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| | | | 30 | | | |
| | | | 58 | | | |
| | | | 59 | | | |
| | | | 59 | | | |
| | | | 60 | | |
Payment Date
|
| |
Amount
Per Share |
| |||
2020 | | | | | | | |
August 7
|
| | | $ | 0.12 | | |
January 27
|
| | | $ | 0.12 | | |
2019 | | | | | | | |
October 22 | | | | $ | 0.12 | | |
July 29
|
| | | $ | 0.12 | | |
April 18
|
| | | $ | 0.12 | | |
January 10*
|
| | | $ | 0.17 | | |
2018 | | | | | | | |
November 6
|
| | | $ | 0.12 | | |
July 27
|
| | | $ | 0.11 | | |
April 27**
|
| | | $ | 0.105 | | |
February 27***
|
| | | $ | 0.105 | | |
2017 | | | | | | | |
November 17
|
| | | $ | 0.105 | | |
July 27
|
| | | $ | 0.105 | | |
April 27
|
| | | $ | 0.05 | | |
| | |
June 30, 2020
(Unaudited) |
| |||||||||
| | |
Actual
|
| |
As adjusted
|
| ||||||
Assets | | | | | | | | | |||||
Cash | | | | $ | 4,647,973 | | | | | $ | | | |
Investments
|
| | | | 15,961,433 | | | | | | | | |
Total
|
| | | $ | 20,609,406 | | | | | $ | | | |
Indebtedness: | | | | ||||||||||
Mortgage payable
|
| | | $ | 775,901 | | | | | $ | | | |
Notes payable
|
| | | | 65,402 | | | | |||||
Other loans
|
| | | | 257,845 | | | | |||||
June 2024 and December 2024 Notes (net of deferred financing costs of $2,451,618)
|
| | | | 55,711,382 | | | | |||||
_____ 2025 Notes (net of deferred financing costs of $_____)
|
| | | | — | | | | | | | | |
Total indebtedness
|
| | | $ | 56,810,530 | | | | | $ | | | |
Equity: | | | | ||||||||||
Preferred shares – $.001 par value; 5,000,000 shares authorized; no shares issued
|
| | | | — | | | | | | — | | |
Common shares – $.001 par value; 100,000,000 shares authorized; 22,117,301 shares issued and outstanding, actual and as adjusted
|
| | | | 22,117 | | | | |||||
Paid-in capital
|
| | | | 83,806,169 | | | | |||||
Retained earnings
|
| | | | 584,288 | | | | | | | | |
Accumulated other comprehensive income (loss)
|
| | | | 35,189 | | | | | | | | |
Total shareholders’ equity
|
| | | | 84,447,763 | | | | | | | | |
Total capitalization
|
| | | $ | 141,258,293 | | | | | $ | | | |
Underwriter
|
| |
Principal
amount of notes |
| |||
Ladenburg Thalmann & Co. Inc.
|
| | | $ | | | |
Janney Montgomery Scott LLC
|
| | | | | | |
National Securities Corporation
|
| | | | | | |
Total
|
| | | $ | | |
| | |
Per Note
|
| |
Without
Option |
| |
With
Option |
| |||||||||
Public offering price
|
| | | | 100.0% | | | | | $ | | | | | $ | | | ||
Underwriting discount (sales load) paid by us(1)
|
| | | | 3.25% | | | | | $ | | | | | $ | | | ||
Estimated proceeds to us, before expenses
|
| | | | 96.75% | | | | | $ | | | | | $ | | |
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Page
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| | | | ii | | | |
| | | | 1 | | | |
| | | | 7 | | | |
| | | | 7 | | | |
| | | | 8 | | | |
| | | | 9 | | | |
| | | | 10 | | | |
| | | | 12 | | | |
| | | | 13 | | | |
| | | | 16 | | | |
| | | | 18 | | | |
| | | | 21 | | | |
| | | | 22 | | | |
| | | | 23 | | | |
| | | | 26 | | | |
| | | | 30 | | | |
| | | | 58 | | | |
| | | | 59 | | | |
| | | | 59 | | | |
| | | | 60 | | |
Payment Date
|
| |
Amount
Per Share |
| |||
2020 | | | | | | | |
January 27*
|
| | | $ | 0.12 | | |
2019 | | | | | | | |
October 22
|
| | | $ | 0.12 | | |
July 29
|
| | | $ | 0.12 | | |
April 18
|
| | | $ | 0.12 | | |
January 10**
|
| | | $ | 0.17 | | |
2018 | | | | | | | |
November 6
|
| | | $ | 0.12 | | |
July 27
|
| | | $ | 0.11 | | |
April 27***
|
| | | $ | 0.105 | | |
February 27****
|
| | | $ | 0.105 | | |
2017 | | | | | | | |
November 17
|
| | | $ | 0.105 | | |
July 27
|
| | | $ | 0.105 | | |
April 27
|
| | | $ | 0.05 | | |