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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings per share (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Earnings per share        
Additional stock options included in calculation of diluted EPS 347,950   347,950  
Net Income $ 3,766,113 $ 391,752 $ 4,088,886 $ 262,531
Preferred dividend requirements (174,148) (175,456) (348,291) (351,705)
Income (loss) applicable to common shareholders $ 3,591,965 $ 216,296 $ 3,740,595 $ (89,174)
Weighted average common shares outstanding 32,789,047 32,673,537 32,735,126 32,669,996
Weighted average common and common equivalent shares outstanding - assuming dilution 32,985,381 32,673,537 32,856,003 32,669,996
Basic earnings (loss) per share $ 0.11 $ 0.01 $ 0.11 $ 0.00
Diluted earnings (loss) per share $ 0.11 $ 0.01 $ 0.11 $ 0.00