Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v2.4.0.8
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2013
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, 2013:

 

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

Balance at December 31, 2012

     2,750,000       $ 2,750       $ —         $ 8,133,976      $ 8,136,726   

Net income

     —           —           —           77,872        77,872   

Proceeds from issuance of common stock, net

     3,780,264         3,780         51,326,262         —          51,330,042   

Distributions

     —           —           —           (2,873,316     (2,873,316
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Balance at June 30, 2013

     6,530,264       $ 6,530       $ 51,326,262       $ 5,338,532      $ 56,671,324   
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 
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 during the six months ended June 30, 2013:

 

Declaration Date

  

Record Date

  

Payment Date

   Distribution per
Common Share
 

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   
        

 

 

 
      Total:    $ 0.44