Document And Entity Information - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2016 |
Mar. 28, 2017 |
Jun. 30, 2016 |
|
| Document Information [Line Items] | |||
| Entity Registrant Name | Eagle Bulk Shipping Inc. | ||
| Entity Central Index Key | 0001322439 | ||
| Trading Symbol | egle | ||
| Current Fiscal Year End Date | --12-31 | ||
| Entity Filer Category | Smaller Reporting Company | ||
| Entity Current Reporting Status | Yes | ||
| Entity Voluntary Filers | No | ||
| Entity Well-known Seasoned Issuer | No | ||
| Entity Common Stock, Shares Outstanding (in shares) | 74,103,956 | ||
| Entity Public Float | $ 8,350,559 | ||
| Document Type | 10-K | ||
| Document Period End Date | Dec. 31, 2016 | ||
| Document Fiscal Year Focus | 2016 | ||
| Document Fiscal Period Focus | FY | ||
| Amendment Flag | false |
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- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition Trading symbol of an instrument as listed on an exchange. No definition available.
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- Definition Carrying value of payments made in advance for vessels that is expected to be received within one year or the normal operating cycle, if longer. No definition available.
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- Definition Carrying value of deferred drydock costs as of the balance sheet date. No definition available.
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- Definition The fair value of above contract value of time charters acquired for more than one year as on reporting period. No definition available.
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- Definition The fair value of above contract value of time charters acquired for more than one year as on reporting period. No definition available.
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- Definition Long lived, depreciable assets used for the primary purpose of water transportation, net of accumulated depreciation. No definition available.
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- Definition Amount of vessels held-for-sale, expected to be sold within a year or the normal operating cycle, if longer. No definition available.
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expenses incurred but not yet paid classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of unearned revenue or income classified as other, expected to be taken into income within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Cash and equivalents whose use in whole or in part is restricted for the long-term, generally by contractual agreements or regulatory requirements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Consolidated Balance Sheets (Parentheticals) - USD ($) |
Dec. 31, 2016 |
Dec. 31, 2015 |
|---|---|---|
| Successor [Member] | ||
| Accumulated depreciation, vessels | $ 76,463,743 | $ 49,148,080 |
| Accumulated amortization, other fixed assets | $ 307,880 | $ 159,827 |
| Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
| Preferred stock, shares authorized (in shares) | 25,000,000 | 25,000,000 |
| Preferred stock, shares issued (in shares) | 0 | 0 |
| Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
| Common stock, shares authorized (in shares) | 700,000,000 | 700,000,000 |
| Common stock, issued (in shares) | 48,106,827 | 1,883,303 |
| Common stock, outstanding (in shares) | 48,106,827 | 1,883,303 |
| X | ||||||||||
- Definition Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of accumulated depreciation of long-lived, physical assets used to produce goods and services and not intended for resale, classified as other. No definition available.
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Consolidated Statements of Operations - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2014 |
Oct. 15, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||||
| Successor [Member] | |||||||||
| Revenues, net | $ 31,089,603 | $ 124,492,844 | $ 103,856,876 | ||||||
| Voyage expenses | 6,262,082 | 42,093,714 | 23,832,457 | ||||||
| Vessel expenses | 17,331,575 | 74,016,763 | 86,329,060 | ||||||
| Charter hire expenses | 1,042,760 | 12,845,468 | 4,125,766 | ||||||
| Depreciation and amortization | 8,781,846 | 38,884,322 | 43,000,741 | ||||||
| General and administrative expenses | 5,933,011 | 22,905,802 | 25,537,007 | ||||||
| Restructuring charges | 5,869,025 | ||||||||
| Net loss on sale of vessels | 101,860 | 5,696,675 | |||||||
| Impairment of vessels | 129,027,862 | 50,872,734 | |||||||
| Total operating expenses | 39,351,274 | 325,744,816 | 239,394,440 | ||||||
| Operating income (loss) | (8,261,671) | (201,251,972) | (135,537,564) | ||||||
| Interest expense | 2,359,326 | 21,799,146 | 11,927,422 | ||||||
| Interest income | (2,238) | (215,433) | (6,222) | ||||||
| Other expense | 884,427 | 686,750 | 838,201 | ||||||
| Reorganization items, net | 45,542 | ||||||||
| Total other expense (income), net | 3,287,057 | 22,270,463 | 12,759,401 | ||||||
| Net loss | $ (11,548,728) | $ (223,522,435) | $ (148,296,965) | ||||||
| Weighted average shares outstanding: | |||||||||
| Basic* (in shares) | [1],[2] | 1,875,227 | 20,565,652 | 1,880,116 | |||||
| Diluted* (in shares) | [1],[2] | 1,875,227 | 20,565,652 | 1,880,116 | |||||
| Per share amounts: | |||||||||
| Basic net loss (in dollars per share) | $ (6.16) | $ (10.87) | $ (78.88) | ||||||
| Diluted net loss (in dollars per share) | $ (6.16) | $ (10.87) | $ (78.88) | ||||||
| Predecessor [Member] | |||||||||
| Revenues, net | $ 123,150,214 | ||||||||
| Voyage expenses | 14,703,850 | ||||||||
| Vessel expenses | 71,679,034 | ||||||||
| Charter hire expenses | 188,233 | ||||||||
| Depreciation and amortization | 61,238,760 | ||||||||
| General and administrative expenses | 18,679,265 | ||||||||
| Restructuring charges | |||||||||
| Net loss on sale of vessels | |||||||||
| Impairment of vessels | |||||||||
| Total operating expenses | 166,489,142 | ||||||||
| Operating income (loss) | (43,338,928) | ||||||||
| Interest expense | 60,737,471 | ||||||||
| Interest income | (8,352) | ||||||||
| Other expense | |||||||||
| Reorganization items, net | 427,735,210 | ||||||||
| Total other expense (income), net | 488,464,329 | ||||||||
| Net loss | $ (531,803,257) | ||||||||
| Weighted average shares outstanding: | |||||||||
| Basic* (in shares) | [1],[2] | 17,857,408 | |||||||
| Diluted* (in shares) | [1],[2] | 17,857,408 | |||||||
| Per share amounts: | |||||||||
| Basic net loss (in dollars per share) | $ (29.78) | ||||||||
| Diluted net loss (in dollars per share) | $ (29.78) | ||||||||
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- Definition Rental expense related to hire of vessels under operating leases contracts. No definition available.
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- Definition The aggregate direct operating costs incurred during the reporting period. No definition available.
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- Definition Expenses associated with operating vessels which are attributable to particular voyages such as port and canal charges, fuel (bunker) expenses, and brokerage commissions payable to unaffiliated third parties. No definition available.
