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QUARTERLY FINANCIAL DATA (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Information
The following summarized (unaudited) quarterly financial information presents the results of operations and other data for three-month periods ended March 31, June 30, September 30 and December 31, 2016 and 2015.
 
 
 
First
 
Second
 
Third
 
Fourth
 
 
 
Quarter
 
Quarter
 
Quarter
 
Quarter
 
 
 
2016
 
2016
 
2016
 
2016
 
Total Income (Loss)
 
$
1,522,157
 
$
19,948,048
 
$
(2,704,986)
 
$
11,414,019
 
Total Expenses
 
 
168,348
 
 
208,254
 
 
206,706
 
 
222,565
 
Net Income (Loss)
 
$
1,353,809
 
$
19,739,794
 
$
(2,911,692)
 
$
11,191,454
 
Net Income (Loss) per Share
 
$
(0.65)
 
$
2.99
 
$
(0.59)
 
$
1.64
 
 
 
 
First
 
Second
 
Third
 
Fourth
 
 
 
Quarter
 
Quarter
 
Quarter
 
Quarter
 
 
 
2015
 
2015
 
2015
 
2015
 
Total Income (Loss)
 
$
(5,092,160)
 
$
8,888,385
 
$
(19,144,755)
 
$
(12,030,910)
 
Total Expenses
 
 
125,096
 
 
174,595
 
 
141,411
 
 
134,404
 
Net Income (Loss)
 
$
(5,217,256)
 
$
8,713,790
 
$
(19,286,166)
 
$
(12,165,314)
 
Net Income (Loss) per Share
 
$
(2.63)
 
$
2.88
 
$
(6.39)
 
$
(3.45)