EARNINGS PER SHARE (Details) - USD ($)	3 Months Ended
Mar. 31, 2016	Mar. 31, 2015
Numerator:
Net (loss) income available to common shareholders	$ (2,163,774)	$ (16,966,455)
Denominator:
Weighted-average shares outstanding	29,304,722	28,118,396
Basic earnings per share (in USD per share)	$ (0.07)	$ (0.60)
Diluted Earnings per Share
Net income available to common shareholders	$ (2,163,774)	$ (16,966,455)
Effect of dilutive securities
Stock options and warrants (shares)	0	0
Preferred stock (shares)	0	0
Diluted weighted-average shares outstanding	29,304,722	28,118,396
Diluted earnings per share (in USD per share)	$ (0.07)	$ (0.60)

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of call options and warrants using the treasury stock method.

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Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible preferred stock using the if-converted method.

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Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period).

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Net Income or Loss Available to Common Stockholders plus adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions.

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