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QUARTERLY FINANCIAL DATA (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017 and 2016.
 
 
 
First
Quarter
2017
 
Second
Quarter
2017
 
Third
Quarter
2017
 
Fourth
Quarter
2017
 
Total Income (Loss)
 
$
(247,892,752)
 
$
(253,296,939)
 
$
270,615,213
 
$
329,664,541
 
Total Expenses
 
 
5,262,552
 
 
5,476,212
 
 
4,805,332
 
 
4,573,570
 
Net Income (Loss)
 
$
(253,155,304)
 
$
(258,773,151)
 
$
265,809,881
 
$
325,090,971
 
Net Income (Loss) per Share
 
$
(1.09)
 
$
(1.15)
 
$
0.97
 
$
1.64
 
 
 
 
First
Quarter
2016
 
Second
Quarter
2016
 
Third
Quarter
2016
 
Fourth
Quarter
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