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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Revenues, net $ 183,392,700 $ 68,182,301 $ 409,815,454 $ 199,952,404
Voyage expenses 30,272,949 19,627,919 81,410,602 69,960,025
Vessel operating expenses 28,125,682 21,748,531 73,323,785 65,680,913
Charter hire expenses 10,723,737 5,060,503 25,373,501 15,820,809
Depreciation and amortization 13,570,361 12,617,803 39,187,344 37,587,477
General and administrative expenses 7,948,037 7,995,715 23,559,217 22,724,190
Other operating expense 791,572 0 2,311,816 0
Operating lease impairment 0 0 0 352,368
(Gain)/loss on sale of vessel (3,962,093) 389,207 (3,962,093) 389,207
Total operating expenses 87,470,245 67,439,678 241,204,172 212,514,989
Operating income/(loss) 95,922,455 742,623 168,611,282 (12,562,585)
Interest expense 8,511,117 8,954,200 25,561,676 26,883,094
Interest income (19,533) (23,644) (52,831) (236,633)
Loss on debt extinguishment 99,033 0 99,033 0
Realized and unrealized loss/(gain) on derivative instruments, net 8,990,568 2,971,353 45,587,799 (4,030,674)
Total other expense, net 17,581,185 11,901,909 71,195,677 22,615,787
Net income/(loss) $ 78,341,270 $ (11,159,286) $ 97,415,605 $ (35,178,372)
Weighted average shares outstanding        
Basic (in shares) 12,802,401 10,279,698 12,237,288 10,274,906
Diluted (in shares) 15,936,374 10,279,698 15,354,481 10,274,906
Per share amounts        
Basic income/(loss) (in usd per share) $ 6.12 $ (1.09) $ 7.96 $ (3.42)
Diluted income/(loss) (in usd per share) $ 4.92 $ (1.09) $ 6.34 $ (3.42)