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EARNINGS PER SHARE (Details) - USD ($)
3 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2017
Jan. 18, 2018
Dec. 27, 2016
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]            
Net income (loss) $ 1,474,767 $ 11,315,000 $ 11,315,000 $ 11,315,000    
Less dividends:            
Common stock 1,658,136   2,314,686      
Preferred stock 480,472   880,509      
Redeemable Preferred Stock Dividends 3,093,028 $ 0 0      
Dividends 5,231,636   3,195,195      
Undistributed earnings (deficit) $ (3,756,869)   $ 8,119,805      
Adjustment to calculation of diluted earnings per share for warrants (in shares) 0   0      
Weighted average number of shares of common stock outstanding (in shares) 23,687,664 23,392,387 23,392,387      
Common Stock            
Less dividends:            
Distributed earnings (in dollars per share) $ 0.07   $ 0.10      
Undistributed earnings (deficit) (in dollars per share) (0.16)   0.35      
Total (in dollars per share) (0.09)   0.45      
Unvested Share-Based Payment Awards            
Less dividends:            
Distributed earnings (in dollars per share) 0.07   0.10      
Undistributed earnings (deficit) (in dollars per share) (0.16)   0.35      
Total (in dollars per share) $ (0.09)   $ 0.45      
XL Investments            
Less dividends:            
Common stock shares into which warrants may be converted (in shares)         3,753,492 3,753,492