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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Schedule of reconciliation of basic and diluted earnings per share
The following is a reconciliation of the numerator and denominator for basic and diluted earnings per share for the six months ended June 30, 2015 and 2014: 

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2015
 
2014
 
2015
 
2014
Basic Earnings per Share
 
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
 
Net income available to common shareholders
 
$
(445,195
)
 
$
7,001,082

 
$
(17,411,650
)
 
$
7,863,247

Denominator:
 
 
 
 
 
 

 
 

Weighted-average shares outstanding
 
28,130,575

 
22,826,102

 
28,124,492

 
22,025,316

Basic earnings per share
 
$
(0.02
)
 
$
0.31

 
$
(0.62
)
 
$
0.36

 
 
 
 
 
 
 
 
 
Diluted Earnings per Share
 
 
 
 
 
 

 
 

Numerator:
 
 
 
 
 
 

 
 

Net income available to common shareholders
 
$
(445,195
)
 
$
7,001,082

 
$
(17,411,650
)
 
$
7,863,247

Denominator:
 
 
 
 
 
 

 
 

Weighted-average shares outstanding
 
28,130,575

 
22,826,102

 
28,124,492

 
22,025,316

Effect of dilutive securities
 
 
 
 
 
 

 
 

Stock options and warrants
 
—

 
1,417,570

 
—

 
1,178,626

Preferred stock
 
—

 
603,784

 
—

 
675,558

Diluted weighted-average shares outstanding
 
28,130,575

 
24,847,456

 
28,124,492

 
23,879,500

Diluted earnings per share
 
$
(0.02
)
 
$
0.28

 
$
(0.62
)
 
$
0.33