XML 86 R37.htm IDEA: XBRL DOCUMENT v3.20.1

Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Debt

Term Loans				Drawn Amount				December 31, 2018				Movement in 2019								Deconsolidated (Note 7)				December 31, 2019
Issue Date/ Refinancing Date		Maturity Date										Additions				Repayments
February 12, 2008		February 19, 2020			40,250,000				11,875,000				—				(11,875,000	)			—				—
July 30, 2008		November 4, 2020			33,240,000				13,850,000				—				—				(13,850,000	)			—
December 14, 2018		December 18, 2023			14,094,184				14,094,184				—				(2,200,000	)			—				11,894,184
May 28, 2019		April 16, 2024			11,000,000				11,700,000				—				(1,340,000	)			—				10,360,000
August 6, 2019		March 1, 2024			27,675,000				25,200,000				—				(3,300,000	)			—				21,900,000
March 1, 2011		June 20, 2020			43,250,000				23,375,000				—				(23,375,000	)			—				—
July 5, 2019		July 11, 2026			22,230,000				—				22,230,000				(793,929	)			—				21,436,071
March 29, 2019		December 29, 2022			25,458,432				15,244,697				11,250,000				(8,257,649	)			—				18,237,048
August 7, 2019		July 31, 2022			50,225,000				35,630,000				—				(6,605,000	)			—				29,025,000
April 16, 2014		April 16, 2020			30,000,000				16,300,000				—				(16,300,000	)			—				—
December 14, 2018		December 18, 2023			9,480,000				9,480,000				—				(800,000	)			—				8,680,000
June 20, 2014		January 8, 2023			20,925,000				15,600,000				—				(1,420,000	)			—				14,180,000
August 6, 2019		June 30, 2023			67,200,000				51,555,000				—				(3,960,000	)			—				47,595,000
December 24, 2015		December 14, 2022			22,400,000				17,920,016				—				(1,493,328	)			—				16,426,688
July 4, 2014		September 3, 2021			22,750,000				17,468,750				—				(1,625,000	)			—				15,843,750
July 29, 2014		July 7, 2023			25,350,000				18,484,375				—				(2,112,500	)			—				16,371,875
December 7, 2017		December 11, 2022			22,275,000				19,520,000				—				(2,755,000	)			—				16,765,000
May 18, 2016		December 31, 2025			65,650,000				61,049,260				—				(4,103,320	)			—				56,945,940
March 1, 2017		April 17, 2026			70,787,500				67,624,999				—				(5,056,252	)			—				62,568,747
Total									445,971,281				33,480,000				(97,371,978	)			(13,850,000	)			368,229,303
Current portion of long-term debt									42,433,562																41,421,346
Current portion of long-term debt associated with vessels held for sale									30,150,000																—
Long term debt									373,387,719																326,807,957
Total debt									445,971,281																368,229,303
Current portion of deferred finance charges									706,725																685,790
Current portion of deferred finance charges associated with vessels held for sale									73,644																—
Deferred finance charges non-current									1,873,466																1,560,055
Total deferred finance charges									2,653,835																2,245,845
Total debt									445,971,281																368,229,303
Less: Total deferred finance charges									2,653,835																2,245,845
Total debt, net of deferred finance charges									443,317,446																365,983,458
Less: Current portion of long-term debt, net of current portion of deferred finance charges									41,726,837																40,735,556
Less: Current portion of long-term debt associated with vessels held for sale, net of current portion of deferred finance charges									30,076,356																—
									371,514,253																325,247,902

Schedule of Maturities of Long-term Debt

The annual principal payments to be made, for the abovementioned loans, after December 31, 2019 are as follows:

December 31,		Amount
2020			41,421,346
2021			67,415,096
2022			87,184,402
2023			66,658,845
2024			26,275,286
Thereafter			79,274,328
Total			368,229,303

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information on an original debt issue that has been converted in a noncash (or part noncash) transaction during the accounting period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. The information may be presented entirely or partially in this block of text or in the associated elements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4313-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4332-108586

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4304-108586

+ Details

Name:	us-gaap_ScheduleOfDebtConversionsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration