10-Q Filing

CORENERGY INFRASTRUCTURE TRUST, INC. CIK: 1347652 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001347652-18-000038`
Period End Date	20180331
Filing Date	20180502
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	corr-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 68 Cash Flow Statement 66 Stockholders Equity 14

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Leased property, net of accumulated depreciation of $77,452,422 and $72,155,753	`SaleLeasebackTransactionNetBookValue`	$465.96M	USD	Point-in-time
Leased property, net of accumulated depreciation of $77,452,422 and $72,155,753	`SaleLeasebackTransactionNetBookValue`	$460.66M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $13,470,161 and $12,643,636	`PropertyPlantAndEquipmentNet`	$112.36M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $13,470,161 and $12,643,636	`PropertyPlantAndEquipmentNet`	$113.16M	USD	Point-in-time
Financing notes and related accrued interest receivable, net of reserve of $4,600,000 and $4,100,000	`NotesAndLoansReceivableNetNoncurrent`	$1.00M	USD	Point-in-time
Financing notes and related accrued interest receivable, net of reserve of $4,600,000 and $4,100,000	`NotesAndLoansReceivableNetNoncurrent`	$1.50M	USD	Point-in-time
Other equity securities, at fair value	`EquityMethodInvestmentsFairValueDisclosure`	$2.97M	USD	Point-in-time
Other equity securities, at fair value	`EquityMethodInvestmentsFairValueDisclosure`	$2.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time
Deferred rent receivable	`DeferredRentReceivablesNet`	$22.06M	USD	Point-in-time
Deferred rent receivable	`DeferredRentReceivablesNet`	$23.76M	USD	Point-in-time
Accounts and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$3.79M	USD	Point-in-time
Accounts and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$2.98M	USD	Point-in-time
Deferred costs, net of accumulated amortization of $790,381 and $623,764	`DebtIssuanceCostsAndDeferredLeasingCostsNet`	$3.50M	USD	Point-in-time
Deferred costs, net of accumulated amortization of $790,381 and $623,764	`DebtIssuanceCostsAndDeferredLeasingCostsNet`	$3.34M	USD	Point-in-time
Accumulated depreciation, leased property	`PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation`	$77.45M	USD	Point-in-time
Accumulated depreciation, leased property	`PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation`	$72.16M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$742.15K	USD	Point-in-time
Accumulated depreciation, property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$13.47M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$791.42K	USD	Point-in-time
Accumulated depreciation, property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$12.64M	USD	Point-in-time
Reserve for financing notes and related accrued interest receivable	`AllowanceForNotesAndLoansReceivableNoncurrent`	$4.60M	USD	Point-in-time
Deferred tax asset, net	`DeferredIncomeTaxAssetsNet`	$2.24M	USD	Point-in-time
Deferred tax asset, net	`DeferredIncomeTaxAssetsNet`	$3.51M	USD	Point-in-time
Reserve for financing notes and related accrued interest receivable	`AllowanceForNotesAndLoansReceivableNoncurrent`	$4.10M	USD	Point-in-time
Goodwill	`Goodwill`	$1.72M	USD	Point-in-time
Goodwill	`Goodwill`	$1.72M	USD	Point-in-time
Accumulated amortization, Deferred costs	`AccumulatedAmortizationDebtIssuanceCostsAndDeferredLeasingCosts`	$623.76K	USD	Point-in-time
Accumulated amortization, Deferred costs	`AccumulatedAmortizationDebtIssuanceCostsAndDeferredLeasingCosts`	$790.38K	USD	Point-in-time
Secured debt, debt issuance costs	`DeferredFinanceCostsNet`	$254.65K	USD	Point-in-time
Total Assets	`Assets`	$633.42M	USD	Point-in-time
Secured debt, debt issuance costs	`DeferredFinanceCostsNet`	$250.51K	USD	Point-in-time
Total Assets	`Assets`	$630.42M	USD	Point-in-time
Secured credit facilities, net of debt issuance costs of $250,507 and $254,646	`SecuredDebt`	$40.75M	USD	Point-in-time
Secured credit facilities, net of debt issuance costs of $250,507 and $254,646	`SecuredDebt`	$39.87M	USD	Point-in-time
Unsecured convertible senior notes, net of discount and debt issuance costs of $1,771,120 and $1,967,917	`ConvertibleDebtNoncurrent`	$112.23M	USD	Point-in-time
Unsecured convertible senior notes, net of discount and debt issuance costs of $1,771,120 and $1,967,917	`ConvertibleDebtNoncurrent`	$112.03M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligation`	$9.30M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligation`	$9.17M	USD	Point-in-time
Accounts payable and other accrued liabilities	`AccountsPayableAndOtherAccruedLiabilities`	$2.33M	USD	Point-in-time
Accounts payable and other accrued liabilities	`AccountsPayableAndOtherAccruedLiabilities`	$4.18M	USD	Point-in-time
Management fees payable	`ManagementFeePayable`	$1.75M	USD	Point-in-time
