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EARNINGS PER SHARE (Details) - USD ($)
3 Months Ended 6 Months Ended
Dec. 27, 2016
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]          
Net income (loss)   $ (2,296,571) $ (7,799,801) $ 72,570 $ (24,747,415)
Less dividends paid:          
Common stock   2,630,889 2,627,621 5,261,777 5,257,642
Preferred stock   870,726 870,726 1,751,235 1,751,235
Dividends $ 19,384,684 3,501,615 3,498,347 7,013,012 7,008,877
Undistributed earnings (deficit)   $ (5,798,186) $ (11,298,148) $ (6,940,442) $ (31,756,292)
Adjustment to calculation of diluted earnings per share for warrants (in shares)   0 0    
Common Stock          
Less dividends paid:          
Distributed earnings (in dollars per share)   $ 0.15 $ 0.18 $ 0.30 $ 0.36
Undistributed earnings (deficit) (in dollars per share)   (0.32) (0.77) (0.39) (2.17)
Total (in dollars per share)   (0.17) (0.59) (0.09) (1.81)
Unvested Share-Based Payment Awards          
Less dividends paid:          
Distributed earnings (in dollars per share)   0.15 0.18 0.30 0.36
Undistributed earnings (deficit) (in dollars per share)   (0.32) (0.77) (0.39) (2.17)
Total (in dollars per share)   $ (0.17) $ (0.59) $ (0.09) $ (1.81)