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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $)
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Earnings per share        
Net income (loss) $ (272,961) $ 1,828,444 $ (1,592,020) $ 4,399,273
Preferred dividend requirements (229,527) (342,217) (688,581) (1,026,651)
Effect of dilutive securities: Convertible debt interest and loan fees   2,259   (6,955)
Earnings (loss) available to common shareholders $ (502,488) $ 1,488,486 $ (2,280,601) $ 3,365,667
Average common shares outstanding 26,972,818 24,027,053 25,870,073 24,005,761
Dilutive stock equivalents from stock options (in shares)   1,815,360   2,250,601
Shares issuable upon conversion of convertible debt   108,391   108,391
Average common and common equivalent shares outstanding - assuming dilution 26,972,818 25,950,804 25,870,073 26,364,753
Basic earnings (loss) per share (in dollars per share) $ (0.02) $ 0.06 $ (0.09) $ 0.14
Diluted earnings (loss) per share (in dollars per share) $ (0.02) $ 0.06 $ (0.09) $ 0.13