SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 13– 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 October 1, 2023, the Company issued and sold an additional 190,000 shares of its Common Stock under the 2023 Common ATM Program at a weighted average price of $13.98 per share, generating gross proceeds of $2.7 million and net proceeds of $2.6 million, after offering expenses. As of November 1, 2023, $58.6 million of Common Stock remained eligible for sale under the 2023 Common ATM Program.

Since October 1, 2023, the Company issued and sold an additional 44,000 shares of its Series D Preferred Stock under the 2023 Preferred ATM Program at a weighted average price of $21.08 per share, generating gross proceeds of $931,000 and net proceeds of $916,000, after offering expenses. As of November 1, 2023, $54.2 million of Series D Preferred Stock remained eligible for sale under the 2023 Preferred ATM Program.

On October 13, 2023, the Company paid down $10 million on its revolving line of credit secured by its eligible notes receivables.