XML 63 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
Successor [Member]    
Current assets:    
Cash and cash equivalents $ 39,975,287us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Accounts receivable, net 14,731,301us-gaap_AccountsReceivableNetCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Prepaid expenses 3,212,930us-gaap_PrepaidExpenseCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Inventories 5,749,273us-gaap_InventoryNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Investment 8,300,740us-gaap_ShortTermInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Other assets 4,621,312us-gaap_OtherAssetsCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Total current assets 76,590,843us-gaap_AssetsCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Noncurrent assets:    
Vessels and vessel improvements, at cost, net of accumulated depreciation of $8,766,830 and $389,545,066, respectively 834,052,684egle_VesselsAndVesselImprovementsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Other fixed assets, net of accumulated amortization of $118,232 and $515,896, respectively 230,805us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Restricted cash 66,243us-gaap_RestrictedCashAndCashEquivalentsNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Deferred drydock costs 1,960,792egle_DeferredDryDockCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Deferred financing costs 550,753us-gaap_DeferredFinanceCostsNoncurrentNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Other assets 424,702us-gaap_OtherAssetsNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Total noncurrent assets 837,285,979us-gaap_AssetsNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Total assets 913,876,822us-gaap_Assets
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Current liabilities:    
Accounts payable 11,663,697us-gaap_AccountsPayableCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Accrued interest 531,918us-gaap_InterestPayableCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Other accrued liabilities 9,142,229us-gaap_OtherAccruedLiabilitiesCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Fair value below contract value of time charters acquired 1,648,740egle_FairValueBelowContractValueOfTimeChartersAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Unearned charter hire revenue 2,389,595us-gaap_OtherDeferredCreditsCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Current portion of long-term debt 15,625,000us-gaap_LongTermDebtCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Total current liabilities 41,001,179us-gaap_LiabilitiesCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Noncurrent liabilities:    
Long-term debt 204,106,928us-gaap_LongTermDebtNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Fair value below contract value of time charters acquired 4,678,049egle_FairValueBelowContractValueOfTimeChartersAcquiredNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Total noncurrent liabilities 208,784,977us-gaap_LiabilitiesNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Total liabilities 249,786,156us-gaap_Liabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Commitment and contingencies     
Common stock 375,045us-gaap_CommonStockValue
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Additional paid-in capital 675,264,349us-gaap_AdditionalPaidInCapital
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Retained earnings (11,548,728)us-gaap_RetainedEarningsAccumulatedDeficit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Total stockholders' equity 664,090,666us-gaap_StockholdersEquity
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Total liabilities and stockholders' equity 913,876,822us-gaap_LiabilitiesAndStockholdersEquity
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Predecessor [Member]    
Current assets:    
Cash and cash equivalents   19,682,724us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accounts receivable, net   11,197,101us-gaap_AccountsReceivableNetCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Prepaid expenses   5,501,081us-gaap_PrepaidExpenseCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Inventories   9,610,272us-gaap_InventoryNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Investment   13,817,439us-gaap_ShortTermInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other assets   2,122,574us-gaap_OtherAssetsCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total current assets   61,931,191us-gaap_AssetsCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Noncurrent assets:    
Vessels and vessel improvements, at cost, net of accumulated depreciation of $8,766,830 and $389,545,066, respectively   1,639,555,368egle_VesselsAndVesselImprovementsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other fixed assets, net of accumulated amortization of $118,232 and $515,896, respectively   361,306us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Restricted cash   66,243us-gaap_RestrictedCashAndCashEquivalentsNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Deferred drydock costs   3,826,685egle_DeferredDryDockCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Deferred financing costs   16,278,544us-gaap_DeferredFinanceCostsNoncurrentNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other assets   1,394,964us-gaap_OtherAssetsNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total noncurrent assets   1,661,483,110us-gaap_AssetsNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total assets   1,723,414,301us-gaap_Assets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Current liabilities:    
Accounts payable   6,422,306us-gaap_AccountsPayableCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accrued interest   153,885us-gaap_InterestPayableCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other accrued liabilities   6,211,224us-gaap_OtherAccruedLiabilitiesCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Unearned charter hire revenue   5,387,844us-gaap_OtherDeferredCreditsCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Current portion of long-term debt   1,129,478,741us-gaap_LongTermDebtCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Payment-in-kind loans   44,565,437egle_LiabilitiesSubjectToCompromisePaymentinkindLoans
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total current liabilities   1,192,219,437us-gaap_LiabilitiesCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Noncurrent liabilities:    
Total liabilities   1,192,219,437us-gaap_Liabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Commitment and contingencies     
Predecessor Preferred stock, $.01 par value, 25,000,000 shares authorized, none issued   0us-gaap_PreferredStockValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Common stock   167,828us-gaap_CommonStockValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Additional paid-in capital   766,823,808us-gaap_AdditionalPaidInCapital
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Retained earnings   (235,796,772)us-gaap_RetainedEarningsAccumulatedDeficit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total stockholders' equity   531,194,864us-gaap_StockholdersEquity
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total liabilities and stockholders' equity   $ 1,723,414,301us-gaap_LiabilitiesAndStockholdersEquity
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember