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Unaudited Interim Condensed Consolidated Statements of Comprehensive Loss (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Revenue    
Charter revenue $ 28,909,224 $ 25,856,283
Commissions (including related party of $310,835 and $352,539 for the six months ended June 30, 2012 and 2013, respectively) (1,577,594) (1,429,571)
Net Revenue 27,331,630 24,426,712
Expenses / (Income)    
Voyage expenses, net 2,652,799 129,941
Vessels operating expenses (including related party of $320,618 and $421,712 for the six months ended June 30, 2012 and 2013, respectively) 10,594,953 8,824,891
Dry-docking expenses (including related party of $0 and $109,248 for the six months ended June 30, 2012 and 2013, respectively) 1,698,217 0
Management fees - related party 2,683,090 1,922,177
Depreciation 8,385,305 7,942,617
General and administrative expenses (including related party of $1,665,555 and $3,770,111 for the six months ended June 30, 2012 and 2013, respectively) 5,222,488 4,215,789
Gain from marketable securities, net (3,113,306) (1,394,665)
Operating Income / (Loss) (791,916) 2,785,962
Other Income / (Expenses)    
Interest and finance costs (3,761,112) (3,133,987)
(Loss) / gain on derivatives, net 20,126 (481,590)
Interest income (including related party of $341,096 and $381,326 for the six months ended June 30, 2012 and 2013, respectively) 393,543 377,461
Equity in net income of affiliate 978,702 1,356,501
Loss on investment in affiliate (390,821) 0
Foreign currency (loss) / gain 57,408 (5,156)
Total Other Expenses, net (2,702,154) (1,886,771)
Net Income / (Loss) (3,494,070) 899,191
Other Comprehensive (Loss) / Income    
Unrealized (loss) / gain on cash flow hedges 403,710 (440,917)
Transfer of realized loss on cash flow hedges to "Interest and finance costs" 154,637 36,118
Equity in other comprehensive income of affiliate 106,709 0
Unrealized loss on change in fair value of marketable securities (10,922) (707,304)
Total Other Comprehensive (Loss) / Income 654,134 (1,112,103)
Comprehensive Loss $ (2,839,936) $ (212,912)
Earnings / (Loss) per Class A common share, basic and diluted $ (0.31) $ 0.15
Weighted average number of Class A common shares, basic and diluted 11,016,733 5,913,195