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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings per share (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Earnings per share        
Additional stock options included in calculation of diluted EPS 226,150   226,150  
Net Income $ 8,625,751 $ 1,024,434 $ 12,714,637 $ 1,286,965
Preferred dividend requirements (145,535) (175,456) (493,826) (527,162)
Deemed contribution on extinguishment of preferred stock 2,525,848 0 2,519,124 0
Income applicable to common shareholders $ 11,006,064 $ 848,978 $ 14,739,935 $ 759,803
Average common shares outstanding 33,371,471 32,674,954 32,947,241 32,671,648
Average common and common equivalent shares outstanding - assuming dilution 33,984,934 32,674,954 33,071,652 32,671,648
Basic earnings per share $ 0.33 $ 0.03 $ 0.45 $ 0.02
Diluted earnings per share $ 0.33 $ 0.03 $ 0.45 $ 0.02