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Consolidated Statements of Income - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Revenues $ 131,501,881 $ 122,158,892 $ 111,667,565
Revenues – related party 9,814,000 9,814,000 9,814,000
Total revenues 141,315,881 131,972,892 121,481,565
Expenses      
Voyage expenses 15,849,855 12,474,090 12,819,866
Voyage expenses – related party 1,725,683 1,613,421 1,482,764
Charter hire expenses 4,124,960 320,804  
Vessels’ operating expenses 46,477,583 41,335,984 32,439,404
Vessels’ operating expenses – related party 4,177,042 4,099,352 4,084,149
Dry-docking costs 1,774,905 465,681 3,160,251
Management fees – related party 6,452,145 5,501,675 4,807,010
General and administrative expenses (including $1,323,836, $1,394,025, and $1,150,451, to related party) 3,655,316 3,150,929 2,816,397
Depreciation 35,857,507 33,811,607 30,761,673
Impairment loss 8,238,987 6,168,747 0
Net gain on sale of vessels (33,251)    
Total expenses 128,300,732 108,942,290 92,371,514
Income from operations 13,015,149 23,030,602 29,110,051
Other (expenses)/income      
Interest and finance costs (10,385,261) (9,314,539) (8,189,475)
Loss on derivatives (370,584) (1,348,384) (27,470)
Interest income and other income/(expenses) 173,083 456,924 361,820
Foreign exchange (loss)/gain 134,291 (138,777) (37,733)
Other expenses, net (10,448,471) (10,344,776) (7,892,858)
Net income $ 2,566,678 $ 12,685,826 $ 21,217,193
Earnings per share      
– Basic and diluted (in Dollars per share) $ 0.06 $ 0.32 $ 0.75
Weighted average number of shares      
– Basic and diluted (in Shares) 41,315,127 39,305,644 28,271,746