XML 31 R15.htm IDEA: XBRL DOCUMENT v3.19.1
Deferred Drydock Costs
 12 Months Ended
Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Drydock Costs
Deferred Drydock Costs
 
Drydocking activity is summarized as follows:
 
 
 
December 31, 2018
 
December 31, 2017
 
December 31, 2016
Beginning Balance
 
$
9,749,751

 
$
11,507,309

 
$
11,146,009

Drydocking costs
 
8,323,191

 
2,579,111

 
3,688,711

Drydock amortization
 
(5,353,102
)
 
(4,336,669
)
 
(3,327,411
)
Write-off due to sale of vessels *
 
(533,484
)
 
—

 
—

Ending Balance
 
$
12,186,356

 
$
9,749,751

 
$
11,507,309


* The Company wrote off drydock expenses of $0.5 million relating to the sale of vessels Avocet and Thrush, which was recorded in (gain)/loss on sale of vessels in the Consolidated Statement of Operations for the year ended December 31, 2018.