XML 64 R48.htm IDEA: XBRL DOCUMENT v3.22.0.1
Equity (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Schedule of Equity Activity
The table below summarizes the activity (in thousands):
Year Ended December 31,
202120202019
Common stock issued— 413 — 
Gross proceed received$— $12,009 $— 
Commissions and other expenses— 150 — 
Net proceeds$— $11,859 $— 
Summary of Issuance Activity
The issuance activity is summarized below (in thousands):
Year Ended December 31,
20212020
Shares sold to Lincoln Park205 836 
Additional commitment shares— 19 
Total shares issued to Lincoln Park205 855 
Gross proceeds received$4,590 $20,556 
The issuance activity is summarized below (in thousands):
Year Ended December 31,
2021
Shares sold to Lincoln Park2,050 
Additional commitment shares16 
Total shares issued to Lincoln Park2,066 
Gross proceeds received$43,586 
The issuance activity is summarized below (in thousands):
Year Ended December 31,
2021
Shares sold to Keystone3,062 
Additional commitment shares
Total shares issued to Keystone3,066 
Gross proceeds received$147,961 
The issuance activity is summarized below (in thousands):
Year Ended December 31,
2021
Shares sold to YA1,372 
Gross proceeds received$40,556 
The issuance activity is summarized below (in thousands):
Year Ended December 31,
2021
Shares sold to YA3,790 
Gross proceeds received$165,391 
The issuance activity is summarized below (in thousands):
Year Ended December 31,
2021
Shares sold to Seven Knots4,009 
Gross proceeds received$81,279 
The issuance activity is summarized below (in thousands):
Year Ended December 31,
2021
Shares sold to B. Riley4,623 
Gross proceeds received$67,989 
The issuance activity is summarized below (in thousands):
Year Ended December 31,
2021
Shares sold to M3A900 
Gross proceeds received$12,941 
Schedule of Shares Issued and Tendered
The table below summarizes the activity (in thousands):
Year Ended December 31, 2020
Preferred Shares TenderedCommon Shares Initially Issued
Common Shares Issued (1)
8.45% Series D Cumulative Preferred Stock
575 3,211 321 
7.375% Series F Cumulative Preferred Stock
1,755 9,791 979 
7.375% Series G Cumulative Preferred Stock
1,663 9,279 928 
7.50% Series H Cumulative Preferred Stock
1,029 5,742 574 
7.50% Series I Cumulative Preferred Stock
1,858 10,366 1,037 
6,880 38,389 3,839 
____________________________________
(1)    Reflects the number of shares issued after the adjustment for the reverse stock split.
The table below summarizes the activity (in thousands):
Year Ended December 31, 2021Year Ended December 31, 2020
Preferred Shares TenderedCommon Shares Initially Issued
Common Shares Issued (1)
Preferred Shares TenderedCommon Shares Initially Issued
Common Shares Issued (1)
8.45% Series D Cumulative Preferred Stock
617 4,174 653 23 131 13 
7.375% Series F Cumulative Preferred Stock
1,640 11,185 1,482 154 795 80 
7.375% Series G Cumulative Preferred Stock
2,891 21,371 2,764 114 573 57 
7.50% Series H Cumulative Preferred Stock
1,361 10,033 1,217 102 515 52 
7.50% Series I Cumulative Preferred Stock
2,138 14,735 1,660 151 774 77 
8,647 61,498 7,776 544 2,788 279 
____________________________________
(1)    Reflects the number of shares issued after the adjustment for the reverse stock split.
Dividends Declared A summary of dividends declared is as follows (in thousands):
Year Ended December 31,
202120202019
Common stock$— $— $31,116 
Preferred stock:
Series D Cumulative Preferred Stock4,342 
(2)
1,262 5,048 
Series F Cumulative Preferred Stock4,036 
(2)
2,212 8,849 
Series G Cumulative Preferred Stock4,943 
(2)
2,858 11,430 
Series H Cumulative Preferred Stock4,293 
(2)
1,781 7,125 
Series I Cumulative Preferred Stock4,111 
(2)
2,531 10,125 
Total dividends declared (1)
$21,725 $10,644 $73,693 
____________________________________
(1)    In the years ended December 31, 2021 and 2020, we recorded $252,000 and $32.1 million, respectively, of preferred dividend expense after the impact of preferred stock exchanges. All unpaid dividends in arrears as of December 31, 2020 of $21.5 million were declared and paid in 2021.
(2)    In the year ended December 31, 2021, the Company declared and paid dividends for each series of preferred stock for unpaid dividends from the second quarter 2020 through the third quarter of 2021. Additionally. the Company declared dividends for the fourth quarter of 2021 that were paid in January 2022.
Schedule of Noncontrolling Interests in Consolidated Entities The below table summarizes the total carrying value (in thousands), which is reported in equity in the consolidated balance sheets:
December 31,
20212020
Carrying value of noncontrolling interests$— $166 
The below table summarizes the (income) loss allocated to noncontrolling interests in consolidating entities (in thousands):
Year Ended December 31,
Line Item202120202019
(Income) loss allocated to noncontrolling interests in consolidated entities$73 $338 $112