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QUARTERLY FINANCIAL DATA (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
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)
 
$
(93,242,321)
 
$
(43,745,913)
 
$
(10,667,801)
 
$
(39,352,835)
 
Total Expenses
 
 
1,636,118
 
 
1,473,807
 
 
1,365,327
 
 
1,959,853
 
Net Income (Loss)
 
$
(94,878,439)
 
$
(45,219,720)
 
$
(12,033,128)
 
$
(41,312,688)
 
Net Income (Loss) per Share
 
$
(6.90)
*
$
(3.15)
*
$
(0.96)
*
$
(2.83)
*
 
 
 
First
 Quarter
2016
 
Second 
Quarter
2016
 
Third
Quarter
2016
 
Fourth
Quarter
2016
 
Total Income (Loss)
 
$
(113,577,426)
 
$
153,225,194
 
$
(18,658,356)
 
$
83,842,384
 
Total Expenses
 
 
1,479,702
 
 
1,571,572
 
 
1,449,083
 
 
1,599,257
 
Net Income (Loss)
 
$
(115,057,128)
 
$
151,653,622
 
$
(20,107,439)
 
$
82,243,127
 
Net Income (Loss) per Share
 
$
(8.15)
*
$
8.00
*
$
(1.31)
*
$
3.88
*
 
* Adjusted to give effect to the reverse share split of 1-for-4 executed on January 4, 2018.