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Fixed Assets (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
Property, Plant and Equipment [Abstract] |
Property Plant and Equipment Schedule of Significant Acquisitions | At June 30, 2017, the Company owned seventeen dry bulk vessels including two financed under capital lease obligations. The carrying amounts of these vessels, including unamortized drydocking costs, are as follows:
| June 30, |  | December 31,
| 2017 |  | 2016
Owned vessels | (unaudited) |  |
m/v BULK PANGAEA | $ | 17,139,017 |  |  | $17,879,380
m/v BULK PATRIOT | 11,741,723 |  |  | 12,391,724 |
m/v BULK JULIANA | 11,831,893 |  |  | 12,252,733 |
m/v NORDIC ODYSSEY | 26,327,977 |  |  | 27,021,211 |
m/v NORDIC ORION | 27,171,255 |  |  | 27,874,584 |
m/v BULK TRIDENT | 14,578,631 |  |  | 14,962,163 |
m/v BULK BEOTHUK (1) | — |  |  | 12,006,270 |
m/v BULK NEWPORT | 13,138,035 |  |  | 13,473,429 |
m/v NORDIC BARENTS | 3,431,169 |  |  | 3,517,151 |
m/v NORDIC BOTHNIA | 3,425,976 |  |  | 3,520,616 |
m/v NORDIC OSHIMA | 30,734,293 |  |  | 31,346,414 |
m/v NORDIC OLYMPIC | 30,966,125 |  |  | 31,560,965 |
m/v NORDIC ODIN | 31,145,046 |  |  | 31,741,658 |
m/v NORDIC OASIS | 32,221,643 |  |  | 32,834,500 |
m/v BULK ENDURANCE (2) | 27,536,556 |  |  | — |
m/v BULK FREEDOM (3) | 8,898,948 |  |  | — |
| 290,288,287 |  |  | 272,382,798 |
Other fixed assets, net | 3,505,173 |  |  | 2,882,874 |
Total fixed assets, net | $ | 293,793,460 |  |  | $ | 275,265,672 |
Vessels under capital lease |  |  |
m/v BULK DESTINY (4) | $ | 23,576,925 |  |  | $ | — |
m/v BULK BEOTHUK (1) | $ | 7,000,000 |  |  | $ | — |
| $ | 30,576,925 |  |  | $ | — |
(1) | The m/v Bulk Beothuk was sold on June 15, 2017 and simultaneously chartered back under a bareboat charter accounted for as a capital lease. At June 30, 2017, the vessel had a carrying amount of $7.0 million.
(2) | The m/v Bulk Endurance was delivered to the Company on January 7, 2017.
(3) | The Company acquired the m/v Bulk Freedom on June 14, 2017.
(4) | The Company took delivery of the m/v Bulk Destiny on January 7, 2017 and simultaneously entered into a sale and leaseback financing agreement, the terms of which are discussed in Note 7.

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