EARNINGS PER SHARE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$ (16,947,614)	$ (5,130,327)
Less dividends paid:
Common stock	2,630,021	5,519,531
Unvested share-based payment awards	880,509	880,509
Dividends	3,510,530	6,400,040
Undistributed earnings (deficit)	(20,458,144)	$ (11,530,367)
Common Stock [Member]
Less dividends paid:
Common stock	$ 0
Distributed earnings (In dollars per share)	$ 0.18	$ 0.38
Undistributed earnings (deficit) (in dollars per share)	(1.4)	(0.79)
Effect of dilutive securities:
Total (in dollars per share)	(1.22)	(0.41)
Unvested Share-Based Payment Awards [Member]
Less dividends paid:
Distributed earnings (In dollars per share)	0.18	0.38
Undistributed earnings (deficit) (in dollars per share)	(1.4)	(0.79)
Effect of dilutive securities:
Total (in dollars per share)	$ (1.22)	$ (0.41)