,926,126)
|
116,928,344
|
| Ending balance (in shares) at Mar. 31, 2021 |
|
|
|
13,651,521
|
|
|
|
|
| Beginning balance at Dec. 31, 2020 |
149,399,827
|
|
125,270,350
|
$ 13,652
|
|
339,742,380
|
(315,626,555)
|
0
|
| Beginning balance (in shares) at Dec. 31, 2020 |
|
|
|
13,651,521
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income (loss) |
(8,266,854)
|
|
|
|
|
|
(11,887,032)
|
3,620,178
|
| Series A preferred stock dividends |
(4,619,344)
|
|
|
|
|
(4,619,344)
|
|
|
| Adjustments to APIC, dividends in excess of retained earnings |
|
|
|
|
|
(1,365,152)
|
|
|
| Common Stock dividends |
(1,365,152)
|
|
|
|
|
|
|
|
| Reinvestment of dividends paid to common stockholders (in shares) |
|
|
|
21,805
|
|
|
|
|
| Reinvestment of dividends paid to common stockholders |
132,795
|
|
|
$ 21
|
|
132,774
|
|
|
| Crimson cash distribution on A-1 Units |
(604,951)
|
|
|
|
|
|
|
(604,951)
|
| Crimson A-2 Units dividends payment in kind |
(406,000)
|
|
|
|
|
|
|
(406,000)
|
| Equity attributable to non-controlling interest |
116,611,762
|
|
|
|
|
|
|
116,611,762
|
| Ending balance at Jun. 30, 2021 |
250,882,083
|
|
125,270,350
|
$ 13,673
|
|
333,890,658
|
(327,513,587)
|
119,220,989
|
| Ending balance (in shares) at Jun. 30, 2021 |
|
|
|
13,673,326
|
|
|
|
|
| Beginning balance at Mar. 31, 2021 |
251,036,352
|
|
125,270,350
|
$ 13,652
|
|
336,750,132
|
(327,926,126)
|
116,928,344
|
| Beginning balance (in shares) at Mar. 31, 2021 |
|
|
|
13,651,521
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income (loss) |
2,427,409
|
|
|
|
|
|
412,539
|
2,014,870
|
| Series A preferred stock dividends |
(2,309,672)
|
|
|
|
|
(2,309,672)
|
|
|
| Adjustments to APIC, dividends in excess of retained earnings |
|
|
|
|
|
(682,576)
|
|
|
| Common Stock dividends |
(682,576)
|
|
|
|
|
|
|
|
| Reinvestment of dividends paid to common stockholders (in shares) |
|
|
|
21,805
|
|
|
|
|
| Reinvestment of dividends paid to common stockholders |
132,795
|
|
|
$ 21
|
|
132,774
|
|
|
| Crimson cash distribution on A-1 Units |
(604,951)
|
|
|
|
|
|
|
(604,951)
|
| Crimson A-2 Units dividends payment in kind |
(406,000)
|
|
|
|
|
|
|
(406,000)
|
| Equity attributable to non-controlling interest |
1,288,726
|
|
|
|
|
|
|
1,288,726
|
| Ending balance at Jun. 30, 2021 |
250,882,083
|
|
125,270,350
|
$ 13,673
|
|
333,890,658
|
(327,513,587)
|
119,220,989
|
| Ending balance (in shares) at Jun. 30, 2021 |
|
|
|
13,673,326
|
|
|
|
|
| Beginning balance at Dec. 31, 2021 |
263,631,523
|
|
129,525,675
|
$ 14,893
|
$ 684
|
338,302,735
|
(327,157,636)
|
122,945,172
|
| Beginning balance (in shares) at Dec. 31, 2021 |
|
683,761
|
|
14,893,184
|
683,761
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income (loss) |
4,364,757
|
|
|
|
|
|
2,304,463
|
2,060,294
|
| Series A preferred stock dividends |
(2,388,130)
|
|
|
|
|
(2,388,130)
|
|
|
| Adjustments to APIC, dividends in excess of retained earnings |
