Fair Value Measurements (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 72,222,728	$ 59,130,285
Liabilities
Long-term debt	516,420,316
Restricted cash	3,000,000.0	5,500,000
Norwegian Bond Debt Facility
Liabilities
Long-term debt	188,000,000	188,000,000
New Ultraco Debt Facility
Liabilities
Long-term debt	211,800,316	172,613,988
Super Senior Facility
Liabilities
Long-term debt	2,500,000
Convertible Bond Debt
Liabilities
Long-term debt	114,120,000	114,120,000
Recurring | Level 1
Assets
Cash and cash equivalents	72,222,728	59,130,285
Recurring | Level 1 | Norwegian Bond Debt Facility
Liabilities
Long-term debt	0	0
Recurring | Level 1 | New Ultraco Debt Facility
Liabilities
Long-term debt	0	0
Recurring | Level 1 | Super Senior Facility
Liabilities
Long-term debt	0
Recurring | Level 1 | Convertible Bond Debt
Liabilities
Long-term debt	0	0
Recurring | Level 2
Assets
Cash and cash equivalents	0	0
Recurring | Level 2 | Norwegian Bond Debt Facility
Liabilities
Long-term debt	128,780,000	192,626,680
Recurring | Level 2 | New Ultraco Debt Facility
Liabilities
Long-term debt	211,800,316	172,613,988
Recurring | Level 2 | Super Senior Facility
Liabilities
Long-term debt	2,500,000
Recurring | Level 2 | Convertible Bond Debt
Liabilities
Long-term debt	$ 104,020,380	$ 118,844,868