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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Revenues, net $ 69,092,740 $ 62,710,903 $ 223,402,049 $ 162,197,184
Voyage expenses 15,126,287 17,462,699 54,845,843 44,195,710
Vessel expenses 19,568,961 20,110,123 61,224,734 57,374,444
Charter hire expenses 7,459,921 9,652,468 27,836,243 19,971,380
Depreciation and amortization 9,460,192 8,980,992 28,009,067 24,494,397
General and administrative expenses 8,882,790 8,620,938 27,692,259 24,989,738
Gain on sale of vessels (235,695) (202,487) (340,768) (2,100,386)
Total operating expenses 60,262,456 64,624,733 199,267,378 168,925,283
Operating income/(loss) 8,830,284 (1,913,830) 24,134,671 (6,728,099)
Interest expense 6,574,826 7,836,999 19,222,906 21,140,746
Interest income (130,020) (142,940) (337,248) (518,379)
Other expense /(income) (199,344) 647,457 (839,321) (138,206)
Total other expense, net 6,245,462 8,341,516 18,046,337 20,484,161
Net income/(loss) $ 2,584,822 $ (10,255,346) $ 6,088,334 $ (27,212,260)
Weighted average shares outstanding:        
Basic (in shares) 70,649,556 70,329,252 70,539,951 68,782,517
Diluted (in shares) 72,356,655 70,329,252 71,855,683 68,782,517
Per share amounts:        
Basic income/(loss) (in dollars per share) $ 0.04 $ (0.15) $ 0.09 $ (0.40)
Diluted income/(loss) (in dollars per share) $ 0.04 $ (0.15) $ 0.08 $ (0.40)