Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

v3.21.2
STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
Preferred Stock
Common Shares
Additional Paid-in Capital
Accumulated Other Comprehensive (Loss) Income
(Accumulated Deficit) Retained Earnings
Total
Beginning balance at Dec. 31, 2019   $ 22,117 $ 83,856,308 $ (50,878) $ (1,266,729) $ 82,560,818
Beginning balance (in shares) at Dec. 31, 2019   22,117,301        
Issuance of Common Stock, net of expenses     (58,353)     (58,353)
Stock based compensation     12,321     12,321
Unrealized gain on marketable securities       13,282   13,282
Dividends paid on Common stock         (5,308,152) (5,308,152)
Dividends paid on Preferred Stock           0
Net income         6,643,877 6,643,877
Balance at Sep. 30, 2020   $ 22,117 83,810,276 (37,596) 68,996 83,863,793
Balance (in shares) at Sep. 30, 2020   22,117,301        
Beginning balance at Jun. 30, 2020   $ 22,117 83,806,169 35,189 584,288 84,447,763
Beginning balance (in shares) at Jun. 30, 2020   22,117,301        
Stock based compensation     4,107     4,107
Unrealized gain on marketable securities       (72,785)   (72,785)
Dividends paid on Common stock         (2,654,076) (2,654,076)
Dividends paid on Preferred Stock           0
Net income         2,138,784 2,138,784
Balance at Sep. 30, 2020   $ 22,117 83,810,276 (37,596) 68,996 83,863,793
Balance (in shares) at Sep. 30, 2020   22,117,301        
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   $ 6,097 30,877,831     30,883,928
Issuance of Common Stock, net of expenses (in shares)   6,096,448        
Stock based compensation   $ 94 126,538     126,632
Stock based compensation (in shares)   94,681        
Unrealized gain on marketable securities       (611,998)   (611,998)
Dividends paid on Common stock         (6,123,415) (6,123,415)
Dividends paid on Preferred Stock         (932,089) (932,089)
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        
Beginning 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 Preferred Stock, net of expenses $ 203   4,849,297     4,849,500
Issuance of Preferred Stock, net of expenses (in shares) 203,000          
Issuance of Common Stock, net of expenses   $ 1,583 8,003,496     8,005,079
Issuance of Common Stock, net of expenses (in shares)   1,582,717        
Stock based compensation     64,219     64,219
Unrealized gain on marketable securities       (500,188)   (500,188)
Dividends paid on Common stock         (3,336,756) (3,336,756)
Dividends paid on Preferred Stock         (913,791) (913,791)
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