Annual report pursuant to Section 13 and 15(d)

STATEMENT OF CHANGES IN SHAREHOLDERS'/MEMBERS' EQUITY

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STATEMENT OF CHANGES IN SHAREHOLDERS'/MEMBERS' EQUITY - USD ($)
Common Shares [Member]
ATM
Common Shares [Member]
Additional Paid-in Capital [Member]
ATM
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Loss
(Accumulated Deficit) Retained Earnings [Member]
ATM
(Accumulated Deficit) Retained Earnings [Member]
ATM
Total
Beginning balance at Dec. 31, 2017   $ 15,416   $ 53,315,772 $ 0   $ 1,235,093   $ 54,566,281
Beginning balance (in shares) at Dec. 31, 2017   15,415,737              
Offering costs-ATM       (160,479)     0   (160,479)
Stock based compensation   $ 23   37,566     0   37,589
Stock based compensation (in shares)   22,884              
Dividends paid             (6,787,795)   (6,787,795)
Dividends declared and payable             (2,624,566)   (2,624,566)
Net income for the year             7,771,785   7,771,785
Unrealized loss on marketable securities                 0
Balance at Dec. 31, 2018   $ 15,439   53,192,859 0   (405,483)   52,802,815
Balance (in shares) at Dec. 31, 2018   15,438,621              
Stock based compensation   $ 7   43,140     0   43,147
Stock based compensation (in shares)   7,500              
Dividends paid             (7,057,257)   (7,057,257)
Net income for the year             6,196,011   6,196,011
Sales of stock through ATM $ 4,355 $ 2,300 $ 19,959,990 10,578,300   $ 0 0 $ 19,964,345 $ 10,580,600
Sale of common stock 4,354,773 2,300,000           4,354,773 2,300,000
Exercise of warrants   $ 16   82,019     0   $ 82,035
Exercise of warrants (in shares)   16,407              
Unrealized loss on marketable securities         (50,878)   0   (50,878)
Balance at Dec. 31, 2019   $ 22,117   $ 83,856,308 $ (50,878)   $ (1,266,729)   $ 82,560,818
Balance (in shares) at Dec. 31, 2019   22,117,301