Consolidated Balance Sheets - USD ($)		Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents		$ 69,927,594	$ 53,583,898
Restricted cash - current		18,846,177	5,471,470
Accounts receivable, net of a reserve of $2,357,191 and $2,472,345, respectively		13,843,480	19,982,871
Prepaid expenses		3,182,815	4,631,416
Inventories		11,624,833	15,824,278
Other current assets		839,881	1,039,430
Total current assets		118,264,780	100,533,363
Noncurrent assets:
Vessels and vessel improvements, at cost, net of accumulated depreciation of $177,771,755 and $153,029,544, respectively		810,713,959	835,959,084
Advances for vessel purchases		3,250,000	0
Operating lease right-of-use assets		7,540,871	20,410,037
Other fixed assets, net of accumulated depreciation of $1,137,562 and $832,541, respectively		489,179	740,654
Restricted cash - noncurrent		75,000	74,917
Deferred drydock costs, net		24,153,776	17,495,270
Deferred financing costs - Super Senior Facility		0	166,111
Advances for scrubbers and ballast water systems and other assets		2,639,491	26,707,700
Total noncurrent assets		848,862,276	901,553,773
Total assets		967,127,056	1,002,087,136
Current liabilities:
Accounts payable		10,589,970	13,483,397
Accrued interest		4,690,135	5,321,089
Other accrued liabilities		11,747,064	28,996,836
Fair value of derivatives - current			756,229
Current portion of operating lease liabilities		7,615,371	13,255,978
Unearned charter hire revenue		8,072,295	4,692,259
Current portion of long-term debt		39,244,297	35,709,394
Total current liabilities		82,440,923	102,215,182
Noncurrent liabilities:
Total debt		412,931,021	410,067,224
Noncurrent portion of operating lease liabilities		686,422	8,301,793
Total noncurrent liabilities		414,268,050	418,369,017
Total liabilities		496,708,973	520,584,199
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value, 25,000,000 shares authorized, none issued as of December 31, 2020 and 2019		0	0
Common stock, $.01 par value, 700,000,000 shares authorized, 11,661,797 and 10,214,600 shares issued and outstanding as of December 31, 2020 and 2019, respectively *	[1]	116,618	102,146
Additional paid-in capital *	[1]	943,571,685	918,475,145
Accumulated deficit		(472,137,822)	(437,074,354)
Total stockholders' equity		470,418,083	481,502,937
Total liabilities and stockholders' equity		967,127,056	1,002,087,136
Accumulated Other Comprehensive Income (Loss), Net of Tax		(1,132,398)	0
Norwegian Bond Debt
Noncurrent liabilities:
Total debt		169,290,230	175,867,310
Super Senior Revolver Facility
Noncurrent liabilities:
Total debt		14,896,357	0
New Ultraco Debt Facility
Noncurrent liabilities:
Total debt		132,083,949	141,396,770
Convertible Bond Debt
Noncurrent liabilities:
Total debt		$ 96,660,485	$ 92,803,144

[1] * Adjusted to give effect for the 1-for-7 Reverse Stock Split that became effective as of September 15, 2020, see Note 1.