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| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of expense related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of recapitalization costs for professional fees associated with restructuring debt and equity mixture that do not qualify for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Consolidated Statements of Comprehensive Loss - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Dec. 31, 2014 |
Oct. 15, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Successor [Member] | ||||
| Net Loss | $ (11,548,728) | $ (223,522,435) | $ (148,296,965) | |
| Other comprehensive loss: | ||||
| Comprehensive loss | $ (11,548,728) | $ (223,522,435) | $ (148,296,965) | |
| Predecessor [Member] | ||||
| Net Loss | $ (531,803,257) | |||
| Other comprehensive loss: | ||||
| Change in unrealized loss on available for sale investment | (231,995) | |||
| Total other comprehensive loss | (231,995) | |||
| Comprehensive loss | $ (532,035,252) | |||
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Consolidated Statements of Changes in Stockholders' Equity - USD ($) |
Cancellation of Predecessor Common Stock [Member]
Common Stock [Member]
|
Cancellation of Predecessor Common Stock [Member]
Additional Paid-in Capital [Member]
|
[1] | Cancellation of Predecessor Common Stock [Member] |
Elimination of Predecessor Accumulated Deficit [Member]
Retained Earnings [Member]
|
[1] | Elimination of Predecessor Accumulated Deficit [Member] |
Elimination of Predecessor Other Comprehensive Income [Member]
AOCI Attributable to Parent [Member]
|
Elimination of Predecessor Other Comprehensive Income [Member] |
Private Placement [Member]
Common Stock [Member]
|
Private Placement [Member]
Additional Paid-in Capital [Member]
|
[1] | Private Placement [Member] |
Common Stock [Member] |
Additional Paid-in Capital [Member] |
Retained Earnings [Member] |
AOCI Attributable to Parent [Member] |
Total |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance (in shares) (Predecessor [Member]) at Dec. 31, 2013 | 16,783,071 | |||||||||||||||||||||||||
| Balance (Predecessor [Member]) at Dec. 31, 2013 | $ 167,828 | [1] | $ 766,823,808 | [1] | $ (235,796,772) | [1] | $ 0 | $ 531,194,864 | ||||||||||||||||||
| Net Loss | Predecessor [Member] | (531,803,257) | [1] | (531,803,257) | |||||||||||||||||||||||
| Change in unrealized loss on investment | Predecessor [Member] | (231,995) | (231,995) | ||||||||||||||||||||||||
| Exercise of Warrants (in shares) | Predecessor [Member] | 1,770,877 | |||||||||||||||||||||||||
| Exercise of Warrants | Predecessor [Member] | [1] | $ 17,709 | (17,709) | |||||||||||||||||||||||
| Non-cash compensation | Predecessor [Member] | 1,072,383 | [1] | 1,072,383 | |||||||||||||||||||||||
| Cancellation of Predecessor common stock (in shares) | Predecessor [Member] | (18,553,948) | |||||||||||||||||||||||||
| Cancellation of Predecessor common stock | Predecessor [Member] | $ (185,537) | [1] | $ (767,878,482) | $ (768,064,019) | $ 767,600,029 | $ 767,600,029 | $ 231,995 | $ 231,995 | ||||||||||||||||||
| Issuance of new shares (in shares) | Predecessor [Member] | 37,504,541 | |||||||||||||||||||||||||
| Issuance of new shares | Predecessor [Member] | $ 375,045 | 673,142,844 | 673,517,889 | |||||||||||||||||||||||
| Balance (in shares) (Predecessor [Member]) at Oct. 15, 2014 | 37,504,541 | |||||||||||||||||||||||||
| Balance (in shares) (Successor [Member]) at Oct. 15, 2014 | [1] | 1,875,227 | ||||||||||||||||||||||||
| Balance (Predecessor [Member]) at Oct. 15, 2014 | $ 375,045 | [1] | 673,142,844 | [1] | $ 0 | 673,517,889 | ||||||||||||||||||||
| Balance (Successor [Member]) at Oct. 15, 2014 | [1] | $ 18,752 | 673,499,137 | 673,517,889 | ||||||||||||||||||||||
| Net Loss | Successor [Member] | (11,548,728) | [1] | (11,548,728) | |||||||||||||||||||||||
| Non-cash compensation | Successor [Member] | 2,121,505 | [1] | 2,121,505 | |||||||||||||||||||||||
| Balance (in shares) (Successor [Member]) at Dec. 31, 2014 | [1] | 1,875,227 | ||||||||||||||||||||||||
| Balance (Successor [Member]) at Dec. 31, 2014 | [1] | $ 18,752 | 675,620,642 | (11,548,728) | 664,090,666 | |||||||||||||||||||||
| Net Loss | Successor [Member] | (148,296,965) | [1] | (148,296,965) | |||||||||||||||||||||||
| Non-cash compensation | Successor [Member] | 3,969,989 | [1] | 3,969,989 | |||||||||||||||||||||||
| Balance (in shares) (Successor [Member]) at Dec. 31, 2015 | [1] | 1,883,303 | ||||||||||||||||||||||||
| Balance (Successor [Member]) at Dec. 31, 2015 | [1] | $ 18,833 | 678,171,322 | (159,845,693) | 518,344,462 | |||||||||||||||||||||
| Vesting of restricted shares, net of shares withheld for employee tax (in shares) | Successor [Member] | 8,076 | |||||||||||||||||||||||||
| Vesting of restricted shares, net of shares withheld for employee tax | Successor [Member] | $ 81 | [1] | (1,419,309) | [1] | (1,419,228) | |||||||||||||||||||||
| Net Loss | Successor [Member] | (223,522,435) | [1] | (223,522,435) | |||||||||||||||||||||||
| Non-cash compensation | Successor [Member] | 2,206,690 | [1] | 2,206,690 | |||||||||||||||||||||||
| Issuance of new shares (in shares) | Successor [Member] | 29,333,318 | |||||||||||||||||||||||||
| Issuance of new shares | Successor [Member] | $ 293,333 | [1] | $ 85,407,202 | $ 85,700,535 | ||||||||||||||||||||||
| Balance (in shares) (Successor [Member]) at Dec. 31, 2016 | [1] | 48,106,827 | ||||||||||||||||||||||||
| Balance (Successor [Member]) at Dec. 31, 2016 | [1] | $ 481,069 | 783,369,698 | $ (383,368,128) | 400,482,639 | |||||||||||||||||||||
| Vesting of restricted shares, net of shares withheld for employee tax (in shares) | Successor [Member] | 410 | |||||||||||||||||||||||||
| Vesting of restricted shares, net of shares withheld for employee tax | Successor [Member] | $ 4 | [1] | (2,942) | [1] | (2,938) | |||||||||||||||||||||
| Issuance of shares in connection with the Second Lien loan Agreement (in shares) | Successor [Member] | 16,889,828 | |||||||||||||||||||||||||
| Issuance of shares in connection with the Second Lien loan Agreement | Successor [Member] | $ 168,899 | [1] | $ 17,587,426 | [1] | $ 17,756,325 | |||||||||||||||||||||
| Reverse stock split adjustment (in shares) | Successor [Member] | (32) | |||||||||||||||||||||||||
| ||||||||||||||||||||||||||
| X | ||||||||||
- Definition Number of shares issued during the period related to the vesting of restricted stock awards. No definition available.
|
| X | ||||||||||
- Definition Aggregate value of stock related to restricted stock awards vesting during the period. No definition available.
|
| X | ||||||||||
- Definition Represents number of new stock issued during the period in connection with loan agreement. No definition available.
|
| X | ||||||||||
- Definition Represents equity impact of the value of new stock issued in connection with loan agreement during the period. Includes shares issued in an initial public offering or a secondary public offering. No definition available.
|
| X | ||||||||||
- Definition This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation". Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares issued which are neither cancelled nor held in the treasury. No definition available.
|
| X | ||||||||||
- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares of stock issued attributable to transactions classified as other. No definition available.
|
| X | ||||||||||
- Definition Reduction in the number of shares during the period as a result of a reverse stock split. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Value of shares of stock issued attributable to transactions classified as other. No definition available.
|
| X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition This element represents movements included in the statement of changes in stockholders' equity which are not separately disclosed or provided for elsewhere in the taxonomy. No definition available.
|
| X | ||||||||||
- Definition Number of increase (decrease) in shares of stock classified as other. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Consolidated Statements of Cash Flows - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Dec. 31, 2014 |
Oct. 15, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Successor [Member] | ||||
| Cash flows from operating activities: | ||||
| Net Loss | $ (11,548,728) | $ (223,522,435) | $ (148,296,965) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation | 8,781,846 | 35,556,911 | 41,044,397 | |
| Amortization of deferred drydocking costs | 3,327,411 | 1,956,344 | ||
| Amortization of debt discount and debt issuance costs | 256,175 | 4,532,481 | 2,146,316 | |
| Reorganization items and fresh-start reporting adjustments, net | ||||
| Amortization of fair value below contract value of time charter acquired | (235,709) | (661,253) | (948,741) | |
| Payment-in-kind interest on debt | 7,327,843 | |||
| Net loss on sale of vessels | 101,860 | 5,696,675 | ||
| Impairment of vessels | 129,027,862 | 50,872,734 | ||
| Realized loss from sale of investment | 884,426 | 462,394 | ||
| Allowance for accounts receivable | ||||
| Non-cash compensation expense | 2,121,505 | 2,206,690 | 3,969,989 | |
| Drydocking expenditures | (1,960,792) | (3,688,711) | (11,141,561) | |
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (1,007,975) | 1,986,820 | 7,654,773 | |
| Other assets | 1,086,391 | (26,799) | 4,691,158 | |
| Prepaid expenses | 43,355 | 138,801 | (19,833) | |
| Inventories | 2,919,530 | (5,302,307) | 174,867 | |
