Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF EQUITY

v3.24.1.1.u2
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Class B
Series A, Internalization
Common Stock, Internalization
Class B Common Stock, Internalization
Preferred Stock
Preferred Stock
Series A, Internalization
Common Stock
Common Stock
Common Class B
Common Stock
Common Stock, Internalization
Common Stock
Class B Common Stock, Internalization
Additional Paid-in Capital
Additional Paid-in Capital
Series A, Internalization
Additional Paid-in Capital
Common Stock, Internalization
Additional Paid-in Capital
Class B Common Stock, Internalization
Retained Deficit
Retained Deficit
Cumulative Effect, Period of Adoption, Adjustment
Non-Controlling Interest
Beginning balance at Dec. 31, 2020 $ 149,399,827           $ 125,270,350   $ 13,652 $ 0     $ 339,742,380       $ (315,626,555)   $ 0
Beginning balance (in shares) at Dec. 31, 2020                 13,651,521 0                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                      
Net income (loss) (2,535,558)                               (5,402,025)   2,866,467
Equity attributable to non-controlling interest 116,816,115                                   116,816,115
Series A preferred stock dividends (9,395,604)                       (9,395,604)            
Common Stock dividends (2,850,026)                       (2,850,026)            
Reinvestment of dividends paid to common stockholders (in shares)                 84,418                    
Reinvestment of dividends paid to common stockholders 410,580               $ 84       410,496            
Common Stock issued under director's compensation plan (in shares)                 3,399                    
Common Stock issued under director's compensation plan 22,500               $ 3       22,497            
Crimson cash distribution on Class A-1 Units (2,256,113)                                   (2,256,113)
Crimson Class A-2 Units dividends payment in kind (610,353)                                   (610,353)
Stock issued due to internalized transaction       $ 4,245,112 $ 7,096,153 $ 3,288,890   $ 4,255,325     $ 1,154 $ 684   $ (10,213) $ 7,094,999 $ 3,288,206      
Stock issued, internalization transaction (in shares)                     1,153,846 683,761              
Ending balance (in shares) at Dec. 31, 2021                 14,893,184 683,761                  
Ending 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 income (loss) (9,519,669)                               (12,756,517)   3,236,848
Series A preferred stock dividends (9,552,519)                       (9,552,519)            
Common Stock dividends (3,004,579)                       (3,004,579)            
Reinvestment of dividends paid to common stockholders (in shares)                 279,957                    
Reinvestment of dividends paid to common stockholders 803,923               $ 280       803,643            
Common Stock, accrued dividend equivalent (67,431)                       (67,431)            
Common Stock issued under director's compensation plan (in shares)                 80,817                    
Crimson cash distribution on Class A-1 Units (3,236,848)                                   (3,236,848)
Crimson Class A-2 Units dividends payment in kind 0                                    
Stock issued due to internalized transaction       0 0 0                          
Stock-based compensation, net of forfeitures 612,117               $ 81       534,724           77,312
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 List] Accounting Standards Update 2016-13                                    
Net income (loss) $ (272,830,090)                               (276,066,938)   3,236,848
Crimson cash distribution on Class A-1 Units (3,200,000)                                    
Crimson Class A-2 Units dividends payment in kind 0                                    
Stock issued due to internalized transaction       $ 0 $ 0 $ 0                          
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)            
Stock-based compensation, net of forfeitures 304,859                       304,859            
Common Stock, accrued dividend equivalent forfeiture 23,619                       23,619            
Ending balance (in shares) at Dec. 31, 2023     683,761           15,353,833 683,761                  
Ending balance at Dec. 31, 2023 $ (32,945,039)           $ 129,525,675   $ 15,354 $ 684     $ 327,285,007       $ (609,902,035)   $ 120,130,276