XML 88 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
Common Stock [Member]
Additional Paid-In Capital [Member]
Noncontrolling Interest [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total
Balance at Dec. 31, 2009 $ 820 $ 147,466,101 $ 3,063,567 $ (10,632,798) $ (70,806)  
Balance (in shares) at Dec. 31, 2009 8,196,074          
Issuance of common stock, net of issuance costs 150 31,072,596        
Issuance of common stock, net of issuance costs (in shares) 1,495,000          
Issuance of restricted stock under the Equity Incentive Plan 9          
Issuance of restricted stock under the Equity Incentive Plan (in shares) 88,550          
Forfeiture of restricted stock (3)          
Forfeiture of restricted stock (in shares) (20,610)          
Vesting of restricted stock   1,166,656        
Dividends and distributions declared     (709,143) (19,136,249)    
Other comprehensive income (loss) - change in fair value of interest rate swap     (24,529)   (693,929)  
Net income     561,039 15,066,795   15,627,834
Balance at Dec. 31, 2010 976 179,705,353 2,890,934 (14,702,252) (764,735)  
Balance (in shares) at Dec. 31, 2010 9,759,014          
Issuance of restricted stock under the Equity Incentive Plan 10          
Issuance of restricted stock under the Equity Incentive Plan (in shares) 105,050          
Forfeiture of restricted stock (1)          
Forfeiture of restricted stock (in shares) (12,150)          
Vesting of restricted stock   1,364,280        
Dividends and distributions declared     (556,188) (15,767,384)    
Other comprehensive income (loss) - change in fair value of interest rate swap     5,584   158,167  
Net income     338,395 9,551,142   9,889,537
Balance at Dec. 31, 2011 985 181,069,633 2,678,725 (20,918,494) (606,568) 162,224,281
Balance (in shares) at Dec. 31, 2011 9,851,914          
Issuance of common stock, net of issuance costs 150 35,042,076        
Issuance of common stock, net of issuance costs (in shares) 1,495,000          
Issuance of restricted stock under the Equity Incentive Plan 9          
Issuance of restricted stock under the Equity Incentive Plan (in shares) 94,850          
Forfeiture of restricted stock (in shares) (5,720)          
Vesting of restricted stock   1,657,209        
Dividends and distributions declared     (556,188) (18,297,459)    
Other comprehensive income (loss) - change in fair value of interest rate swap     (20,839)   (687,699)  
Net income     554,150 18,049,444   18,603,594
Balance at Dec. 31, 2012 $ 1,144 $ 217,768,918 $ 2,655,848 $ (21,166,509) $ (1,294,267) $ 197,965,134
Balance (in shares) at Dec. 31, 2012 11,436,044