XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (Unaudited) (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 19,827,606 $ 19,682,724
Accounts receivable, net 13,721,595 11,197,101
Prepaid expenses 7,818,159 5,501,081
Inventories 6,735,101 9,610,272
Investment 11,715,793 13,817,439
Other assets 4,495,176 2,122,574
Total current assets 64,313,430 61,931,191
Noncurrent assets:    
Vessels and vessel improvements, at cost, net of accumulated, depreciation of $407,926,586 and $389,545,066, respectively 1,621,173,848 1,639,555,368
Other fixed assets, net of accumulated amortization of $606,976 and $574,532, respectively 349,394 361,306
Restricted cash 66,243 66,243
Deferred drydock costs 4,033,139 3,826,685
Deferred financing costs 14,262,767 16,278,544
Other assets 1,323,515 1,394,964
Total noncurrent assets 1,641,208,906 1,661,483,110
Total assets 1,705,522,336 1,723,414,301
Current liabilities:    
Accounts payable 4,618,061 6,422,306
Accrued interest 152,139 153,885
Other accrued liabilities 7,731,467 6,211,224
Unearned charter hire revenue 4,855,641 5,387,844
Term loans 1,129,478,741 1,129,478,741
Payment-in-kind loans 51,903,212 44,565,437
Total current liabilities 1,198,739,261 1,192,219,437
Total liabilities 1,198,739,261 1,192,219,437
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, 16,902,213 and 16,783,071 shares issued and outstanding, respectively 169,020 167,828
Additional paid-in capital 767,102,359 766,823,808
Retained earnings (net of accumulated dividends declared of $262,118,388 as of March 31, 2014 and December 31, 2013, respectively) (258,386,658) (235,796,772)
Accumulated other comprehensive loss (2,101,646)  
Total stockholders' equity 506,783,075 531,194,864
Total liabilities and stockholders' equity $ 1,705,522,336 $ 1,723,414,301