Deferred Drydock Costs (Tables)

12 Months Ended

Dec. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule Of Dry Docking Activity

Drydocking activity is summarized as follows:

	December 31, 2019		December 31, 2018
Beginning Balance	$	12,186,356	$	9,749,751
Payment for drydocking	11,903,474		8,323,191
Drydock amortization	(6,227,851)		(5,353,102)
Write-off due to sale of vessels *	(366,709)		(533,484)
Ending Balance	$	17,495,270	$	12,186,356

* The Company wrote off drydock expenses of $0.4 million and $0.5 million, respectively, relating to the sale of vessels, which was recorded in gain on sale of vessels in the Consolidated Statement of Operations for the years ended December 31, 2019 and 2018.