RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details 2) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Net income (loss)	$ 1,850,690	$ (1,698,722)	$ (22,896,725)	$ (3,028,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Increase (decrease) in net unrealized gain on available-for-sale securities, net	(979,421)	(1,827,941)	12,119,724	(8,306,431)
Reclassification adjustment for net gain (loss) included in net income (loss)	23,914	2,045,480	(6,523,410)	3,461,294
Reclassification adjustment for other-than-temporary impairments included in net income	19,790	350,924	187,008	1,761,208
Total other comprehensive income (loss)	(935,717)	568,463	5,783,322	1,373,615	$ 8,146,073
Less: Dividends to preferred stockholders	(880,509)	(880,509)	(2,631,744)	(2,631,744)
Comprehensive income (loss) attributable to common stockholders	34,464	$ (2,010,768)	(19,745,147)	$ (4,286,129)
Previously Reported [Member]
Net income (loss)	1,496,356		(19,527,535)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Increase (decrease) in net unrealized gain on available-for-sale securities, net	(979,421)		8,396,200
Reclassification adjustment for net gain (loss) included in net income (loss)	23,914		(6,523,410)
Reclassification adjustment for other-than-temporary impairments included in net income	374,124		541,342
Total other comprehensive income (loss)	(581,383)		2,414,132
Less: Dividends to preferred stockholders	(880,509)		(2,631,744)
Comprehensive income (loss) attributable to common stockholders	34,464		(19,745,147)
Restatement Adjustment [Member]
Net income (loss)	354,334		(3,369,190)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Increase (decrease) in net unrealized gain on available-for-sale securities, net	0		3,723,524
Reclassification adjustment for net gain (loss) included in net income (loss)	0		0
Reclassification adjustment for other-than-temporary impairments included in net income	(354,334)		(354,334)
Total other comprehensive income (loss)	(354,334)		3,369,190
Less: Dividends to preferred stockholders	0		0
Comprehensive income (loss) attributable to common stockholders	$ 0		$ 0