PREFERRED STOCK (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Dividends paid in kind (Series A and Series B)		$ 4,133,380	$ 5,412,281
Series A Preferred Stock [Member]
Additional preferred shares		893	1,033
Dividends paid in kind (Series A and Series B)		$ 3,299,603	$ 3,779,521
Series B Preferred Stock [Member]
Additional preferred shares		536	1,066
Dividends paid in kind (Series A and Series B)		$ 833,777	$ 1,632,760