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Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income $ 4,577,976 $ 8,820,206
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization expense 11,604,168 10,576,223
Amortization of deferred financing costs 527,348 513,311
Amortization of prepaid rent 91,453 0
Unrealized gain on derivative instruments (430,869) (1,212,434)
(Gain) loss from equity method investee (282,362) 68,477
(Recovery of) provision for doubtful accounts (10,356) 982,393
Loss on sale and leaseback of vessel 9,134,908 0
Share-based compensation 878,759 274,286
Change in operating assets and liabilities:    
Decrease in restricted cash 0 499,269
Accounts receivable (10,428,305) 3,824,491
Bunker inventory (3,267,454) (1,845,707)
Advance hire, prepaid expenses and other current assets (7,118,526) (2,471,301)
Drydocking costs (1,043,164) (42,478)
Accounts payable, accrued expenses and other current liabilities 8,021,053 (743,918)
Deferred revenue 1,490,536 (925,490)
Net cash provided by operating activities 13,745,165 18,317,328
Investing activities    
Purchase of vessels (47,328,517) (3,372,433)
Purchase of building and equipment 0 (315,818)
Purchase of non-controlling interest in consolidated subsidiary (832,572) 0
Net cash used in investing activities (48,161,089) (3,688,251)
Financing activities    
Proceeds from Related Party Debt 0 1,522,500
Payments of related party debt 0 (2,500,497)
Proceeds from long-term debt 25,000,000 1,375,971
Payments of financing and issuance costs (896,175) (45,755)
Payments of long-term debt (20,635,670) (20,809,044)
Sale Leaseback Transaction, Net Proceeds, Financing Activities 28,000,000 0
Repayments of Long-term Capital Lease Obligations (768,599) 0
Proceeds from (Repayments of) Restricted Cash, Financing Activities 2,100,000 (5,000,000)
Proceeds from (Payments to) Noncontrolling Interests 0  
Proceeds from Noncontrolling Interests   1,600,000
Decrease (increase) in restricted cash (1,001,424) (100,000)
Proceeds from Issuance of Common Stock 9,631,530 0
Net cash provided by (used in) financing activities 41,429,662 (23,956,825)
Net increase (decrease) in cash and cash equivalents 7,013,738 (9,327,748)
Cash and cash equivalents at beginning of period 22,322,949 37,520,240
Cash and cash equivalents at end of period 29,336,687 28,192,492
Disclosure of noncash items    
Cash paid for interest 5,052,102 3,520,635
Stock issued during period, value, issurance of common stock as settlement of accrued dividends 4,385,000 0
Extinguishment of Related Party Debt $ 9,278,800 $ 0