Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

v3.22.2.2
STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
Series A Preferred Stock
Preferred Stock
Series A Preferred Stock
Additional Paid in Capital
Series A Preferred Stock
Preferred Stock
Common Stock
Additional Paid in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Total
Balance 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 Series A Preferred Stock, net of expenses $ 1,903 $ 45,460,723 $ 45,462,626            
Issuance of Series A Preferred Stock, net of expenses (in shares) 1,903,000                
Issuance of common shares, net of expenses         $ 6,097 30,877,831     30,883,928
Issuance of common shares, net of expenses (in shares)         6,096,448        
Stock based compensation         $ 94 126,538     126,632
Stock based compensation (in shares)         94,681        
Unrealized loss on marketable securities             (611,998)   (611,998)
Dividends paid on Series A Preferred Stock               (932,089) (932,089)
Dividends paid on common shares               (6,123,415) (6,123,415)
Net income               9,032,858 9,032,858
Balance at Sep. 30, 2021       $ 1,903 $ 28,316 160,279,468 (637,990) (913,615) 158,758,082
Balance (in shares) at Sep. 30, 2021       1,903,000 28,315,930        
Balance balance at Jun. 30, 2021       $ 1,700 $ 26,733 147,362,456 (137,802) (963,683) 146,289,404
Beginning balance (in shares) at Jun. 30, 2021       1,700,000 26,733,213        
Issuance of Series A Preferred Stock, net of expenses $ 203 $ 4,849,297 $ 4,849,500            
Issuance of Series A Preferred Stock, net of expenses (in shares) 203,000                
Issuance of common shares, net of expenses         $ 1,583 8,003,496     8,005,079
Issuance of common shares, net of expenses (in shares)         1,582,717        
Stock based compensation           64,219     64,219
Unrealized loss on marketable securities             (500,188)   (500,188)
Dividends paid on Series A Preferred Stock               (913,791) (913,791)
Dividends paid on common shares               (3,336,756) (3,336,756)
Net income               4,300,615 4,300,615
Balance at Sep. 30, 2021       $ 1,903 $ 28,316 160,279,468 (637,990) (913,615) 158,758,082
Balance (in shares) at Sep. 30, 2021       1,903,000 28,315,930        
Balance 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 shares, net of expenses         $ 7,177 36,647,242     36,654,419
Issuance of common shares, net of expenses (in shares)         7,177,043        
Exercise of warrants         $ 20 (20)      
Exercise of warrants (in shares)         19,658        
Stock based compensation         $ 154 357,167     357,321
Stock based compensation (in shares)         153,967        
Unrealized loss on marketable securities             (81,525)   (81,525)
Dividends paid on Series A Preferred Stock               (2,765,297) (2,765,297)
Dividends paid on common shares               (9,580,187) (9,580,187)
Net income               14,632,682 14,632,682
Balance at Sep. 30, 2022       $ 1,903 $ 40,081 222,520,783 (557,541) (2,705,252) 219,299,974
Balance (in shares) at Sep. 30, 2022       1,903,000 40,080,672        
Balance balance at Jun. 30, 2022       $ 1,903 $ 36,756 206,973,510 (425,972) (1,583,202) 205,002,995
Beginning balance (in shares) at Jun. 30, 2022       1,903,000 36,755,786        
Issuance of common shares, net of expenses         $ 3,310 15,420,273     15,423,583
Issuance of common shares, net of expenses (in shares)         3,309,886        
Stock based compensation         $ 15 127,000     127,015
Stock based compensation (in shares)         15,000        
Unrealized loss on marketable securities             (131,569)   (131,569)
Dividends paid on Series A Preferred Stock               (921,766) (921,766)
Dividends paid on common shares               (5,253,923) (5,253,923)
Net income               5,053,639 5,053,639
Balance at Sep. 30, 2022       $ 1,903 $ 40,081 $ 222,520,783 $ (557,541) $ (2,705,252) $ 219,299,974
Balance (in shares) at Sep. 30, 2022       1,903,000 40,080,672