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BASIC AND DILUTED EARNINGS PER COMMON SHARE (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
BASIS OF PRESENTATION Basic and Diluted Earnings per Common Share        
Net income(loss); $ 2,931,724 $ (6,327,724) $ (9,157,571) $ (17,361,167)
Basic weighted-average common shares outstanding 43,579,557 43,579,557 43,579,557 43,579,557
Effect of dilutive securities:        
Warrants $ 0      
Options $ 0      
Diluted weighted-average common shares outstanding 43,579,557 43,579,557 43,579,557 43,579,557
Basic loss per share $ 0.07 $ (0.15) $ (0.21) $ (0.40)
Diluted loss per share $ 0.07 $ (0.15) $ (0.21) $ (0.40)