Management fees payable	`ManagementFeePayable`	$1.81M	USD	Point-in-time
Income tax liability	`TaxesPayableCurrentAndNoncurrent`	$2.17M	USD	Point-in-time
Income tax liability	`TaxesPayableCurrentAndNoncurrent`	$2.20M	USD	Point-in-time
Unearned revenue	`DeferredRevenue`	$3.40M	USD	Point-in-time
Unearned revenue	`DeferredRevenue`	$4.84M	USD	Point-in-time
Capital stock non-convertible, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Liabilities	`Liabilities`	$174.40M	USD	Point-in-time
Total Liabilities	`Liabilities`	$171.63M	USD	Point-in-time
Capital stock non-convertible, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Capital stock non-convertible, shares issued	`CommonStockSharesIssued`	11.92M	shares	Point-in-time
Capital stock non-convertible, shares issued	`CommonStockSharesIssued`	11.92M	shares	Point-in-time
Series A Cumulative Redeemable Preferred Stock 7.375%, $130,000,000 liquidation preference ($2,500 per share, $0.001 par value), 10,000,000 authorized; 52,000 issued and outstanding at March 31, 2018 and December 31, 2017	`PreferredStockValue`	$130.00M	USD	Point-in-time
Capital stock non-convertible, shares outstanding	`CommonStockSharesOutstanding`	11.92M	shares	Point-in-time
Capital stock non-convertible, shares outstanding	`CommonStockSharesOutstanding`	11.92M	shares	Point-in-time
Series A Cumulative Redeemable Preferred Stock 7.375%, $130,000,000 liquidation preference ($2,500 per share, $0.001 par value), 10,000,000 authorized; 52,000 issued and outstanding at March 31, 2018 and December 31, 2017	`PreferredStockValue`	$130.00M	USD	Point-in-time
Capital stock, non-convertible, $0.001 par value; 11,924,478 and 11,915,830 shares issued and outstanding at March 31, 2018 and December 31, 2017 (100,000,000 shares authorized)	`CommonStockValue`	$11.93K	USD	Point-in-time
Capital stock non-convertible, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Capital stock, non-convertible, $0.001 par value; 11,924,478 and 11,915,830 shares issued and outstanding at March 31, 2018 and December 31, 2017 (100,000,000 shares authorized)	`CommonStockValue`	$11.92K	USD	Point-in-time
Capital stock non-convertible, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$331.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$326.01M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$461.79M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$456.02M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$633.42M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$630.42M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Lease revenue	`SaleLeasebackTransactionQuarterlyRentalPayments`	$17.59M	USD	1 Quarter
Lease revenue	`SaleLeasebackTransactionQuarterlyRentalPayments`	$17.07M	USD	1 Quarter
Transportation and distribution revenue	`GasGatheringTransportationMarketingAndProcessingRevenue`	$5.01M	USD	1 Quarter
Transportation and distribution revenue	`GasGatheringTransportationMarketingAndProcessingRevenue`	$3.95M	USD	1 Quarter
Total Revenue	`Revenues`	$22.08M	USD	1 Quarter
Total Revenue	`Revenues`	$21.54M	USD	1 Quarter
Transportation and distribution expenses	`GasGatheringTransportationMarketingAndProcessingCosts`	$1.57M	USD	1 Quarter
Transportation and distribution expenses	`GasGatheringTransportationMarketingAndProcessingCosts`	$1.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.73M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.06M	USD	1 Quarter
Depreciation, amortization and ARO accretion expense	`DepreciationAmortizationAndAccretionNet`	$6.29M	USD	1 Quarter
Depreciation, amortization and ARO accretion expense	`DepreciationAmortizationAndAccretionNet`	$6.01M	USD	1 Quarter
Provision for loan losses	`ProvisionForLoanAndLeaseLosses`	-	USD	1 Quarter
Provision for loan losses	`ProvisionForLoanAndLeaseLosses`	$500.00K	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$10.40M	USD	1 Quarter
Total Expenses	`CostsAndExpenses`	$11.09M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$11.67M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$10.46M	USD	1 Quarter
Net distributions and dividend income	`OtherInterestAndDividendIncome`	$3.95K	USD	1 Quarter
Net distributions and dividend income	`OtherInterestAndDividendIncome`	$43.46K	USD	1 Quarter
Net realized and unrealized gain (loss) on other equity securities	`EquitySecuritiesUnrealizedGainLoss`	$-544.21K	USD	1 Quarter
Net realized and unrealized gain (loss) on other equity securities	`EquitySecuritiesUnrealizedGainLoss`	$13.97K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.45M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.21M	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-3.96M	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-3.19M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.72M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.26M	USD	1 Quarter
Current tax benefit	`CurrentIncomeTaxExpenseBenefit`	$-35.55K	USD	1 Quarter
