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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2014
Oct. 15, 2014
Dec. 31, 2015
Dec. 31, 2013
Successor [Member]        
Cash flows from operating activities:        
Net Loss $ (11,548,728)   $ (148,296,965)  
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation $ 8,781,846   41,044,397  
Amortization of deferred drydocking costs   1,956,344  
Amortization of deferred financing costs $ 24,247   114,937  
Amortization of discount on Exit Facility $ 231,928   $ 2,031,379  
Reorganization items and fresh-start reporting adjustments, net    
Amortization of fair value below contract value of time charter acquired $ (235,709)   $ (948,741)  
Payment-in-kind interest on debt    
Net loss on sale of vessel   $ 5,696,675  
Impairment of vessels   $ 50,872,734  
Investment and other current assets    
Realized loss from sale of investment $ 884,426   $ 462,394  
Gain on time charter agreement termination    
Allowance for accounts receivable    
Non-cash compensation expense $ 2,121,505   $ 3,969,989  
Drydocking expenditures (1,960,792)   (11,141,561)  
Changes in operating assets and liabilities:        
Accounts receivable (1,007,975)   7,654,773  
Other assets 1,086,391   4,691,158  
Prepaid expenses 43,355   (19,833)  
Inventories 2,919,530   174,867  
Accounts payable (1,903,888)   (3,447,224)  
Accrued interest 516,849   (130,686)  
Accrued expenses $ (4,342)   $ 2,357,787  
Deferred revenue    
Unearned revenue $ (227,824)   $ (829,193)  
Net cash used in operating activities (279,181)   (43,786,769)  
Cash flows from investing activities:        
Vessel Improvements and other fixed assets (194,514)   (1,747,099)  
Proceeds from sale of Investment $ 4,400,278   7,838,346  
Proceeds from sale of vessel   $ 4,235,542  
Purchase of other fixed assets    
Changes in restricted cash   $ (74,918)  
Net cash provided by/(used in) investing activities $ 4,205,764   $ 10,251,871  
Cash flows from financing activities:        
Debtor-In-Possession Loan    
Repayment of Debtor-In-Possession Loan    
Long-Term borrowings    
Repayment of Term Loan   $ (19,625,000)  
Proceeds from Revolver Loan   40,000,000  
Financing costs paid to Lender   $ (500,000)  
Deferred financing costs    
Cash used to settle net share equity awards   $ (1,419,228)  
Net cash provided by/(used in) financing activities   18,455,772  
Net increase/(decrease) in cash and cash equivalents $ 3,926,583   (15,079,126)  
Cash and cash equivalents at beginning of period 36,048,704   39,975,287  
Cash and cash equivalents at end of period 39,975,287 $ 36,048,704 24,896,161  
Supplemental cash flow information:        
Cash paid during the period for Interest 1,586,303   $ 9,911,793  
Predecessor [Member]        
Cash flows from operating activities:        
Net Loss   (531,803,257)   $ (70,521,383)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation   58,717,282   75,003,864
Amortization of deferred drydocking costs   2,521,479   1,943,536
Amortization of deferred financing costs   $ 17,028,544   $ 8,032,925
Amortization of discount on Exit Facility    
Reorganization items and fresh-start reporting adjustments, net   $ 402,423,980  
Amortization of fair value below contract value of time charter acquired     $ (10,280,559)
Payment-in-kind interest on debt   $ 17,858,132   $ 29,177,969
Net loss on sale of vessel    
Impairment of vessels    
Investment and other current assets     $ (4,925,952)
Realized loss from sale of investment     18,832,333
Gain on time charter agreement termination     $ (29,033,503)
Allowance for accounts receivable   $ 2,289,509  
Non-cash compensation expense   1,072,383   $ 4,864,534
Drydocking expenditures   (3,802,796)   (3,637,842)
Changes in operating assets and liabilities:        
Accounts receivable   (4,815,734)   (1,893,143)
Other assets   (5,880,809)   (2,923,526)
Prepaid expenses   1,710,579   (1,956,271)
Inventories   941,469   2,472,853
Accounts payable   7,145,279   (3,812,701)
Accrued interest   14,964,109   (2,276,866)
Accrued expenses   $ 2,935,346   (7,286,917)
Deferred revenue     (3,766,413)
Unearned revenue   $ (2,770,425)   1,632,678
Net cash used in operating activities   (19,464,930)   (354,384)
Cash flows from investing activities:        
Vessel Improvements and other fixed assets   $ (291,244)   (92,100)
Proceeds from sale of Investment     $ 2,272,801
Proceeds from sale of vessel    
Purchase of other fixed assets   $ (199,421)   $ (73,068)
Changes in restricted cash     209,813
Net cash provided by/(used in) investing activities   $ (490,665)   $ 2,317,446
Cash flows from financing activities:        
Debtor-In-Possession Loan   25,000,000  
Repayment of Debtor-In-Possession Loan   (25,000,000)  
Long-Term borrowings   219,500,000  
Repayment of Term Loan   $ (182,603,425)  
Proceeds from Revolver Loan    
Financing costs paid to Lender    
Deferred financing costs   $ (575,000)   $ (48,000)
Cash used to settle net share equity awards     (352,306)
Net cash provided by/(used in) financing activities   $ 36,321,575   (400,306)
Net increase/(decrease) in cash and cash equivalents   16,365,980   1,562,756
Cash and cash equivalents at beginning of period $ 36,048,704 19,682,724   18,119,968
Cash and cash equivalents at end of period   36,048,704   19,682,724
Supplemental cash flow information:        
Cash paid during the period for Interest   10,886,687   $ 47,973,599
Repayment of Debtor-In-Possession Loan   (25,000,000)    
Long-Term borrowings   225,000,000    
Repayment of Term Loan   $ (182,603,425)