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Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Revenues $ 152,760,888 $ 150,204,527 $ 145,003,021
Total revenues 152,760,888 150,204,527 145,003,021
Expenses      
Voyage expenses 20,306,407 20,342,186 12,259,795
Voyage expenses – related party 1,871,071 1,867,100 1,799,209
Charter hire expenses 0 0 318,606
Vessels' operating expenses 53,909,328 60,443,813 52,344,721
Vessels' operating expenses – related party 1,035,450 1,065,750 950,500
Dry-docking costs 2,954,575 5,285,490 3,640,327
Management fees – related party 5,242,990 5,831,900 5,599,351
General and administrative expenses (including $1,084,961, $1,126,112 and $1,012,829 to related party) 3,404,141 4,337,013 2,301,308
Depreciation 27,814,901 37,125,903 37,455,093
Impairment loss 3,167,034 44,616,214 3,857,307
Net loss on sale of vessels 408,637 304,210 1,134,854
Total expenses 120,114,534 181,219,579 121,661,071
Income/(Loss) from operations 32,646,354 (31,015,052) 23,341,950
Other (expenses)/income      
Interest and finance costs (12,076,300) (12,678,101) (14,129,893)
(Loss)/ gain on derivatives 1,698,462 240,153 (50,976)
Interest income 1,098,789 26,379 167,794
Foreign exchange (loss)/gain 23,373 (23,288) (54,374)
Other expenses, net (9,255,676) (12,434,857) (14,067,449)
Income/(Loss) before equity in earnings of investees 23,390,678 (43,449,909) 9,274,501
Equity earnings in joint ventures 10,862,687 8,326,701 2,709,984
Net Income/(Loss) $ 34,253,365 $ (35,123,208) $ 11,984,485
Earnings/(Loss) per share      
Basic $ 0.9 $ (0.93) $ 0.31
Diluted $ 0.9 $ (0.93) $ 0.31
Weighted average number of shares      
Basic 37,961,560 37,858,437 38,357,893
Diluted 37,961,673 37,858,437 38,357,893