9. BASIC AND DILUTED EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings per share

	For the three months ended			For the nine months ended
	September 30, 2013			September 30, 2013
Basic:
Net (loss) income	($	1,947,622	)	$	15,296,381
Weighted average shares outstanding		1,031,350			1,004,599
Basic (loss) earnings per share	($	1.89	)	$	15.23
	2013			2013
Diluted:
Net (loss) income	($	1,947,622	)	$	15,296,381
Weighted average shares outstanding		1,031,350			1,004,599
Plus incremental shares from assumed conversion:
Stock options anti-dilutive for three months ended September 30, 2013		—			21,341
Diluted weighted average common shares		1,031,350			1,025,939
Diluted (loss) earnings per share	($	1.89	)	$	14.91