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EARNINGS PER SHARE (as restated) (Tables)
 9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2016 and September 30, 2015:
 
 
 
Three Months Ended September 30, 2016
 
 
Three Months Ended September 30, 2015
 
Net income (loss)
 
 
 
 
 
$
1,850,690
 
 
 
 
 
 
$
(1,698,722
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less dividends paid:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common stock
 
$
2,628,161
 
 
 
 
 
 
$
4,417,425
 
 
 
 
 
Preferred stock
 
 
880,509
 
 
 
 
 
 
 
880,509
 
 
 
 
 
 
 
 
 
 
 
 
3,508,670
 
 
 
 
 
 
 
5,297,934
 
Undistributed earnings (deficit)
 
 
 
 
 
$
(1,657,980
)
 
 
 
 
 
$
(6,996,656
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unvested Share-Based
 
 
 
 
 
Unvested Share-Based
 
 
 
 
 
 
Payment Awards
 
 
Common Stock
 
 
Payment Awards
 
 
Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Distributed earnings
 
$
0.18
 
 
$
0.18
 
 
$
0.30
 
 
$
0.30
 
Undistributed earnings (deficit)
 
 
(0.11
)
 
 
(0.11
)
 
 
(0.48
)
 
 
(0.48
)
Total
 
$
0.07
 
 
$
0.07
 
 
$
(0.18
)
 
$
(0.18
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2016
 
 
Nine Months Ended September 30, 2015
 
Net income (loss)
 
 
 
 
 
$
(22,896,725
)
 
 
 
 
 
$
(3,028,000
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less dividends paid:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common stock
 
$
7,885,803
 
 
 
 
 
 
$
15,457,238
 
 
 
 
 
Preferred stock
 
 
2,631,744
 
 
 
 
 
 
 
2,631,744
 
 
 
 
 
 
 
 
 
 
 
 
10,517,547
 
 
 
 
 
 
 
18,088,982
 
Undistributed earnings (deficit)
 
 
 
 
 
$
(33,414,272
)
 
 
 
 
 
$
(21,116,982
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unvested Share-Based
 
 
 
 
 
Unvested Share-Based
 
 
 
 
 
 
Payment Awards
 
 
Common Stock
 
 
Payment Awards
 
 
Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Distributed earnings
 
$
0.54
 
 
$
0.54
 
 
$
1.05
 
 
$
1.05
 
Undistributed earnings (deficit)
 
 
(2.29
)
 
 
(2.29
)
 
 
(1.43
)
 
 
(1.43
)
Total
 
$
(1.75
)
 
$
(1.75
)
 
$
(0.38
)
 
$
(0.38
)