Consolidated Balance Sheets - USD ($)		Dec. 31, 2016	Dec. 31, 2015
Noncurrent assets:
Vessels and vessel improvements, at cost, net of accumulated depreciation of $76,463,743 and $49,148,080, respectively		$ 234,860,600
Noncurrent liabilities:
Commitment and contingencies
Successor [Member]
Current assets:
Cash and cash equivalents		76,516,110	24,896,161
Accounts receivable		5,089,708	7,076,528
Prepaid expenses		3,093,962	3,232,763
Inventories		10,876,713	5,574,406
Vessels held for sale		8,688,601
Other assets		22	245,569
Total current assets		104,265,116	41,025,427
Noncurrent assets:
Vessels and vessel improvements, at cost, net of accumulated depreciation of $76,463,743 and $49,148,080, respectively		567,592,950	733,960,731
Advances for vessel purchase		1,926,886
Other fixed assets, net of accumulated amortization of $307,880 and $159,827, respectively		632,805	220,509
Restricted cash		74,917	141,161
Deferred drydock costs, net		11,507,309	11,146,009
Other assets		381,634	109,287
Total noncurrent assets		582,116,501	745,577,697
Total assets		686,381,617	786,603,124
Current liabilities:
Accounts payable		7,135,156	8,216,473
Accrued interest		28,872	401,232
Other accrued liabilities		11,545,447	10,827,075
Fair value below contract value of time charters acquired		820,313	1,283,926
Unearned charter hire revenue		6,046,032	1,560,402
Current portion of long-term debt			15,625,000
Total current liabilities		25,575,820	37,914,108
Noncurrent liabilities:
Lien Facility, net of debt discount and debt issuance costs		255,943,544	225,577,491
Other liabilities		483,132	672,941
Fair value below contract value of time charters acquired		3,896,482	4,094,122
Total noncurrent liabilities		260,323,158	230,344,554
Total liabilities		285,898,978	268,258,662
Stockholders' equity:
Preferred stock, $.01 par value, 25,000,000 shares authorized, none issued as of December 31, 2016
Common stock, $.01 par value, 700,000,000 shares authorized, 48,106,827 and 1,883,303 shares issued and outstanding as of December 31, 2016 and 2015, respectively*	[1]	481,069	18,833
Additional paid-in capital*	[1]	783,369,698	678,171,322
Accumulated deficit		(383,368,128)	(159,845,693)
Total stockholders' equity	[2]	400,482,639	518,344,462
Total liabilities and stockholders' equity		686,381,617	786,603,124
Successor [Member] | First Lien Facility [Member]
Noncurrent liabilities:
Lien Facility, net of debt discount and debt issuance costs		204,352,318	225,577,491
Successor [Member] | Second Lien Facility [Member]
Noncurrent liabilities:
Lien Facility, net of debt discount and debt issuance costs		$ 51,591,226

[1] Adjusted to give effect for the 1 for 20 reverse stock split for the Successor that became effective as of the opening of trading on August 5, 2016.

[2] Adjusted to give effect for the 1 for 20 reverse stock split for the Successor that became effective as of the opening of trading on August 5, 2016.