XML 91 R73.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 19 - Condensed Financial Information for Eagle Bulk Shipping Inc. (Parent Company Only) - Consolidated Balance Sheets (Parent Company Only) (Details) - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Oct. 15, 2014
Noncurrent liabilities:        
Commitment and contingencies    
Parent Company [Member]        
Current assets:        
Cash and cash equivalents 62,326,786 22,104,462 $ 26,907,247 $ 34,717,943
Prepaid expenses 376,215 411,214    
Total current assets 62,703,001 22,515,676    
Noncurrent assets:        
Investment in subsidiaries* 338,340,211 737,821,862    
Other assets 310,000    
Total noncurrent assets 338,650,211 737,821,862    
Total assets 401,353,212 760,337,538    
Current liabilities:        
Accounts payable 189,039 366,603    
Accrued interest 401,232    
Current portion of long-term debt 15,625,000    
Other accrued liabilities 681,534 22,750    
Total current liabilities 870,573 16,415,585    
Noncurrent liabilities:        
Total debt 225,577,491    
Total noncurrent liabilities 225,577,491    
Total liabilities 870,573 241,993,076    
Commitment and contingencies    
Stockholders' equity:        
Preferred stock, $.01 par value, 25,000,000 shares authorized, none issued as of December 31, 2016    
Common stock, $0.01 par value, 700,000,000 shares authorized, 48,106,827 and 1,883,303 shares issued and outstanding as of December 31, 2016 and 2015, respectively 481,069 18,833    
Additional paid-in capital 783,369,698 678,171,322    
Accumulated deficit (383,368,128) (159,845,693)    
Total stockholders' equity 400,482,639 518,344,462    
Total liabilities and stockholders' equity $ 401,353,212 $ 760,337,538