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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2018
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 six months ended June 30, 2018 and 2017: 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
Basic Earnings per Share
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income (loss) available to common shareholders
$
1,439,174

 
$
(2,696,174
)
 
$
(2,016,655
)
 
$
(6,743,420
)
Less allocation of dividends to participating securities
(543,698
)
 
—

 
—

 
—

     Total
895,476

 
(2,696,174
)
 
(2,016,655
)
 
(6,743,420
)
Denominator:
 
 
 
 
 
 
 
Weighted-average shares outstanding
33,300,456

 
32,350,218

 
33,182,748

 
32,650,347

Basic earnings per share
$
0.03

 
$
(0.08
)
 
$
(0.06
)
 
$
(0.21
)
 
 
 
 
 
 
 
 
Diluted Earnings per Share
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income (loss) available to common shareholders
$
1,439,174

 
$
(2,696,174
)
 
$
(2,016,655
)

$
(6,743,420
)
Less diluted allocation of dividends to participating securities
(446,158
)
 
—

 
—

 
—

     Total
993,016

 
(2,696,174
)
 
(2,016,655
)
 
(6,743,420
)
Denominator:
 
 
 
 
 
 
 
Weighted-average shares outstanding
33,300,456

 
32,350,218

 
33,182,748

 
32,650,347

Effect of dilutive securities
 
 
 
 
 
 
 
Stock options and warrants
136,536

 
—

 
—

 
—

Preferred Stock A
419,859

 
—

 
—

 
—

Preferred Stock C
3,156,800

 
—

 
—

 
—

Diluted weighted-average shares outstanding
37,013,651

 
32,350,218

 
33,182,748

 
32,650,347

Diluted earnings (loss) per share
$
0.03

 
$
(0.08
)
 
$
(0.06
)
 
$
(0.21
)