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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Loss per share (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Loss per share        
Stock options excluded from calculation of diluted loss per share     147,775 678,349
Net loss $ (1,349,346) $ (656,694) $ (2,539,291) $ (1,595,785)
Preferred dividend requirements (176,249) (176,249) (352,498) (352,498)
Loss applicable to common shareholders $ (1,525,595) $ (832,943) $ (2,891,789) $ (1,948,283)
Average common shares outstanding 31,666,454 29,483,207 31,499,787 29,054,041
Average common and common equivalent shares outstanding - assuming dilution 31,666,454 29,483,207 31,499,787 29,054,041
Basic loss per share (in dollars per share) $ (0.05) $ (0.03) $ (0.09) $ (0.07)
Diluted loss per share (in dollars per share) $ (0.05) $ (0.03) $ (0.09) $ (0.07)