| Summary of Changes in Stockholders' Equity |
The following table summarizes the changes in our
stockholders’ equity for the six months ended June 30,
2014:
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Common Stock |
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Distributions
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Total |
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Number of
Shares |
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|
Par Value |
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Additional
Paid-in Capital |
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in Excess of
Earnings |
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Stockholders’
Equity |
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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 |
|
|
$ |
(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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|
|
(280,176 |
) |
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(280,176 |
) |
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Distributions
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— |
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— |
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|
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— |
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|
|
(1,175,447 |
) |
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(1,175,447 |
) |
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Balance at June 30, 2014
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6,530,264 |
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$ |
6,530 |
|
|
$ |
51,326,262 |
|
|
$ |
(4,276,423 |
) |
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$ |
47,056,369 |
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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 six months ended
June 30, 2014 and 2013:
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Fiscal Year
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Declaration Date |
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Record Date |
|
Payment Date |
|
Distribution per
Common Share |
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2014
|
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January 7, 2014 |
|
January 22, 2014 |
|
January 31, 2014 |
|
$ |
0.03 |
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|
January 7, 2014 |
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February 19, 2014 |
|
February 28, 2014 |
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|
0.03 |
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|
January 7, 2014 |
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March 17, 2014 |
|
March 31, 2014 |
|
|
0.03 |
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April 8, 2014 |
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April 21, 2014 |
|
April 30, 2014 |
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|
0.03 |
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|
April 8, 2014 |
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May 20, 2014 |
|
May 30, 2014 |
|
|
0.03 |
|
|
|
April 8, 2014 |
|
June 19, 2014 |
|
June 30, 2014 |
|
|
0.03 |
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Six months ended June 30, 2014
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$ |
0.18 |
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2013
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February 5, 2013 |
|
February 15, 2013 |
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February 28, 2013 |
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$ |
0.04 |
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|
February 5, 2013 |
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March 15, 2013 |
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March 28, 2013 |
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|
0.04 |
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April 9, 2013 |
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April 22, 2013 |
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April 30, 2013 |
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|
0.12 |
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April 9, 2013 |
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May 20, 2013 |
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May 31, 2013 |
|
|
0.12 |
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April 9, 2013 |
|
June 19, 2013 |
|
June 28, 2013 |
|
|
0.12 |
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Six months ended June 30, 2013
|
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$ |
0.44 |
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