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Debt (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Debt
June 30, 2020December 31, 2019
Convertible Bond Debt$114,120,000  $114,120,000  
Debt discount and debt issuance costs - Convertible Bond Debt(19,434,199) (21,316,856) 
Convertible Bond Debt, net of debt discount and debt issuance costs94,685,801  92,803,144  
Norwegian Bond Debt184,000,000  188,000,000  
Debt discount and debt issuance costs - Norwegian Bond Debt(3,425,118) (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 costs172,574,882  175,867,310  
New Ultraco Debt Facility 182,051,742  172,613,988  
Revolver loan under New Ultraco Debt Facility55,000,000  —  
Debt discount and Debt issuance costs - New Ultraco Debt Facility (3,650,021) (3,507,824) 
Less: Current portion - New Ultraco Debt Facility (31,244,297) (27,709,394) 
New Ultraco Debt Facility, net of debt discount and debt issuance costs202,157,424  141,396,770  
Super Senior Facility15,000,000  —  
Debt issuance costs - Super Senior Facility(131,003) —  
Super Senior Facility, net of debt discount and debt issuance costs14,868,997  —  
Total long-term debt $484,287,104  $410,067,224  
Schedule Of Interest Expense
The following table summarizes the Company’s total interest expense for:


Three Months EndedSix Months Ended
June 30, 2020June 30, 2019June 30, 2020June 30, 2019
New First Lien Facility interest
$—  $—  $—  $293,545  
Convertible Bond Debt interest1,426,500  —  2,852,950  —  
New Ultraco Debt Facility interest1,878,164  1,882,295  4,106,110  3,340,865  
Norwegian Bond Debt interest3,818,833  4,013,167  7,698,942  8,055,667  
Original Ultraco Debt Facility interest—  —  —  362,257  
Super Senior Facility interest27,998  —  27,998  —  
Amortization of debt discount and debt issuance costs1,542,205  625,213  3,046,071  1,128,929  
Commitment fees on revolving credit facilities43,379  212,481  196,823  313,896  
Total Interest expense$8,737,079  $6,733,156  $17,928,894  $13,495,159  
Schedule of Debt Maturities The following table presents the scheduled maturities of principal amounts of our debt obligations:
Norwegian Bond DebtSuper Senior FacilityNew Ultraco Debt Facility Convertible Bond Debt Total
Six months ending December 31, 2020$4,000,000  $—  $15,622,148  $—  $19,622,148  
20218,000,000  —  31,244,297  —  39,244,297  
2022172,000,000  15,000,000  31,244,297  —  218,244,297  
2023—  —  31,244,297  —  31,244,297  
2024—  —  127,696,703  114,120,000  241,816,703  
$184,000,000  $15,000,000  $237,051,742  $114,120,000  $550,171,742