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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Revenues, net $ 69,391,315 $ 74,938,700 $ 146,780,912 $ 154,309,309
Voyage expenses 20,907,155 17,204,964 46,813,295 39,719,556
Vessel expenses 19,958,408 20,577,116 40,052,114 41,655,773
Charter hire expenses 11,179,480 10,108,258 22,671,386 20,376,322
Depreciation and amortization 9,761,322 9,272,460 19,168,430 18,548,875
General and administrative expenses 8,040,811 8,895,505 16,450,730 18,809,469
Gain on sale of vessels (966,802) (105,073) (5,073,349) (105,073)
Total operating expenses 68,880,374 65,953,230 140,082,606 139,004,922
Operating income 510,941 8,985,470 6,698,306 15,304,387
Interest expense 6,733,156 6,387,011 13,495,159 12,648,080
Interest income (393,164) (111,952) (827,482) (207,228)
Loss on debt extinguishment 0 0 2,268,452 0
Other expense/(income) 163,105 (740,356) (2,275,150) (639,977)
Total other expense, net 6,503,097 5,534,703 12,660,979 11,800,875
Net (loss)/income $ (5,992,156) $ 3,450,767 $ (5,962,673) $ 3,503,512
Weighted average shares outstanding:        
Basic (in shares) 71,348,524 70,515,320 71,316,093 70,484,240
Diluted (in shares) 71,348,524 72,086,980 71,316,093 71,560,775
Per share amounts:        
Basic (loss)/income (in usd per share) $ (0.08) $ 0.05 $ (0.08) $ 0.05
Diluted (loss)/income (in usd per share) $ (0.08) $ 0.05 $ (0.08) $ 0.05