Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v2.4.0.8
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Summary of Changes in Stockholders' Equity

The following table summarizes the changes in our stockholders’ equity for the six months ended June 30, 2014:

 

     Common Stock             Distributions     Total  
     Number of
Shares
     Par Value      Additional
Paid-in Capital
     in Excess of
Earnings
    Stockholders’
Equity
 

Balance at December 31, 2013

     6,530,264       $ 6,530       $ 51,326,262       $ (2,820,800   $ 48,511,992   

Net loss

     —           —           —           (280,176     (280,176

Distributions

     —           —           —           (1,175,447     (1,175,447
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Balance at June 30, 2014

     6,530,264       $ 6,530       $ 51,326,262       $ (4,276,423   $ 47,056,369   
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 
Monthly Distributions Declared and Paid by Company's Board of Directors

Our Board of Directors declared and paid the following monthly distributions to common stockholders for the six months ended June 30, 2014 and 2013:

 

Fiscal Year

   Declaration Date    Record Date    Payment Date    Distribution per
Common Share
 

2014

   January 7, 2014    January 22, 2014    January 31, 2014    $  0.03   
   January 7, 2014    February 19, 2014    February 28, 2014      0.03   
   January 7, 2014    March 17, 2014    March 31, 2014      0.03   
   April 8, 2014    April 21, 2014    April 30, 2014      0.03   
   April 8, 2014    May 20, 2014    May 30, 2014      0.03   
   April 8, 2014    June 19, 2014    June 30, 2014      0.03   
           

 

 

 

Six months ended June 30, 2014

   $ 0.18   
           

 

 

 
           

2013

   February 5, 2013    February 15, 2013    February 28, 2013    $ 0.04   
   February 5, 2013    March 15, 2013    March 28, 2013      0.04   
   April 9, 2013    April 22, 2013    April 30, 2013      0.12   
   April 9, 2013    May 20, 2013    May 31, 2013      0.12   
   April 9, 2013    June 19, 2013    June 28, 2013      0.12   
           

 

 

 

Six months ended June 30, 2013

   $ 0.44