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Share Transactions (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of Stockholders Equity

The following table summarizes transactions with respect to shares of the Company’s outstanding common stock during the nine months ended September 30, 2022 and 2021 and the year ended December 31, 2021:

			Nine Months Ended September 30,																								Year Ended December 31,
			2022												2021												2021
			Shares						Amount						Shares						Amount						Shares						Amount
Gross shares/proceeds from the offering			—						$	—					—						$	—					—						$	—
Reinvestment of distributions			—						—						970,223						15,489						970,223						15,489
Total gross shares/proceeds			—						—						970,223						15,489						970,223						15,489
Sales commissions and dealer manager fees			—						—						—						—						—						—
Net shares/proceeds			—						—						970,223						15,489						970,223						15,489
Share repurchase program			(695,476)						(6,711)						(658,650)						(10,467)						(658,650)						(10,467)
Net shares/proceeds from share transactions			(695,476)						$	(6,711)					311,573						$	5,022					311,573						$	5,022

The following table summarizes the share repurchases completed during the year ended December 31, 2021 and the nine months ended September 30, 2022:

Three Months Ended						Repurchase Date						Shares Repurchased(1)						Percentage of Shares Tendered That Were Repurchased						Repurchase Price Per Share(1)						Aggregate Consideration for Repurchased Shares
2021
March 31, 2021						March 24, 2021						337,731						6%						$	15.67					$	5,291
June 30, 2021						June 23, 2021						320,127						7%						16.13						5,163
September 30, 2021(2)						N/A						792						N/A						16.13						13
December 31, 2021						N/A						—						N/A						N/A						—
Total for the year ended December 31, 2021												658,650																		$	10,467
2022
March 31, 2022						N/A						—						N/A						N/A						$	—
June 30, 2022						N/A						—						N/A						N/A						—
September 30, 2022						N/A						695,476						N/A						9.65						6,711
Total for the year ended December 31, 2022												695,476																		$	6,711

(1)Shares repurchased and repurchase price per share have been retroactively adjusted to reflect the two to one reverse stock split as discussed in this Note 3.

(2)Represents an adjustment made during the three months ended September 30, 2021 to shares repurchased during the three months ended June 30, 2021. The Company suspended its share repurchase program on July 30, 2021 as discussed in this Note 3.

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- References

No definition available.

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- Definition

Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21463-112644

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