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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
Dec. 31, 2015
Accounting Policies [Abstract]        
Cash and cash equivalents [1] $ 32,713,356 $ 27,534,374    
Restricted cash [1] 7,693,120 10,355,222    
Total cash, cash equivalents and restricted cash $ 40,406,476 $ 37,889,596 $ 27,252,438 $ 34,315,356
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company is the primary beneficiary of these VIEs. As of March 31, 2017 and December 31, 2016, assets of consolidated VIEs totaled $1,352,801,814 and $1,369,120,941 respectively, and the liabilities of consolidated VIEs totaled $1,327,153,665 and $1,344,404,080 respectively