| Accounts payable | (1,903,888) | (1,081,317) | (3,447,224) | |
| Accrued interest | 516,849 | (372,360) | (130,686) | |
| Accrued expenses | (4,342) | 528,563 | 2,357,787 | |
| Unearned revenue | (227,824) | 4,485,630 | (829,193) | |
| Net cash used in operating activities | (279,181) | (45,434,310) | (43,786,769) | |
| Cash flows from investing activities: | ||||
| Vessel purchases /improvements | (194,514) | (19,860,401) | (1,747,099) | |
| Advance for vessel purchase | (1,926,886) | |||
| Proceeds from sale of investment | 4,400,278 | 7,838,346 | ||
| Proceeds from sale of vessels | 13,001,000 | 4,235,542 | ||
| Purchase of other fixed assets | (560,348) | |||
| Changes in restricted cash | 66,244 | (74,918) | ||
| Net cash provided by/(used in) investing activities | 4,205,764 | (9,280,391) | 10,251,871 | |
| Cash flows from financing activities: | ||||
| Debtor-In-Possession Loan | ||||
| Repayment of Debtor-In-Possession Loan | ||||
| Long-Term borrowings | ||||
| Repayment of loan | (21,276,000) | (19,625,000) | ||
| Proceeds from common stock placement, net of issuance costs | 85,700,535 | |||
| Deferred financing costs | (3,086,947) | (500,000) | ||
| Cash used to settle net share equity awards | (2,938) | (1,419,228) | ||
| Net cash provided by financing activities | 106,334,650 | 18,455,772 | ||
| Net increase/(decrease) in cash and cash equivalents | 3,926,583 | 51,619,949 | (15,079,126) | |
| Cash and cash equivalents at beginning of period | 36,048,704 | 24,896,161 | 39,975,287 | |
| Cash and cash equivalents at end of period | 39,975,287 | $ 36,048,704 | 76,516,110 | 24,896,161 |
| Supplemental cash flow information: | ||||
| Cash paid during the period for interest | 1,586,303 | 10,257,766 | 9,911,793 | |
| Successor [Member] | Revolver Loan [Member] | ||||
| Cash flows from financing activities: | ||||
| Repayment of loan | (30,158,500) | |||
| Proceeds from Revolver Loan facility | 15,158,500 | 40,000,000 | ||
| Successor [Member] | Term Loan [Member] | ||||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Amortization of debt discount and debt issuance costs | ||||
| Cash flows from financing activities: | ||||
| Proceeds from Revolver Loan facility | $ 60,000,000 | |||
| Predecessor [Member] | ||||
| Cash flows from operating activities: | ||||
| Net Loss | (531,803,257) | |||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation | 58,717,282 | |||
| Amortization of deferred drydocking costs | 2,521,478 | |||
| Amortization of debt discount and debt issuance costs | 17,028,544 | |||
| Reorganization items and fresh-start reporting adjustments, net | 402,423,980 | |||
| Amortization of fair value below contract value of time charter acquired | ||||
| Payment-in-kind interest on debt | 17,858,132 | |||
| Net loss on sale of vessels | ||||
| Impairment of vessels | ||||
| Realized loss from sale of investment | ||||
| Allowance for accounts receivable | 2,289,509 | |||
| Non-cash compensation expense | 1,072,383 | |||
| Drydocking expenditures | (3,802,795) | |||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (4,815,734) | |||
| Other assets | (5,880,809) | |||
| Prepaid expenses | 1,710,579 | |||
| Inventories | 941,469 | |||
| Accounts payable | 7,145,279 | |||
| Accrued interest | 14,964,109 | |||
| Accrued expenses | 2,935,346 | |||
| Unearned revenue | (2,770,425) | |||
| Net cash used in operating activities | (19,464,930) | |||
| Cash flows from investing activities: | ||||
| Vessel purchases /improvements | (291,244) | |||
| Advance for vessel purchase | ||||
| Proceeds from sale of investment | ||||
| Proceeds from sale of vessels | ||||
| Purchase of other fixed assets | (199,421) | |||
| Changes in restricted cash | ||||
| Net cash provided by/(used in) investing activities | (490,665) | |||
| Cash flows from financing activities: | ||||
| Debtor-In-Possession Loan | 25,000,000 | |||
| Repayment of Debtor-In-Possession Loan | (25,000,000) | |||
| Long-Term borrowings | 219,500,000 | |||
| Repayment of loan | (182,603,425) | |||
| Proceeds from common stock placement, net of issuance costs | ||||
| Deferred financing costs | (575,000) | |||
| Cash used to settle net share equity awards | ||||
| Net cash provided by financing activities | 36,321,575 | |||
| Net increase/(decrease) in cash and cash equivalents | 16,365,980 | |||
| Cash and cash equivalents at beginning of period | 36,048,704 | 19,682,724 | ||
| Cash and cash equivalents at end of period | 36,048,704 | |||
| Supplemental cash flow information: | ||||
| Cash paid during the period for interest | 10,886,687 | |||
| Predecessor [Member] | Revolver Loan [Member] | ||||
| Cash flows from financing activities: | ||||
| Repayment of loan | ||||
| Proceeds from Revolver Loan facility | ||||
| Predecessor [Member] | Term Loan [Member] | ||||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Amortization of debt discount and debt issuance costs | 16,278,544 | |||
| Cash flows from financing activities: | ||||
| Proceeds from Revolver Loan facility | ||||
| X | ||||||||||
- Definition The cash outflow associated with advance for vessel purchase. No definition available.
|
| X | ||||||||||
- Definition The charge against earnings in the period representing the allocation of deferred drydocking costs to period expected to benefit from such costs. No definition available.
|
| X | ||||||||||
- Definition The change in the period of an asset recognized at the acquisition of a vessel with a time charter attached to it. No definition available.
|
| X | ||||||||||
- Definition The cash outflow for drydocking costs. No definition available.
|
| X | ||||||||||
- Definition The cash outflow associated with the acquisition of vessels and vessel improvements. No definition available.
|
| X | ||||||||||
- Definition Proceeds received from debtor in possession loan. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of amortization expense attributable to debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Aggregate cash paid by the entity during the period to settle equity instruments granted under equity-based payment arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of increase (decrease) in operating assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of expense charged against earnings to allocate the cost of tangible and intangible assets over their remaining economic lives, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Interest paid other than in cash for example by issuing additional debt securities. As a noncash item, it is added to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash outflow from the acquisition of or improvements to long-lived, physical assets used to produce goods and services and not intended for resale, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net realized gains or losses on investments during the period, not including gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash outflow for the payment of debt classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Note 1 - General Information |
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| Notes to Financial Statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Description and Basis of Presentation [Text Block] | Note 1. General Information:The accompanying consolidated financial statements include the accounts of Eagle Bulk Shipping Inc. and its wholly-owned subsidiaries (collectively, the "Company,” “we” or “our” or similar terms). The Company is engaged in the ocean transportation of dry bulk cargoes worldwide through the ownership, charter and operation of dry bulk vessels. The Company's fleet is comprised of Supramax and Ultramax bulk carriers and the Company operates its business in one business segment.Each of the Company’s vessels serve the same type of customer, have similar operation and maintenance requirements, operate in the same regulatory environment, and are subject to similar economic characteristics. Based on this, the Company has determined that it operates in one reportable segment, which is engaged in the ocean transportation of dry bulk cargoes worldwide through the ownership and operation of dry bulk carrier vessels. The Company is a holding company incorporated in 2005, under the laws of the Republic of the Marshall Islands and is the sole owner of all of the outstanding shares of its wholly-owned subsidiaries formed in the Republic of the Marshall Islands. The primary activity of each of the subsidiaries is the ownership of a vessel. The operations of the vessels are managed by an indirectly wholly-owned subsidiary of the Company, Eagle Shipping International (USA) LLC, a Republic of the Marshall Islands limited liability company.As of December 31, 2016, the Company owned and operated a modern fleet of 41 oceangoing vessels, 39 Supramax, 1 Ultramax and 1 Handymax, with a combined carrying capacity of 2,260,943 dwt and an average age of approximately 8.7 years. Additionally, the Company chartered in a 38,000 dwt new building beginning October 2, 2014 for a period of seven years.The following table represents certain information about the Company's charterers, which individually accounted for more than 10% of the Company's gross charter revenue during the periods indicated: Percentage of Consolidated Charter Revenue
*Includes charter revenue from a pool in which the Company participated. |
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- Definition The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). No definition available.
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- References No definition available.
