EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method [Table Text Block]

The following tables provide additional disclosure regarding the computation for the three months ended March 31, 2015 and March 31, 2014:

	Three Months Ended March 31, 2015
Net income (loss)			$	(5,130,327)
Less dividends paid:
Common stock	$	5,519,531
Unvested share-based
payment awards		880,509
				6,400,040
Undistributed earnings			$	(11,530,367)

		Unvested Share-Based
		Payment Awards		Common Stock
Distributed earnings	$	0.38	$	0.38
Undistributed earnings (deficit)		(0.79)		(0.79)
Total	$	(0.41)	$	(0.41)

	Three Months Ended
$ and shares in thousands	March 31, 2014
Numerator (Income):
Net income (loss) available to common shareholders	$	(3,021,847)
Dilutive net income (loss) attributable to common shareholders	$	(3,021,847)
Denominator (Weighted Average Shares):
Basic Earnings:
Shares available to common shareholders		8,807,028
Effect of dilutive securities:
Restricted share awards		9,631
Dilutive shares		8,816,659
EPS		(0.34)