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Cash, cash equivalents, and Restricted cash
 9 Months Ended
Sep. 30, 2020
Cash and Cash Equivalents [Abstract]  
Cash, cash equivalents, and Restricted cash Cash, cash equivalents, and Restricted cash
The following table provides a reconciliation of Cash and cash equivalents and Restricted cash reported within the consolidated balance sheets that sum to the total of the amounts shown in the condensed consolidated statements of cash flows:


September 30, 2020December 31, 2019September 30, 2019December 31, 2018
Cash and cash equivalents$83,408,816 $53,583,898 $71,537,108 $67,209,753 
Restricted cash - current1,872,244 5,471,470 — — 
Restricted cash - noncurrent— 74,917 29,586,342 10,953,885 
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows$85,281,060 $59,130,285 $101,123,450 $78,163,638 

Amounts included in restricted cash represent the letter of credit on our office leases and the cash required to be set aside by the Norwegian Bond Debt, as defined in Note 4 above. The restriction lapsed when the funds were used for the purchase of one Ultramax vessel or the installation of scrubbers.