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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%