XML 77 R27.htm IDEA: XBRL DOCUMENT
v2.4.1.9

FIXED ASSETS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment [Table Text Block] | At December 31, fixed assets consisted of the following:
|  | 2014 |  | 2013 |
Vessels and vessel upgrades |  | $ | 221,409,122 |  | $ | 211,458,792 |
Capitalized dry docking |  |  | 5,963,331 |  |  | 4,716,844 |
|  |  | 227,372,453 |  |  | 216,175,636 |
Accumulated depreciation and amortization |  |  | (22,682,586) |  |  | (21,579,365) |
Vessels, vessel upgrades and capitalized dry docking, net |  |  | 204,689,867 |  |  | 194,596,271 |
Land and building |  |  | 2,541,085 |  |  | 2,541,085 |
Internal use software |  |  | 268,313 |  |  | 268,313 |
Computers and equipment |  |  | 846,910 |  |  | 306,953 |
|  |  | 3,656,308 |  |  | 3,116,351 |
Accumulated depreciation |  |  | (678,562) |  |  | (558,733) |
Other fixed assets, net |  |  | 2,977,746 |  |  | 2,557,618 |
Total fixed assets, net |  | $ | 207,667,613 |  | $ | 197,153,889 |
Property Plant and Equipment Schedule of Significant Acquisitions [Table Text Block] | The net carrying value of the Company’s fleet consists of the following:
|  | December 31, |
Vessel |  | 2014 |  | 2013 |
m/v BULK PANGAEA |  | $ | 21,176,498 |  | $ | 20,879,837 |
m/v BULK DISCOVERY |  |  | 3,741,375 |  |  | 13,583,813 |
m/v BULK CAJUN(1) |  |  | - |  |  | 6,566,227 |
m/v BULK PATRIOT |  |  | 14,988,585 |  |  | 13,573,298 |
m/v BULK JULIANA |  |  | 14,023,118 |  |  | 14,614,596 |
m/v NORDIC ODYSSEY |  |  | 29,125,309 |  |  | 30,252,396 |
m/v NORDIC ORION |  |  | 29,627,397 |  |  | 30,449,503 |
m/v BULK TRIDENT |  |  | 16,430,154 |  |  | 16,273,240 |
m/v BULK BEOTHUK |  |  | 13,228,238 |  |  | 13,732,350 |
m/v BULK NEWPORT |  |  | 14,733,879 |  |  | 15,339,224 |
m/v BULK PROVIDENCE(2) |  |  | - |  |  | 10,114,377 |
m/v BULK LIBERTY(2) |  |  | - |  |  | 9,217,410 |
m/v NORDIC BOTHNIA |  |  | 7,000,000 |  |  | - |
m/v NORDIC BARENTS |  |  | 7,000,000 |  |  | - |
m/v NORDIC OSHIMA |  |  | 33,615,314 |  |  | - |
|  |  | 204,689,867 |  |  | 194,596,271 |
(1) | The Company entered into an agreement to sell the m/v BULK CAJUN on January 29, 2015. Accordingly, the vessel was reclassified as held for sale at December 31, 2014
(2) | The Company sold the m/v Bulk Providence on May 27, 2014 and the m/v Bulk Liberty on July 4, 2014.

X
- Definition Property plant and equipment schedule of significant acquisitions. + References No definition available. + Details
Name: | cik0001606909_PropertyPlantAndEquipmentScheduleOfSignificantAcquisitionsTableTextBlock
Namespace Prefix: | cik0001606909_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph b -Article 5 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration