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Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Revenues $ 150,204,527 $ 145,003,021 $ 144,259,312
Total revenues 150,204,527 145,003,021 144,259,312
Expenses      
Voyage expenses 20,342,186 12,259,795 15,201,978
Voyage expenses – related party 1,867,100 1,799,209 1,788,543
Charter hire expenses 0 318,606 6,268,988
Vessels' operating expenses 60,443,813 52,344,721 48,619,594
Vessels' operating expenses – related party 1,065,750 950,500 966,500
Dry-docking costs 5,285,490 3,640,327 1,094,306
Management fees – related party 5,831,900 5,599,351 5,730,910
General and administrative expenses (including $1,294,722, $1,205,683 and $1,084,961 to related party) 4,337,013 2,301,308 3,706,320
Depreciation 37,125,903 37,455,093 37,693,733
Impairment loss 44,616,214 3,857,307 993,916
Net loss on sale of vessels 304,210 1,134,854 485,516
Total expenses 181,219,579 121,661,071 122,550,304
Income/(Loss) from operations (31,015,052) 23,341,950 21,709,008
Other (expenses)/income      
Interest and finance costs (12,678,101) (14,129,893) (20,978,065)
Gain on deconsolidation of subsidiaries 0 0 145,000
Loss/(gain) on derivatives 240,153 (50,976) (107,550)
Interest income and other income 26,379 167,794 846,271
Foreign exchange loss (23,288) (54,374) (8,235)
Other expenses, net (12,434,857) (14,067,449) (20,102,579)
Income/(Loss) before equity in earnings of investees (43,449,909) 9,274,501 1,606,429
Equity earnings in joint ventures 8,326,701 2,709,984 486,695
Net Income/(Loss) $ (35,123,208) $ 11,984,485 $ 2,093,124
Earnings/(Loss) per share      
– Basic and diluted $ (0.93) $ 0.31 $ 0.05
Weighted average number of shares      
– Basic and diluted 37,858,437 38,357,893 39,800,434