Vessels (Tables)

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Schedule of vessel and vessel improvements

The Vessel and vessel improvements roll forward as of September 30, 2019 consisted of the following:

Vessels and vessel improvements, at December 31, 2018	$	682,944,936
Advance paid for purchase of Capetown Eagle at December 31, 2018	2,040,000
Purchase of Vessel and Vessel Improvements	81,365,090
Sale of vessels	(14,757,027		)
Scrubbers and BWTS	5,908,002
Depreciation Expense	(24,656,336		)
Vessels and vessel improvements, at September 30, 2019	$	732,844,665