Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF EQUITY

v3.23.3
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 (8,966,821)             (11,394,457)   2,427,636
Series A preferred stock dividends (7,164,390)           (7,164,390)      
Common stock dividends (2,245,733)           (2,245,733)      
Reinvestment of dividends paid to common stockholders (in shares)         221,362          
Reinvestment of dividends paid to common stockholders 601,184       $ 221   600,963      
Common Stock, accrued dividend equivalent (34,145)           (34,145)      
Crimson dividends on Class A-1 units (2,427,636)                 (2,427,636)
Stock-based compensation (in shares)         62,365          
Stock-based compensation, net of forfeitures 384,383       $ 63   336,619     47,701
Ending balance (in shares) at Sep. 30, 2022         15,176,911 683,761        
Ending balance at Sep. 30, 2022 243,778,365     129,525,675 $ 15,177 $ 684 329,796,049 (332,423,037)   116,863,817
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2016-13                  
Beginning balance (in shares) at Jun. 30, 2022         15,060,857 683,761        
Beginning balance at Jun. 30, 2022 $ 262,833,595     129,525,675 $ 15,060 $ 684 332,588,181 (316,112,121)   116,816,116
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net (loss) income (15,501,704)             (16,310,916)   809,212
Series A preferred stock dividends (2,388,130)           (2,388,130)      
Common stock dividends (753,043)           (753,043)      
Reinvestment of dividends paid to common stockholders (in shares)         84,606          
Reinvestment of dividends paid to common stockholders 197,980       $ 85   197,895      
Common Stock, accrued dividend equivalent (34,145)           (34,145)      
Crimson dividends on Class A-1 units (809,212)                 (809,212)
Stock-based compensation (in shares)         31,448          
Stock-based compensation, net of forfeitures 233,024       $ 32   185,291     47,701
Ending balance (in shares) at Sep. 30, 2022         15,176,911 683,761        
Ending balance at Sep. 30, 2022 243,778,365     129,525,675 $ 15,177 $ 684 329,796,049 (332,423,037)   116,863,817
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 (10,678,019)             (13,105,655)   2,427,636
Shares issued on RSU vesting, net of shares withheld for taxes (in shares)         99,875          
Shares issued on RSU vesting, net of shares withheld for taxes (59,944)       $ 100   (60,044)      
Crimson dividends on Class A-1 units (2,400,000)                  
Stock-based compensation, net of forfeitures 203,213           203,213      
Common stock, accrued dividend equivalent forfeiture 23,619           23,619      
Ending balance (in shares) at Sep. 30, 2023     683,761   15,353,833 683,761        
Ending balance at Sep. 30, 2023 229,105,386     129,525,675 $ 15,354 $ 684 327,183,361 (346,940,752)   119,321,064
Beginning balance (in shares) at Jun. 30, 2023         15,350,883 683,761        
Beginning balance at Jun. 30, 2023 233,307,113     129,525,675 $ 15,351 $ 684 327,074,755 (341,821,204)   118,511,852
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net (loss) income (4,310,336)             (5,119,548)   809,212
Shares issued on RSU vesting, net of shares withheld for taxes (in shares)         2,950          
Shares issued on RSU vesting, net of shares withheld for taxes (2,260)       $ 3   (2,263)      
Crimson dividends on Class A-1 units (809,000)                  
Stock-based compensation, net of forfeitures 110,869           110,869      
Ending balance (in shares) at Sep. 30, 2023     683,761   15,353,833 683,761        
Ending balance at Sep. 30, 2023 $ 229,105,386     $ 129,525,675 $ 15,354 $ 684 $ 327,183,361 $ (346,940,752)   $ 119,321,064