RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details 2) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net income	$ 12,470	$ 1,851	$ (7,800)	$ (16,948)	$ 3,479	$ (1,699)	$ 3,801	$ (5,130)	$ (10,426,645)	$ 450,479	$ 3,313,786
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Increase (decrease) in net unrealized gain on available-for-sale securities, net									(100,937)	(14,776,266)	10,845,303
Reclassification adjustment for net gain (loss) included in net income									(5,589,740)	1,969,108	7,458,001
Reclassification adjustment for other-than-temporary impairments included in net income (loss)									(745,492)	745,492	0
Total other comprehensive income (loss)									(6,436,169)	(7,604,122)	18,303,304
Less: Dividends to preferred stockholders									(3,522,036)	(3,522,036)	(2,887,296)
Comprehensive income (loss) attributable to common stockholders									(20,384,850)	$ (10,675,679)	$ 18,729,794
As previously reported
Net income									(7,989,955)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Increase (decrease) in net unrealized gain on available-for-sale securities, net									(3,824,461)
Reclassification adjustment for net gain (loss) included in net income									(5,589,740)
Reclassification adjustment for other-than-temporary impairments included in net income (loss)									541,342
Total other comprehensive income (loss)									(8,872,859)
Less: Dividends to preferred stockholders									(3,522,036)
Comprehensive income (loss) attributable to common stockholders									(20,384,850)
Restatement adjustments
Net income									(2,436,690)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Increase (decrease) in net unrealized gain on available-for-sale securities, net									3,723,524
Reclassification adjustment for net gain (loss) included in net income									0
Reclassification adjustment for other-than-temporary impairments included in net income (loss)									(1,286,834)
Total other comprehensive income (loss)									2,436,690
Less: Dividends to preferred stockholders									0
Comprehensive income (loss) attributable to common stockholders									$ 0