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Consolidated Statements of Shareholders' Equity (USD $)
Total
Common Stock Issued
Preferred Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Undistributed Income (Accumulated Deficit)
Balance at Dec. 31, 2010 $ 71,927,753 $ 1,370,163 $ 0 $ 64,775,002 $ 6,450,381 $ (667,793)
Balance, (Shares) at Dec. 31, 2010   13,701,625        
Common Stock Issued with the DRIP* [1] 13,938,991 146,721 0 13,792,270 0 0
Common Stock Issued with the DRIP, (Shares) 1,467,214 1,467,214 [1]        
Common Stock Issued through Restricted Stock Awards 0 7,400 0 (7,400) 0 0
Common Stock Issued through Restricted Stock Awards, (Shares)   74,000        
Common Stock Issued through Stock Options 75,600 1,000 0 74,600 0 0
Common Stock Issued through Stock Options, (Shares) 10,000 10,000        
Preferred Stock Issued through Direct Placement, net 31,854,328 0 33,470,000 (1,615,672) 0 0
Distributions (11,921,696) 0 0 (8,225,433) 0 (3,696,263)
Stock Compensation Expense 295,042 0 0 295,042 0 0
Net Income 3,696,263 0 0 0 0 3,696,263
Unrealized Net Holding Gain on Securities Available for Sale Net of Reclassification Adjustment (3,989,076) 0 0 0 (3,989,076) 0
Balance at Dec. 31, 2011 105,877,205 1,525,284 33,470,000 69,088,409 2,461,305 (667,793)
Balance, (Shares) at Dec. 31, 2011   15,252,839        
Common Stock Issued with the DRIP* [1] 18,058,038 178,004 0 17,880,034 0 0
Common Stock Issued with the DRIP, (Shares) 1,780,043 1,780,043 [1]        
Common Stock Issued through Restricted Stock Awards 0 7,500 0 (7,500) 0 0
Common Stock Issued through Restricted Stock Awards, (Shares)   75,000        
Common Stock Issued through Stock Options 30,240 400 0 29,840 0 0
Common Stock Issued through Stock Options, (Shares) 4,000 4,000        
Preferred Stock Issued through Underwritten Public Offering , net 25,702,218 0 26,875,000 (1,172,782) 0  
Preferred Stock Issued through Direct Placement, net 30,550,295 0 31,250,000 (699,705) 0 0
Distributions (16,054,905) 0 0 (9,580,848) 0 (6,474,057)
Stock Compensation Expense 573,244 0 0 573,244 0 0
Net Income 6,474,057 0 0 0 0 6,474,057
Unrealized Net Holding Gain on Securities Available for Sale Net of Reclassification Adjustment 4,152,651 0 0 0 4,152,651 0
Interest Rate Swaps (377,795) 0 0 0 (377,795) 0
Balance at Dec. 31, 2012 174,985,248 1,711,188 91,595,000 76,110,692 6,236,161 (667,793)
Balance, (Shares) at Dec. 31, 2012   17,111,882        
Common Stock Issued with the DRIP* [1] 35,192,639 365,801 0 34,826,838 0 0
Common Stock Issued with the DRIP, (Shares) 3,658,010 3,658,010 [1]        
Common Stock Issued through Restricted Stock Awards 0 0 0 0 0 0
Common Stock Issued through Restricted Stock Awards, (Shares)   0        
Common Stock Issued through Stock Options 0 0 0 0 0 0
Common Stock Issued through Stock Options, (Shares)    0        
Preferred Stock Issued through Underwritten Public Offering , net 0 0 0 0 0 0
Preferred Stock Issued through Direct Placement, net 0 0 0 0 0 0
Distributions (21,120,059) 0 0 (15,283,236) 0 (5,836,823)
Stock Compensation Expense 850,349 0 0 850,349 0 0
Net Income 5,836,823 0 0 0 0 5,836,823
Unrealized Net Holding Gain on Securities Available for Sale Net of Reclassification Adjustment (5,497,218) 0 0 0 (5,497,218) 0
Interest Rate Swaps 337,955 0 0 0 337,955 0
Balance at Dec. 31, 2013 $ 190,585,737 $ 2,076,989 $ 91,595,000 $ 96,504,643 $ 1,076,898 $ (667,793)
Balance, (Shares) at Dec. 31, 2013   20,769,892        
[1] Dividend Reinvestment and Stock Purchase Plan