STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Cash Dividends Declared

The following table presents cash dividends declared by the Company on its common stock for the three months ended March 31, 2017:

Declaration Date	Record Date	Payment Date	Dividend Amount		Cash Dividend Per Share
December 27, 2016	January 17, 2017	January 30, 2017	$	876,963	$	0.05000
December 27, 2016	February 15, 2017	February 27, 2017	$	876,963	$	0.05000
December 27, 2016	March 15, 2017	March 30, 2017	$	876,963	$	0.05000

The following table presents cash dividends declared by the Company on its Series A Preferred Stock for the three months ended March 31, 2017:

Declaration Date	Record Date	Payment Date	Dividend Amount		Cash Dividend Per Share
December 27, 2016	January 17, 2017	January 27, 2017	$	293,503	$	0.18230
December 27, 2016	February 15, 2017	February 27, 2017	$	293,503	$	0.18230
December 27, 2016	March 15, 2017	March 27, 2017	$	293,503	$	0.18230