Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Equity

v3.19.1
Consolidated Statement of Equity - 3 months ended Mar. 31, 2019 - USD ($)
Total
Capital Stock [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Beginning balance (in shares) at Dec. 31, 2018 11,960,225 11,960,225      
Beginning balance at Dec. 31, 2018 $ 455,011,305 $ 11,960 $ 125,555,675 $ 320,295,969 $ 9,147,701
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 3,866,441       3,866,441
Series A preferred stock dividends (2,313,780)       (2,313,780)
Preferred stock repurchases [1] (60,550)   (62,500) 2,195 (245)
Common stock dividends (9,597,948)       (9,597,948)
Common stock issued upon exchange of convertible notes (in shares)   837,040      
Common stock issued upon exchange of convertible notes 28,869,509 $ 837   28,868,672  
Reinvestment of dividends paid to common stockholders (in shares)   11,076      
Reinvestment of dividends paid to common stockholders 403,831 $ 11   403,820  
Ending balance at Mar. 31, 2019 $ 476,178,808 $ 12,808 $ 125,493,175 $ 349,570,656 $ 1,102,169
Ending balance (in shares) at Mar. 31, 2019 12,808,341 12,808,341      
[1] (1) In connection with the repurchases of Series A Preferred Stock during 2019, the addition to preferred dividends of $245 represents the premium in the repurchase price paid compared to the carrying amount derecognized.