SERIES C PREFERRED STOCK |
3 Months Ended |
|---|---|
Mar. 31, 2024 | |
| Equity [Abstract] | |
| SERIES C PREFERRED STOCK |
NOTE 9 - SERIES C PREFERRED STOCK
Series C Preferred Stock
For the three months ended March 31, 2024, and 2023, we did not declare or pay cash distributions to the holders of the Series C Preferred Stock. Included in the carrying value of the Series C preferred Stock as of March 31, 2024 was the amount of the cumulative, undeclared, unpaid dividends of $7.1 million, along with the accretion of $6.7 million for the three months ended March 31, 2024. For the three months ended March 31, 2023, the amount of the cumulative, undeclared, unpaid dividends was $5.4 million, along with the accretion of $3.5 million. The amount of accretion is recognized as a reduction to Additional Paid-in Capital for the respective periods.
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- References No definition available.
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- Definition The entire disclosure for equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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