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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME / (LOSS) (USD $)
7 Months Ended 12 Months Ended
Dec. 31, 2010
Dec. 31, 2012
Dec. 31, 2011
REVENUES:      
Time charter revenues $ 0 $ 67,317,050 $ 39,134,328
Commissions 0 (562,340) (368,434)
Commissions-related party 0 (866,568) (493,232)
Net Revenues 0 65,888,142 38,272,662
EXPENSES:      
Voyage expenses 0 2,522,736 486,158
Vessels operating expenses 0 15,774,453 8,170,703
Vessels operating expenses - related party 0 512,579 246,744
Dry-docking expenses 0 1,986,897 0
Dry-docking expenses, related party 0 75,493 0
Management fees charged by a related party 0 2,370,144 1,350,685
Depreciation 0 15,027,280 8,050,079
General and administrative expenses 2,051 3,080,971 1,057,119
General and administrative expenses - related party 0 2,839,865 1,443,350
Operating (loss) / income (2,051) 21,697,724 17,467,824
OTHER INCOME / (EXPENSES):      
Interest and finance costs (108) (7,814,228) (4,070,152)
Interest and finance costs - related party 0 (675,856) (508,019)
Interest income 0 16,796 10,444
Foreign currency (loss) / gain, net (1,663) (48,272) 53,289
Total other expenses, net (1,771) (8,521,560) (4,514,438)
NET (LOSS) / INCOME (3,822) 13,176,164 12,953,386
Other Comprehensive Loss      
Unrealized loss on cash flow hedges 0 (651,896) 0
Total Other Comprehensive Loss 0 (651,896) 0
COMPREHENSIVE (LOSS) / INCOME $ (3,822) $ 12,524,268 $ 12,953,386
(Loss) / Earnings per capital stock / common share, basic $ (38.22) $ 0.56 $ 0.83
(Loss) / Earnings per capital stock / common share, diluted $ (38.22) $ 0.54 $ 0.83
Weighted average number of capital stock / common shares outstanding, basic 100 17,980,980 15,433,519
Weighted average number of capital stock / common shares outstanding, diluted 100 20,396,633 15,433,519