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1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Numerator        
Net income/(loss) $ (19,493,034) $ 3,425,640 $ (31,283,007) $ 25,252,438
Denominator        
Basic: Weighted-average common shares outstanding during the period 46,803,791 46,794,443 46,803,791 46,794,011
Add: Dilutive effect of stock options 0 103,552 0 39,019
Diluted 46,803,791 46,897,995 46,803,791 46,833,030
Net income/(loss) per share        
Basic $ (0.42) $ 0.07 $ (0.67) $ 0.54
Diluted $ (0.42) $ 0.07 $ (0.67) $ 0.54