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Debt (Tables)
 9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Debt
September 30, 2021December 31, 2020
Convertible Bond Debt$114,119,000 $114,120,000 
Debt discount and debt issuance costs - Convertible Bond Debt(14,305,685)(17,459,515)
Convertible Bond Debt, net of debt discount and debt issuance costs99,813,315 96,660,485 
Norwegian Bond Debt176,000,000 180,000,000 
Debt discount and debt issuance costs - Norwegian Bond Debt(1,648,411)(2,709,770)
Less: Current portion - Norwegian Bond Debt(8,000,000)(8,000,000)
Norwegian Bond Debt, net of debt discount and debt issuance costs166,351,589 169,290,230 
New Ultraco Debt Facility 158,671,371 166,429,594 
Debt discount and Debt issuance costs - New Ultraco Debt Facility (2,822,753)(3,101,348)
Less: Current portion - New Ultraco Debt Facility (34,666,521)(31,244,297)
New Ultraco Debt Facility, net of debt discount and debt issuance costs121,182,097 132,083,949 
Holdco Revolving Credit Facility24,000,000 — 
Debt issuance costs - Holdco Revolving Credit Facility(178,323)— 
Less: Current portion - Holdco Revolving Credit Facility(23,821,677)— 
Holdco Revolving Credit Facility, net of debt issuance costs— — 
Super Senior Facility— 15,000,000 
Debt issuance costs - Super Senior Facility— (103,643)
Super Senior Facility, net of debt issuance costs— 14,896,357 
Total long-term debt $387,347,001 $412,931,021 
Schedule Of Interest Expense
The following table summarizes the Company’s total interest expense for:

Three Months EndedNine Months Ended
September 30, 2021September 30, 2020September 30, 2021September 30, 2020
Convertible Bond Debt interest$1,426,467 $1,426,500 $4,279,467 $4,279,450 
Holdco Revolving Credit Facility interest156,086 — 313,918 — 
New Ultraco Debt Facility interest1,063,230 1,946,446 4,068,481 6,052,556 
Norwegian Bond Debt interest3,710,667 3,879,333 11,065,084 11,575,667 
Super Senior Facility interest— 93,121 29,818 123,727 
Amortization of debt discount and debt issuance costs1,975,792 1,608,800 5,442,978 4,654,871 
Commitment fees on revolving credit facilities178,875 — 361,930 196,823 
Total Interest expense$8,511,117 $8,954,200 $25,561,676 $26,883,094 
Schedule of Debt Maturities
The following table presents the scheduled maturities of principal amounts of our debt obligations as of September 30, 2021, which does not give effect to the debt refinancing concluded subsequent to September 30, 2021 (see Note 11 Subsequent Events for additional information):
Norwegian Bond DebtNew Ultraco Debt Facility Convertible Bond Debt Holdco Revolving Credit FacilityTotal
Three months ending December 31, 2021$4,000,000 $8,666,630 $— $24,000,000 $36,666,630 
2022172,000,000 34,666,521 — — 206,666,521 
2023— 34,666,521 — — 34,666,521 
2024— 80,671,699 114,119,000 — 194,790,699 
$176,000,000 $158,671,371 $114,119,000 $24,000,000 $472,790,371