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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings Per Share (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Earnings per share        
Stock options excluded from calculation of diluted EPS 670,338   674,042  
Net income (loss) $ (125,304) $ (254,826) $ (1,721,089) $ 5,239,459
Preferred dividend requirements (176,249) (227,499) (528,747) (682,802)
Earnings (loss) applicable to common shareholders $ (301,553) $ (482,325) $ (2,249,836) $ 4,556,657
Average common shares outstanding 29,649,874 27,873,447 29,252,652 27,759,333
Average common and common equivalent shares outstanding - assuming dilution 29,649,874 27,873,447 29,252,652 29,436,008
Basic earnings (loss) per share (in dollars per share) $ (0.01) $ (0.02) $ (0.08) $ 0.16
Diluted earnings (loss) per share (in dollars per share) $ (0.01) $ (0.02) $ (0.08) $ 0.15