XML 20 R5.htm IDEA: XBRL DOCUMENT v3.21.4
Condensed Consolidated Statements of Changes in Equity - USD ($)
Series D Preferred Stock [Member]
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Parent [Member]
Noncontrolling Interest [Member]
Total
Beginning balance, value at Dec. 31, 2018   $ 88,608 $ 151,670,625 $ (111,343,840) $ 40,415,393 $ 15,725,650 $ 56,141,043
Beginning balance, shares at Dec. 31, 2018   8,860,711          
Net income (loss)   (610,206) (610,206) 1,383,140 772,934
Dividends paid   (1,083,098) (1,083,098) (1,083,098)
Contributions received from noncontrolling interests, net of distributions paid   331,604 331,604
Repurchase of common stock   $ (306) (227,122) (227,428) (227,428)
Repurchase of common stock, shares   (30,498)          
Vesting of restricted stock   $ 516 685,617 686,133 686,133
Vesting of restricted stock, shares   51,629          
Ending balance, value at Dec. 31, 2019 $ 88,818 152,129,120 (113,037,144) 39,180,794 17,440,394 56,621,188
Ending balance, shares at Dec. 31, 2019 8,881,842          
Net income (loss) (1,107,130) (1,107,130) 175,011 (932,119)
Distributions in excess of contributions received (277,472) (277,472)
Ending balance, value at Mar. 31, 2020 $ 88,818 152,129,120 (114,144,274) 38,073,664 17,337,933 55,411,597
Ending balance, shares at Mar. 31, 2020 8,881,842          
Beginning balance, value at Dec. 31, 2019 $ 88,818 152,129,120 (113,037,144) 39,180,794 17,440,394 56,621,188
Beginning balance, shares at Dec. 31, 2019 8,881,842          
Net income (loss)             (3,924,121)
Ending balance, value at Sep. 30, 2020 $ 89,220 153,358,708 (117,815,335) 35,632,593 16,688,117 52,320,710
Ending balance, shares at Sep. 30, 2020 8,922,036          
Beginning balance, value at Dec. 31, 2019 $ 88,818 152,129,120 (113,037,144) 39,180,794 17,440,394 56,621,188
Beginning balance, shares at Dec. 31, 2019 8,881,842          
Net income (loss)   (7,673,905) (7,673,905) 1,412,507 (6,261,398)
Dividends paid   (963,456) (963,456) (963,456)
Shares issued, initial public offering, net of fees   $ 5,000 1,999,984 2,004,984 2,004,984
Shares issued, initial public offering, net of fees, shares   500,000          
Issuance of stock, net of issuance cost, shares   59,274          
Share reconciliation adjustment   $ (162) 162
Share reconciliation adjustment, shares   (16,080)          
Issuance of stock for Limited Partnership interests   $ 594 1,247,396 1,247,990 (1,247,990)
Issuance of stock for Limited Partnership interests, shares   59,274          
Distributions in excess of contributions received   (2,366,009) (2,366,009)
Repurchase of common stock   $ (30) (17,970) (18,000) (18,000)
Repurchase of common stock, shares   (3,000)          
Vesting of restricted stock   $ 818 1,104,454 1,105,272 1,105,272
Vesting of restricted stock, shares   86,327          
Ending balance, value at Dec. 31, 2020 $ 95,038 156,463,146 (121,674,505) 34,883,679 15,238,902 50,122,581
Ending balance, shares at Dec. 31, 2020 9,508,363          
Beginning balance, value at Mar. 31, 2020 $ 88,818 152,129,120 (114,144,274) 38,073,664 17,337,933 55,411,597
Beginning balance, shares at Mar. 31, 2020 8,881,842          
Net income (loss) (1,922,816) (1,922,816) 315,282 (1,607,534)
Contributions received from noncontrolling interests, net of distributions paid 66,697 66,697
