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Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2020
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | Amounts and notes payable to related parties consist of the following:
|  | December 31, 2019 |  | Activity |  | December 31, 2020
Included in trade accounts receivable and voyage revenue on the consolidated balance sheets and statements of income, respectively: |  |  |  |  |  |
Trade receivables due from King George Slag(i) |  | $ | 457,629 |  |  | $ | (350,670) |  |  | $ | 106,959 |
Included in accounts payable and accrued expenses on the consolidated balance sheets: |  |  |  |  |  |
Trade payables due to Seamar (ii) |  | $ | 5,679,768 |  |  | $ | (1,528,576) |  |  | $ | 4,151,192 |
Included in current related party notes payable on the consolidated balance sheets: |  |  |  |  |  |
Interest payable – 2011 Founders Note |  | 332,987 |  |  | (90,135) |  |  | 242,852 |
Promissory Note |  | — |  |  | — |  |  | — |
Total current related party notes payable |  | $ | 332,987 |  |  | $ | (90,135) |  |  | $ | 242,852 |
i.King George Slag LLC is a joint venture of which the Company owns 25%. ii.Seamar Management S.A. ("Seamar")

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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