XML 41 R24.htm IDEA: XBRL DOCUMENT
v3.20.1

Revenues | 12 Months Ended
--- | ---
Dec. 31, 2019
Revenue from Contract with Customer [Abstract] |
Revenues | 16. Revenues The amounts in the accompanying consolidated statements of operations are analyzed as follows:
|  | Year ended December 31, |
|  | 2017 |  |  | 2018 |  |  | 2019 |
Time charter revenues |  |  | 96,339,915 |  |  |  | 104,099,818 |  |  |  | 97,249,537 |
Time charter revenues – related party |  |  | 1,973,643 |  |  |  | — |  |  |  | — |
Bareboat revenues |  |  | 27,647,268 |  |  |  | 24,646,311 |  |  |  | 21,764,102 |
Voyage charter revenues |  |  | 26,924,708 |  |  |  | 34,266,082 |  |  |  | 24,018,198 |
Other income |  |  | 1,426,387 |  |  |  | 1,317,991 |  |  |  | 1,227,475 |
Total |  |  | 154,311,921 |  |  |  | 164,330,202 |  |  |  | 144,259,312 |
The amount of revenue earned as demurrage relating to the Company’s voyage charters for the years ended December 31, 2017, 2018 and 2019 was $4.3, $4.7 and $2.0 million, respectively and is included within “ Voyage charter r evenues” in the above table . As of December 31, 2018 and 2019, the Company recognized $134,301 and $118,246, respectively, of contract fulfillment costs which mainly represent bunker expenses incurred prior to commencement of loading relating to the Company’s voyage charters. These costs are recorded in “Other current assets” on the consolidated balance sheets. As of December 31, 2018 and 2019, revenues relating to undelivered performance obligations of the Company’s voyage charters amounted to $821,577 and $439,135, respectively. The Company recognized these amounts as revenues in the first quarter of 2019 and in the first quarter of 2020, respectively.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration