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INCOME (LOSS) PER SHARE (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income (loss) for the period $ (1,666,806) $ 5,261,928 $ (3,201,337) $ 4,525,009
Income attributable to participating securities (Preferred Stock)   (1,003,097)   (842,475)
Income (loss) for the period attributable to common stockholders $ (1,795,886) $ 4,166,242 $ (3,434,168) $ 3,497,271
Number of shares:        
Common shares used in computing basic income (loss) per share 5,441,253 5,304,072 5,382,682 5,303,529
Common shares used in computing diluted income (loss) per share [1] 5,441,253 5,336,019 5,382,682 5,361,570
Total weighted average number of common shares related to outstanding convertible Preferred Stock, options and warrants excluded from the calculations of diluted income (loss) per share [2] 9,537,309 3,369,743 9,367,247 3,324,535
Series A Preferred Stock [Member]        
Dividend on Preferred Stock $ (26,522) $ (92,589) $ (47,036) $ (185,263)
Series B Preferred Stock [Member]        
Dividend on Preferred Stock $ (102,558)   $ (185,795)  
[1] In applying the treasury method, the average market price of Common Stock was based on management's estimate (see Note 2D, above).
[2] The Company excludes from the calculation of diluted income (loss) per share, shares that will be issued upon the exercise of options and warrants with exercise prices, that are greater than the estimated average market value of the Company's Common Stock and shares issuable upon conversion of Preferred Stock because their effect would be anti-dilutive.