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Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt

Term Loans				Drawn Amount				December 31, 2019				2020
Issue Date/ Refinancing Date		Maturity Date
December 14, 2018		December 18, 2023			14,094,184				11,894,184				9,694,184
May 28, 2019		April 16, 2024			11,000,000				10,360,000				9,080,000
August 6, 2019		March 1, 2024			27,675,000				21,900,000				18,600,000
July 5, 2019		July 11, 2026			22,230,000				21,436,071				18,260,357
March 29, 2019		December 29, 2022			25,458,432				18,237,048				13,701,816
August 7, 2019		July 31, 2022			50,225,000				29,025,000				25,420,000
December 14, 2018		December 18, 2023			9,480,000				8,680,000				7,880,000
June 20, 2014		January 8, 2023			20,925,000				14,180,000				12,760,000
August 6, 2019		June 30, 2023			67,200,000				47,595,000				43,635,000
December 24, 2015		December 14, 2022			22,400,000				16,426,688				14,933,360
July 4, 2014		September 3, 2021			22,750,000				15,843,750				14,218,750
July 29, 2014		July 7, 2023			25,350,000				16,371,875				14,259,375
December 7, 2017		December 11, 2022			22,275,000				16,765,000				14,010,000
May 18, 2016		December 31, 2025			65,650,000				56,945,940				52,842,620
March 1, 2017		April 17, 2026			70,787,500				62,568,747				57,512,495
June 17, 2020		June 19, 2026			11,505,000				—				11,121,500
April 30, 2020		October 7, 2026			15,600,000				—				15,600,000
Total									368,229,303				353,529,457
Current portion of long-term debt									41,421,346				41,161,686
Long-term debt									326,807,957				312,367,771
Total debt									368,229,303				353,529,457
Current portion of deferred finance charges									685,790				613,794
Deferred finance charges non-current									1,560,055				1,118,450
Total deferred finance charges									2,245,845				1,732,244
Total debt									368,229,303				353,529,457
Less: Total deferred finance charges									2,245,845				1,732,244
Total debt, net of deferred finance charges									365,983,458				351,797,213
Less: Current portion of long-term debt, net of current portion of deferred finance charges									40,735,556				40,547,892
									325,247,902				311,249,321

Schedule of Maturities of Long-term Debt

The annual principal payments to be made, for the abovementioned loans, after December 31, 2020, and after taking into account the refinancing arrangements, are as follows:

December 31,		Amount
2021			41,161,686
2022			72,773,038
2023			65,392,513
2024			34,928,954
2025			53,314,974
Thereafter			85,958,292
Total			353,529,457

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