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EARNINGS (LOSS) PER SHARE (Details) - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Basic earnings (loss) per share      
Net income (loss) available to the company's common shareholders $ (10,223,130) $ (24,298,114) $ 1,995,621
Weighted average shares outstanding - Basic (in shares) 5,862,647 5,510,076 4,625,195
Earnings (loss) per share - Basic (in dollars per share) $ (1.74) $ (4.41) $ 0.43
Diluted earnings (loss) per share      
Net income (loss) available to the company's common shareholders $ (10,223,130) $ (24,298,114) $ 1,995,621
Weighted average shares outstanding - Basic (in shares) 5,862,647 5,510,076 4,625,195
Options and warrants (in shares) 33,887 87,093 50,932
Weighted shares outstanding - Diluted (in shares) 5,896,534 5,597,169 4,676,127
Earnings (loss) per share - Diluted (in dollars per share) $ (1.73) $ (4.34) $ 0.43