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COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($) |  | 12 Months Ended |
--- | --- | --- | ---
Jul. 05, 2016 | Dec. 31, 2018 | Dec. 31, 2017 | Jun. 15, 2017
Commitments and Contingencies [Line Items] |  |  |  |
Recognized cost for restricted stock issued as compensation |  | $ 1,200,214 | $ 1,074,038 |
Loss on sale and leaseback of vessels |  | (860,426) | (9,275,042) |
rental expense per year under bareboat charter, next 5 years | $ 365,000 |  |  |
Operating leases, remaining obligation |  | 42,000 |  |
m/v BULK DESTINY(5) |  |  |  |
Commitments and Contingencies [Line Items] |  |  |  |
Sale leaseback transaction, gross proceeds |  | 21,000,000 |  |
Vessels under capital lease |  | $ 24,000,000 |  |
Loss on sale and leaseback of vessels |  |  | (4,300,000) |
Sale leaseback transaction, lease terms |  | Minimum lease payments fluctuate based on three-month LIBOR and are payable quarterly over the seven year lease term |  |
Balloon payment to be paid |  | $ 11,200,000 |  |
Basis spread on variable rate |  | 2.75% |  |
Interest rate, effective percentage |  | 4.44% |  |
m/v BULK BEOTHUK(4) |  |  |  |
Commitments and Contingencies [Line Items] |  |  |  |
Vessels under capital lease |  | $ 7,000,000 |  |
Loss on sale and leaseback of vessels |  |  | $ (4,900,000) |
Sale leaseback transaction, lease terms |  | The lease is payable at $3,500 per day every fifteen days over the five year lease term |  |
Balloon payment to be paid |  | $ 4,000,000 |  |
Interest rate, stated percentage |  |  |  | 11.83%
m/v BULK TRIDENT |  |  |  |
Commitments and Contingencies [Line Items] |  |  |  |
Vessels under capital lease |  | $ 13,000,000 |  |
Basis spread on variable rate |  | 1.70% |  |
Interest rate, effective percentage |  | 4.02% |  |
m/v BULK PODS |  |  |  |
Commitments and Contingencies [Line Items] |  |  |  |
Vessels under capital lease |  | $ 14,750,000 |  |
Basis spread on variable rate |  | 1.70% |  |
Interest rate, effective percentage |  | 4.02% |  |

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- Definition Amount before accumulated depreciation of leased physical assets used in the normal conduct of business to produce goods and services. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84164758&loc=d3e45014-112735 + Details
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109500613&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109226348&loc=d3e2443-110228 + Details
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- Definition Amount of cash inflow before closing and debt issuance costs received by a seller-lessee in a sale-leaseback recognized in financing activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 40 -Section 55 -Paragraph 50 -URI http://asc.fasb.org/extlink&oid=82846721&loc=d3e51831-112757 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 40 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=82846721&loc=d3e51843-112757 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 40 -Section 55 -Paragraph 51 -URI http://asc.fasb.org/extlink&oid=82846721&loc=d3e51840-112757 + Details
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- Definition A description of the terms of the lease(s) related to the assets being leased-back in connection with the transaction involving the sale of property to another party and the lease of the property back to the seller. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=77913982&loc=d3e50796-112755 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 40 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=77888430&loc=SL77919786-209982 + Details
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- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585 + Details
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