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Unaudited Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 95,856,697 $ 42,273,000
Receivables from related party 96,717  
Trade and other receivables 3,391,637 3,029,284
Claims receivable 1,748,496 32,835
Inventories 3,341,831 3,152,407
Advances and prepayments 702,705 435,226
Restricted cash 6,865,568 7,340,655
Total current assets 112,003,651 56,263,407
Non current assets    
Advances for vessels under construction 46,283,936 19,321,045
Vessels, net 685,112,848 634,634,671
Other receivables 578,173 224,422
Restricted cash 2,100,000 1,300,000
Deferred finance charges 1,415,992 1,295,486
Total non current assets 735,490,949 656,775,624
Total assets 847,494,600 713,039,031
Current liabilities    
Payable to related party 7,944,631 7,288,899
Trade accounts payable 7,293,704 5,927,526
Accrued liabilities 3,459,375 2,855,170
Customer deposits   280,000
Deferred income 3,058,374 3,129,671
Fair value of derivatives 370,702 539,904
Current portion of long-term debt 72,873,605 35,787,544
Total current liabilities 95,000,391 55,808,714
Non current liabilities    
Fair value of derivatives 3,240,319 5,409,337
Other non current liabilities 552,131 222,770
Long-term debt 281,673,584 309,564,768
Total non current liabilities 285,466,034 315,196,875
Total liabilities 380,466,425 371,005,589
Stockholders' equity    
5,000,000 preferred shares authorized and zero outstanding with a par value of $0.01 per share, 100,000,000 common shares authorized 21,179,642 shares issued and 20,627,329 shares outstanding at December 31, 2012 and 32,679,642 shares issued and 32,127,329 shares outstanding at September 30, 2013 with a par value of $0.01 per share 321,273 206,273
Additional paid-in capital 385,079,657 275,792,164
Retained earnings 81,701,724 66,016,627
Accumulated other comprehensive income/(loss) (74,479) 18,378
Total stockholders' equity 467,028,175 342,033,442
Total liabilities and stockholders' equity $ 847,494,600 $ 713,039,031