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Cash, cash equivalents, and Restricted cash
 3 Months Ended
Mar. 31, 2020
Cash and Cash Equivalents [Abstract]  
Cash, cash equivalents, and Restricted cash Cash, cash equivalents, and Restricted cash
The following table provides a reconciliation of Cash and cash equivalents and Restricted cash reported within the consolidated balance sheets that sum to the total of the amounts shown in the condensed consolidated statements of cash flows:


March 31, 2020December 31, 2019March 31, 2019December 31, 2018
Cash and cash equivalents$69,229,926  $53,583,898  $60,715,204  $67,209,753  
Restricted cash - current2,917,885  5,471,470  —  —  
Restricted cash - noncurrent74,917  74,917  19,283,145  10,953,885  
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows$72,222,728  $59,130,285  $79,998,349  $78,163,638  

Amounts included in restricted cash represent those required to be set aside by the Norwegian Bond Debt, as defined in Note 4 below. The restriction will lapse when the funds are used for purchase of vessels or installation of scrubbers.