Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

v3.22.2
STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Total
Beginning balance at Dec. 31, 2020   $ 22,125 $ 83,814,376 $ (25,992) $ (2,890,969) $ 80,919,540
Beginning balance (in shares) at Dec. 31, 2020   22,124,801        
Issuance of Preferred Stock, net of expenses $ 1,700   40,611,426     40,613,126
Issuance of Preferred Stock, net of expenses (in shares) 1,700,000          
Issuance of Common Stock, net of expenses   $ 4,514 22,874,335     22,878,849
Issuance of Common Stock, net of expenses (in shares)   4,513,731        
Stock based compensation   $ 94 62,319     62,413
Stock based compensation (in shares)   94,681        
Unrealized gain (loss) on marketable securities       (111,810)   (111,810)
Dividends paid on Preferred Stock           0
Dividends paid         (2,786,659) (2,786,659)
Net income         4,713,945 4,713,945
Balance at Jun. 30, 2021 $ 1,700 $ 26,733 147,362,456 (137,802) (963,683) 146,289,404
Balance (in shares) at Jun. 30, 2021 1,700,000 26,733,213        
Beginning balance at Mar. 31, 2021   $ 22,428 85,360,645 (33,486) (707,868) 84,641,719
Beginning balance (in shares) at Mar. 31, 2021   22,428,208        
Issuance of Preferred Stock, net of expenses $ 1,700   40,611,426     40,613,126
Issuance of Preferred Stock, net of expenses (in shares) 1,700,000          
Issuance of Common Stock, net of expenses   $ 4,211 21,332,173     21,336,384
Issuance of Common Stock, net of expenses (in shares)   4,210,324        
Stock based compensation   $ 94 58,212     58,306
Stock based compensation (in shares)   94,681        
Unrealized gain (loss) on marketable securities       (104,316)   (104,316)
Dividends paid on Preferred Stock           0
Dividends paid         (2,786,659) (2,786,659)
Net income         2,530,844 2,530,844
Balance at Jun. 30, 2021 $ 1,700 $ 26,733 147,362,456 (137,802) (963,683) 146,289,404
Balance (in shares) at Jun. 30, 2021 1,700,000 26,733,213        
Beginning balance at Dec. 31, 2021 $ 1,903 $ 32,730 185,516,394 (476,016) (4,992,450) 180,082,561
Beginning balance (in shares) at Dec. 31, 2021 1,903,000 32,730,004        
Issuance of Common Stock, net of expenses   $ 3,867 21,227,108     21,230,975
Issuance of Common Stock, net of expenses (in shares)   3,867,157        
Exercise of warrants   $ 20 (20)      
Exercise of warrants (in shares)   19,658        
Stock based compensation   $ 139 230,028     230,167
Stock based compensation (in shares)   138,967        
Unrealized gain (loss) on marketable securities       50,044   50,044
Dividends paid on Common stock         (4,326,264) (4,326,264)
Dividends paid on Preferred Stock         (1,843,531) (1,843,531)
Net income         9,579,043 9,579,043
Balance at Jun. 30, 2022 $ 1,903 $ 36,756 206,973,510 (425,972) (1,583,202) 205,002,995
Balance (in shares) at Jun. 30, 2022 1,903,000 36,755,786        
Beginning balance at Mar. 31, 2022 $ 1,903 $ 35,514 201,168,304 (233,208) (1,562,750) 199,409,763
Beginning balance (in shares) at Mar. 31, 2022 1,903,000 35,513,887        
Issuance of Common Stock, net of expenses   $ 1,136 5,681,884     5,683,020
Issuance of Common Stock, net of expenses (in shares)   1,136,432        
Stock based compensation   $ 106 123,322     123,428
Stock based compensation (in shares)   105,467        
Unrealized gain (loss) on marketable securities       (192,764)   (192,764)
Dividends paid on Common stock         (4,326,262) (4,326,262)
Dividends paid on Preferred Stock         (921,766) (921,766)
Net income         5,227,576 5,227,576
Balance at Jun. 30, 2022 $ 1,903 $ 36,756 $ 206,973,510 $ (425,972) $ (1,583,202) $ 205,002,995
Balance (in shares) at Jun. 30, 2022 1,903,000 36,755,786