Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Equity

v3.21.1
Consolidated Statements of Equity - USD ($)
Total
Capital Stock
Preferred Stock
Additional Paid-in Capital
Retained Deficit
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2019   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 [1] (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, 2020 13,651,521 13,651,521        
Beginning balance at Dec. 31, 2020 $ 149,399,827 $ 13,652 125,270,350 339,742,380 (315,626,555) $ 0
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)    
Common stock dividends (682,576)     (682,576)    
Equity attributable to non-controlling interest (Note 3) $ 115,323,036          
Ending balance (in shares) at Mar. 31, 2021 13,651,521 13,651,521        
Ending balance at Mar. 31, 2021 $ 251,036,352 $ 13,652 $ 125,270,350 $ 336,750,132 $ (327,926,126) $ 116,928,344
[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..