STOCKHOLDERS' EQUITY (Details Textual) (USD $)	1 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	8 Months Ended	6 Months Ended	8 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2013 Common Stock [Member]	Dec. 31, 2012 Common Stock [Member]	Jun. 30, 2013 Common Stock [Member] IPO [Member]	Dec. 31, 2012 Common Stock [Member] Manager [Member]	Dec. 31, 2012 Common Stock [Member] Xl Investments Ltd [Member]	Jun. 30, 2013 Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues					26,500,000	4,033,333	1,500,000	25,000,000	100
Stock Issued During Period Offer Price New Issues						$ 15.00	$ 1.00	$ 1.00	$ 1,000
Proceeds from Issuance of Private Placement					$ 26,177,089	$ 59,000,000
Payments of Stock Issuance Costs					322,911	1,500,000
Stockholders Equity, Reverse Stock Split					one-for-16
Stock Issued During Period, Shares, Reverse Stock Splits					1,656,250			1,666,667
Stock Issued During Period Offer Price Reverse Stock Splits								$ 15
Stock Issued During Period, Value, New Issues						60,500,000		25,000,000
Preferred Stock, Dividend Rate, Percentage									12.50%
Proceeds from Issuance of Preferred Stock and Preference Stock	0	10,041							67,500
Preferred Stock, Redemption Price Per Share									$ 1,100
Preferred Stock, Redemption Amount									110,000
Preferred dividends declared		(2,326)		0					0
Preferred Stock, Dividend Rate, Per-Dollar-Amount		$ 23.26
Dividends Payable		$ 0	$ 220,833						$ 3,765,063
Dividends Payable, Amount Per Share									$ 0.78
Underwriters Payment Per Share Value						$ 0.60
Common Stock Shares Additional Issues						604,999
Common Stock Purchase Price						$ 15
Warrants Exercisable			3,125,000
Warrants Exercise Price As Percentage Of IPOs Price			105.00%