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Unaudited Interim Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
Common stock
Additional paid-in capital
Accumulated other comprehensive loss
Treasury stock
Accumulated deficit
Total
Balance at Dec. 31, 2019 $ 350,192 $ 416,841,494   $ (15,348,909) $ (75,787,009) $ 326,055,768
Balance (in shares) at Dec. 31, 2019 33,097,831          
Issue of common stock $ 1,875 (1,875)        
Issue of common stock (in shares) 187,424          
Share-based compensation   2,437,422       2,437,422
Payment of dividend   (1,659,308)       (1,659,308)
Changes in unrealized loss on cash flow hedges     $ (705,395)     (705,395)
Net (loss) / income         13,469,207 13,469,207
Balance at Sep. 30, 2020 $ 352,067 417,617,733 (705,395) (15,348,909) (62,317,802) 339,597,694
Balance (in shares) at Sep. 30, 2020 33,285,255          
Balance at Jun. 30, 2020 $ 352,067 416,811,014 (773,419) (15,348,909) (55,684,805) 345,355,948
Balance (in shares) at Jun. 30, 2020 33,285,255          
Share-based compensation   806,719       806,719
Changes in unrealized loss on cash flow hedges     68,024     68,024
Net (loss) / income         (6,632,997) (6,632,997)
Balance at Sep. 30, 2020 $ 352,067 417,617,733 (705,395) (15,348,909) (62,317,802) 339,597,694
Balance (in shares) at Sep. 30, 2020 33,285,255          
Balance at Dec. 31, 2020 $ 352,067 418,180,983 (729,135) (15,635,765) (81,833,204) 320,334,946
Balance (in shares) at Dec. 31, 2020 33,186,603          
Issue of common stock $ 11,772 5,308,228       5,320,000
Issue of common stock (in shares) 1,177,281          
Share-based compensation   1,823,123       1,823,123
Changes in unrealized loss on cash flow hedges     577,976     577,976
Preference dividend         (617,123) (617,123)
Net (loss) / income         (28,916,568) (28,916,568)
Balance at Sep. 30, 2021 $ 363,839 425,312,334 (151,159) (15,635,765) (111,366,895) 298,522,354
Balance (in shares) at Sep. 30, 2021 34,363,884          
Redeemable Preferred Stock            
Issue of redeemable preferred stock, net of issuance costs           $ 23,041,348
Issue of redeemable preferred stock, net of issuance costs (in shares)           25,000
Balance at Sep. 30, 2021           $ 23,041,348
Balance (in shares) at Sep. 30, 2021           25,000
Balance at Jun. 30, 2021 $ 363,839 424,629,576 (144,023) (15,635,765) (98,536,742) $ 310,676,885
Balance (in shares) at Jun. 30, 2021 34,363,884          
Share-based compensation   682,758       682,758
Changes in unrealized loss on cash flow hedges     (7,136)     (7,136)
Preference dividend         (535,616) (535,616)
Net (loss) / income         (12,294,537) (12,294,537)
Balance at Sep. 30, 2021 $ 363,839 $ 425,312,334 $ (151,159) $ (15,635,765) $ (111,366,895) 298,522,354
Balance (in shares) at Sep. 30, 2021 34,363,884          
Balance at Jun. 30, 2021           $ 23,041,348
Balance (in shares) at Jun. 30, 2021           25,000
Balance at Sep. 30, 2021           $ 23,041,348
Balance (in shares) at Sep. 30, 2021           25,000