Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Amounts in income and other comprehensive income amounts

		For the Three Months Ended March 31,
		2020			2019
Change in value of interest rate swaps		$	1,908,300		$	408,400
Reclassification from other comprehensive income			150,700			(1,300	)
Reclassification from other comprehensive income – forecasted transaction not probable to occur			1,167,700			-
Included in interest expense		$	3,226,700		$	407,100
	The following amount was included in other comprehensive income/(loss), before tax:
Unrealized gain/(loss) on derivative instruments		$	(575,000	)	$	(543,500	)
Reclassification from other comprehensive income			150,700			(1,300	)
Reclassification from other comprehensive income – forecasted transaction not probable to occur			1,167,700			-
Change in value of hedged interest rate swaps		$	743,400		$	(544,800	)

Fair value of swaps

Designated interest rate hedges fair value	$ -
Other interest rate swaps	1,105,100
Total derivative (liability)	$1,105,100