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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Revenues, net $ 74,378,319 $ 77,389,597
Voyage expenses 26,564,358 25,906,140
Vessel expenses 23,700,109 20,093,706
Charter hire expenses 6,040,939 11,491,906
Depreciation and amortization 12,466,483 9,407,108
General and administrative expenses 7,961,072 8,409,919
Gain on sale of vessels 0 (4,106,547)
Total operating expenses 76,732,961 71,202,232
Operating (loss)/income (2,354,642) 6,187,365
Interest expense 9,191,815 6,762,003
Interest income (156,857) (434,318)
Loss on debt extinguishment 0 2,268,452
Realized and unrealized (gain)/loss on derivative instruments, net (7,861,841) (2,438,255)
Total other expense, net 1,173,117 6,157,882
Net (loss)/income $ (3,527,759) $ 29,483
Weighted average shares outstanding:    
Basic (in shares) 71,869,152 71,283,301
Diluted (in shares) 71,869,152 72,070,868
Per share amounts:    
Basic net (loss)/income (in usd per share) $ (0.05) $ 0
Diluted net (loss)/income (in usd per share) $ (0.05) $ 0