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EARNINGS (LOSS) PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table presents the computation of the Company's basic and diluted net income (loss) per share attributable to common stockholders for the three and six months ended June 30, 2023 and 2022:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Numerator - Basic: |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 4,629,953 |  |  | $ | 2,390,344 |  |  | $ | 51,032 |  |  | $ | (9,682,820) |
Less: net (income) loss attributable to noncontrolling interest in Operating Partnership |  | (649,643) |  |  | (219,214) |  |  | 166,556 |  |  | 1,708,815 |
Preferred stock dividends |  | (921,875) |  |  | (921,875) |  |  | (1,843,750) |  |  | (1,843,750) |
Net income (loss) attributable to common stockholders |  | $ | 3,058,435 |  |  | $ | 1,249,255 |  |  | $ | (1,626,162) |  |  | $ | (9,817,755) |
Numerator - Diluted |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 4,629,953 |  |  | $ | 2,390,344 |  |  | $ | 51,032 |  |  | $ | (9,682,820) |
Preferred stock dividends |  | (921,875) |  |  | (921,875) |  |  | (1,843,750) |  |  | (1,843,750) |
Net income (loss) attributable to common stockholders |  | $ | 3,708,078 |  |  | $ | 1,468,469 |  |  | $ | (1,792,718) |  |  | $ | (11,526,570) |
Denominator: |  |  |  |  |  |  |  |
Weighted average shares outstanding - basic |  | 7,532,106 |  |  | 7,478,973 |  |  | 7,532,080 |  |  | 7,505,673 |
Operating Partnership Units - Class C |  | 1,599,898 |  |  | 1,312,382 |  |  | — |  |  | — |
Operating Partnership Units - Classes M, P and R |  | 1,506,307 |  |  | 1,430,135 |  |  | — |  |  | — |
Weighted average shares outstanding - diluted |  | 10,638,311 |  |  | 10,221,490 |  |  | 7,532,080 |  |  | 7,505,673 |
Earnings (loss) per share attributable to common stockholders: |  |  |  |  |  |  |  |
Basic |  | $ | 0.41 |  |  | $ | 0.17 |  |  | $ | (0.22) |  |  | $ | (1.31) |
Diluted |  | $ | 0.35 |  |  | $ | 0.14 |  |  | $ | (0.22) |  |  | $ | (1.31) |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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