XML 79 R61.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments and Contingencies - Narrative (Details)
1 Months Ended 12 Months Ended
May 10, 2017
USD ($)
t
$ / d
Oct. 15, 2015
USD ($)
Jan. 31, 2018
USD ($)
Oct. 31, 2014
t
$ / d
Dec. 31, 2017
USD ($)
t
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 29, 2017
USD ($)
Dec. 19, 2017
USD ($)
Jun. 28, 2017
USD ($)
Apr. 28, 2017
t
Operating Leased Assets [Line Items]                      
Rent expense         $ 666,320 $ 840,303 $ 2,591,489        
Restricted cash         $ 74,917 74,917          
Carrying capacity (in dead weight tonnage) | t         2,683,751            
Ultraco Debt Facility                      
Operating Leased Assets [Line Items]                      
Draw down amount         $ 61,200,000 $ 0 0        
Ultraco Lenders | Ultraco Debt Facility                      
Operating Leased Assets [Line Items]                      
Deposit paid on purchase of vessel         2,200,000            
Draw down amount         $ 61,200,000            
Ultraco Lenders | Ultraco Debt Facility | Eagle Bulk Ultraco LLC                      
Operating Leased Assets [Line Items]                      
Increase in commitments maximum amount               $ 8,600,000   $ 61,200,000  
Japanese Vessel                      
Operating Leased Assets [Line Items]                      
Carrying capacity (in dead weight tonnage) | t       37,000              
Term of charter agreement       7 years              
Charters agreement extension option       1 year              
Vessel agreement termination fee $ 1,500,000                    
Japanese Vessel | First Seven Years                      
Operating Leased Assets [Line Items]                      
Vessel hire rate | $ / d       13,500              
Japanese Vessel | Eighth Year Option                      
Operating Leased Assets [Line Items]                      
Vessel hire rate | $ / d       13,750              
2013 Built Japanese Vessel                      
Operating Leased Assets [Line Items]                      
Carrying capacity (in dead weight tonnage) | t 61,400                   61,400
Term of charter agreement 4 years       4 years            
Charters agreement extension option 2 years       2 years            
2013 Built Japanese Vessel | First Four Years                      
Operating Leased Assets [Line Items]                      
Vessel hire rate | $ / d 12,800                    
2013 Built Japanese Vessel | First Optional Year                      
Operating Leased Assets [Line Items]                      
Vessel hire rate | $ / d 13,800                    
2013 Built Japanese Vessel | Second Optional Year                      
Operating Leased Assets [Line Items]                      
Vessel hire rate | $ / d 14,300                    
2015 Built Ultramax Vessel                      
Operating Leased Assets [Line Items]                      
Vessel purchase price                 $ 21,275,000    
Deposit paid on purchase of vessel         $ 2,200,000            
Letter of Credit                      
Operating Leased Assets [Line Items]                      
Restricted cash   $ 74,917                  
Subsequent Event | Ultraco Lenders | Ultraco Debt Facility                      
Operating Leased Assets [Line Items]                      
Draw down amount     $ 8,600,000                
Lease Agreement for Office Space in Stamford                      
Operating Leased Assets [Line Items]                      
Average Annual Rent Expense   $ 419,536                  
Lease Agreement for New York Office Space                      
Operating Leased Assets [Line Items]                      
Early termination fee             $ 1,334,301