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RECONCILIATION OF TOTAL INTEREST INCURRED COST (DETAILS) - USD ($) | 12 Months Ended
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Dec. 31, 2015 | Dec. 31, 2014
RECONCILIATION OF TOTAL INTEREST INCURRED COST DETAILS |  |
Total interest cost incurred | $ 1,165,164 | $ 1,244,346
Interest cost capitalized | 0 | 458,542
Interest expense | $ 1,165,164 | $ 785,804

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- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 + Details
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