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EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2018
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, 2018 and December 31, 2017:
 
 
Year Ended December 31, 2018
 
Year Ended December 31, 2017
Net income (loss)
 

 
$
(5,471,462
)
 
 

 
$
4,706,961

Less dividends paid:
 

 
 

 
 

 
 

Common stock
$
6,578,196

 
 

 
$
11,904,005

 
 

Preferred stock
3,528,588

 
 

 
3,522,036

 
 

 
 

 
10,106,784

 
 

 
15,426,041

Undistributed earnings
 

 
$
(15,578,246
)
 
 

 
$
(10,719,080
)
 
Unvested Share-Based
Payment Awards
 
Common Stock
 
Unvested Share-Based
Payment Awards
 
Common Stock
Distributed earnings
$
0.28

 
$
0.28

 
$
0.60

 
$
0.60

Undistributed earnings (deficit)
(0.66
)
 
(0.66
)
 
(0.54
)
 
(0.54
)
Total
$
(0.38
)
 
$
(0.38
)
 
$
0.06

 
$
0.06