| Summary of Changes in Stockholders' Equity |
The following table summarizes the changes in our
stockholders’ equity for the nine months ended
September 30, 2014:
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Common Stock |
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Additional
Paid-in Capital
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Distributions
in Excess of
Earnings
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Total
Stockholders’
Equity
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Number
of Shares
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Par Value |
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Balance at December 31, 2013
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6,530,264 |
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$ |
6,530 |
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$ |
51,326,262 |
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$ |
(2,820,800 |
) |
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$ |
48,511,992 |
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Net loss
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— |
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— |
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— |
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(179,803 |
) |
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(179,803 |
) |
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Proceeds from issuance of common stock, net
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1,150,000 |
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1,150 |
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13,219,525 |
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— |
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13,220,675 |
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Distributions
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— |
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— |
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— |
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(1,763,171 |
) |
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(1,763,171 |
) |
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Balance at September 30, 2014
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7,680,264 |
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$ |
7,680 |
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$ |
64,545,787 |
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$ |
(4,763,774 |
) |
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$ |
59,789,693 |
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| 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 nine months ended
September 30, 2014 and 2013:
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Fiscal Year
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Declaration Date |
|
Record Date |
|
Payment Date |
|
Distribution
per Common Share
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| |
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2014
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January 7, 2014 |
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January 22, 2014 |
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January 31, 2014 |
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$ |
0.03 |
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January 7, 2014 |
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February 19, 2014 |
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February 28, 2014 |
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|
0.03 |
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January 7, 2014 |
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March 17, 2014 |
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March 31, 2014 |
|
|
0.03 |
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April 8, 2014 |
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April 21, 2014 |
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April 30, 2014 |
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|
0.03 |
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April 8, 2014 |
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May 20, 2014 |
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May 30, 2014 |
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|
0.03 |
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April 8, 2014 |
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June 19, 2014 |
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June 30, 2014 |
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|
0.03 |
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July 15, 2014 |
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July 25, 2014 |
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August 5, 2014 |
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|
0.03 |
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July 15, 2014 |
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August 20, 2014 |
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August 29, 2014 |
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|
0.03 |
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July 15, 2014 |
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September 19, 2014 |
|
September 30, 2014 |
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|
0.03 |
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Nine months ended September 30, 2014
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$ |
0.27 |
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2013
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February 5, 2013 |
|
February 15, 2013 |
|
February 28, 2013 |
|
$ |
0.04 |
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|
February 5, 2013 |
|
March 15, 2013 |
|
March 28, 2013 |
|
|
0.04 |
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|
April 9, 2013 |
|
April 22, 2013 |
|
April 30, 2013 |
|
|
0.12 |
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|
April 9, 2013 |
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May 20, 2013 |
|
May 31, 2013 |
|
|
0.12 |
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|
April 9, 2013 |
|
June 19, 2013 |
|
June 28, 2013 |
|
|
0.12 |
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July 9, 2013 |
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July 19, 2013 |
|
July 31, 2013 |
|
|
0.12 |
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July 9, 2013 |
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August 21, 2013 |
|
August 30, 2013 |
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|
0.12 |
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July 9, 2013 |
|
September 18, 2013 |
|
September 30, 2013 |
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|
0.12 |
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Nine months ended September 30, 2013
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$ |
0.80 |
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