Share reconciliation adjustment $ (162) 162
Share reconciliation adjustment, shares (16,080)          
Issuance of stock for Limited Partnership interests $ 594 1,247,396 1,247,990 (1,247,990)
Issuance of stock for Limited Partnership interests, shares 59,274          
Ending balance, value at Jun. 30, 2020 $ 89,250 153,376,678 (116,067,090) 37,398,838 16,471,922 53,870,760
Ending balance, shares at Jun. 30, 2020 8,925,036          
Net income (loss)   (1,748,245) (1,748,245) 363,777 (1,384,468)
Distributions in excess of contributions received (147,582) (147,582)
Repurchase of common stock $ (30) (17,970) (18,000) (18,000)
Repurchase of common stock, shares   (3,000)          
Ending balance, value at Sep. 30, 2020 $ 89,220 153,358,708 (117,815,335) 35,632,593 16,688,117 52,320,710
Ending balance, shares at Sep. 30, 2020 8,922,036          
Beginning balance, value at Dec. 31, 2020 $ 95,038 156,463,146 (121,674,505) 34,883,679 15,238,902 50,122,581
Beginning balance, shares at Dec. 31, 2020 9,508,363          
Net income (loss) (2,661,682) (2,661,682) 406,608 (2,255,074)
Dividends paid (998,795) (998,795) (998,795)
Distributions in excess of contributions received (2,034,212) (2,034,212)
Repurchase of common stock, shares            
Ending balance, value at Mar. 31, 2021 $ 95,038 156,463,146 (125,334,982) 31,223,202 13,611,298 44,834,500
Ending balance, shares at Mar. 31, 2021 9,508,363          
Beginning balance, value at Dec. 31, 2020 $ 95,038 156,463,146 (121,674,505) 34,883,679 15,238,902 50,122,581
Beginning balance, shares at Dec. 31, 2020 9,508,363          
Net income (loss)             (903,866)
Ending balance, value at Sep. 30, 2021 $ 9,200 $ 114,902 185,727,368 (128,207,540) 57,643,930 11,373,541 69,017,471
Ending balance, shares at Sep. 30, 2021 920,000 11,490,230          
Beginning balance, value at Mar. 31, 2021 $ 95,038 156,463,146 (125,334,982) 31,223,202 13,611,298 44,834,500
Beginning balance, shares at Mar. 31, 2021 9,508,363          
Net income (loss) 850,039 850,039 925,697 1,775,736
Dividends paid (1,009,389) (1,009,389) (1,009,389)
Dividends to Series D preferred stockholder (95,836) (95,836) (95,836)
Issuance of preferred stock Series D, net of issuance costs $ 9,200 20,480,603 20,489,803 20,489,803
Issuance of stock, net of issuance cost, shares 920,000          
Distributions in excess of contributions received (744,884) (744,884)
Ending balance, value at Jun. 30, 2021 $ 9,200 $ 95,038 176,943,749 (125,590,168) 51,457,819 13,792,111 65,249,930
Ending balance, shares at Jun. 30, 2021 920,000 9,508,363          
Net income (loss) (851,831) (851,831) 427,303 (424,528)
Dividends paid (1,226,485) (1,226,485) (1,226,485)
Dividends to Series D preferred stockholder (539,056) (539,056) (539,056)
Issuance of Common Stock, net of issuance costs, including warrants $ 20,000 8,851,879 8,871,879 8,871,879
Issuance of Common Stock, net of issuance costs, including warrants, shares 2,000,000          
Distributions in excess of contributions received (2,845,873) (2,845,873)
Repurchase of common stock $ 136 68,260 68,396 68,396
Repurchase of common stock, shares (18,133)          
Ending balance, value at Sep. 30, 2021 $ 9,200 $ 114,902 $ 185,727,368 $ (128,207,540) $ 57,643,930 $ 11,373,541 $ 69,017,471
Ending balance, shares at Sep. 30, 2021 920,000 11,490,230