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Condensed Consolidated Statements of Stockholders' Equity - USD ($)
Total
Convertible Senior Notes due 2024
Convertible Debt
Warrant Issued For Vessel Consideration
[2]
Common Stock
Common Stock
Convertible Senior Notes due 2024
Convertible Debt
Common Stock
Warrant Issued For Vessel Consideration
[2]
Additional Paid-in Capital
Additional Paid-in Capital
Convertible Senior Notes due 2024
Convertible Debt
Additional Paid-in Capital
Warrant Issued For Vessel Consideration
[2]
Accumulated Deficit
Accumulated other comprehensive loss
Beginning balance (in shares) at Dec. 31, 2019 [1]       10,214,600              
Beginning balance at Dec. 31, 2019 $ 481,502,937     $ 102,146 [1]     $ 918,475,145 [1]     $ (437,074,354) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income/(loss) (3,527,759)                 (3,527,759)  
Issuance of shares due to vesting of restricted shares (in shares) [1]       62,526              
Issuance of shares due to vesting of restricted shares [1]       $ 626     (626)        
Net unrealized gain/(loss) on cash flow hedges (271,868)                   (271,868)
Cash used to settle net share equity awards (1,161,301)           (1,161,301) [1]        
Stock-based compensation 836,200           836,200 [1]        
Ending balance (in shares) at Mar. 31, 2020 [1]       10,277,126              
Ending balance at Mar. 31, 2020 477,378,209     $ 102,772 [1]     918,149,418 [1]     (440,602,113) (271,868)
Beginning balance (in shares) at Dec. 31, 2019 [1]       10,214,600              
Beginning balance at Dec. 31, 2019 481,502,937     $ 102,146 [1]     918,475,145 [1]     (437,074,354) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income/(loss) (35,178,372)                    
Net unrealized gain/(loss) on cash flow hedges (1,124,745)                    
Ending balance (in shares) at Sep. 30, 2020 [1]       10,279,698              
Ending balance at Sep. 30, 2020 446,326,450     $ 102,798 [1]     919,601,123 [1]     (472,252,726) (1,124,745)
Beginning balance (in shares) at Mar. 31, 2020 [1]       10,277,126              
Beginning balance at Mar. 31, 2020 477,378,209     $ 102,772 [1]     918,149,418 [1]     (440,602,113) (271,868)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income/(loss) (20,491,327)                 (20,491,327)  
Issuance of shares due to vesting of restricted shares (in shares) [1]       2,572              
Issuance of shares due to vesting of restricted shares [1]       $ 26     (26)        
Net unrealized gain/(loss) on cash flow hedges (649,287)                   (649,287)
Stock-based compensation 723,223           723,223 [1]        
Ending balance (in shares) at Jun. 30, 2020 [1]       10,279,698              
Ending balance at Jun. 30, 2020 456,960,818     $ 102,798 [1]     918,872,615 [1]     (461,093,440) (921,155)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income/(loss) (11,159,286)                 (11,159,286)  
Net unrealized gain/(loss) on cash flow hedges (203,590)                   (203,590)
Cash used to settle fractional shares in the Reverse Stock Split (12,513)           (12,513) [1]        
Stock-based compensation 741,021           741,021 [1]        
Ending balance (in shares) at Sep. 30, 2020 [1]       10,279,698              
Ending balance at Sep. 30, 2020 446,326,450     $ 102,798 [1]     919,601,123 [1]     (472,252,726) (1,124,745)
Beginning balance (in shares) at Dec. 31, 2020       11,661,797              
Beginning balance at Dec. 31, 2020 470,418,083     $ 116,618     943,571,685     (472,137,822) (1,132,398)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income/(loss) 9,849,310                 9,849,310  
Issuance of shares due to vesting of restricted shares (in shares)       71,146              
Issuance of shares due to vesting of restricted shares       $ 711     (711)        
Net unrealized gain/(loss) on cash flow hedges 599,884                   599,884
Fees for equity offerings (31,830)           (31,830)        
Cash used to settle net share equity awards (811,456)           (811,456)        
Stock-based compensation 871,943           871,943        
Ending balance (in shares) at Mar. 31, 2021       11,732,943              
Ending balance at Mar. 31, 2021 480,895,934     $ 117,329     943,599,631     (462,288,512) (532,514)
Beginning balance (in shares) at Dec. 31, 2020       11,661,797              
Beginning balance at Dec. 31, 2020 470,418,083     $ 116,618     943,571,685     (472,137,822) (1,132,398)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income/(loss) 97,415,605                    
Net unrealized gain/(loss) on cash flow hedges                     724,410
Ending balance (in shares) at Sep. 30, 2021       12,863,998              
Ending balance at Sep. 30, 2021 607,650,746     $ 128,640     982,652,311     (374,722,217) (407,988)
Beginning balance (in shares) at Mar. 31, 2021       11,732,943              
Beginning balance at Mar. 31, 2021 480,895,934     $ 117,329     943,599,631     (462,288,512) (532,514)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income/(loss) $ 9,225,025                 9,225,025  
Issuance of shares due to vesting of restricted shares (in shares)       2,773              
Issuance of shares due to vesting of restricted shares       $ 27     (27)        
Issuance of shares upon conversion of warrants (in shares) 541,898     432,037 [2]              
Issuance of shares upon conversion of warrants [2] $ 8,375,298     $ 4,322     8,370,976        
Issuance of shares from ATM Offering, net of commissions and issuance costs (in shares)       581,385              
Issuance of shares from ATM Offering, net of commissions and issuance costs 27,283,917     $ 5,814     27,278,103        
Issuance of shares upon exercise of stock options (in shares)       4,117              
Issuance of shares upon exercise of stock options 22,224     $ 41     22,183        
Net unrealized gain/(loss) on cash flow hedges 44,320                   44,320
Cash used to settle net share equity awards (174,230)           (174,230)        
Stock-based compensation 585,868           585,868        
Ending balance (in shares) at Jun. 30, 2021       12,753,255              
Ending balance at Jun. 30, 2021 526,258,356     $ 127,533     979,682,504     (453,063,487) (488,194)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income/(loss) 78,341,270                 78,341,270  
Issuance of shares upon conversion of warrants (in shares)         25 109,861          
Issuance of shares upon conversion of warrants   $ 982 $ 2,304,690     $ 1,099   $ 982 $ 2,303,591    
Issuance of shares upon exercise of stock options (in shares)       857              
Issuance of shares upon exercise of stock options 33,354     $ 8     33,346        
Net unrealized gain/(loss) on cash flow hedges 80,206                   80,206
Issuance costs for ATM Offering (145,580)           (145,580)        
Stock-based compensation 777,468           777,468        
Ending balance (in shares) at Sep. 30, 2021       12,863,998              
Ending balance at Sep. 30, 2021 $ 607,650,746     $ 128,640     $ 982,652,311     $ (374,722,217) $ (407,988)
[1] Adjusted to give effect for the 1-for-7 reverse stock split that became effective as of September 15, 2020.
[2] Please see Note 3 Vessels for additional information.