SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2021

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 11– SUBSEQUENT EVENTS

Management has evaluated subsequent events for disclosure and/or recognition in the financial statements through the date that the financial statements were issued.

Since April 1, 2021, the Company issued and sold an additional 911,000 shares of its Series D Preferred Stock at a weighted average price of $24.93 per share under the New Preferred ATM Program, generating gross proceeds of $22.7 million and net proceeds of $22.4 million, after offering expenses. As of May 6, 2021, $12.2 million in shares of Series C Preferred Stock and/or Series D Preferred Stock remained eligible for sale under the New Preferred ATM Program.

Since April 1, 2021, the Company issued and sold an additional 2.1 million shares of its Common Stock under the Common ATM Program at a weighted average price of $19.41 per share, generating gross proceeds of $39.8 million and net proceeds of $39.2 million, after offering expenses. As of May 6, 2021, $51.5 million of common stock remained eligible for sale under the Common ATM Program.