EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following tables provide additional disclosure regarding the computation for the years ended December 31, 2017, December 31, 2016 and December 31, 2015:

	Year Ended December 31, 2017					Year Ended December 31, 2016					Year Ended December 31, 2015
Net income (loss)			$	4,706,961				$	(7,989,955	)			$	450,479
Less dividends paid:
Common stock	$	11,904,005				$	29,898,918				$	19,874,663
Preferred stock	3,522,036					3,522,036					3,522,036
			15,426,041					33,420,954					23,396,699
Undistributed earnings			$	(10,719,080	)			$	(41,410,909	)			$	(22,946,220	)

	Unvested Share-Based Payment Awards			Common Stock			Unvested Share-Based Payment Awards			Common Stock			Unvested Share-Based Payment Awards			Common Stock
Distributed earnings	$	0.60		$	0.60		$	2.04		$	2.04		$	1.35		$	1.35
Undistributed earnings (deficit)	(0.54		)	(0.54		)	(2.83		)	(2.83		)	(1.56		)	(1.56		)
Total	$	0.06		$	0.06		$	(0.79	)	$	(0.79	)	$	(0.21	)	$	(0.21	)