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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Basic and Diluted Earnings Per Share
The following is a reconciliation of the numerator and denominator for basic and diluted earnings per share for the three and nine months ended September 30, 2017 and 2016: 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Basic Earnings per Share
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net (loss) income available to common shareholders
$
(3,829,125
)
 
$
(1,047,564
)
 
$
(10,572,545
)
 
$
(9,543,203
)
Denominator:
 
 
 
 
 

 
 

Weighted-average shares outstanding
32,655,135

 
30,576,485

 
32,651,961

 
29,884,836

Basic earnings per share
$
(0.12
)
 
$
(0.03
)
 
$
(0.32
)
 
$
(0.32
)
 
 
 
 
 
 
 
 
Diluted Earnings per Share
 
 
 
 
 

 
 

Numerator:
 
 
 
 
 

 
 

Net (loss) income available to common shareholders
$
(3,829,125
)
 
$
(1,047,564
)
 
$
(10,572,545
)
 
$
(9,543,203
)
Denominator:
 
 
 
 
 

 
 

Weighted-average shares outstanding
32,655,135

 
30,576,485

 
32,651,961

 
29,884,836

Effect of dilutive securities
 
 
 
 
 

 
 

Stock options and warrants
—

 
—

 
—

 
—

Preferred Stock
—

 
—

 
—

 
—

Diluted weighted-average shares outstanding
32,655,135

 
30,576,485

 
32,651,961

 
29,884,836

Diluted earnings per share
$
(0.12
)
 
$
(0.03
)
 
$
(0.32
)
 
$
(0.32
)