(744,659)
|
|
|
|
|
(744,659)
|
|
|
| Reinvestment of dividends paid to common stockholders (in shares) |
|
|
|
67,444
|
|
|
|
|
| Reinvestment of dividends paid to common stockholders |
207,053
|
|
|
$ 67
|
|
206,986
|
|
|
| Crimson cash distribution on A-1 Units |
(809,212)
|
|
|
|
|
|
|
(809,212)
|
| Ending balance at Mar. 31, 2022 |
264,261,332
|
|
129,525,675
|
$ 14,960
|
$ 684
|
335,376,932
|
(324,853,173)
|
124,196,254
|
| Ending balance (in shares) at Mar. 31, 2022 |
|
|
|
14,960,628
|
683,761
|
|
|
|
| Beginning balance at Dec. 31, 2021 |
263,631,523
|
|
129,525,675
|
$ 14,893
|
$ 684
|
338,302,735
|
(327,157,636)
|
122,945,172
|
| Beginning balance (in shares) at Dec. 31, 2021 |
|
683,761
|
|
14,893,184
|
683,761
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income (loss) |
6,534,883
|
|
|
|
|
|
3,507,918
|
3,026,965
|
| Series A preferred stock dividends |
(4,776,260)
|
|
|
|
|
(4,776,260)
|
|
|
| Adjustments to APIC, dividends in excess of retained earnings |
(1,492,690)
|
|
|
|
|
(1,492,690)
|
|
|
| Reinvestment of dividends paid to common stockholders (in shares) |
|
|
|
136,756
|
|
|
|
|
| Reinvestment of dividends paid to common stockholders |
403,204
|
|
|
$ 136
|
|
403,068
|
|
|
| Crimson cash distribution on A-1 Units |
(1,618,424)
|
|
|
|
|
|
|
(1,618,424)
|
| Stock-based compensation (in shares) |
|
|
|
30,917
|
|
|
|
|
| Stock-based compensation |
151,359
|
|
|
$ 31
|
|
151,328
|
|
|
| Crimson A-2 Units dividends payment in kind |
0
|
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2022 |
262,833,595
|
|
129,525,675
|
$ 15,060
|
$ 684
|
332,588,181
|
(323,649,718)
|
124,353,713
|
| Ending balance (in shares) at Jun. 30, 2022 |
|
683,761
|
|
15,060,857
|
683,761
|
|
|
|
| Beginning balance at Mar. 31, 2022 |
264,261,332
|
|
129,525,675
|
$ 14,960
|
$ 684
|
335,376,932
|
(324,853,173)
|
124,196,254
|
| Beginning balance (in shares) at Mar. 31, 2022 |
|
|
|
14,960,628
|
683,761
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income (loss) |
2,170,126
|
|
|
|
|
|
1,203,455
|
966,671
|
| Series A preferred stock dividends |
(2,388,130)
|
|
|
|
|
(2,388,130)
|
|
|
| Adjustments to APIC, dividends in excess of retained earnings |
(748,031)
|
|
|
|
|
(748,031)
|
|
|
| Reinvestment of dividends paid to common stockholders (in shares) |
|
|
|
69,312
|
|
|
|
|
| Reinvestment of dividends paid to common stockholders |
196,151
|
|
|
$ 69
|
|
196,082
|
|
|
| Crimson cash distribution on A-1 Units |
(809,212)
|
|
|
|
|
|
|
(809,212)
|
| Stock-based compensation (in shares) |
|
|
|
30,917
|
|
|
|
|
| Stock-based compensation |
151,359
|
|
|
$ 31
|
|
151,328
|
|
|
| Ending balance at Jun. 30, 2022 |
$ 262,833,595
|
|
$ 129,525,675
|
$ 15,060
|
$ 684
|
$ 332,588,181
|
$ (323,649,718)
|
$ 124,353,713
|
| Ending balance (in shares) at Jun. 30, 2022 |
|
683,761
|
|
15,060,857
|
683,761
|
|
|
|