Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
Common Stock
Preferred Stock
Additional Paid in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
At The Market Offering
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   $ 1,903 45,460,723       45,462,626
Issuance of Preferred Stock, Net of expenses (in shares)   1,903,000          
Issuance of Common Stock, Net of expenses $ 10,490   56,049,982       56,060,472
Issuance of Common Stock, Net of expenses (in shares) 10,490,188         10,490,188  
Exercise of warrants $ 5   (5)        
Exercise of warrants (in shares) 5,334            
Stock based compensation $ 110   191,318       191,428
Stock based compensation (in shares) 109,681            
Unrealized loss on investments       (450,024)     (450,024)
Dividends paid on Common shares         (9,638,722)   (9,638,722)
Dividends paid on Series A Preferred Stock         (1,853,855)   (1,853,855)
Dividends declared and payable         (3,927,600)   (3,927,600)
Net income for the year         13,318,696   13,318,696
Balance at Dec. 31, 2021 $ 32,730 $ 1,903 185,516,394 (476,016) (4,992,450)   180,082,561
Balance (in shares) at Dec. 31, 2021 32,730,004 1,903,000          
Issuance of Preferred Stock, Net of expenses     (70,000)       (70,000)
Issuance of Common Stock, Net of expenses $ 7,880   39,284,065       39,291,945
Issuance of Common Stock, Net of expenses (in shares) 7,879,907         7,879,907  
Exercise of warrants $ 20   (20)        
Exercise of warrants (in shares) 19,658            
Stock based compensation $ 164   494,851       495,015
Stock based compensation (in shares) 163,967            
Unrealized loss on investments       (85,474)     (85,474)
Dividends paid on Common shares         (14,882,122)   (14,882,122)
Dividends paid on Series A Preferred Stock         (3,687,062)   (3,687,062)
Acquisition of Urbane New Haven assets $ 300   995,700       996,000
Acquisition of Urbane New Haven assets (in shares) 300,000            
Accrued Dividends         (5,342,160)   (5,342,160)
Net income for the year         20,908,651   20,908,651
Balance at Dec. 31, 2022 $ 41,094 $ 1,903 $ 226,220,990 $ (561,490) $ (7,995,143)   $ 217,707,354
Balance (in shares) at Dec. 31, 2022 41,093,536 1,903,000