Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF EQUITY

v3.23.2
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
Total
Cumulative Effect, Period of Adoption, Adjustment
Class B Common Stock
Preferred Stock
Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Retained Deficit
Retained Deficit
Cumulative Effect, Period of Adoption, Adjustment
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2021         14,893,184 683,761        
Beginning balance at Dec. 31, 2021 $ 263,631,523     $ 129,525,675 $ 14,893 $ 684 $ 338,302,735 $ (321,028,580)   $ 116,816,116
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net (loss) income 6,534,883             4,916,459   1,618,424
Series A preferred stock dividends (4,776,260)           (4,776,260)      
Common stock dividends (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 dividends on Class A-1 units (1,618,424)                 (1,618,424)
Stock-based compensation (in shares)         30,917          
Stock-based compensation, net of forfeitures 151,359       $ 31   151,328      
Ending balance (in shares) at Jun. 30, 2022         15,060,857 683,761        
Ending balance at Jun. 30, 2022 $ 262,833,595     129,525,675 $ 15,060 $ 684 332,588,181 (316,112,121)   116,816,116
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2016-13                  
Beginning balance (in shares) at Dec. 31, 2021         14,893,184 683,761        
Beginning balance at Dec. 31, 2021 $ 263,631,523     129,525,675 $ 14,893 $ 684 338,302,735 (321,028,580)   116,816,116
Ending balance (in shares) at Dec. 31, 2022     683,761   15,253,958 683,761        
Ending balance at Dec. 31, 2022 239,666,517 $ (50,000)   129,525,675 $ 15,254 $ 684 327,016,573 (333,785,097) $ (50,000) 116,893,428
Beginning balance (in shares) at Mar. 31, 2022         14,960,628 683,761        
Beginning balance at Mar. 31, 2022 264,261,332     129,525,675 $ 14,960 $ 684 335,376,932 (317,473,035)   116,816,116
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net (loss) income 2,170,126             1,360,914   809,212
Series A preferred stock dividends (2,388,130)           (2,388,130)      
Common stock dividends (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 dividends on Class A-1 units (809,212)                 (809,212)
Stock-based compensation (in shares)         30,917          
Stock-based compensation, net of forfeitures 151,359       $ 31   151,328      
Ending balance (in shares) at Jun. 30, 2022         15,060,857 683,761        
Ending balance at Jun. 30, 2022 262,833,595     129,525,675 $ 15,060 $ 684 332,588,181 (316,112,121)   116,816,116
Beginning balance (in shares) at Dec. 31, 2022     683,761   15,253,958 683,761        
Beginning balance at Dec. 31, 2022 239,666,517 $ (50,000)   129,525,675 $ 15,254 $ 684 327,016,573 (333,785,097) $ (50,000) 116,893,428
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net (loss) income (6,367,683)             (7,986,107)   1,618,424
Shares issued on RSU vesting, net of shares withheld for taxes (in shares)         96,925          
Shares issued on RSU vesting, net of shares withheld for taxes (57,684)       $ 97   (57,781)      
Crimson dividends on Class A-1 units (1,600,000)                  
Stock-based compensation, net of forfeitures 92,344           92,344      
Common stock, accrued dividend equivalent forfeiture 23,619           23,619      
Ending balance (in shares) at Jun. 30, 2023     683,761   15,350,883 683,761        
Ending balance at Jun. 30, 2023 233,307,113     129,525,675 $ 15,351 $ 684 327,074,755 (341,821,204)   118,511,852
Beginning balance (in shares) at Mar. 31, 2023         15,350,883 683,761        
Beginning balance at Mar. 31, 2023 236,348,126     129,525,675 $ 15,351 $ 684 326,948,418 (337,844,642)   117,702,640
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net (loss) income (3,167,350)             (3,976,562)   809,212
Crimson dividends on Class A-1 units (809,000)                  
Stock-based compensation, net of forfeitures 102,718           102,718      
Common stock, accrued dividend equivalent forfeiture 23,619           23,619      
Ending balance (in shares) at Jun. 30, 2023     683,761   15,350,883 683,761        
Ending balance at Jun. 30, 2023 $ 233,307,113     $ 129,525,675 $ 15,351 $ 684 $ 327,074,755 $ (341,821,204)   $ 118,511,852