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Note 2 - Corporate Reorganization |
12 Months Ended |
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Dec. 31, 2016 | |
| Notes to Financial Statements | |
| Corporate Reorganization [Text Block] | Note 2. Corporate Reorganization : Corporate Reorganization On March 30, 2016, we entered into the contribution agreement (the “Contribution Agreement”) with a newly-formed wholly-owned subsidiary, Eagle Shipping LLC, a limited liability company organized under the laws of the Marshall Islands and a wholly-owned subsidiary of the Company (“Eagle Shipping”), pursuant to which the Company transferred, assigned and contributed to Eagle Shipping, and Eagle Shipping received, accepted and assumed, all of the tangible and intangible assets of the Company (other than the membership interests in Eagle Shipping owned by the Company and certain deposit accounts held by the Company, which deposit account balances were transferred) and all of the liabilities of the Company, including all of the Company’s rights and obligations under the senior secured credit facility dated as of October 9, 2014 (the “Exit Financing Facility”) (the “Contribution”). Immediately following the Contribution, Eagle Shipping became the direct parent company of each of the Company’s previously directly-owned subsidiaries and the indirect parent company of each of the Company’s previously indirectly-owned subsidiaries. The Contribution was part of a series of transactions contemplated by the agreements also entered into on March 30, 2016 and described below, which transactions were consummated on March 30, 2016, after the fulfillment of certain conditions precedent. First Lien Facility On March 30, 2016, Eagle Shipping, as borrower, and certain of its subsidiaries that were guarantors of the Company’s obligations under the Company’s senior secured credit facility (the “Exit Financing Facility”), as guarantors, entered into an Amended and Restated First Lien Loan Agreement (the “A&R First Lien Loan Agreement”) with the lenders thereunder (the “First Lien Lenders”) and ABN AMRO Capital USA LLC, as agent and security trustee for the lenders. The A&R First Lien Loan Agreement amended and restated the Exit Financing Facility in its entirety, providing for Eagle Shipping to be the borrower in the place of the Company, and further provided for a waiver of any and all events of default occurring as a result of the voluntary OFAC Disclosure (as defined below under Note 11 “Commitments and Contingencies - Legal Proceedings”). The A&R First Lien Loan Agreement provides for a term loan which was outstanding as of March 30, 2016, in the amount of $201,468,750 after giving effect to the entry into the A&R First Lien Loan Agreement and the Second Lien Loan Agreement (as defined below) as well as a $50,000,000 revolving credit facility, of which $10,000,000 was undrawn as of March 30, 2016 (the term loan, together with the revolving credit facility, the “First Lien Facility”). The First Lien Facility matures on October 15, 2019. An aggregate fee of $600,000 was paid to the agent and First Lien Lenders in connection with the First Lien Facility.As of December 31, 2016, Eagle Shipping’s total availability in the revolving credit facility under the First Lien Facility was $25,000,000. Eagle Shipping’s obligations under the First Lien Facility are secured by a first priority mortgage on each of the vessels currently in Eagle Shipping’s fleet and such other vessels that it may from time to time include with the approval of the First Lien Lenders, a first priority assignment of its earnings account, its liquidity account and its vessel-owning subsidiaries’ earnings accounts, a first priority assignment of all charters with terms that may exceed 18 months, freights, earnings, insurances, requisition compensation and management agreements with respect to the vessels,a first priority pledge of the membership interests of each of Eagle Shipping’s vessel-owning subsidiaries, and a non-recourse pledge by the Company of the membership interests of Eagle Shipping. In the future, Eagle Shipping may grant additional security to the lenders from time to time.The A&R First Lien Agreement contains financial covenants requiring Eagle Shipping, among other things, to ensure that the aggregate market value of the vessels in Eagle Shipping’s fleet (plus the value of certain additional collateral) at all times on or after July 1, 2017 does not fall below 100% in the third and fourth quarters of 2017, 110% in 2018 and 120% in 2019 of the aggregate principal amount of debt outstanding (subject to certain adjustments) under the First Lien Facility and maintain minimum liquidity of not less than the greater of (i) $8,140,000 and (ii) $185,000 per vessel in Eagle Shipping’s fleet. In addition, the A&R First Lien Agreement also imposes operating restrictions on Eagle Shipping including limiting Eagle Shipping’s ability to, among other things: pay dividends; incur additional indebtedness; create liens on assets; acquire and sell capital assets (including vessels); and merge or consolidate with, or transfer all or substantially all of Eagle Shipping’s assets to, another person. The A&R First Lien Loan Agreement also includes customary events of default, including those relating to a failure to pay principal or interest, a breach of covenant, representation or warranty, a cross-default to other indebtedness and non-compliance with security documents. Further, there would be a default if any event occurs or circumstances arise in light of which, in the First Lien Lenders’ judgment, there is significant risk that Eagle Shipping is or would become insolvent. Eagle Shipping is not permitted to pay dividends. Indebtedness under the First Lien Facility may also be accelerated if Eagle Shipping experiences a change of control.Upon entering into the A&R First Lien Loan Agreement, Eagle Shipping paid three quarters of amortization payments with respect to the term loan under the First Lien Facility in the aggregate amount of $11,718,750, paid down $30,158,500, a portion of the amount outstanding in respect of the revolving credit facility under the First Lien Facility, and added cash to the balance sheet. In addition, the Company paid the first quarter amortization of $3,906,250 under the previously outstanding Exit Financing Facility. For the fiscal quarters ending June 30, 2017, and June 30, 2018 and the fiscal years ending December 31, 2017 and December 31, 2018 (each, a “Semi-Annual Determination Date”), Eagle Shipping is obligated to repay the term loan under the First Lien Facility in an amount equal to 75% of Eagle Shipping’s excess cash flow for the two fiscal quarters ended as of such Semi-Annual Determination Date, subject to a cap of such mandatory prepayments of $15,625,000 in any fiscal year. Thereafter, Eagle Shipping will make payments of $3,906,250 on January 15, 2019, April 15, 2019, and July 15, 2019, and a final balloon payment equal to the remaining amount outstanding under the term loan under the First Lien Facility on October 15, 2019. Eagle Shipping has prepaid $5,651,000 of the term loan as of December 31, 2016 pursuant to the terms of the A&R First Lien Loan Agreement relating to the mandatory prepayments upon sale of vessels. The repayment schedule above therefore has been adjusted to account for such prepayments made through December 31, 2016, such that Eagle Shipping is required to make the payments of $3,786,346 on January 15, 2019, April 15, 2019, and July 15, 2019, and a final balloon payment equal to the remaining amount outstanding under the First Lien Facility on October 15, 2019. As a result of the mandatory prepayments made through December 31, 2016, Eagle Shipping is not required to comply with the minimum security covenant until October 2017 pursuant to the terms of the A&R First Lien Loan Agreement.Second Lien Facility On March 30, 2016, Eagle Shipping, as borrower, and certain of its subsidiaries that were guarantors of the Company’s obligations under the Exit Financing Facility, as guarantors, entered into a Second Lien Loan Agreement (the “Second Lien Loan Agreement”) with certain lenders (the “Second Lien Lenders”) and Wilmington Savings Fund Society, FSB as agent for the Second Lien Lenders (the “Second Lien Agent”). The Second Lien Lenders include certain of the Company’s existing shareholders as well as other investors. The Second Lien Loan Agreement provides for a term loan in the amount of $60,000,000 (the “Second Lien Facility”), and matures on January 14, 2020 (91 days after the original stated maturity of the First Lien Facility). The term loan under the Second Lien Facility bears interest at a rate of LIBOR plus 14.00% per annum (with a 1.0% LIBOR floor) or the Base Rate (as defined in the Second Lien Loan Agreement) plus 13.00% per annum, paid in kind quarterly in arrears. The Company used the proceeds from the Second Lien Facility to pay down $30,158,500, a portion of the amount outstanding in respect of the revolving credit facility under the First Lien Facility, pay three quarters of amortization payments under the First Lien Facility, pay transaction fees in connection with the entry into the A&R First Lien Loan Agreement and the Second Lien Loan Agreement, and add cash to the balance sheet. Eagle Shipping’s obligations under the Second Lien Facility are secured by a second priority lien on the same collateral securing Eagle Shipping’s obligations under the First Lien Facility, subject to the terms of the Intercreditor Agreement (as defined below). Eagle Shipping may grant additional security to the Second Lien Lenders from time to time in the future, subject to the terms of the Intercreditor Agreement.The Second Lien Loan Agreement contains financial covenants substantially similar to those in the A&R First Lien Loan Agreement, subject to standard cushions, requiring Eagle Shipping, among other things, to ensure that the aggregate market value of the vessels in Eagle Shipping’s fleet (plus the value of certain additional collateral) at all times on or after July 1, 2017 does not fall below 100% in the third and fourth quarters of 2017, 110% in 2018 and 120% in 2019 of the aggregate principal amount of debt outstanding (subject to certain adjustments) under the Second Lien Facility (provided that Eagle Shipping will not be required to comply with such covenant until the discharge of its obligations under the A&R First Lien Loan Agreement) and to maintain a minimum liquidity of not less than the greater of (i) $6,512,000 and (ii) $148,000 per vessel in Eagle Shipping’s fleet. In addition, the Second Lien Loan Agreement also imposes operating restrictions on Eagle Shipping including limiting Eagle Shipping’s ability to, among other things: pay dividends; incur additional indebtedness; create liens on assets; acquire and sell capital assets (including vessels); and merge or consolidate with, or transfer all or substantially all of Eagle Shipping’s assets to, another person. Eagle Shipping may not prepay the Second Lien Facility while amounts or commitments under the First Lien Facility remain outstanding.The Second Lien Loan Agreement also includes customary events of default, including those relating to a failure to pay principal or interest, a breach of covenant, representation or warranty, a cross-default to other indebtedness and non-compliance with security documents. Further, there would be a default if any event occurs or circumstances arise in light of which, in the Second Lien Lenders’ judgment, there is significant risk that Eagle Shipping is or would become insolvent. Eagle Shipping is not permitted to pay dividends. Indebtedness under the Second Lien Facility may also be accelerated if Eagle Shipping experiences a change of control.In connection with the entry into the Second Lien Loan Agreement, on March 30, 2016, the Company agreed to issue 16,889,828 shares of common stock to the Second Lien Lenders pro rata based on their participation in the Second Lien Facility, which Second Lien Lenders received shares equivalent to approximately 90% of the outstanding common stock of the Company after such issuance. The issuance of the shares of common stock was made pursuant to the exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”).In a first step, the Company issued and delivered 371,276 shares of common stock, representing approximately 19.4% of the Company’s pre-transaction outstanding shares of common stock, to the Second Lien Lenders. In a second step, approved by the Company’s shareholders at a special meeting held on August 2, 2016, the Company issued and delivered an additional 16,420,098 shares of common stock, to the Second Lien Lenders and an additional 98,454 shares of common stock, to the Chairman and Chief Executive Officer, both of whom participated as Second Lien Lenders. The Company has proportionately allocated the proceeds from the Second Lien Loan Agreement based on the relative fair values of the Second Lien Facility and the common stock issued to the Second Lien Lenders. The difference between the $60 million principal value of the Second Lien Facility and its relative fair value, amounting to approximately $17.8 million, has been recorded as a discount to the recorded value of the Second Lien Facility and as Additional Paid-in capital. This discount is being amortized using the effective interest method over the term of the Second Lien Facility as a component of interest expense.Intercreditor Agreement Concurrently with Eagle Shipping’s entry into the A&R First Lien Loan Agreement and the Second Lien Loan Agreement, and in connection with the granting of security interests in and liens on the collateral securing obligations under those agreements, Eagle Shipping entered into the Intercreditor Agreement between the first lien agent and the second lien agent (the “Intercreditor Agreement”). The Intercreditor Agreement governs the relative rights and priorities of the secured parties in respect of liens on the assets of Eagle Shipping and its subsidiaries securing the First Lien Facility and the Second Lien Facility. |
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- Definition The entire disclosure for corporate reorganization. No definition available.
