Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
First Lien Facility [Member]
Noncurrent liabilities:
Lien Facility, net of debt issuance costs	$ 193,591,587	$ 225,577,491
Second Lien Facility [Member]
Noncurrent liabilities:
Lien Facility, net of debt issuance costs	59,795,481
Cash and cash equivalents	16,768,574	$ 24,896,161
Accounts receivable	7,096,206	7,076,528
Prepaid expenses	2,633,930	3,232,763
Inventories	5,596,345	5,574,406
Other assets	112,486	245,569
Total current assets	32,207,541	41,025,427
Vessels and vessel improvements, at cost, net of accumulated depreciation of $58,027,166 and $49,148,080, respectively	719,026,871	733,960,731
Other fixed assets, net of accumulated amortization of $183,670 and $159,827, respectively	592,970	220,509
Restricted cash	141,161	141,161
Deferred drydock costs	11,928,415	11,146,009
Other assets	117,113	109,287
Total noncurrent assets	731,806,530	745,577,697
Total assets	764,014,071	786,603,124
Accounts payable	11,411,500	8,216,473
Accrued interest	327,283	401,232
Other accrued liabilities	10,798,848	10,827,075
Fair value below contract value of time charters acquired	820,313	1,283,926
Unearned charter hire revenue	$ 2,144,022	1,560,402
Current portion of long-term debt		15,625,000
Total current liabilities	$ 25,501,966	37,914,108
Other liabilities	720,915	672,941
Fair value below contract value of time charters acquired	4,511,717	4,094,122
Total noncurrent liabilities	258,619,700	230,344,554
Total liabilities	284,121,666	268,258,662
Stockholders' equity:
Common stock, $.01 par value, 150,000,000 shares authorized, 45,091,578 and 37,666,059 shares issued and outstanding, respectively	450,916	376,661
Additional paid-in capital	678,565,852	677,813,494
Accumulated deficit	(199,124,363)	(159,845,693)
Total stockholders' equity	479,892,405	518,344,462
Total liabilities and stockholders' equity	$ 764,014,071	$ 786,603,124