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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings per share (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Earnings per share        
Common Stock underlying issued and outstanding stock options 60,462 142,552 76,370 143,780
Common stock issuable upon the conversion of convertible preferred shares 232,445 236,445 232,445 236,445
Diluted EPS calculated under the treasury stock method 292,907 378,997 308,815 380,225
Net Income $ 5,385,254 $ 6,521,885 $ 9,360,113 $ 35,139,894
Preferred stock dividend requirements (58,111) (59,111) (174,333) (183,219)
Net income applicable to common shareholders $ 5,327,143 $ 6,462,774 $ 9,185,780 $ 34,956,675
Average common shares outstanding 32,936,959 33,883,684 33,049,411 33,950,742
Average common and common equivalent shares outstanding - assuming dilution 33,229,866 34,262,681 33,358,225 34,330,967
Basic earnings per share $ 0.16 $ 0.19 $ 0.28 $ 1.03
Diluted earnings per share $ 0.16 $ 0.19 $ 0.28 $ 1.02