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- References No definition available.
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Note 3 - Equity Offerings |
12 Months Ended |
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Dec. 31, 2016 | |
| Notes to Financial Statements | |
| Stockholders' Equity Note Disclosure [Text Block] | Note 3. Equity OfferingsPreferred Stock Private Placement On May 26, 2016, the Company entered into a Preferred Stock Purchase Agreement (the “Preferred Stock Purchase Agreement”) with certain investors named therein, including certain of our existing shareholders and our Chairman and Chief Executive Officer (the “Purchasers”), pursuant to which the Company agreed to issue to the Purchasers in a private placement (the “Private Placement”) pursuant to the private placement exemption from registration under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D promulgated under the Securities Act, shares of the Company’s 15% Cumulative Nonparticipating Redeemable Series A Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”), at a purchase price of $1,000.00 per share with a 1.0% original issue discount, for aggregate gross proceeds expected to amount to approximately $6.3 million. On September 7, 2016, the Company and each of the Purchasers executed the Termination Agreement, terminating the Preferred Stock Purchase Agreement. The Company agreed to make an aggregate termination payment to the Purchasers of $125,255, which is allocated among the Purchasers in proportion to the percentage of the shares of Series A Preferred Stock each Purchaser had previously agreed to purchase. The fees paid to the shareholders were recorded as other expense in the consolidated statement of operations for the year ended December 31, 2016. Common Stock Offerings On July 1, 2016 and July 10, 2016, respectively, the Company entered into Common Stock Purchase Agreements (collectively, the “Common Stock Purchase Agreements”), with certain purchasers (the “Common Stock Purchasers”). The Common Stock Purchasers include certain of our existing shareholders, who held approximately 70% of our outstanding equity prior to entry into the Common Stock Purchase Agreements and prior to giving effect to the delivery of all of the shares of common stock issued in connection with the Second Lien Loan Agreement, as well as our Chairman and Chief Executive Officer. The Common Stock Purchase Agreements provided for the issuance and sale by the Company to the Common Stock Purchasers of an aggregate amount of $88 million of common stock, at an initial price per share of $0.15, which amount per share was increased to $3.00 per share based on the reverse stock split ratio of 1 -for-20 that became effective as of the opening of trading on August 5, 2016. On August 10, 2016, the Company closed the transactions contemplated by the Common Stock Purchase Agreements for aggregate proceeds of $85 .7 million net of fees and legal expenses. After giving effect to the Company’s previously announced reverse stock split of its issued and outstanding shares of common stock, including the rounding down of fractional shares pursuant to such split, the private placement included the issuance of 29,333,318 shares of the Company’s common stock. The Company intends to use the proceeds of the private placement for the acquisition of dry bulk vessels and general corporate purposes.On December 13, 2016, the Company entered into a Stock Purchase Agreement with certain investors (the “Investors”), pursuant to which the Company agreed to issue to the Investors in a private placement (the “December Private Placement”) approximately 22.2 million shares of the Company’s common stock, par value $0.01 per share, at an initial purchase price of $4.50 per share, for aggregate gross proceeds of $100.0 million. On January 20, 2017, the Company closed its previously announced December Private Placement for aggregate net proceeds of $95 million. The Company plans to use the proceeds from the December Private Placement for the acquisition of dry bulk tonnage and general corporate purposes. Authorized Shares and Reverse Split On August 2, 2016, the Company held a Special Meeting of Shareholders where the shareholders approved, among other things, to increase the number of authorized shares of the Company’s common stock, from 150,000,000 to 700,000,000 and establish the number of authorized shares of preferred stock, par value US$0.01 per share, at 25,000,000 shares.On August 5, 2016, the Company effected a 1 -for-20 reverse stock split of its issued and outstanding shares of common stock. Upon the effectiveness of the reverse stock split, every 20 shares of issued and outstanding common stock for the Successor were combined into one issued and outstanding share of common stock, with no change in par value per share. The impact of the reverse stock split has been retrospectively applied to all Successor periods in the consolidated financial statements. |
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 4 - Significant Accounting Policies |
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| Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||
| Significant Accounting Policies [Text Block] | Note 4. Significant Accounting Policies:
Impact of Recently Issued Accounting Standards In May 2014, the FASB issued Accounting Standards Update, (“ASU”) No. 2014 -09, Revenue from Contracts with Customers (“ASU 2014 -09”), which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle is that a company should recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014 -09 defines a five -step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. The standard is effective for annual periods beginning after December 15, 2017, and interim periods therein, and shall be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. In May 2016, the FASB issued Accounting Standards Update No. 2016 -12, Revenue from Contracts with Customers. This update provides further guidance on applying collectability criterion to assess whether the contract is valid and represents a substantive transaction on the basis whether a customer has the ability and intention to pay the promised consideration. The requirements of this standard include an increase in required disclosures. Management has not yet selected a transition method and is currently analyzing the impact of the adoption of this guidance on the Company’s consolidated financial statements, including assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting. The Company believes that the adoption of the standard will impact the timing of recognition of revenue. In August 2014, the FASB issued ASU No. 2014 -15, “Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern.” This ASU establishes specific guidance to an organization's management on their responsibility to evaluate whether there is substantial doubt about the organization's ability to continue as a going concern. The provisions of this ASU are effective for interim and annual periods ending after December 15, 2016. There was no impact on the financial statements due to the adoption of this accounting standard.In July 2015, the FASB issued ASU No. 2015 -11, “Simplifying the Measurement of Inventory.” The new guidance specifies that the inventory be measured at the lower of cost and net realizable value. The amendment would apply prospectively and would be effective for annual reporting periods beginning after December 15, 2016 and interim reporting periods within annual reporting periods after December 15, 2017. The Company intends to adopt the new accounting standard as of January 1, 2017. The Company believes that there will be no impact on the consolidated financial statements because of the adoption of the new accounting standard.In February 2016, the FASB issued Accounting Standards Update No. 2016 -02, Leases. ASU 2016 -02 is intended to increase the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. In order to meet that objective, the new standard requires recognition of the assets and liabilities that arise from leases. A lessee will be required to recognize on the balance sheet the assets and liabilities for leases with lease terms of more than 12 months. Accounting by lessors will remain largely unchanged from current U.S. generally accepted accounting principles. The requirements of this standard include an increase in required disclosures. The new standard is effective for public companies for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method. The Company is currently evaluating the effect that adopting this standard will have on our financial statements and related disclosures. Management expects that the Company will recognize increases in reported amounts for vessel and other fixed assets and related lease liabilities upon adoption of the new standard. Refer to Note 11 - Commitments and Contingencies for disclosure about the Company’s time charter and lease commitments as of December 31, 2016. In March 2016, the FASB issued Accounting Standards Update No. 2016 -09, “Stock Compensation”. The new guidance is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The Accounting Standard Update allows the entity to make an accounting policy election to account for forfeitures when they occur. The standard is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company believes there will be no impact on the consolidated financial statements as a result of the adoption of the new accounting standard.In August 2016, the FASB issued Accounting Standards Update No. 2016 -15, “Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments.” The new guidance is intended to provide specific guidance on cash flow classification issues such as debt prepayment or debt extinguishment costs, settlement of zero coupon debt instruments or cases where the coupon interest rate is insignificant compared to the effective interest rate of the borrowing, contingent consideration payments in a business combination, proceeds from insurance claim settlements and distributions received by equity method investees. The standard is effective for annual periods beginning after December 15, 2017 and interim periods within those annual periods. The amendments should be applied using a retrospective transition method to each period presented. The Company believes there will be no impact on the consolidated financial statements as a result of the adoption of the new accounting standard.In October 2016, the FASB issued Accounting Standards Update No. 2016 -17, “Interests held through related parties that are under Common Control. The amendments change the evaluation of whether a reporting entity is the primary beneficiary of a Variable Interest Entity by changing how a reporting entity that is a single decision maker of a VIE treats indirect interests in the entity held through related parties that are under common control. The amendments in this Update are effective for fiscal years beginning after December 15, 2016 and interim periods within those annual periods. The Company is not expecting any impact of the adoption of this standard on its consolidated financial statements.In November 2016, the FASB issued Accounting Standards Update No. 2016 -18, “Statement of Cash Flows- Restricted Cash”. The amendments in this Update require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts described as restricted cash and restricted cash equivalents. Therefore, the restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this Update are effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. The Company will include $74,917 of restricted cash within cash and cash equivalents when reconciling the beginning-of-period and end-of-period totals shown on the consolidated statement of cash flows upon adoption of this standard.In January 2017, the FASB issued Accounting Standards Update No. 2017 -01, “Business Combinations (Topic 805).” The amendments in this Update are intended to clarify the definition of business. The current guidance specifies three elements of a business – inputs, processes, and outputs. The new guidance provides a screen to determine when a set is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets, the set is not a business. This screen reduces the number of transactions that need to be further evaluated. The standard is effective to annual periods beginning after December 15, 2017, including interim periods within those periods. The Company is evaluating the potential impact of the adoption of this standard on its consolidated financial statements. |
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- References No definition available.
