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SECURED LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2014
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments [Table Text Block] | Long-term debt consists of the following:
|  | December 31, |  | December 31, |
|  | 2014 |  | 2013 |
Bulk Pangaea Secured Note (1) |  | $ | 3,121,875 |  | $ | 4,509,375 |
Bulk Discovery Secured Note (2) |  |  | 3,780,000 |  |  | 5,204,000 |
Bulk Patriot Secured Note (1) |  |  | 4,762,500 |  |  | 7,212,500 |
Bulk Cajun Secured Note (2) |  |  | 853,125 |  |  | 1,990,625 |
Bulk Trident Secured Note (1) |  |  | 7,650,000 |  |  | 8,925,000 |
Bulk Juliana Secured Note (1) |  |  | 5,070,312 |  |  | 6,422,395 |
Bulk Nordic Odyssey, Bulk Nordic Orion and Bulk Nordic Oshima Loan Agreement (3) |  |  | 51,125,000 |  |  | 34,000,000 |
Bulk Atlantic Secured Note (2) |  |  | 7,890,000 |  |  | 8,250,000 |
Bulk Phoenix Secured Note (1) |  |  | 8,916,665 |  |  | 9,783,334 |
Term Loan Facility of USD 13,000,000 (Nordic Bulk Barents Ltd. and Nordic Bulk Bothnia Ltd.) |  |  | 12,021,730 |  |  | - |
Long Wharf Construction to Term Loan |  |  | 998,148 |  |  | 1,016,834 |
Bulk Providence Secured Note (4) |  |  | - |  |  | 7,760,000 |
Bulk Liberty Secured Note (5) |  |  | - |  |  | 5,685,000 |
Total |  |  | 106,189,355 |  |  | 100,759,063 |
Less: current portion |  |  | (17,807,674) |  |  | (16,065,483) |
Less: unamortized bank fees |  |  | (951,265) |  |  | (1,391,159) |
Secured long-term debt |  | $ | 87,430,416 |  | $ | 83,302,421 |
| 1. | The Bulk Pangaea Secured Note, the Bulk Patriot Secured Note, the Bulk Trident Secured Note, the Bulk Juliana Secured Note, and the Bulk Phoenix Secured Note are cross-collateralized by the vessels m/v Bulk Juliana, m/v Bulk Patriot, m/v Bulk Trident, m/v Bulk Pangaea, and m/v Bulk Newport and are guaranteed by the Company.
| 2. | The Bulk Discovery Secured Note, the Bulk Cajun Secured Note, and the Bulk Atlantic Secured Note are cross-collateralized by the vessels m/v Bulk Discovery, m/v Bulk Cajun, and m/v Bulk Beothuk and are guaranteed by the Company.
| 3. | The Bulk Nordic Odyssey and the Bulk Nordic Orion Loan Agreement was amended on September 17, 2014, to provide for an additional advance to finance the acquisition of m/v Nordic Oshima.
| 4. | The Bulk Providence Secured Note was repaid in connection with the sale of the m/v Bulk Providence on May 27, 2014.
| 5. | The Bulk Liberty Secured Note was repaid in connection with the sale of the m/v Bulk Liberty on July 4, 2014.
Schedule of Maturities of Long-term Debt [Table Text Block] | The future minimum annual payments under the debt agreements are as follows:
|  | Years ending |
|  | December 31, |
2015 |  | $ | 17,807,674 |
2016 |  |  | 19,355,261 |
2017 |  |  | 28,647,613 |
2018 |  |  | 13,889,294 |
2019 |  |  | 10,980,107 |
Thereafter |  |  | 15,509,406 |
|  | $ | 106,189,355 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -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=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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