Derivative Instruments (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2020 USD ($) t $ / d $ / T	Jun. 30, 2019 USD ($)	Dec. 31, 2020 vessel	Dec. 31, 2019 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of derivative instruments - current	$ 3,179,011		$ 3,179,011			$ 756,229
Fair value of derivative instruments - non current						0
Designated as Hedging Instrument | Fair value of derivative instruments - current
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of derivative instruments - current	347,794		347,794			0
Designated as Hedging Instrument | Fair value of derivative instruments - noncurrent
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of derivative instruments - non current	573,361		573,361			0
Level 2 | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives not designated as hedging instruments, location of (gain)/loss recognized	859,814	$ 163,105	(7,002,027)	$ (2,275,150)
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount outstanding	$ 174,240,668		$ 174,240,668			0
Interest Rate Swap | New Ultraco Debt Facility | March 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap detail	0.64%		0.64%
Notional Amount outstanding	$ 76,101,584		$ 76,101,584			0
Interest Rate Swap | New Ultraco Debt Facility | April 15, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap detail	0.58%		0.58%
Notional Amount outstanding	$ 38,050,792		$ 38,050,792			0
Interest Rate Swap | New Ultraco Debt Facility | June 25, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Swap detail	0.50%		0.50%
Notional Amount outstanding	$ 60,088,292		$ 60,088,292			0
High Sulfur Fuel Cost Spread | Expiring In 2020
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional mass (metric tons) | t			6,000
High Sulfur Fuel Cost Spread | Expiring In 2020 | Minimum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			266
High Sulfur Fuel Cost Spread | Expiring In 2020 | Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			290
Low Sulfur Fuel Cost Spread | Expiring In 2020
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional mass (metric tons) | t			6,000
Low Sulfur Fuel Cost Spread | Expiring In 2020 | Minimum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			446
Low Sulfur Fuel Cost Spread | Expiring In 2020 | Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			467
Low Sulfur Fuel Cost Spread | Expiring In 2021
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional mass (metric tons) | t			18,000
Low Sulfur Fuel Cost Spread | Expiring In 2021 | Minimum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			425
Low Sulfur Fuel Cost Spread | Expiring In 2021 | Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			441
Bunker Swaps | Expiring In 2020
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional mass (metric tons) | t			21,100
Bunker Swaps | Expiring In 2020 | Minimum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			140
Bunker Swaps | Expiring In 2020 | Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			524
Bunker Swaps | Expiring In 2021
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional mass (metric tons) | t			18,000
Bunker Swaps | Expiring In 2021 | Minimum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			283
Bunker Swaps | Expiring In 2021 | Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			286
FFAs - realized gain | Forecast
Derivative Instruments, Gain (Loss) [Line Items]
Number of days hedged | vessel					3,240
FFAs - realized gain | Minimum
Derivative Instruments, Gain (Loss) [Line Items]
Vessel hiring rate (in dollars per day) | $ / d			7,500
FFAs - realized gain | Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Vessel hiring rate (in dollars per day) | $ / d			11,650
FFAs - realized gain | Other current assets
Derivative Instruments, Gain (Loss) [Line Items]
Collateral related to derivative instruments under collateral security arrangements	4,200,000		$ 4,200,000			600,000
FFAs - realized gain | Level 2 | Not Designated as Hedging Instrument | Other current assets
Derivative Instruments, Gain (Loss) [Line Items]
Derivative asset	236,700		236,700			475,650
FFAs - realized gain | Level 2 | Realized and unrealized (gain)/loss on derivative instruments, net | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives not designated as hedging instruments, location of (gain)/loss recognized	(504,972)	(815,299)	(684,477)	(254,393)
FFAs - unrealized loss/(gain) | Level 2 | Realized and unrealized (gain)/loss on derivative instruments, net | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives not designated as hedging instruments, location of (gain)/loss recognized	3,537,458	854,595	2,096,783	(876,600)
Bunker swaps - realized gain | Level 2 | Realized and unrealized (gain)/loss on derivative instruments, net | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives not designated as hedging instruments, location of (gain)/loss recognized	(6,659,102)	(28,330)	(7,235,567)	(69,338)
Bunker swaps - unrealized loss/(gain) | Level 2 | Not Designated as Hedging Instrument | Other current assets
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liability	1,595,532		1,595,532			96,043
Bunker swaps - unrealized loss/(gain) | Level 2 | Not Designated as Hedging Instrument | Fair value of derivatives - current
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liability	1,753,830		1,753,830			0
Bunker swaps - unrealized loss/(gain) | Level 2 | Realized and unrealized (gain)/loss on derivative instruments, net | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives not designated as hedging instruments, location of (gain)/loss recognized	4,486,430	$ 152,139	(1,178,766)	$ (1,074,819)
Bunker swaps - Unrealized loss | Level 2 | Not Designated as Hedging Instrument | Fair value of derivatives - current
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liability	$ 1,077,387		$ 1,077,387			$ 756,229