Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 19,925,769	$ 18,119,968
Accounts receivable, net	11,144,155	9,303,958
Prepaid expenses	3,328,383	3,544,810
Inventories	12,111,008	12,083,125
Investment	22,110,249	197,509
Other assets and Fair value above contract value of time charters acquired	3,864,251	549,965
Total current assets	72,483,815	43,799,335
Noncurrent assets:
Vessels and vessel improvements, at cost, net of accumulated depreciation of $370,705,330 and $314,700,681, respectively	1,658,395,104	1,714,307,653
Other fixed assets, net of accumulated amortization of $640,374 and $515,896, respectively	364,868	447,716
Restricted cash	66,243	276,056
Deferred drydock costs	3,177,196	2,132,379
Deferred financing costs	18,840,341	25,095,469
Fair value above contract value of time charters acquired		2,491,530
Other assets	861,988	594,012
Total noncurrent assets	1,681,705,740	1,745,344,815
Total assets	1,754,189,555	1,789,144,150
Current liabilities:
Accounts payable	10,937,962	10,235,007
Accrued interest	268,430	2,430,751
Other accrued liabilities	9,849,461	14,330,141
Deferred revenue and fair value below contract value of time charters acquired		3,237,694
Unearned charter hire revenue	4,383,930	3,755,166
Fair value of derivative instruments		2,243,833
Total current liabilities	25,439,783	36,232,592
Long-term debt	1,129,478,741	1,129,478,741
Payment-in-kind loans	37,112,217	15,387,468
Deferred revenue and fair value below contract value of time charters acquired		13,850,772
Total noncurrent liabilities	1,166,590,958	1,158,716,981
Total liabilities	1,192,030,741	1,194,949,573
Stockholders' equity:
Preferred stock, $.01 par value, 25,000,000 shares authorized, none issued	0	0
Common stock, $.01 par value, 100,000,000 shares authorized, 16,658,417 and 16,638,092 shares issued and outstanding, respectively	166,581	166,378
Additional paid-in capital	766,562,470	762,313,030
Retained earnings (net of historical dividends declared of $262,118,388)	(204,570,237)	(165,275,389)
Accumulated other comprehensive loss		(3,009,442)
Total stockholders' equity	562,158,814	594,194,577
Total liabilities and stockholders' equity	$ 1,754,189,555	$ 1,789,144,150