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Fixed Assets (Tables) | 9 Months Ended
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Sep. 30, 2017
Property, Plant and Equipment [Abstract] |
Property Plant and Equipment Schedule of Significant Acquisitions | At September 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:
| September 30, |  | December 31,
| 2017 |  | 2016
Owned vessels | (unaudited) |  |
m/v BULK PANGAEA | $ | 16,768,833 |  |  | $17,879,380
m/v BULK PATRIOT | 11,426,580 |  |  | 12,391,724 |
m/v BULK JULIANA | 11,621,472 |  |  | 12,252,733 |
m/v NORDIC ODYSSEY | 25,981,360 |  |  | 27,021,211 |
m/v NORDIC ORION | 26,819,591 |  |  | 27,874,584 |
m/v BULK TRIDENT | 14,386,864 |  |  | 14,962,163 |
m/v BULK BEOTHUK (1) | — |  |  | 12,006,270 |
m/v BULK NEWPORT | 13,312,095 |  |  | 13,473,429 |
m/v NORDIC BARENTS | 3,526,711 |  |  | 3,517,151 |
m/v NORDIC BOTHNIA | 3,518,031 |  |  | 3,520,616 |
m/v NORDIC OSHIMA | 30,428,323 |  |  | 31,346,414 |
m/v NORDIC OLYMPIC | 30,668,705 |  |  | 31,560,965 |
m/v NORDIC ODIN | 30,846,740 |  |  | 31,741,658 |
m/v NORDIC OASIS | 31,915,214 |  |  | 32,834,500 |
m/v BULK ENDURANCE (2) | 27,284,169 |  |  | — |
m/v BULK FREEDOM (3) | 8,942,254 |  |  | — |
| 287,446,942 |  |  | 272,382,798 |
Other fixed assets, net | 3,390,595 |  |  | 2,882,874 |
Total fixed assets, net | $ | 290,837,537 |  |  | $ | 275,265,672 |
Vessels under capital lease |  |  |
m/v BULK DESTINY (4) | $ | 23,365,388 |  |  | $ | — |
m/v BULK BEOTHUK (1) | $ | 6,920,181 |  |  | $ | — |
| $ | 30,285,569 |  |  | $ | — |
(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, the terms of which are discussed in Note 7.
(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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