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FIXED ASSETS - Net Carrying Value (Details) - USD ($) |  | 12 Months Ended
--- | --- | ---
Oct. 26, 2018 | Dec. 31, 2018 | Dec. 31, 2017
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | $ 350,079,274 | $ 363,104,833
Vessels And Vessel Improvements Property Plant And Equipment Net |  | 278,802,474 | 303,211,277
Property, Plant and Equipment, Other, Net |  | 3,089,211 | 3,081,378
Total fixed assets, net |  | 281,891,685 | 306,292,655
Vessels under capital lease |  | 55,576,777 | 29,994,212
Purchase of vessels |  | 17,126,213 | 64,029,798
m/v BULK PANGAEA |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 15,231,305 | 16,398,650
m/v BULK PATRIOT |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 10,130,797 | 11,111,437
m/v BULK JULIANA |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 10,651,029 | 11,411,052
m/v NORDIC ODYSSEY |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 24,283,497 | 25,634,743
m/v NORDIC ORION |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 25,095,469 | 26,467,928
m/v BULK TRIDENT |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 0 | 14,195,098
Vessels under capital lease |  | 12,664,906 | 0
m/v BULK NEWPORT |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 13,965,092 | 13,139,242
m/v NORDIC BARENTS |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 4,370,817 | 4,846,522
m/v NORDIC BOTHNIA |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 4,322,490 | 4,787,388
m/v NORDIC OSHIMA |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 28,897,931 | 30,122,172
m/v NORDIC OLYMPIC |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 29,151,529 | 30,548,435
m/v NORDIC ODIN |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 29,321,599 | 30,371,285
m/v NORDIC OASIS |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 30,416,651 | 31,608,785
m/v BULK ENDURANCE |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 26,020,505 | 27,030,918
m/v BULK FREEDOM |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 8,467,058 | 8,834,746
m/v BULK PRIDE |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 13,531,561 | 14,007,731
MISS NORA G. PEARL |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 2,995,144 | 2,695,145
m/v BULK SPIRIT |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels and vessel improvements property plant and equipment gross |  | 1,950,000 | 0
Purchase of vessels | $ 13,000,000 |  |
m/v BULK DESTINY(5) |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels under capital lease |  | 22,307,701 | 23,153,850
m/v BULK BEOTHUK(4) |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels under capital lease |  | 6,528,981 | 6,840,362
m/v BULK PODS |  |  |
Property, Plant and Equipment [Line Items] |  |  |
Vessels under capital lease |  | $ 14,075,189 | $ 0

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