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v3.21.2

Debt (Tables) | 9 Months Ended
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Sep. 30, 2021
Debt |
Schedule outstanding principal balances on each loan facility | ​
​ | ​ | ​ | ​ | ​
​ |  | As at
​ |  | September 30, 2021 |  | December 31, 2020
NIBC Bank Facility | ​ | — |  | 4,625,000
Nordea/SEB Joint Bank Facility | ​ | 58,711,533 |  | 88,503,292
Nordea/SEB Revolving Facility | ​ | 28,878,310 | ​ | 39,237,241
ABN/CACIB Joint Bank Facility | ​ | 52,785,708 | ​ | 57,124,104
ABN AMRO Revolving Facility | ​ | 4,453,721 |  | 14,394,250
IYO Bank Facility | ​ | 8,800,000 | ​ | 10,000,000
Total debt | ​ | 153,629,272 |  | 213,883,887
Deferred finance fees | ​ | (2,081,965) |  | (3,372,923)
Net total debt | ​ | 151,547,307 |  | 210,510,964
Current portion of long-term debt | ​ | 15,834,489 |  | 23,506,236
Current portion of deferred finance fees | ​ | (757,497) |  | (1,049,840)
Total current portion of long-term debt | ​ | 15,076,992 |  | 22,456,396
Non-current portion of long-term debt | ​ | 136,470,315 |  | 188,054,568
​
Schedule of future minimum repayments under the loan facilities | ​
​ | ​ | ​
​ |  | As at
​ | ​ | September 30, 2021
2021 (1) |  | 3,958,622
2022 |  | 15,834,489
2023 | ​ | 20,288,211
2024 |  | 109,947,950
2025 |  | 3,600,000
​ |  | 153,629,272
(1)Three-month period ending December 31, 2021

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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