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Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2016

Payables and Accruals [Abstract]

Components of Accrued Expenses

Accrued expenses consist of the following:

		2016				2015
Compensation and bonuses		$	1,687,214			$	866,551
Vessel operations			—				1,528,478
Professional services			544,412				942,604
Interest			2,391,857				828,888
Accrued insurance payable			393,715				—
Other operating			60,927				98,935
Total accrued expenses		$	5,078,125			$	4,265,456

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Tabular disclosure of the components of accrued liabilities.

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