Derivative Instruments (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2020 USD ($)	Sep. 30, 2019 USD ($)	Sep. 30, 2020 USD ($) t $ / T $ / d	Sep. 30, 2019 USD ($)	Dec. 31, 2020 vessel	Dec. 31, 2019 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of derivative instruments - current	$ 4,090,188		$ 4,090,188			$ 756,229
Expected to be reclassified into the earnings within the next twelve months			500,000
Designated as Hedging Instrument | Fair value of derivative instruments - current
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of derivative instruments - current	443,745		443,745			0
Designated as Hedging Instrument | Fair value of derivative instruments - noncurrent
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of derivative instruments - non current	681,000		681,000			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	2,971,353	$ 2,915,063	(4,030,674)	$ 639,913
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
Interest Rate Swap | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Interest expense	105,114	0	$ 105,114	0
High Sulfur Fuel Cost Spread | Expiring In 2020
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional mass (metric tons) | t			3,000
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			3,000
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			2,700
Low Sulfur Fuel Cost Spread | Expiring In 2021 | Minimum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			282
Low Sulfur Fuel Cost Spread | Expiring In 2021 | Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			332
Bunker Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of derivative instruments - current	300,000		$ 300,000
Bunker Swaps | Expiring In 2020
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional mass (metric tons) | t			10,350
Bunker Swaps | Expiring In 2020 | Minimum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			186
Bunker Swaps | Expiring In 2020 | Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative contract price (usd per metric ton) | $ / T			524
FFAs - realized loss | Forecast
Derivative Instruments, Gain (Loss) [Line Items]
Number of days hedged | vessel					2,025
FFAs - realized loss | Minimum
Derivative Instruments, Gain (Loss) [Line Items]
Vessel hiring rate (in dollars per day) | $ / d			7,700
FFAs - realized loss | Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Vessel hiring rate (in dollars per day) | $ / d			11,650
FFAs - realized loss | Other current assets
Derivative Instruments, Gain (Loss) [Line Items]
Collateral related to derivative instruments under collateral security arrangements	2,500,000		$ 2,500,000			600,000
FFAs - realized loss | Level 2 | Not Designated as Hedging Instrument | Other current assets
Derivative Instruments, Gain (Loss) [Line Items]
Derivative asset	62,310		62,310			475,650
FFAs - realized loss | Level 2 | Realized and unrealized loss/(gain) 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	2,088,537	657,288	1,404,060	341,019
FFAs - unrealized loss | Level 2 | Realized and unrealized loss/(gain) 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	1,230,727	1,412,731	3,327,509	598,007
Bunker swaps - realized (gain)/loss | Level 2 | Realized and unrealized loss/(gain) 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	(1,059,570)	148,606	(8,295,136)	79,269
Bunker swaps - unrealized loss/(gain) | Level 2 | Not Designated as Hedging Instrument | Other current assets
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liability	370,360		370,360			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	2,730,770		2,730,770			0
Bunker swaps - unrealized loss/(gain) | Level 2 | Realized and unrealized loss/(gain) 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	711,659	$ 696,438	(467,107)	$ (378,382)
Bunker swaps - Unrealized loss | Level 2 | Not Designated as Hedging Instrument | Fair value of derivatives - current
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liability	$ 548,754		$ 548,754			$ 756,229