XML 59 R47.htm IDEA: XBRL DOCUMENT v3.19.1
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