EARNINGS PER SHARE (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$ (5,130,327)	$ (2,541,274)
Less dividends paid:
Common stock	5,519,531
Unvested share-based payment awards	880,509
Dividends	6,400,040
Undistributed earnings	(11,530,367)
Numerator (Income):
Net income (loss) available to common shareholders	(6,010,836)	(3,021,847)
Dilutive net income (loss) attributable to common shareholders		(3,021,847)
Basic Earnings:
Shares available to common shareholders		8,807,028
Effect of dilutive securities:
Restricted share awards		9,631
Dilutive shares		8,816,659
Total (in dollars per share)		$ (0.34)
Common Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	0
Less dividends paid:
Common stock	$ 0
Distributed earnings (in dollars per share)	$ 0.38
Undistributed earnings (deficit) (in dollars per share)	$ (0.79)
Effect of dilutive securities:
Total (in dollars per share)	$ (0.41)
Unvested Share Based Payment Awards [Member]
Less dividends paid:
Distributed earnings (in dollars per share)	$ 0.38
Undistributed earnings (deficit) (in dollars per share)	$ (0.79)
Effect of dilutive securities:
Total (in dollars per share)	$ (0.41)