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Consolidated Statements of Shareholders' Equity - USD ($)
Common Stock [Member]
Series A Cumulative Redeemable Preferred Stock [Member]
Series B Cumulative Redeemable Preferred Stock [Member]
Series C Cumulative Redeemable Preferred Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Undistributed Income (Accumulated Deficit) [Member]
Total
Balance at Dec. 31, 2014 $ 2,437,208 $ 91,595,000 $ 0 $ 0 $ 110,422,454 $ 5,040,236 $ (667,793) $ 208,827,105
Balance, shares at Dec. 31, 2014 24,372,083              
Common Stock Issued with the DRIP [1] $ 265,726 0 0 0 24,334,092 0 0 24,599,818
Common Stock Issued with the DRIP, shares [1] 2,657,255              
Common Stock Issued through Restricted Stock Awards $ 3,500 0 0 0 (3,500) 0 0 0
Common Stock Issued through Restricted Stock Awards, shares 35,000              
Common Stock Issued through Stock Options $ 2,250 0 0 0 167,825 0 0 $ 170,075
Common Stock Issued through Stock Options, shares 22,500             (22,500)
Preferred Stock Issued through Registered Direct Placement, net $ 0 0 45,030,000 0 (1,987,876) 0 0 $ 43,042,124
Distributions 0 0 0 0 (24,159,503) 0 (2,144,205) (26,303,708)
Stock Compensation Expense 0 0 0 0 855,768 0 0 855,768
Net Income 0 0 0 0 0 0 2,144,205 2,144,205
Unrealized Net Holding Loss/Gain on Securities Available for Sale Net of Reclassification Adjustment 0 0 0 0 0 (7,134,947) 0 (7,134,947)
Interest Rate Swaps 0 0 0 0 0 37,985 0 37,985
Balance at Dec. 31, 2015 $ 2,708,684 91,595,000 45,030,000 0 109,629,260 (2,056,726) (667,793) 246,238,425
Balance, shares at Dec. 31, 2015 27,086,838              
Common Stock Issued with the DRIP [1] $ 196,613 0 0 0 22,204,332 0 0 22,400,945
Common Stock Issued with the DRIP, shares [1] 1,966,133              
Common Stock Issued through Restricted Stock Awards $ 6,050 0 0 0 (6,050) 0 0 0
Common Stock Issued through Restricted Stock Awards, shares 60,500              
Common Stock Issued through Stock Options $ 27,750 0 0 0 2,457,310 0 0 $ 2,485,060
Common Stock Issued through Stock Options, shares 277,500             (277,500)
Cancellation of Shares Due to Restricted Stock Forfeitures $ (216) 0 0 0 216 0 0 $ 0
Cancellation of Shares Due to Restricted Stock Forfeitures, shares (2,160)              
Preferred Stock Issued through Registered Direct Placement, net $ 0 0 50,000,000 0 (879,147) 0 0 49,120,853
Distributions 0 0 0 0 (23,047,908) 0 (11,534,559) (34,582,467)
Stock Compensation Expense 0 0 0 0 1,064,678 0 0 1,064,678
Net Income 0 0 0 0 0 0 11,534,559 11,534,559
Unrealized Net Holding Loss/Gain on Securities Available for Sale Net of Reclassification Adjustment 0 0 0 0 0 18,772,197 0 18,772,197
Interest Rate Swaps 0 0 0 0 0 (2,283) 0 (2,283)
Balance at Dec. 31, 2016 $ 2,938,881 91,595,000 95,030,000 0 111,422,691 16,713,188 (667,793) 317,031,967
Balance, shares at Dec. 31, 2016 29,388,811              
Common Stock Issued with the DRIP $ 409,536 0 0 0 59,955,654 0 0 60,365,190
Common Stock Issued with the DRIP, shares 4,095,357              
Common Stock Issued through Restricted Stock Awards $ 5,600 0 0 0 (5,600) 0 0 0
Common Stock Issued through Restricted Stock Awards, shares 56,000              
Common Stock Issued through Stock Options $ 54,790 0 0 0 5,380,844 0 0 $ 5,435,634
Common Stock Issued through Stock Options, shares 547,900             (547,900)
Common Stock Issued through Registered Direct Placement, net $ 140,000 0 0 0 22,378,238 0 0 $ 22,518,238
Common Stock Issued through Registered Direct Placement, net, shares 1,400,000              
Preferred Stock Issued through Underwritten Registered Public Offering, net $ 0 0 0 143,750,000 (4,774,153) 0 0 138,975,847
Preferred Stock Called for Redemption 0 (91,595,000) 0 0 3,488,159 0 (3,488,159) (91,595,000)
Distributions 0 0 0 0 (31,125,456) 0 (9,179,875) (40,305,331)
Stock Compensation Expense 0 0 0 0 1,314,491 0 0 1,314,491
Net Income 0 0 0 0 0 0 12,668,034 12,668,034
Unrealized Net Holding Loss/Gain on Securities Available for Sale Net of Reclassification Adjustment 0 0 0 0 0 (5,197,589) 0 (5,197,589)
Interest Rate Swaps 0 0 0 0 0 3,983 0 3,983
Balance at Dec. 31, 2017 $ 3,548,807 $ 0 $ 95,030,000 $ 143,750,000 $ 168,034,868 $ 11,519,582 $ (667,793) $ 421,215,464
Balance, shares at Dec. 31, 2017 35,488,068              
[1] Dividend Reinvestment and Stock Purchase Plan.