Current tax benefit	`CurrentIncomeTaxExpenseBenefit`	$-33.76K	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-298.85K	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-409.28K	USD	1 Quarter
Income tax benefit, net	`IncomeTaxExpenseBenefit`	$-444.83K	USD	1 Quarter
Income tax benefit, net	`IncomeTaxExpenseBenefit`	$-332.61K	USD	1 Quarter
Net income	`ProfitLoss`	$8.05M	USD	1 Quarter
Net income	`ProfitLoss`	$7.71M	USD	1 Quarter
Less: Net Income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$382.38K	USD	1 Quarter
Less: Net Income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net Income attributable to CorEnergy Stockholders	`NetIncomeLoss`	$7.67M	USD	1 Quarter
Net Income attributable to CorEnergy Stockholders	`NetIncomeLoss`	$7.71M	USD	1 Quarter
Preferred dividend requirements	`PreferredStockDividendsAndOtherAdjustments`	$2.40M	USD	1 Quarter
Preferred dividend requirements	`PreferredStockDividendsAndOtherAdjustments`	$1.04M	USD	1 Quarter
Net Income attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.31M	USD	1 Quarter
Net Income attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.63M	USD	1 Quarter
Net Income	`ProfitLoss`	$8.05M	USD	1 Quarter
Net Income	`ProfitLoss`	$7.71M	USD	1 Quarter
Changes in fair value of qualifying hedges / AOCI attributable to CorEnergy stockholders	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Changes in fair value of qualifying hedges / AOCI attributable to CorEnergy stockholders	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$2.97K	USD	1 Quarter
Changes in fair value of qualifying hedges / AOCI attributable to non-controlling interest	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-694.00	USD	1 Quarter
Changes in fair value of qualifying hedges / AOCI attributable to non-controlling interest	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net Change in Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Net Change in Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTax`	$3.67K	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$8.06M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$7.71M	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$383.08K	USD	1 Quarter
Comprehensive Income attributable to CorEnergy Stockholders	`ComprehensiveIncomeNetOfTax`	$7.67M	USD	1 Quarter
Comprehensive Income attributable to CorEnergy Stockholders	`ComprehensiveIncomeNetOfTax`	$7.71M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.92M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.89M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.92M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.89M	shares	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.75	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.75	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$8.05M	USD	1 Quarter
Net Income	`ProfitLoss`	$7.71M	USD	1 Quarter
Deferred income tax, net	`DeferredIncomeTaxesAndTaxCredits`	$-409.28K	USD	1 Quarter
Deferred income tax, net	`DeferredIncomeTaxesAndTaxCredits`	$-298.85K	USD	1 Quarter
Depreciation, amortization and ARO accretion	`DepreciationDepletionAndAmortization`	$6.47M	USD	1 Quarter
Depreciation, amortization and ARO accretion	`DepreciationDepletionAndAmortization`	$6.64M	USD	1 Quarter
Provision for loan losses	`ProvisionForLoanAndLeaseLosses`	-	USD	1 Quarter
Provision for loan losses	`ProvisionForLoanAndLeaseLosses`	$500.00K	USD	1 Quarter
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$3.72K	USD	1 Quarter
Net distributions and dividend income, including recharacterization of income	`NetDistributionsandDividendIncomeIncludingRecharacterizationofIncome`	$-148.65K	USD	1 Quarter
Net distributions and dividend income, including recharacterization of income	`NetDistributionsandDividendIncomeIncludingRecharacterizationofIncome`	-	USD	1 Quarter
Net realized and unrealized (gain) loss on other equity securities	`UnrealizedGainLossOnInvestments`	$-544.21K	USD	1 Quarter
Net realized and unrealized (gain) loss on other equity securities	`UnrealizedGainLossOnInvestments`	$13.97K	USD	1 Quarter
Unrealized gain on derivative contract	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$27.07K	USD	1 Quarter
Unrealized gain on derivative contract	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	-	USD	1 Quarter
Increase in deferred rent receivable	`IncreaseDecreaseInDeferredRentReceivables`	$1.80M	USD	1 Quarter
Increase in deferred rent receivable	`IncreaseDecreaseInDeferredRentReceivables`	$1.70M	USD	1 Quarter
Decrease in accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-632.88K	USD	1 Quarter
Decrease in accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-802.96K	USD	1 Quarter
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$99.57K	USD	1 Quarter
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$49.26K	USD	1 Quarter
