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Unaudited Condensed Consolidated statements of Shareholders' Equity - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Dec. 31, 2020 6,708,946      
Balance at Dec. 31, 2020 $ 201,268 $ 257,467,980 [1] $ (230,333,881) $ 27,335,367
Net income 0 0 [1] 11,736,326 11,736,326
Dividends to Series B preferred shares 0 0 [1] (255,324) (255,324)
Preferred deemed dividend $ 0 0 [1] (345,423) (345,423)
Issuance of shares (in shares) 82,901      
Issuance of shares $ 2,488 741,065 [1] 0 743,553
Issuance of shares in connection with the redemption of Series B Preferred Shares (in shares) 453,044      
Issuance of shares in connection with the redemption of Series B Preferred Shares $ 13,591 6,351,673 0 6,365,264
Offering expenses 0 (87,229) 0 (87,229)
Share-based compensation $ 0 57,850 0 57,850
Balance (in shares) at Jun. 30, 2021 7,244,891      
Balance at Jun. 30, 2021 $ 217,347 264,531,339 [1] (219,198,302) 45,550,384
Balance (in shares) at Dec. 31, 2021 7,294,541      
Balance at Dec. 31, 2021 $ 218,836 264,609,233 [1] (187,971,173) 76,856,896
Net income 0 0 60,686,136 60,686,136
Share-based compensation $ 0 431,502 431,502
Repurchase of common shares (Note 12) (in shares) (14,602)      
Repurchase of common shares (Note 12) $ (438) (346,398) 0 (346,836)
Dividends declared and paid ($0.50 per share) (Note 12) $ 0 0 (3,647,063) (3,647,063)
Balance (in shares) at Jun. 30, 2022 7,279,939      
Balance at Jun. 30, 2022 $ 218,398 $ 264,694,337 $ (130,932,100) $ 133,980,635
[1] Adjusted to reflect the 1-for-8 reverse stock split effected at the close of trading on December 18, 2019.