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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2016
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, 2016 and March 31, 2015:
 
 
 
Three Months Ended March 31, 2016
 
Three Months Ended March 31, 2015
 
Net income (loss)
 
 
 
 
$
(16,947,614)
 
 
 
 
$
(5,130,327)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less dividends paid:
 
 
 
 
 
 
 
 
 
 
 
 
 
Common stock
 
$
2,630,021
 
 
 
 
$
5,519,531
 
 
 
 
Unvested share-based
 
 
880,509
 
 
 
 
 
 
 
 
 
 
payment awards
 
 
-
 
 
 
 
 
880,509
 
 
 
 
 
 
 
 
 
 
3,510,530
 
 
 
 
 
6,400,040
 
Undistributed earnings
 
 
 
 
$
(20,458,144)
 
 
 
 
$
(11,530,367)
 
 
 
 
Unvested Share-Based
 
 
 
 
Unvested Share-Based
 
 
 
 
 
 
Payment Awards
 
Common Stock
 
Payment Awards
 
Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Distributed earnings
 
$
0.18
 
$
0.18
 
$
0.38
 
$
0.38
 
Undistributed earnings (deficit)
 
 
(1.40)
 
 
(1.40)
 
 
(0.79)
 
 
(0.79)
 
Total
 
$
(1.22)
 
$
(1.22)
 
$
(0.41)
 
$
(0.41)