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- Definition The entire disclosure for all significant accounting policies of the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 5 - Vessels |
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| Property, Plant and Equipment Disclosure [Text Block] | Note 5. VesselsAs of December 31, 2016, the Company’s operating fleet consisted of 41 dry bulk vessels. As of October 15, 2014, the Company’s vessels were adjusted to a fair value aggregating $842,625,000 as part of fresh start accounting. The Company estimated the fair values based primarily on valuations obtained from third -party specialists principally utilizing the market value approach.As of December 31, 2015, we determined that the future undiscounted cash flows did not exceed the net book value on six of our vessels. This resulted from our intention to divest six of our older vessels in the short-term period. As a result, we reduced the carrying value of each identified vessel to its fair market value as of December 31, 2015 and recorded an impairment charge of $50,872,734. As of March 31, 2016, due to further reduction in asset values of the aforementioned six vessels during the first quarter of 2016, we determined that the future undiscounted cash flows of six of our vessels did not exceed their net book value. As a result, we reduced the carrying value of each vessel to its fair market value as of March 31, 2016 and recorded an impairment charge of $6,167,262. Out of the six vessels, the Company sold four vessels during 2016 and two vessels were sold during the first quarter of 2017. The two vessels sold in the first quarter of 2017 were reclassified to assets held for sale as of December 31, 2016. On April 26, 2016, the Company sold the vessel Peregrine for $2.6 million, after brokerage commissions and associated selling expenses, and recorded a net loss of approximately $150,000 in the second quarter of 2016. A portion of the proceeds was used towards repayment of the term loan under the First Lien Facility.On June 16, 2016, the Company sold the vessel Falcon for $3.2 million, after brokerage commissions and associated selling expenses, and recorded a net loss of approximately $140,000 in the second quarter of 2016. A portion of the proceeds was used towards repayment of the term loan under the First Lien Facility.On July 13, 2016, the Company sold the vessel Harrier for $3.2 million, after brokerage commissions and associated selling expenses, and recorded a net loss of $134,000. A portion of the proceeds was used towards repayment of the term loan under the First Lien Facility.On September 6, 2016, the Company sold the vessel Kittiwake for $4.0 million, after brokerage commission, associated selling expenses, and recorded a net gain of approximately $316,000 in the third quarter of 2016. A portion of the proceeds was used towards repayment of the term loan under the First Lien Facility.On September 30, 2016, the Company, through Eagle Shipco, signed a memorandum of agreement to acquire a 2016 NACKS built Ultramax 61,000 dwt vessel for $18.85 million. The Company took the delivery of the vessel in the fourth quarter of 2016. The purchase has been financed with cash on hand.In November 14, 2016, the Company, through Eagle Shipco, signed a memorandum of agreement to acquire a 2017 built 64,000 dwt SDARI-64 Ultramax dry bulk vessel constructed at Chengxi Shipyard Co., Ltd for $17.9 million. The Company paid $1.9 million advance towards the purchase as of December 31, 2016. The Company took the delivery of the vessel in the first quarter of 2017. On December 22, 2016, the Company signed a memorandum of agreement to sell the vessel Redwing for $5.8 million after brokerage commissions and associated selling expenses. The vessel was delivered to the buyers in first quarter of 2017. The Company will record a gain of $0.1 million in the first quarter of 2017. A portion of the proceeds was used towards repayment of the term loan under the First Lien Facility. As of December 31, 2016, the Company determined that all held for sale criteria were met for the vessel and classified the carrying amount of the vessel as a current asset in its consolidated balance sheet. On March 15, 2017, the Company signed a memorandum of agreement to sell the vessel Sparrow for $4.8 million after brokerage commissions and associated selling expenses. The vessel will be delivered to the buyers in the second quarter of 2017. The Company will record a gain of $1.8 million in the second quarter of 2017. A portion of the proceeds will be used towards repayment of the term loan under the First Lien Facility. As of December 31, 2016, the Company determined that held for sale criteria were met for the vessel and classified the carrying amount of the vessel as a current asset in its consolidated balance sheet.As of December 31, 2016, the Company is considering divesting some of the older as well as inefficient vessels from its fleet to achieve operating cost savings as well as potentially acquiring newer and more efficient vessels. The expected sale of vessels in the next two years reduces the useful life of the vessels resulting in impairment charge. As a result, we reduced the carrying value of each vessel to its fair market value as of December 31, 2016 and recorded an impairment charge of $122,860,600.
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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 6 - Investment |
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| Investment [Text Block] | Note 6. InvestmentKorea Line Corporation (“KLC”) During the year ended December 31, 2015, all the KLC shares have been sold for net proceeds of $7.8 million and a loss of $0.5 million recorded for the year ended December 31, 2015. The KLC investment was designated as Available For Sale (“AFS”) and was reported at its fair value, with unrealized gains and losses recorded in equity as a component of accumulated other comprehensive income (loss) (“AOCI”). The fair value of KLC shares are determined from the market price as quoted on the Korean Stock Exchange and by converting the South Korean Won (“KRW”) extended value into U.S. dollars with the exchange rate applicable on date of conversion. The Company reviewed the investment in KLC for impairment on a quarterly basis. The following table represents the movement in KLC capital stock, which was recorded at fair value:
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- Definition The entire disclosure for investments, including all tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 7 - Deferred Drydock Costs |
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| Deferred Drydock Costs Disclosure [Text Block] | Note 7. Deferred Drydock Costs Drydocking activity is summarized as follows:
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- Definition The entire disclosure for the company's deferred drydock costs. No definition available.
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- References No definition available.
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Note 8 - Other Accrued Liabilities |
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| Accounts Payable and Accrued Liabilities Disclosure [Text Block] | Note 8. Other Accrued LiabilitiesOther accrued liabilities consist of:
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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Note 9 - Debt |
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| Long-term Debt [Text Block] | Note 9. DebtLong-term debt consists of the following:
*Includes loan balances on term loan and revolver loan facility under the First Lien Facility and Exit Financing Facility as of December 31, 2016 and 2015, respectively. Refer to “Note 2. Corporate Reorganization” for discussion of recent debt-related transactions.For 2016, interest rates on our outstanding debt ranged from 3.86% to 4.99%, including a margin over LIBOR applicable under the terms of the First Lien Facility. The weighted average effective interest rate for the First Lien Facility including the amortization of debt discount for this period was 6.83%. The interest rate on payment-in-kind interest on our Second Lien Facility was 15% including a margin over LIBOR. The weighted average effective interest rate on our Second Lien Facility including the amortization of debt discount for this period was 17.05%. The payment-in-kind interest is due January 19, 2020. For 2015, interest rates on our outstanding debt ranged from 3.696% to 4.08%, including a margin over LIBOR applicable under the terms of the amended Exit Financing Facility. The weighted average effective interest rate including the amortization of debt discount for this period was 5.06%. For 2014, interest rates on our outstanding debt ranged from 3.63% to 7.40%, including a margin over LIBOR applicable under the terms of the amended credit facility for the Predecessor. The weighted average effective interest rate was 2.93% for the Predecessor. For 2014, interest rates on our outstanding debt ranged from 4.028% to 4.037%, including a margin over LIBOR applicable under the terms of the amended credit facility for the Successor. The weighted average effective interest rate was 4.13% for the Successor.For the years ended December 31, 2016 and 2015, a commitment fee of 40% October 16, 2014 and December 31, 2014 (Successor), a commitment fee of 0.7% was incurred on the undrawn portion of the Exit Financing Facility and for the period between January 1, 2014 and October 15, 2014 (Predecessor), a commitment fee of 0.7% was incurred on the undrawn portion of the facility. Interest Expense consisted of:
