Common Stock and Non-Controlling Interest (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of activity related to outstanding restricted securities for fiscal years 2020 and 2019 is presented in the table below:


	Restricted Shares	Weighted-Average Grant-Date Fair Value Per Share
Unvested shares at December 31, 2018	1,461,923	$	2.89
Granted	958,480	$	2.94
Vested	(433,667)	$	2.83
Forfeited	(70,918)	$	3.20
Unvested shares at December 31, 2019	1,915,818	$	2.97
Granted	662,301	$	2.78
Vested	(748,026)	$	2.84
Forfeited	(4,667)	$	2.79
Unvested shares at December 31, 2020	1,825,426	$	2.96


	Fiscal Years Ended December 31,
	2020		2019
Fair value of restricted shares vested	$	1,476,300	$	1,406,552
Unrecognized compensation cost for restricted shares	$	4,048,729	$	4,536,683
Weighted average remaining period to expense restricted shares (years)	3.41		3.14

Schedule of Dividends Payable

Dividends payable consist of the following:


	2013 common stock dividend (2)		Dividends payable on issued and outstanding common stock(1)		Total
Balance at December 31, 2018	$	4,063,598	$	—	$	4,063,598
Accrued dividend	—		4,658,576		4,658,576
Paid in cash	(3,585,239)		(4,504,974)		(8,090,213)
Balance at December 31, 2019	478,359		153,602		631,961
Accrued dividend	—		908,955		908,955
Paid in cash	(478,359)		(56,794)		(535,153)
Balance at December 31, 2020	$	—	$	1,005,763	$	1,005,763

(1) Accrued dividends on unvested restricted shares under the Company's incentive compensation plan, plus accrued dividends declared on December 2020 to all shareholders of record as of March 1, 2021.

(2) Payable to related parties.