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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities    
Net income $ 85,507,704 $ 72,373,704
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization expense 29,489,810 22,974,249
Amortization of deferred financing costs 1,005,487 920,995
Amortization of prepaid rent 122,343 115,256
Unrealized gain on derivative instruments (682,323) (3,886,201)
Income from equity method investee (807,142) (1,129,436)
Earnings attributable to non-controlling interest recorded as interest expense 6,717,414 1,184,741
Provision for doubtful accounts 2,377,389 1,559,378
Loss on impairment of vessels 3,007,809 0
Loss on sales of vessels 318,032 0
Drydocking costs (6,019,126) (8,075,813)
Share-based compensation 1,767,726 2,102,897
Change in operating assets and liabilities:    
Accounts receivable 15,126,727 (26,666,490)
Bunker inventory (1,956,676) (11,181,513)
Advance hire, prepaid expenses and other current assets 19,086,893 (24,935,427)
Accounts payable, accrued expenses and other current liabilities (8,939,313) 16,983,215
Deferred revenue (11,321,354) 19,405,751
Net cash provided by operating activities 134,801,400 61,745,306
Investing activities    
Purchase of vessels and vessel improvements (35,740,482) (194,620,582)
Proceeds from sale of vessels 8,400,000 0
Advances for Vessel Purchases 0 (1,990,000)
Purchase of equipment and internal use software (653,452) (42,963)
Contribution Payments To Acquire Non-Controlling Interest (515,162) (1,138,835)
Net cash used in investing activities (28,509,096) (197,792,380)
Financing activities    
Proceeds from long-term debt 8,500,000 79,150,000
Payments of financing and issuance costs (466,544) (2,046,450)
Payments of long-term debt (15,443,115) (61,960,469)
Proceeds from finance leases 15,000,000 141,166,978
Payments on finance lease obligation (15,834,059) (9,919,514)
Repayments of Other Long-term Debt (5,000,000) (2,500,000)
Dividends paid to non-controlling interests (5,000,000) (3,333,334)
Common stock accrued dividends paid (13,414,984) (5,535,261)
Cash paid for incentive compensation shares relinquished (407,898) (150,015)
Contributions from non-controlling interests 0 9,182,423
Payments to non-controlling interest recorded as long-term liability (2,050,000) (195,598)
Net cash (used in) provided by financing activities (34,116,600) 143,858,760
Net increase in cash and cash equivalents 72,175,704 7,811,686
Cash and cash equivalents at beginning of period 56,208,902 48,397,216
Cash and cash equivalents at end of period 128,384,606 56,208,902
Disclosure of noncash items    
Cash paid for interest $ 14,906,972 $ 9,088,684