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QUARTERLY FINANCIAL DATA (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Summarized (unaudited) quarterly financial information
The following summarized (unaudited) quarterly financial information presents the results of operations and other data for three-month periods ended March 31, June 30, September 30 and December 31, 2016 and 2015.
 
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
 
 
2016
 
2016
 
2016
 
2016
 
Total Income (Loss)
 
$
(171,852,015)
 
$
647,936,099
 
$
(78,243,696)
 
$
294,578,790
 
Total Expenses
 
 
7,120,977
 
 
6,509,218
 
 
6,111,165
 
 
6,125,008
 
Net Income (Loss)
 
$
(178,972,992)
 
$
641,426,881
 
$
(84,354,861)
 
$
288,453,782
 
Net Income (Loss) per Share
 
$
(1.28)
 
$
1.82
 
$
(0.56)
 
$
0.71
 
 
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
 
 
2015
 
2015
 
2015
 
2015
 
Total Income (Loss)
 
$
(272,571,845)
 
$
509,753,001
 
$
(672,333,075)
 
$
(834,143,510)
 
Total Expenses
 
 
4,118,398
 
 
4,493,649
 
 
4,671,346
 
 
5,834,098
 
Net Income (Loss)
 
$
(276,690,243)
 
$
505,259,352
 
$
(677,004,421)
 
$
(839,977,608)
 
Net Income (Loss) per Share
 
$
(3.28)
 
$
3.06
 
$
(5.36)
 
$
(3.55)