SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheet that sum to the total of the same amounts shown in the statement of cash flows.

	September 30, 2017		December 31, 2016
Cash and cash equivalents	$	30,554,867	$	27,534,374
Restricted cash	15,437,341		10,355,222
Total cash, cash equivalents and restricted cash	$	45,992,208	$	37,889,596

Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheet that sum to the total of the same amounts shown in the statement of cash flows.

	September 30, 2017		December 31, 2016
Cash and cash equivalents	$	30,554,867	$	27,534,374
Restricted cash	15,437,341		10,355,222
Total cash, cash equivalents and restricted cash	$	45,992,208	$	37,889,596

The following table presents the Company's restricted cash balances as of September 30, 2017 and December 31, 2016:

	September 30, 2017		December 31, 2016
Restricted cash balance held by:
Broker counterparties for derivatives trading	$	5,647,225	$	(4,244,678	)
Repurchase counterparties as restricted collateral	9,790,116		10,355,222
Total	$	15,437,341	$	6,110,544