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BASIS OF PRESENTATION Basic and Diluted Earnings per Common Share (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Net income $ 4,617,659 $ 19,269,642
Basic weighted-average common shares outstanding 43,579,557 43,479,899
Warrants 0 0
Options $ 0 $ 0
Diluted weighted-average common shares outstanding 43,579,557 43,479,899
Basic earnings per share $ 0.11 $ 0.44
Diluted earnings per share $ 0.11 $ 0.44