Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net loss	$ (35,178,372)	$ (10,525,662)
Adjustments to reconcile net loss to net cash (used in)/provided by operating activities:
Depreciation	32,085,266	24,845,206
Amortization of operating lease right-of-use assets	9,388,238	9,480,487
Amortization of deferred drydocking costs	5,502,211	4,379,162
Amortization of debt discount and debt issuance costs	4,654,871	2,265,374
Loss on debt extinguishment	0	2,268,452
Loss/(gain) on sale of vessels	389,207	(6,044,479)
Operating lease impairment	352,368	0
Net unrealized loss on fair value of derivatives	2,677,003	138,354
Stock-based compensation expense	2,300,444	3,827,902
Drydocking expenditures	(10,830,172)	(6,062,439)
Changes in operating assets and liabilities:
Accounts payable	(4,135,537)	(1,799,292)
Accounts receivable	2,956,653	1,889,818
Accrued interest	1,850,383	5,927,043
Inventories	4,130,347	1,853,870
Operating lease liabilities current and non-current	(9,915,541)	(10,024,158)
Derivative asset, other current and non-current assets	(5,905,400)	(1,010,905)
Other accrued liabilities	(5,872,683)	144,279
Prepaid expenses	1,906,748	1,171,960
Unearned charter hire revenue	1,296,976	(3,770,762)
Net cash (used in)/provided by operating activities	(2,346,990)	18,954,210
Cash flows from investing activities:
Purchase of vessels and vessel improvements	(605,660)	(81,365,090)
Advance paid for purchase of vessels, scrubbers and ballast water systems	(25,224,068)	(50,537,160)
Proceeds from hull and machinery insurance claims	3,749,779	2,112,426
Proceeds from sale of vessels	4,594,081	29,626,659
Purchase of other fixed assets	(43,659)	(228,122)
Net cash used in investing activities	(17,529,527)	(100,391,287)
Cash flows from financing activities:
Cash used to settle net share equity awards	(1,161,301)	(877,697)
Cash used to settle fractional shares in the Reverse Stock Split	(12,513)	0
Other financing costs	(44,104)	(830,237)
Net cash provided by financing activities	46,027,292	104,396,889
Net increase in cash, cash equivalents and Restricted cash	26,150,775	22,959,812
Cash, cash equivalents and Restricted cash at beginning of period	59,130,285	78,163,638
Cash, cash equivalents and Restricted cash at end of period	85,281,060	101,123,450
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for interest	20,377,697	13,106,139
Accruals for scrubbers and ballast water treatment systems included in Accounts payable and Other accrued liabilities	5,915,948	8,867,952
Accruals for debt issuance costs included in Other accrued liabilities	200,000	418,224
Accrual for liability relating to taxes on net share equity awards included in Other accrued liabilities	0	471,236
New First Lien Facility
Cash flows from financing activities:
Repayment of revolver loan under New First Lien Facility	0	(5,000,000)
Proceeds from debt	0	5,000,000
Repayments of long-term debt	0	(60,000,000)
Ultraco Debt Facility
Cash flows from financing activities:
Proceeds from debt	22,550,000	153,440,000
Repayments of long-term debt	0	(82,600,000)
Norwegian Bond Debt Facility
Cash flows from financing activities:
Repayments of long-term debt	(4,000,000)	(4,000,000)
New Ultraco Debt Facility
Cash flows from financing activities:
Proceeds from debt	55,000,000	0
Debt issuance costs paid to lenders on New Ultraco Debt Facility	(381,471)	(3,156,250)
New Ultraco Debt Facility | Term Loan
Cash flows from financing activities:
Repayments of long-term debt	(20,923,319)	(10,097,342)
New Ultraco Debt Facility | Revolver Loan
Cash flows from financing activities:
Repayments of long-term debt	(20,000,000)	0
Convertible Bond Debt
Cash flows from financing activities:
Proceeds from debt	0	112,482,586
Share Lending Agreement
Cash flows from financing activities:
Proceeds from debt	0	35,829
Super Senior Facility
Cash flows from financing activities:
Proceeds from debt	$ 15,000,000	$ 0