Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 20,090,248	$ 19,682,724
Accounts receivable	15,723,575	11,197,101
Prepaid expenses	4,118,408	5,501,081
Inventories	8,675,172	9,610,272
Investment	13,118,370	13,817,439
Deferred financing costs	4,042,989
Other assets	4,607,794	2,122,574
Total current assets	70,376,556	61,931,191
Noncurrent assets:
Vessels and vessel improvements, at cost, net of accumulated depreciation of $426,434,009 and $389,545,066, respectively	1,602,816,181	1,639,555,368
Other fixed assets, net of accumulated amortization of $640,385 and $574,532, respectively	331,898	361,306
Restricted cash	66,243	66,243
Deferred drydock costs	4,741,585	3,826,685
Deferred financing costs		16,278,544
Other assets	3,530,967	1,394,964
Total noncurrent assets	1,611,486,874	1,661,483,110
Total assets	1,681,863,430	1,723,414,301
Current liabilities:
Accounts payable	5,455,872	6,422,306
Accrued interest	10,776,833	153,885
Other accrued liabilities	10,713,019	6,211,224
Unearned charter hire revenue	2,255,864	5,387,844
Term loans	1,129,478,741	1,129,478,741
Payment-in-kind loans	59,368,891	44,565,437
Total current liabilities	1,218,049,220	1,192,219,437
Total liabilities	1,218,049,220	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, 16,933,017 and 16,783,071 shares issued and outstanding, respectively	169,328	167,828
Additional paid-in capital	767,390,668	766,823,808
Retained earnings (net of accumulated dividends declared of $262,118,388 as of June 30, 2014 and December 31, 2013, respectively)	(303,046,717)	(235,796,772)
Accumulated other comprehensive loss	(699,069)
Total stockholders' equity	463,814,210	531,194,864
Total liabilities and stockholders' equity	$ 1,681,863,430	$ 1,723,414,301