Interest paid amounted to $10,257,766 in 2016, $9,911,793 in 2015, $10,886,687 from January 1, 2014 to October 15, 2014 and $1,586,303 from October 16, 2014 to December 31, 2014. The United States Bankruptcy Code generally provides guidance that specifically limits post-petition interest accruals on secured debt and allows accrual only when the collateral securing the claims exceeds the principal amount of the debt and any accrued interest. As these criteria were not met, the Company ceased to accrue interest on the term and PIK Loans as of August 6, 2014, with the exception of the interest on the DIP Loan Facility (described below). As a result, during the bankruptcy proceedings, interest in the amount of $14,844,413 was not accrued for the period from August 6, 2014 through October 15, 2014. The Company did not make the scheduled June 30, 2014 interest payment or any other payment subsequent to this date. The Consenting Lenders (as defined herein) agreed to forbear from exercising any rights or remedies with respect to this otherwise due interest payment until the termination of the forbearance period afforded by the waiver. Interest continued to accrue on the unpaid interest payment during the period of forbearance at the penalty rate specified in the Exit Financing Facility. The commencement of the Chapter 11 cases constituted an event of default that accelerated the Company’s obligations under the Exit Financing Facility, subject to an automatic stay of any action to collect, assert or recover a claim against the Company and the application of the applicable provisions of the Bankruptcy Code.Senior Secured Debtor-in-Possession Term Loan Agreement On August 6, 2014, the Company filed the Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York (the “Court”). Through the Chapter 11 cases, the Company sought to implement a balance sheet restructuring pursuant to the terms of its prepackaged plan of reorganization filed with the Court (the “Plan”). The Company continued to operate its business as a “debtor in possession” under the jurisdiction of the Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Court.Refer to “Note 2. Corporate Reorganization” and “Note 18 . Bankruptcy”. On August 8, 2014, the Court entered an interim order (the “Interim Order”) authorizing the Company’s entry into the DIP Loan Facility. Following the entry of the Interim Order, on August 8, 2014, the Company entered into (the “DIP Loan Facility”) among the Company, the subsidiary guarantors from time to time party thereto (the “Guarantors”), the lenders party thereto (the “DIP Lenders”), Wilmington Trust (London) Limited, as DIP Agent and Security Trustee (the “DIP Security Trustee”) and Goldman Sachs Lending Partners LLC, as Sole Book runner and Sole Lead Arranger.The DIP Loan Facility had a nine -month term, subject to a three month extension at the option of the Company (the “Extension Option”) provided no default or Event of Default had occurred thereunder and upon payment by the Company of an extension fee to the DIP Lenders equal to 0.75% of each DIP Lender’s commitment thereunder, unless prior to the end of such nine month period, the Plan was confirmed pursuant to an order entered by the Court, in which case, the DIP Loan Facility would terminate on the date of such confirmation. The amount committed and made available under the DIP Loan Facility was $50 million, of which $25 million was available following the entry of the Interim Order. On September 19, 2014, the Court entered an order approving the DIP Loan Facility on a final basis. The DIP Loan Facility bore interest at a rate of LIBOR plus an applicable margin of (i) 5.00% or (ii) upon the exercise of the Extension Option, 7.00%. The DIP Loan Facility had a minimum liquidity covenant of $22.5 million and a maximum capital expenditures covenant, each tested as of the end of each fiscal monthly period, and a budget compliance covenant tested on a rolling four -week look-back basis, commencing with the four -week period ending August 29, 2014 and on each four week anniversary of such date.Discharge On the Effective Date, and in accordance with the Plan, the amended credit agreement was terminated and all liens and mortgages related thereto were released as part of the Plan, and the DIP Loan Facility was repaid in full and all liens and mortgages related thereto were released. Exit Financing Facility On October 9, 2014, the Company entered into the Exit Financing Facility with the Exit Lenders. The Exit Financing Facility was in the amount of $275 million, including a $50 million revolving credit facility out of which $40 million was drawn as of December 31, 2015, and had a maturity date of on October 15, 2019. A fee of $5.5 million was paid to the lenders in connection with the Exit Financing Facility. Amounts drawn under the Exit Financing Facility bore interest at a rate of LIBOR plus margin ranging between 3.50% and 4.00% per annum. The revolving credit facility was subject to an annual commitment fee of 40% of the margin.The Company’s obligations under the Exit Financing Facility were secured by a first priority mortgage on each of the vessels in its fleet and such other vessels that it may from time to time include with the approval of the Exit Lenders, a first assignment of its earnings account, its liquidity account and its vessel-owning subsidiaries’ earnings accounts, a first assignment of all charters (having a term which may exceed 18 months), freights, earnings, insurances, requisition compensation and management agreements with respect to the vessels and a first priority pledge of the membership interests of each of its vessel-owning subsidiaries. The Exit Financing Facility contained certain restrictive financial covenants requiring the Company, among other things to repay the Exit Financing Facility in 20 equal consecutive quarterly repayment installments each in an amount of $3,906,250. The Exit Financing Facility also included customary events of default, including those relating to a failure to pay principal or interest, a breach of covenant, representation or warranty, a cross-default to other indebtedness and non-compliance with security documents. Forbearance Agreement On January 15, 2016, the Company entered into a Forbearance and Standstill Agreement (the “Forbearance Agreement”) by and among the Company, certain subsidiaries of the Company party to the Exit Financing Facility as guarantors and each lender under the loan agreement executing the Forbearance Agreement, which constitute the majority lenders (the “Specified Lenders”) where by the Specified Lenders agreed to forbear, during the forbearance period, from exercising certain of their available remedies under the Exit Financing Facility with respect to or arising out of:
The Company, the guarantors, the Specified Lenders and the agent and security trustee under the Exit Financing Facility amended the Forbearance Agreement seven times to extend the period of forbearance, the final amendment dated as of March 22, 2016, until March 29, 2016. In connection with the second amendment to the Forbearance Agreement, on February 9, 2016, the Company made the quarterly payment installment to the Exit Lenders that was due on January 15, 2016 in the amount of $3,906,250, which payment served to cure the related event of default under the Exit Financing Facility. In addition, in connection with the second, fourth amendment and sixth amendment, the Specified Lenders and the agent and security trustee agreed to temporarily waive the Company’s compliance with the minimum liquidity covenant under the Exit Financing Facility, each time reducing the liquidity that was required to be maintained. Under the fourth waiver, dated as of March 18, 2016, the Company was granted a further temporary waiver of minimum liquidity covenant to temporarily eliminate its application.Corporate Reorganization and Refinancing See “Note 2. Corporate Reorganization.”First Lien Facility See “Note 2. Corporate Reorganization.”Second Lien Facility See “Note 2. Corporate Reorganization.” |
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- References No definition available.
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- Definition The entire disclosure for long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 10 - Derivative Instruments and Fair Value Measurements |
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| Derivatives and Fair Value [Text Block] | Note 10. Derivative Instruments and Fair Value MeasurementsHistorically, the Company entered into interest rate swaps to effectively convert a portion of its debt from a floating to a fixed-rate basis. Under these swap contracts, exclusive of applicable margins, the Company pays fixed rate interest and receives floating-rate interest amounts based on three -month LIBOR settings. The swaps are designated and qualify as cash flow hedges. As of December 31, 2016 and December 31, 2015, the Company did not have any open positions and as such, no asset or liability is recorded in the accompanying consolidated balance sheets.Forward freight agreements, bunker swaps and freight derivatives The Company trades in forward freight agreements (“FFAs”), with the objective of utilizing this market as economic hedging instruments that reduce the risk of specific vessels to changes in the freight market. The Company’s FFAs have not qualified for hedge accounting treatment. As such, unrealized and realized gains are recognized as a component of other expense in the Consolidated Statement of Operations for the year ended December 31, 2016. The Company did not have any open positions in FFAs for the Successor as of December 31, 2016 and December 31, 2015. The effect of non-designated derivative instruments on the consolidated statements of operations:
Cash Collateral Disclosures The Company does not offset fair value amounts recognized for derivatives by the right to reclaim cash collateral or the obligation to return cash collateral. As of December 31, 2016 and 2015, the Company does not have any open positions and there was no cash collateral related to derivative instruments under its collateral security arrangements.Fair Value Measurements The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Cash, cash equivalents and restricted cash— the carrying amounts reported in the consolidated balance sheets for interest-bearing deposits approximate their fair value due to their short-term nature thereof.Debt —the carrying amounts of borrowings under the First Lien Facility (prior to application of the discount and debt issuance costs) including the revolving credit agreement approximate their fair value, due to the variable interest rate nature thereof.The Company defines fair value, establishes a framework for measuring fair value and provides disclosures about fair value measurements. The fair value hierarchy for disclosure of fair value measurements is as follows: Level 1 – Quoted prices in active markets for identical assets or liabilities. Our Level 1 non-derivatives include cash, money-market accounts and restricted cash accounts.Level 2 – Quoted prices for similar assets and liabilities in active markets or inputs that are observable. Our Level 2 non-derivatives include our debt balances under the First Lien Facility.Level 3 – Inputs that are unobservable (for example cash flow modeling inputs based on assumptions).As of December 31, 2016, as part of its fleet renewal program, the Company considers it probable that it will divest some of its older vessels as well as certain less efficient vessels from its fleet to achieve operating cost savings. For the sixteen vessels identified, the Company projects that they will probably be sold within the next two years. Based on market prices for such vessels and our projected undiscounted cash flows prior to sale, such vessels were determined to be impaired, and written down to their current fair value, which was determined by obtaining broker quotes from two unaffiliated shipbrokers. As a result, we recorded an impairment charge of $122,860,600 in the fourth quarter of 2016. The carrying value of these vessels prior to impairment was $234,860,600. The Company considers the valuation on such vessels to be a level 3 valuation. In addition to the above, we recorded an additional impairment charge of $6,167,262 in first quarter of 2016 on six vessels which were identified as probable to dispose as of December 31, 2015. Out of the six vessels initially identified in 2015, four vessels were sold during 2016 and two vessels were sold in the first quarter of 2017 and have been reclassified to assets held for sale as of December 31, 2016. |
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- Definition The entire disclosure for derivatives and fair value of assets and liabilities. No definition available.
