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Derivative Instruments and Fair Value Measurements - Unrealized Gain (Loss) on Derivative Instruments (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Unrealized gain (loss) on derivative instruments, net $ (18,098) $ (301,058) $ (1,530,875) $ 2,203,899
Forward freight agreements        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Unrealized gain (loss) on derivative instruments, net (57,765) 115,675 60,405 233,130
Fuel swap contracts        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Unrealized gain (loss) on derivative instruments, net 19,924 (416,733) (1,167,192) 1,970,769
Interest rate cap        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Unrealized gain (loss) on derivative instruments, net $ 19,743 $ 0 $ (424,088) $ 0