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Debt (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Debt
March 31, 2020December 31, 2019
Convertible Bond Debt$114,120,000  $114,120,000  
Debt discount and debt issuance costs - Convertible Bond Debt(20,389,346) (21,316,856) 
Convertible Bond Debt, net of debt discount and debt issuance costs93,730,654  92,803,144  
Norwegian Bond Debt188,000,000  188,000,000  
Debt discount and debt issuance costs - Norwegian Bond Debt(3,778,904) (4,132,690) 
Less: Current Portion - Norwegian Bond Debt(8,000,000) (8,000,000) 
Norwegian Bond Debt, net of debt discount and debt issuance costs176,221,096  175,867,310  
New Ultraco Debt Facility 166,800,316  172,613,988  
Revolver loan under New Ultraco Debt Facility45,000,000  —  
Debt discount and Debt issuance costs - New Ultraco Debt Facility (3,293,010) (3,507,824) 
Less: Current Portion - New Ultraco Debt Facility (29,194,297) (27,709,394) 
New Ultraco Debt Facility, net of debt discount and debt issuance costs179,313,009  141,396,770  
Super Senior Facility2,500,000  —  
Debt discount and debt issuance costs - Super Senior Facility(144,535) —  
Super Senior Facility, net of debt discount and debt issuance costs2,355,465  —  
Total long-term debt $451,620,224  $410,067,224  
Schedule Of Interest Expense The following table summarizes the Company’s total interest expense for:
Three Months Ended
March 31, 2020March 31, 2019
New First Lien Facility interest$—  $293,545  
Convertible Bond Debt interest1,426,450  —  
New Ultraco Debt Facility interest2,227,946  1,458,570  
Norwegian Bond Debt interest3,880,108  4,042,500  
Original Ultraco Debt Facility interest—  362,257  
Amortization of debt discount and debt issuance costs1,503,866  503,716  
Commitment fees on revolving credit facilities153,445  101,415  
Total Interest expense$9,191,815  $6,762,003  
Schedule of Debt Maturities
The following table presents the scheduled maturities of principal amounts of our debt obligations, excluding the impact of any future vessel sales for the next five years.
Norwegian Bond DebtSuper Senior FacilityNew Ultraco Debt Facility Convertible Bond Debt Total
Nine months ending December 31, 2020$8,000,000  $—  $21,895,722  $—  $29,895,722  
20218,000,000  —  29,194,297  —  37,194,297  
2022172,000,000  2,500,000  29,194,297  —  203,694,297  
2023—  —  29,194,297  —  29,194,297  
2024—  —  102,321,703  114,120,000  216,441,703  
$188,000,000  $2,500,000  $211,800,316  $114,120,000  $516,420,316