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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings per share (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Earnings per share        
Stock options excluded from calculation of diluted EPS     27,425 147,775
Net loss $ (947,706) $ (1,349,346) $ (1,126,990) $ (2,539,291)
Preferred stock dividend requirements (176,249) (176,249) (352,498) (352,498)
Loss applicable to common shareholders $ (1,123,955) $ (1,525,595) $ (1,479,488) $ (2,891,789)
Average common shares outstanding 32,666,454 31,666,454 32,666,454 31,499,787
Average common and common equivalent shares outstanding - assuming dilution 32,666,454 31,666,454 32,666,454 31,499,787
Basic loss per share (in dollars per share) $ (0.03) $ (0.05) $ (0.05) $ (0.09)
Diluted loss per share (in dollars per share) $ (0.03) $ (0.05) $ (0.05) $ (0.09)