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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current assets:  
Cash and cash equivalents$ 27,273,994$ 129,121,680
Accounts receivable22,482,46614,366,495
Prepaid expenses3,658,5813,459,721
Inventories8,277,6963,190,052
Fair value above contract value of time charters acquired573,428594,611
Total current assets62,266,165150,732,559
Noncurrent assets:  
Vessels and vessel improvements, at cost, net of accumulated depreciation of $220,746,446 and $176,824,438, respectively1,762,282,0001,509,798,249
Advances for vessel construction22,292,800191,477,225
Other fixed assets, net of accumulated amortization of $274,224 and $153,375, respectively642,287420,204
Restricted cash1,921,86019,790,341
Deferred drydock costs3,319,8814,217,071
Deferred financing costs12,928,46816,458,496
Fair value above contract value of time charters acquired3,182,0703,608,812
Other assets and accounts receivable, net of allowance4,160,02070,001
Total noncurrent assets1,810,729,3861,745,840,399
Total assets1,872,995,5511,896,572,958
Current liabilities:  
Accounts payable9,398,6536,089,273
Accrued interest4,640,6996,651,554
Other accrued liabilities14,560,1075,850,474
Deferred revenue and fair value below contract value of time charters acquired6,009,3105,705,326
Unearned revenue5,857,6866,091,332
Fair value of derivative instruments505,647127,758
Total current liabilities40,972,10230,515,717
Noncurrent liabilities:  
Long-term debt1,129,478,7411,151,354,476
Deferred revenue and fair value below contract value of time charters acquired18,914,50423,480,740
Fair value of derivative instruments13,444,55222,135,507
Total noncurrent liabilities1,161,837,7971,196,970,723
Total liabilities1,202,809,8991,227,486,440
Commitment and contingencies  
Stockholders' equity:  
Preferred stock, $.01 par value, 25,000,000 shares authorized, none issued00
Common stock, $.01 par value, 100,000,000 shares authorized, 62,663,821 shares issued and outstanding626,638625,604
Additional paid-in capital743,779,073738,251,158
Retained earnings (net of accumulated dividends declared of $262,118,388 as of September 30, 2011 and December 31, 2010, respectively)(60,775,507)(47,654,737)
Accumulated other comprehensive loss(13,444,552)(22,135,507)
Total stockholders' equity670,185,652669,086,518
Total liabilities and stockholders' equity$ 1,872,995,551$ 1,896,572,958