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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.