EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following tables provide additional disclosure regarding the computation for the three and six months ended June 30, 2018 and June 30, 2017:

	Three Months Ended June 30, 2018					Three Months Ended June 30, 2017
Net income (loss)			$	(21,490,063	)			$	(2,296,571	)
Less dividends paid:
Common stock	$	1,420,990				$	2,630,889
Preferred stock	870,726					870,726
			2,291,716					3,501,615
Undistributed earnings (deficit)			$	(23,781,779	)			$	(5,798,186	)

	Unvested Share-Based Payment Awards			Common Stock			Unvested Share-Based Payment Awards			Common Stock
Distributed earnings	$	0.06		$	0.06		$	0.15		$	0.15
Undistributed earnings (deficit)	(1.00		)	(1.00		)	(0.32		)	(0.32		)
Total	$	(0.94	)	$	(0.94	)	$	(0.17	)	$	(0.17	)

	Six Months Ended June 30, 2018					Six Months Ended June 30, 2017
Net income (loss)			$	(10,175,063	)			$	72,570
Less dividends paid:
Common stock	$	3,735,676				$	5,261,777
Preferred stock	1,751,235					1,751,235
			5,486,911					7,013,012
Undistributed earnings (deficit)			$	(15,661,974	)			$	(6,940,442	)

	Unvested Share-Based Payment Awards			Common Stock			Unvested Share-Based Payment Awards			Common Stock
Distributed earnings	$	0.16		$	0.16		$	0.30		$	0.30
Undistributed earnings (deficit)	(0.67		)	(0.67		)	(0.39		)	(0.39		)
Total	$	(0.51	)	$	(0.51	)	$	(0.09	)	$	(0.09	)