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QUARTERLY FINANCIAL DATA (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017 and 2016.
 
 
 
First
Quarter
2017
 
Second
Quarter
2017
 
Third
Quarter
2017
 
Fourth
Quarter
2017
 
Total Income (Loss)
 
$
(10,890,297)
 
$
(9,670,343)
 
$
10,047,404
 
$
13,164,906
 
Total Expenses
 
 
256,646
 
 
225,381
 
 
214,528
 
 
233,160
 
Net Income (Loss)
 
$
(11,146,943)
 
$
(9,895,724)
 
$
9,832,876
 
$
12,931,746
 
Net Income (Loss) per Share
 
$
(1.87)
 
$
(1.73)
 
$
1.52
 
$
2.74
 
 
 
 
First
Quarter
2016
 
Second
Quarter
2016
 
Third
Quarter
2016
 
Fourth
Quarter
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