Condensed Consolidated Balance Sheets - USD ($)		Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents		$ 83,408,816	$ 53,583,898
Restricted cash - current		1,872,244	5,471,470
Accounts receivable, net of a reserve of $2,325,589 and $2,472,345, respectively		12,998,480	19,982,871
Prepaid expenses		2,724,668	4,631,416
Inventories		11,693,931	15,824,278
Vessel held for sale		5,168,600	0
Derivative asset and other current assets		6,811,942	1,039,430
Total current assets		124,678,681	100,533,363
Noncurrent assets:
Vessel and vessel improvements, at cost, net of accumulated depreciation		833,570,710	835,959,084
Operating lease right-of-use assets		10,669,431	20,410,037
Other fixed assets, net of accumulated depreciation		549,855	740,654
Restricted cash - noncurrent		0	74,917
Deferred drydock costs, net		22,699,341	17,495,270
Deferred financing costs - Super Senior Facility		0	166,111
Advance for scrubbers, ballast water systems and other assets		2,860,736	26,707,700
Total noncurrent assets		870,350,073	901,553,773
Total assets		995,028,754	1,002,087,136
Current liabilities:
Accounts payable		13,312,496	13,483,397
Accrued interest		7,171,472	5,321,089
Other accrued liabilities		8,549,199	28,996,836
Fair value of derivative instruments - current		4,090,188	756,229
Current portion of operating lease liabilities		10,848,313	13,255,978
Unearned charter hire revenue		5,989,235	4,692,259
Current portion of long-term debt		39,244,297	35,709,394
Total current liabilities		89,205,200	102,215,182
Noncurrent liabilities:
Total debt		458,022,187	410,067,224
Operating lease liabilities		793,917	8,301,793
Total noncurrent liabilities		459,497,104	418,369,017
Total liabilities		548,702,304	520,584,199
Commitments and contingencies
Stockholders' equity:
Preferred stock		0	0
Common stock		102,797	102,146
Additional paid-in capital	[1]	919,601,124	918,475,145
Accumulated deficit		(472,252,726)	(437,074,354)
Accumulated other comprehensive loss		(1,124,745)	0
Total stockholders' equity		446,326,450	481,502,937
Total liabilities and stockholders' equity		995,028,754	1,002,087,136
Fair value of derivative instruments - noncurrent | Designated as Hedging Instrument
Noncurrent liabilities:
Fair value of derivative instruments - non current		681,000	0
Norwegian Bond Debt Facility
Noncurrent liabilities:
Total debt		172,932,556	175,867,310
New First Lien Facility
Noncurrent liabilities:
Total debt		14,882,677	0
New Ultraco Debt Facility
Noncurrent liabilities:
Total debt		139,546,175	141,396,770
New Ultraco Debt Facility Revolver Loan
Noncurrent liabilities:
Total debt		35,000,000	0
Convertible Bond Debt
Noncurrent liabilities:
Total debt		$ 95,660,779	$ 92,803,144

[1] Adjusted to give effect for the 1-for-7 Reverse Stock Split that became effective as of September 15, 2020, see Note 1