Fixed Assets (Tables)

9 Months Ended

Sep. 30, 2016

Property, Plant and Equipment [Abstract]

Property Plant and Equipment Schedule of Significant Acquisitions

At September 30, 2016, the Company’s owned fleet consisted of 14 dry bulk vessels. The carrying amounts of these vessels, including unamortized drydocking costs, are as follows:



	September 30,		December 31,
Vessel	2016		2015
	(unaudited)
m/v BULK PANGAEA	$	18,299,078	$	19,555,658
m/v BULK PATRIOT	12,727,064		13,732,984
m/v BULK JULIANA	12,463,608		13,096,232
m/v NORDIC ODYSSEY	27,368,778		28,537,024
m/v NORDIC ORION	28,227,211		29,242,572
m/v BULK TRIDENT	15,145,795		15,696,689
m/v BULK BEOTHUK	12,168,071		12,653,475
m/v BULK NEWPORT	13,632,397		14,109,300
m/v NORDIC BARENTS	3,565,462		3,700,000
m/v NORDIC BOTHNIA	3,562,863		3,700,000
m/v NORDIC OSHIMA	31,644,927		32,540,468
m/v NORDIC OLYMPIC	31,865,904		32,780,722
m/v NORDIC ODIN	32,049,207		32,971,855
m/v NORDIC OASIS ⁽¹⁾	33,140,929		—
	275,861,294		252,316,979
Other fixed assets, net	2,959,807		2,828,828
Total fixed assets, net	$	278,821,101	$	255,145,807

(1)The m/v Nordic Oasis was delivered to the Company on January 5, 2016.