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Unaudited Condensed Consolidated Statements of Operations - USD ($)
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Revenues    
Voyage revenue $ 18,474,782 $ 20,048,813
Related party revenue 120,000 120,000
Commissions (1,044,290) (1,030,826)
Net revenue 17,550,492 19,137,987
Operating expenses    
Voyage expenses 918,433 1,138,951
Vessel operating expenses 13,384,584 12,036,879
Drydocking expenses 989,309 1,372,211
Vessel depreciation 5,780,952 5,825,417
Management fees 2,122,035 2,430,598
Other general and administrative expenses 1,712,085 1,978,792
Total operating expenses 24,907,398 24,782,848
Operating loss (7,356,906) (5,644,861)
Other income/(expenses)    
Interest and other financing costs (849,384) (957,923)
Loss on derivatives, net (165,272) (95,865)
Other investment income 565,250 475,000
Foreign exchange gain 33,462 404
Interest income 22,205 255,269
Other expenses, net (393,739) (323,115)
Equity loss in joint venture (955,540) (1,262,204)
Net loss (8,706,185) (7,230,180)
Dividend Series B Preferred shares (808,524) (651,416)
Earnings / Net loss available to common shareholders $ (9,514,709) $ (7,881,596)
Loss per share, basic and diluted (in Dollars per share) $ (1.64) $ (1.50)
Weighted average number of shares outstanding, basic & diluted (in Shares) 5,784,025 5,244,685