Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Amounts in income and other comprehensive income amounts

	For the Nine Months Ended September 30,						For the Three Months Ended September 30,
	2020			2019			2020			2019
Change in value of interest rate swaps	$	1,980,500		$	455,100		$	(10,000	)	$	3,700
Reclassification from other comprehensive income		538,500			5,900			149,100			28,000
Reclassification from other comprehensive income –    forecasted transaction not probable to occur		1,167,700			-			-			-
Included in interest expense	$	3,686,700		$	461,000		$	139,100		$	31,700
The following amount was included in other comprehensive income/(loss), before tax:
Unrealized gain/(loss) on derivative instruments	$	(575,000	)	$	(1,985,100	)	$	-		$	(174,500	)
Reclassification from other comprehensive income		538,500			5,900			149,100			28,000
Reclassification from other comprehensive income –    forecasted transaction not probable to occur		1,167,700			-			-			-
Change in value of interest rate swaps	$	1,131,200		$	(1,979,200	)	$	149,100		$	(146,500	)