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Equity (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity [Abstract] |
Schedule of Equity Activity | The table below summarizes the activity (in thousands):
|  |  |  |  | Year Ended December 31, |  |
|  |  |  |  | 2020 |  |  |  |
Common stock issued |  |  |  |  | 413 |  |  |  |  |
Gross proceeds 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,
| 2021 |  | 2020
Shares sold to Lincoln Park | 205 |  |  | 836 |
Additional commitment shares | — |  |  | 19 |
Total shares issued to Lincoln Park | 205 |  |  | 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 Park | 2,050 |  |  |
Additional commitment shares | 16 |  |  |
Total shares issued to Lincoln Park | 2,066 |  |  |
Gross proceeds received | $ | 43,586 |  |  |
The issuance activity is summarized below (in thousands):
|  |  | Year Ended December 31,
|  |  | 2021
Shares sold to Keystone |  |  | 3,062 |
Additional commitment shares |  |  | 4 |
Total shares issued to Keystone |  |  | 3,066 |
Gross proceeds received |  |  | $ | 147,961 |
The issuance activity is summarized below (in thousands):
|  |  | Year Ended December 31,
|  |  | 2021
Shares sold to YA |  |  | 1,372 |
Gross proceeds received |  |  | $ | 40,556 |
The issuance activity is summarized below (in thousands):
|  |  | Year Ended December 31,
|  |  | 2021
Shares sold to YA |  |  | 3,790 |
Gross proceeds received |  |  | $ | 165,391 |
The issuance activity is summarized below (in thousands):
|  |  | Year Ended December 31,
|  |  | 2021
Shares sold to Seven Knots |  |  | 4,009 |
Gross proceeds received |  |  | $ | 81,279 |
The issuance activity is summarized below (in thousands):
|  |  | Year Ended December 31,
|  |  | 2021
Shares sold to B. Riley |  |  | 4,623 |
Gross proceeds received |  |  | $ | 67,989 |
The issuance activity is summarized below (in thousands):
|  |  | Year Ended December 31,
|  |  | 2022 |  | 2021
Shares sold to M3A |  |  | — |  |  | 900 |
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 Tendered |  |  |  | Common 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, 2021 |  | Year Ended December 31, 2020
|  |  |  |  |  |  |  |  | Preferred Shares Tendered |  | Common Shares Initially Issued |  | Common Shares Issued (1) |  | Preferred Shares Tendered |  | Common 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,
| 2022 |  | 2021 |  | 2020
Common stock | $ | — |  |  | $ | — |  |  | $ | — |
Preferred stock: |  |  |  |  |
Series D Cumulative Preferred Stock | 2,481 |  |  | 4,342 |  | (2) | 1,262 |
Series F Cumulative Preferred Stock | 2,307 |  |  | 4,036 |  | (2) | 2,212 |
Series G Cumulative Preferred Stock | 2,824 |  |  | 4,943 |  | (2) | 2,858 |
Series H Cumulative Preferred Stock | 2,453 |  |  | 4,293 |  | (2) | 1,781 |
Series I Cumulative Preferred Stock | 2,349 |  |  | 4,111 |  | (2) | 2,531 |
Total dividends declared (1) | $ | 12,414 |  |  | $ | 21,725 |  |  | $ | 10,644 |
____________________________________ (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 table below summarizes (income) loss allocated to noncontrolling interests in consolidating entities (in thousands):
|  | Year Ended December 31,
Line Item |  | 2022 |  | 2021 |  | 2020
(Income) loss allocated to noncontrolling interests in consolidated entities |  | $ | — |  |  | $ | 73 |  |  | $ | 338 |

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