Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2020

Stockholders' Equity Note [Abstract]

Schedule of summary of shares granted and vested

A summary of shares awarded, forfeited, vested and unvested under the terms of the 2012 Plan from January 1, 2018 to December 31, 2020 is as follows:

	Number of Shares	Weighted Average Award Date Fair Value
Unvested shares at December 31, 2017	148,010	$	19.71
Shares awarded in 2018	123,800	$	18.72
Shares vested / forfeited in 2018	(109,820)	$	18.31
Unvested shares at December 31, 2018	161,990	$	19.41
Shares awarded in 2019	202,500	$	8.65
Shares vested / forfeited in 2019	(137,150)	$	8.94
Unvested shares at December 31, 2019	227,340	$	12.52
Shares awarded in 2020	420,000	$	3.65
Shares vested / forfeited in 2020	(212,790)	$	7.04
Unvested shares at December 31, 2020	434,550	$	6.15

Schedule of dividends declared and paid

A summary of cash distributions paid to common shareholders, for federal income tax purposes, as are follows for the periods presented:

	Annual Per				Characterization of Distribution
	Share		Total		Ordinary		Capital		Return of
Year	Distribution		Distribution		Income		Gain		Capital
2020	$	0.18	$	42,825	—	%	—	%	100.0	%
2019	$	0.84	$	199,719	—	%	25.7	%	74.3	%
2018	$	1.56	$	370,746	38.1	%	61.9	%	—	%