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BASIC AND DILUTED EARNINGS PER COMMON SHARE (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Basic and Diluted Earnings per Common Share        
Net income (loss) $ 1,127,322 $ (8,642,950) $ (6,846,621) $ (11,033,443)
Basic weighted-average common shares outstanding 43,579,557 43,579,557 43,579,557 43,579,557
Effect of dilutive securities:        
Warrants $ 0   $ 0 $ 0
Options $ 0   $ 0 $ 0
Diluted weighted-average common shares outstanding 43,579,557 43,579,557 43,579,557 43,579,557
Basic income (loss) per share $ 0.03 $ (0.20) $ (0.16) $ (0.25)
Diluted income (loss) per share $ 0.03 $ (0.20) $ (0.16) $ (0.25)