XML 41 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Shareholders' Equity (Details Narrative) - USD ($)
3 Months Ended
Mar. 15, 2018
Feb. 15, 2018
Jan. 22, 2018
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Proceed from dividend reinvestment and stock purchase plan (DRIP)       $ 694,400 $ 681,504  
Net proceeds from issuance of shares       $ 48,247,280 $ 0  
Common stock shares authorized       111,363,800   113,663,800
Excess stock, shares authorized       3,000,000   3,000,000
Common Stock [Member]            
Proceed from dividend reinvestment and stock purchase plan (DRIP)       $ 694,400    
New shares issued under DRIP, value       $ 10,051,499    
New shares issued under DRIP       809,076    
8.0% Series B Cumulative Redeemable Preferred Stock [Member]            
Dividends paid $ 1,900,600          
Dividend declared per share, paid $ 0.50          
Annual rate on dividend per share payable quarterly $ 2.00          
Record date of dividend Feb. 15, 2018          
Cumulative redeemable preferred stock percentage 8.00%          
Preferred Stock, Liquidation Preference Per Share $ 25.00          
6.75% Series C Cumulative Redeemable Preferred Stock [Member]            
Dividends paid $ 2,425,781          
Dividend declared per share, paid $ 0.421875          
Annual rate on dividend per share payable quarterly $ 1.6875          
Record date of dividend Feb. 15, 2018          
Cumulative redeemable preferred stock percentage 6.75%          
Preferred Stock, Liquidation Preference Per Share $ 25.00          
6.375% Series D Cumulative Redeemable Preferred Stock [Member]            
Dividends paid $ 354,166          
Dividend declared per share, paid $ 0.17708333          
Cumulative redeemable preferred stock, shares issued     2,000,000      
Percentage rate on cumulative redeemable preferred stock     6.375%      
Cumulative redemption price per share     $ 25.00 $ 25.00    
Number of sale of shares     $ 2,000,000      
Net proceeds from issuance of shares     $ 48,200,000      
Description of preferred stock dividend     Annual rate of $1.59375 per share and will be payable quarterly in arrears on March 15, June 15, September 15, and December 15      
Preferred stock par value       $ 0.10    
Preferred stock redeemable date       Jan. 22, 2023    
Series D Preferred Stock [Member]            
Common stock shares authorized       2,300,000    
Cumulative redeemable preferred stock, authorized       2,300,000    
Series B Preferred Stock [Member]            
Cumulative redeemable preferred stock, authorized       4,000,000    
Series C Preferred Stock [Member]            
Cumulative redeemable preferred stock, authorized       5,750,000    
April 2, 2018 [Member] | 8.0% Series B Cumulative Redeemable Preferred Stock [Member]            
Dividend declared per share, paid       $ 0.50    
Dividend paid date       Jun. 15, 2018    
Record date of dividend       May 15, 2018    
April 2, 2018 [Member] | 6.75% Series C Cumulative Redeemable Preferred Stock [Member]            
Dividend declared per share, paid       $ 0.421875    
Dividend paid date       Jun. 15, 2018    
Record date of dividend       May 15, 2018    
April 2, 2018 [Member] | 6.375% Series D Cumulative Redeemable Preferred Stock [Member]            
Dividend declared per share, paid       $ 0.3984375    
Dividend paid date       Jun. 15, 2018    
Record date of dividend       May 15, 2018    
Common Stock [Member]            
Dividends paid $ 6,492,774          
Dividend declared per share, paid $ 0.18          
Proceed from dividend reinvestment and stock purchase plan (DRIP)   $ 694,400        
Record date of dividend Feb. 15, 2018          
Common Stock [Member] | April 2, 2018 [Member]            
Annual rate on dividend per share payable quarterly       $ 0.18    
Dividend paid date       Jun. 15, 2018    
Record date of dividend       May 15, 2018