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Long-Term Debt (Details) (USD $)
1 Months Ended 9 Months Ended
Oct. 31, 2013
Mar. 31, 2014
item
Presented as follows:    
Current portion of long-term debt   $ 9,612,000
Long-term debt-net of current portion   119,106,500
Minimum annual principal payments    
2015   9,612,000
2016   9,612,000
2017   9,612,000
2018   9,612,000
2019   57,268,000
Thereafter   33,002,500
Total secured bank debt   128,718,500
Restricted cash account   30,948,702
Royal Bank of Scotland plc (RBS)
   
Minimum annual principal payments    
Total secured bank debt   128,718,500
Original loan amount   135,224,500
Number of tranches in which loan facility is divided   3
Variable interest rate basis   LIBOR
Accelerated long-term debt payment 28,418,740  
Minimum market adjusted security cover ratio as percentage of aggregate outstanding loan balance   125.00%
Period after non-compliance of minimum market adjusted security cover ratio and percentage of debt swap exposure prepayment required to be made   1 month
Minimum market adjusted security cover ratio as percentage of aggregate outstanding loan balance in the event of lender release   175.00%
Margin in the event of lender release (as a percent)   2.75%
Minimum Shareholders' funds as adjusted for any reduction in the vessel fair market value   85,000,000
Ratio of total debt to shareholders funds   1.50
Minimum cash balance at the end of each quarter   10,000,000
Minimum cash per mortgaged vessel   1,500,000
Royal Bank of Scotland plc (RBS) | Minimum
   
Minimum annual principal payments    
New building cash collateral   29,572,520
Royal Bank of Scotland plc (RBS) | Period one
   
Minimum annual principal payments    
Margin (as a percent)   1.50%
New building cash collateral   66,538,170
Minimum percentage of debt swap exposure required to be maintained   50.00%
Debt service coverage ratio   0.75
Royal Bank of Scotland plc (RBS) | Period two
   
Minimum annual principal payments    
Margin (as a percent)   2.00%
New building cash collateral   59,145,040
Minimum percentage of debt swap exposure required to be maintained   100.00%
Debt service coverage ratio   0.8
Royal Bank of Scotland plc (RBS) | Period three
   
Minimum annual principal payments    
Margin (as a percent)   2.50%
New building cash collateral   51,751,910
Debt service coverage ratio   1
Royal Bank of Scotland plc (RBS) | Period four
   
Minimum annual principal payments    
New building cash collateral   44,358,780
Tranche A
   
Minimum annual principal payments    
Total secured bank debt   44,200,000
Original loan amount   47,600,000
Number of semi annual installments   12
Semi-annual installment   1,700,000
Balloon payment   27,200,000
Tranche B
   
Minimum annual principal payments    
Total secured bank debt   33,241,000
Original loan amount   34,500,000
Number of semi annual installments   11
Semi-annual installment   1,278,500
Balloon payment   20,456,000
Tranche C
   
Minimum annual principal payments    
Total secured bank debt   51,277,500
Original loan amount   53,100,000
Number of semi annual installments   14
Semi-annual installment   1,827,500
Balloon payment   $ 27,520,000