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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenues, net $ 74,938,700 $ 53,631,224 $ 154,309,309 $ 99,486,281
Voyage expenses 17,204,964 13,379,664 39,719,556 26,733,011
Vessel expenses 20,577,116 19,308,802 41,655,773 37,264,321
Charter hire expenses 10,108,258 6,445,580 20,376,322 10,318,912
Depreciation and amortization 9,272,460 8,020,597 18,548,875 15,513,405
General and administrative expenses 8,895,505 8,589,979 18,809,469 16,368,800
Gain on sale of vessels (105,073) (1,805,785) (105,073) (1,897,899)
Total operating expenses 65,953,230 53,938,837 139,004,922 104,300,550
Operating income/(loss) 8,985,470 (307,613) 15,304,387 (4,814,269)
Interest expense 6,387,011 6,858,716 12,648,080 13,303,747
Interest income (111,952) (185,641) (207,228) (375,439)
Other income (740,356) (1,092,222) (639,977) (785,663)
Total other expense, net 5,534,703 5,580,853 11,800,875 12,142,645
Net income/(loss) $ 3,450,767 $ (5,888,466) $ 3,503,512 $ (16,956,914)
Weighted average shares outstanding:        
Basic (in shares) 70,515,320 70,329,050 70,484,240 67,996,330
Diluted (in shares) 72,086,980 70,329,050 71,560,775 67,996,330
Per share amounts:        
Basic income/(loss) (in dollars per share) $ 0.05 $ (0.08) $ 0.05 $ (0.25)
Diluted income/(loss) (in dollars per share) $ 0.05 $ (0.08) $ 0.05 $ (0.25)