Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 32,497,858	$ 19,682,724
Accounts receivable, net	12,219,469	11,197,101
Prepaid expenses	3,916,392	5,501,081
Inventories	10,583,049	9,610,272
Investment	13,375,151	13,817,439
Other assets	4,020,441	2,122,574
Total current assets	76,612,360	61,931,191
Noncurrent assets:
Vessels and vessel improvements, at cost, net of accumulated depreciation of $445,113,585 and $389,545,066, respectively	1,584,136,605	1,639,555,368
Other fixed assets, net of accumulated amortization of $676,801 and $574,532, respectively	449,567	361,306
Restricted cash	66,243	66,243
Deferred drydock costs	5,463,714	3,826,685
Deferred financing costs		16,278,544
Other assets	3,372,660	1,394,964
Total noncurrent assets	1,593,488,789	1,661,483,110
Total assets	1,670,101,149	1,723,414,301
Current liabilities not subject to compromise:
Accounts payable	5,644,632	6,422,306
Accrued interest	89,930	153,885
Other accrued liabilities	11,508,045	6,211,224
Unearned charter hire revenue	2,442,991	5,387,844
Debt-In-Possession loan	25,000,000
Term loans	1,129,478,741	1,129,478,741
Payment-in-kind loans	62,423,569	44,565,437
Total current liabilities not subject to compromise	44,685,598	1,192,219,437
Liabilities subject to compromise:
Term loans	1,129,478,741
Payment-in-kind loans	62,423,569
Accrued interest	15,102,925
Total liabilities subject to compromise	1,207,005,235
Total liabilities	1,251,690,833	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, 18,553,948 and 16,783,071 shares issued and outstanding, respectively	185,537	167,828
Additional paid-in capital	767,571,438	766,823,808
Retained earnings (net of accumulated dividends declared of $262,118,388 as of September 30, 2014 and December 31, 2013, respectively)	(348,904,371)	(235,796,772)
Accumulated other comprehensive loss	(442,288)
Total stockholders' equity	418,410,318	531,194,864
Total liabilities and stockholders' equity	$ 1,670,101,149	$ 1,723,414,301