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1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Numerator        
Net income/(loss) $ (4,812,873) $ 13,751,678 $ (11,789,973) $ 21,826,798
Denominator        
Basic: Weighted-average common shares outstanding during the period 46,803,791 46,793,791 46,803,791 46,793,791
Add: Dilutive effect of stock options 0 3,057 11,298 6,754
Diluted 46,803,791 46,796,848 46,815,089 46,800,545
Net income per share        
Basic $ (0.10) $ 0.29 $ (0.25) $ 0.47
Diluted $ (0.10) $ 0.29 $ (0.25) $ 0.47