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Consolidated Statements of Changes in Equity - USD ($)
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Unearned ESOP Shares [Member]
Distributions in Excess of Retained Earnings [Member]
Noncontrolling Interest [Member]
Balances, beginning at Dec. 31, 2018 $ 82,266,372 $ 29,621 $ 142,093 $ 147,085,112 $ (4,379,742) $ (61,052,418) $ 441,706
Balances, shares, beginning at Dec. 31, 2018   2,962,141 14,209,378        
Net income (loss) 1,175,568         1,909,444 (733,876)
Issuance of restricted common stock awards 92,333   $ 130 92,203      
Issuance of restricted common stock awards, shares     13,000        
Issuance of preferred stock 33,066,665 $ 14,025   33,052,640      
Issuance of preferred stock, shares   1,402,469          
Conversion of units in Operating Partnership to shares of common stock 265,574   $ 500 266,783     (1,709)
Conversion of units in Operating Partnership to shares of common stock, shares     50,000        
Amortization of ESOP shares 261,128     (12,977) 274,105    
Amortization of restricted stock award 32,100     32,100      
Preferred stock dividends declared (7,820,695)         (7,820,695)  
Common stockholders' dividends and distributions declared (7,931,874)         (7,027,021) (904,853)
Balances, ending at Dec. 31, 2019 101,407,171 $ 43,646 $ 142,723 180,515,861 (4,105,637) (73,990,690) (1,198,732)
Balances, shares, ending at Dec. 31, 2019   4,364,610 14,272,378        
Net income (loss) (53,682,905)         (49,193,564) (4,489,341)
Issuance of restricted common stock awards 461,939   $ 1,876 460,063      
Issuance of restricted common stock awards, shares     187,583        
Issuance of unrestricted common stock awards 14,175   $ 23 14,152      
Issuance of unrestricted common stock awards, shares     2,250        
Conversion of units in Operating Partnership to shares of common stock     $ 5,616 (505,699) (322)   500,405
Conversion of units in Operating Partnership to shares of common stock, shares     561,639        
Amortization of ESOP shares 205,216     (264,717) 469,933    
Amortization of restricted stock award 72,780     72,780      
Preferred stock dividends declared (2,188,910)         (2,188,910)  
Common stockholders' dividends and distributions declared (2,088,161)         (1,927,066) (161,095)
Balances, ending at Dec. 31, 2020 44,201,305 $ 43,646 $ 150,238 180,292,440 (3,636,026) (127,300,230) (5,348,763)
Balances, shares, ending at Dec. 31, 2020   4,364,610 15,023,850        
Net income (loss) (28,539,640)         (26,221,474) (2,318,166)
Issuance of common stock awards 444,766   $ 1,513 443,253      
Issuance of common stock awards, shares     151,281        
Conversion of units in Operating Partnership to shares of common stock     $ 328 (2,908,329)     2,908,001
Conversion of units in Operating Partnership to shares of common stock, shares     32,781        
Amortization of ESOP shares 172,000     (380,628) 552,628    
Amortization of restricted stock award 72,780     72,780      
Extinguishment of preferred stock 151,719 $ (3,050) $ 22,331 132,438      
Extinguishment of preferred stock, shares   (305,000) 2,233,146        
Balances, ending at Dec. 31, 2021 $ 16,502,930 $ 40,596 $ 174,410 $ 177,651,954 $ (3,083,398) $ (153,521,704) $ (4,758,928)
Balances, shares, ending at Dec. 31, 2021   4,059,610 17,441,058