Annual report pursuant to Section 13 and 15(d)

Equity and Mezzanine Equity (Tables)

v3.20.4
Equity and Mezzanine Equity (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of Changes in Carrying Value of Series D Preferred
The changes in the carrying value of the Series D Preferred for the years ended December 31, 2020 and 2019 is as follows (in thousands):
Series D Preferred
Balance December 31, 2018 $ 76,955 
   Accretion of Preferred Stock discount 593 
   Undeclared dividends 9,677 
Balance December 31, 2019 87,225 
   Accretion of Preferred Stock discount 590 
   Undeclared dividends 9,581 
   Redemption of Preferred Stock (1,833)
Balance December 31, 2020 $ 95,563 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
As of December 31, 2020 and 2019, the below shares are able to be converted to Common Stock. The common units, convertible preferred stock, cumulative convertible preferred stock, and warrants have been excluded from the Company’s diluted earnings per share calculation because their inclusion would be antidilutive.
December 31, 2020 December 31, 2019
Outstanding shares Potential Dilutive Shares Outstanding shares Potential Dilutive Shares
Common units 224,429  224,429  234,019  234,019 
Series B Preferred Stock 1,875,748  1,172,343  1,875,748  1,172,343 
Series D Preferred Stock 3,529,293  5,202,378  3,600,636  5,307,541 
Warrants to purchase Common Stock —  496,415  —  — 
Schedule of Dividends Declared
Series A Preferred Series B Preferred Series D Preferred
Record Date/Arrears Date Arrears Per Share Arrears Per Share Arrears Per Share
For the year ended December 31, 2020 $ 51  $ 90.00  $ 4,221  $ 2.25  $ 9,488  $ 2.69 
For the year ended December 31, 2019 $ 51  $ 90.00  $ 4,221  $ 2.25  $ 9,677  $ 2.69 
There were no dividends declared to holders of Common Stock for the years ended December 31, 2020 and 2019
Share-based Payment Arrangement Cost On June 15, 2016, the Company's stockholders approved the 2016 Long-Term Incentive Plan (the "2016 Incentive Plan"). The 2016 Incentive Plan allows for issuance of up to 625,000 shares of the Company's Common Stock to employees, directors, officers and consultants for services rendered to the Company.
For the Years Ended December 31, Shares Issued Market Value
(in thousands)
2020 —  $ — 
2019 181,807  166