Quarterly report pursuant to Section 13 or 15(d)

Equity and Mezzanine Equity (Tables)

v3.21.1
Equity and Mezzanine Equity (Tables)
 3 Months Ended
Mar. 31, 2021
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 three months ended March 31, 2021 and 2020 are as follows (in thousands, unaudited):
Series D Preferred
(unaudited)
Balance December 31, 2020 $ 95,563 
   Accretion of Preferred Stock discount 140 
   Undeclared dividends 2,111 
   Redemption of Preferred Stock (10,493)
Balance March 31, 2021 $ 87,321 
Series D Preferred
(unaudited)
Balance December 31, 2019 $ 87,225 
   Accretion of Preferred Stock discount 148 
   Undeclared dividends 2,419 
Balance March 31, 2020 $ 89,792 
Schedule of potentially dilutive shares
As of March 31, 2021, the below shares are able to be converted to Common Stock. The common units, Series B Preferred and Series D Preferred and warrants have been excluded from the Company’s diluted earnings per share calculation because their inclusion would be antidilutive.
March 31, 2021
Outstanding shares Potential Dilutive Shares
(unaudited)
Common units 221,565  221,565 
Series B Preferred Stock 1,875,748  1,172,343 
Series D Preferred Stock 3,142,196  4,631,775 
Warrants to purchase Common Stock —  1,558,134 
Schedule of summary of preferred stock dividends
The following table summarizes the preferred stock dividends (unaudited, in thousands except for per share amounts):
    
Series A Preferred Series B Preferred Series D Preferred
Record Date/Arrears Date Arrears Per Share Arrears Per Share Arrears Per Share
For the three months ended March 31, 2021 $ 13  22.50  $ 1,055  0.56  $ 2,111  0.67 
For the three months ended March 31, 2020 $ 13  22.50  $ 1,055  0.56  $ 2,419  0.67