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CONVERTIBLE SENIOR NOTES (Details)
12 Months Ended
Apr. 07, 2011
USD ($)
Dec. 31, 2016
USD ($)
$ / shares
Dec. 31, 2015
USD ($)
$ / shares
Dec. 31, 2014
USD ($)
Dec. 31, 2011
USD ($)
Mar. 15, 2011
USD ($)
CONVERTIBLE SENIOR NOTES [Line Items]            
Cash used for repurchase of debt   $ 25,931,219 $ 54,376,600 $ 9,809,860    
Net gain repurchase of debt   212,056 13,693,269 7,048,188    
Amortization of deferred convertible notes issuance costs and premium   $ 32,935 764,527 933,152    
Convertible Senior Notes due 2018 [Member]            
CONVERTIBLE SENIOR NOTES [Line Items]            
Debt issued           $ 175,000,000
Interest rate (as a percent)   4.125%        
Redemption price as a percentage of principal amount at maturity together with any accrued but unpaid interest   100.00%        
Redemption price at the option of the holder as a percentage of principal amount together with any accrued but unpaid interest   100.00%        
Repurchase of debt   $ 26,145,000 68,454,000   $ 88,384,000  
Cash used for repurchase of debt   25,931,219 54,376,600   57,055,127  
Net gain repurchase of debt   212,056 13,693,269   28,349,939  
Carrying value          
Maximum aggregate principal amount pertaining to exercise of over-allotment of debt by initial purchasers $ 25,000,000          
Deferred issuance cost expensed   1,725 384,131   2,978,934  
Refund of portion of premium paid due to repurchase of debt         861,280  
Amortization of deferred convertible notes issuance costs and premium   $ 32,935 $ 764,527 $ 933,152    
Debt Issuance Cost         $ 7,156,101  
Convertible Senior Notes due 2018 [Member] | American Depository Shares (ADS) [Member]            
CONVERTIBLE SENIOR NOTES [Line Items]            
Conversion price of debts (in pound sterling per share/in dollars per ADS) | $ / shares     $ 10.5473      
Number of shares to be allotted and issued on full conversion of debts (in shares/ADS)     2,478,833      
Cap price (in dollars per ADS) | $ / shares   $ 15.0675        
Premium of preliminary option   $ 21,504,779        
Premium of over-allotment option   $ 3,197,500