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Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
 
December 31, 2016
 
Activity
 
September 30, 2017
 
 
 
 
 
(unaudited)
Included in accounts payable, accrued expenses and other current liabilities on the consolidated balance sheets:
 

 
 

 
 

Affiliated companies (trade payables)
$
1,109,570

 
34,994

 
$
1,144,564

 
 
 
 
 
 
Included in current related party debt on the consolidated balance sheets:
 

 
 

 
 

Loan payable – 2011 Founders Note
$
4,325,000

 

 
$
4,325,000

Interest payable in-kind - 2011 Founders Note (i)
368,347

 
236,538

 
604,885

Promissory Note
2,000,000

 

 
2,000,000

Loan payable – BVH shareholder (STST)(ii)
9,278,800

 
(9,278,800
)
 

Total current related party debt
$
15,972,147

 
$
(9,042,262
)
 
$
6,929,885

 
(i)    Paid in cash
(ii) ST Shipping and Transport Pte. Ltd. ("STST")


Schedule of Dividends Payable [Table Text Block]
Dividends payable consist of the following, all of which are payable to related parties:

 
 
2008
common
stock
dividend
 
2012
common
stock
special
dividend
 
2013
common
stock
dividend
 
2013
Odyssey
and Orion
dividend
 
Total
Balance at December 31, 2015
 
2,474,125

 
2,934,357

 
6,411,540

 
904,803

 
12,724,825

Paid in cash
 
(100,000
)
 

 

 

 
(100,000
)
Balance at December 31, 2016
 
2,374,125

 
2,934,357

 
6,411,540

 
904,803

 
12,624,825

Converted to common shares
 
(2,374,125
)
 
(2,010,875
)
 

 

 
(4,385,000
)
Paid in cash
 
(100,000
)
 
(1,001,424
)
 

 

 
(1,001,424
)
Balance at September 30, 2017
 
$

 
$
(77,942
)
 
$
6,411,540

 
$
904,803

 
$
7,238,401