Increase in management fee payable	`IncreaseDecreaseInOtherAccountsPayable`	$10.27K	USD	1 Quarter
Increase in management fee payable	`IncreaseDecreaseInOtherAccountsPayable`	$64.84K	USD	1 Quarter
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.93M	USD	1 Quarter
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.10M	USD	1 Quarter
Decrease in current income tax liability	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Decrease in current income tax liability	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-35.55K	USD	1 Quarter
Decrease in unearned revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Decrease in unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.86M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.75M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.57M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$47.88K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.50K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Return of capital on distributions received	`PartnersCapitalAccountReturnOfCapital`	-	USD	1 Quarter
Return of capital on distributions received	`PartnersCapitalAccountReturnOfCapital`	$31.05K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.38K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$31.05K	USD	1 Quarter
Debt financing costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Debt financing costs	`PaymentsOfFinancingCosts`	$261.67K	USD	1 Quarter
Dividends paid on Series A preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$2.40M	USD	1 Quarter
Dividends paid on Series A preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.04M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$8.63M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$8.67M	USD	1 Quarter
Principal payments on secured credit facilities	`RepaymentsOfLongTermDebt`	$882.00K	USD	1 Quarter
Principal payments on secured credit facilities	`RepaymentsOfLongTermDebt`	$2.41M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.12M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.17M	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.54M	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.48M	USD	1 Quarter
Cash and Cash Equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.79M	USD	Point-in-time
Cash and Cash Equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.38M	USD	Point-in-time
Cash and Cash Equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.90M	USD	Point-in-time
Cash and Cash Equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time
Cash and Cash Equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.79M	USD	Point-in-time
Cash and Cash Equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.38M	USD	Point-in-time
Cash and Cash Equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.90M	USD	Point-in-time
Cash and Cash Equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time
Interest paid	`InterestPaid`	$705.23K	USD	1 Quarter
Interest paid	`InterestPaid`	$1.05M	USD	1 Quarter
Change in accounts payable and accrued expenses related to debt financing costs	`NoncashOrPartNoncashIncreaseDecreaseinAccountsPayableandAccruedExpensesRelatedtoDebtFinancingCostsFinancingActivities`	$-252.69K	USD	1 Quarter
Change in accounts payable and accrued expenses related to debt financing costs	`NoncashOrPartNoncashIncreaseDecreaseinAccountsPayableandAccruedExpensesRelatedtoDebtFinancingCostsFinancingActivities`	-	USD	1 Quarter
Reinvestment of distributions by common stockholders in additional common shares	`ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan`	$310.20K	USD	1 Quarter
Reinvestment of distributions by common stockholders in additional common shares	`ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan`	$247.33K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	11.92M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	11.92M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$461.79M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$456.02M	USD	Point-in-time
Cumulative transition adjustment upon the adoption of ASC 606, net of tax	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-2.45M	USD	Point-in-time
Net income	`ProfitLoss`	$8.05M	USD	1 Quarter
Net income	`ProfitLoss`	$7.71M	USD	1 Quarter
Series A preferred stock dividends	`DividendsPreferredStock`	$2.40M	USD	1 Quarter
Common stock dividends	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$8.94M	USD	1 Quarter
Reinvestment of dividends paid to common stockholders	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$310.20K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$461.79M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$456.02M	USD	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	11.92M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	11.92M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.