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- References No definition available.
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Note 11 - Commitments and Contingencies |
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| Commitments and Contingencies Disclosure [Text Block] | Note 11. Commitments and ContingenciesOperating Lease On October 15, 2015, the Company entered into a new commercial lease agreement as a subtenant for office space in Stamford, Connecticut. The lease is effective from January 1, 2016 through June 29, 2023, with an average annual rent of $419,536. The lease is secured by a letter of credit backed by cash collateral of $74,917 which amount is recorded as restricted cash in the accompanying consolidated balance sheets. Rent expense recorded for the years ended December 31, 2016 and 2015 was $840,303 and $2,591,489 respectively. Rent expense for 2015 includes lease termination fees of $1,334,301 on its office space in New York, New York. The rent expense for the period from October 16, 2014 to December 31, 2014 was $272,365. During the period from January 1, 2014 to October 15, 2014, the rent expense for the Predecessor was $1,061,608. In September 2014, the Company entered into a lease office agreement in Singapore which expires in October 2017. The future minimum commitments under the leases for office space as of December 31, 2016 are as follows: (In thousands of US dollars)
Legal Proceedings The Company is involved in legal proceedings and may become involved in other legal matters arising in the ordinary course of its business. The Company evaluates these legal matters on a case-by-case basis to make a determination as to the impact, if any, on its business, liquidity, results of operations, financial condition or cash flows.In November 2015, the Company filed a voluntary self-disclosure report regarding certain apparent violations of U.S. sanctions regulations in the provision of shipping services for third party charterers with respect to the transportation of cargo to or from Myanmar. At the time of such apparent violations, the Company had a different senior operational management team. There can be no assurance that Office of Foreign Assets Control (“OFAC”) will not conclude that these past actions warrant the imposition of civil penalties and/or referral for further investigation by the U.S. Department of Justice. The report was provided to OFAC for the agency’s review, consideration and determination regarding what action, if any, may be taken in resolution of this matter. The Company will continue to cooperate with the agency regarding this matter and cannot estimate when such review will be concluded. While the ultimate impact of these matters cannot be determined, there can be no assurance that the impact will not be material to the Company’s financial condition or results of operations.Other Commitments On July 28, 2011, the Company entered into an agreement to charter-in a 37,000 dwt newbuilding Japanese vessel that was delivered in October 2014 for seven years with an option for an additional one year. The hire rate for the first to seventh year is $13,500 per day and $13,750 per day for the eighth year option.On May 9, 2016, the Company entered into an agreement to charter-in a 63,000 dwt newbuilding Chinese vessel that was delivered on May 20, 2016 for a period of nine to fourteen months. The hire rate for the term is $6,000 per day.On July 12, 2016, the Company entered into an agreement to charter-in a 61,000 dwt Japanese vessel that was delivered in July 2016 for a period of eleven to thirteen months. The hire rate for the term is $6,000 per day.On November 14, 2016, the Company, through the newly formed subsidiary, Eagle Shipco, signed a memorandum of agreement to acquire a 2017 built 64,000 deadweight SDARI-64 Ultramax dry bulk vessel constructed at Chengxi Shipyard Co., Ltd for $17.9 million. The Company paid a $1.9 million advance towards the acquisition of the vessel in 2016. The Company took delivery of the vessel in the first quarter of 2017. |
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- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Note 12 - Reorganization Items, Net |
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| Reorganization Items [Text Block] | Note 12. Reorganization Items, NetReorganization items, net represent amounts incurred and recovered subsequent to the bankruptcy filing as a direct result of the filing of the Prepackaged Case and are comprised of the following:
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Note 13 - Transactions With Former Related Party |
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| Related Party Transactions Disclosure [Text Block] | Note 13. Transactions with related partyOn October 15, 2014, the Company entered into a Management Agreement (the “Management Agreement”) with Delphin Shipping LLC (“Delphin”). As per the Management Agreement, the technical management fee is $700 per vessel per day. The commercial management fee is 1.25% of charter hire; provided, however, that no commercial management fee shall be payable with respect to a charter hire that is earned while a vessel is a member of a pool and with respect to which a fee is paid to the pool manager. The former Chief Executive Officer of the Company was one of the investors in Delphin.On May 22, 2015, the Company received a termination notice to the Amended Management Agreement from Delphin. The notice of termination was given pursuant to the terms of the Amended Management Agreement and became effective as of August 22, 2015. Total management fees for the year ended December 31, 2015 amounted to $2,379,787. The total reimbursable expenses amounted to $227,105. Total management fees for the period October 16, 2014 to December 31, 2014 amounted to $402,661. The total reimbursable expenses for the period October 16, 2014 to December 31, 2014 amounted to $27,115. The advance balance received from Delphin on account for the management of its vessels as of December 31, 2015 was $245,569. For the Predecessor, total management fees for the period from January 1, 2014 to October 15, 2014 was $1,722,973. The total reimbursable expenses for the period from January 1, 2014 to October 15, 2014 amounted to $203,097. |
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 14 - Loss Per Common Share |
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| Earnings Per Share [Text Block] | Note 14. Loss per Common ShareThe computation of basic net loss per share is based on the weighted average number of common shares outstanding for the years ended December 31, 2016 and December 31, 2015 and for the period ended December 31, 2014 for the Successor and for the period ended October 15, 2014 for the Predecessor, respectively. The Predecessor diluted net loss per share for the period ended October 15, 2014 also reflects the weighted average of the underlying Warrant Shares issuable upon exercise of the 615,997 warrants at the exercise price of $0.01 per share. In accordance with the accounting literature, the Company has given effect to the issuance of these warrants in computing basic net loss per share because the underlying shares are issuable for little or no cash consideration. Diluted net loss per share gives effect to stock awards, stock options and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. Diluted net loss per share for the year ended December 31, 2016 does not include 1,413,461 unvested stock awards, 152,266 warrants and 1,942,909 stock options as their effect was anti-dilutive. Diluted net loss per share for the year ended December 31, 2015 does not include 39,231 unvested stock awards, 68,867 stock options and 152,266 warrants as their effect was anti-dilutive. Diluted net loss per share for the Successor Period ended December 31, 2014 does not include 45,045 stock awards, 123,874 stock options and 152,266 warrants, as their effect was anti-dilutive. Diluted net loss per share as of October 15, 2014 does not include 123,667 restricted stock units and 1,727,667 stock options, as their effect was anti-dilutive.
*Adjusted to give effect for the 1 for 20 reverse stock split for the Successor that became effective as of the opening of trading on August 5, 2016. |
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- Definition The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 15 - Stock Incentive Plans |
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| Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 15. Stock Incentive PlansEagle Bulk Shipping - Predecessor 2011 Equity Incentive Plan. November 2011, our shareholders approved the 2011 Equity Incentive Plan (the “2011 Plan”) for the purpose of affording an incentive to eligible persons. The 2011 Equity Incentive Plan provided for the grant of equity based awards, including stock options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalents, unrestricted stock, other equity based or equity related awards, and/or performance compensation awards based on or relating to the Company's common shares to eligible non-employee directors, officers, employees or consultants. A compensation committee or such other committee of the Company’s board of directors administered the 2011 Plan. An aggregate of 5.9 million of the Company's common shares have been authorized for issuance under the 2011 Plan. The shares reserved for issuance under the 2011 Plan were not subject to adjustment in the event of a stock split commenced prior to the Company’s 2011 Annual General Meeting. However, the 2011 Plan was approved by shareholders subject to the Company’s confirmation in the proxy materials relating to the approval of the 2011 Plan that no options granted under the plan would, in the aggregate, exceed 10% of the Company’s issued and outstanding shares on a fully diluted basis on the date the options first become exercisable.On June 26, 2012, upon the Company’s refinancing of its credit facility, the Company granted options, under the 2011 Plan, to certain members of the Company’s senior management to purchase an aggregate of 1,580,000 of the Company's common shares. The options had an exercise price of $3.34 per share, vested in four equal annual installments beginning on the grant date, and expired between five to ten years from the date of grant. The Company has recorded non-cash compensation charges $555,344 for the period between January 1, 2014 and October 15, 2014 (Predecessor).In December 2011, the Company granted 415,750 Restricted Stock Units ("RSUs") to members of its management and certain employees. Each RSU granted to the participant represented the right to receive one share of the Company's common stock as of the date of vesting, with such vesting to occur ratably over three years. The fair value of the non-vested restricted stock at the grant date for the period between January 1, 2014 and October 15, 2014 was $517,039. As part of the Plan, on the Effective Date all outstanding and unvested RSUs and options have been canceled. Eagle Bulk Shipping - Successor 2014 Management Incentive PlanOn October 15, 2014, in accordance with the Plan, the Company adopted the post-emergence Management Incentive Program (the “2014 Plan”), which provides for the distribution of New Eagle MIP Primary Equity in the form of shares of New Eagle Common Stock, and New Eagle MIP Options, to the participating senior management and other employees of the reorganized Company with 2% of the New Eagle Common Stock (on a fully diluted basis) on the Effective Date, and two tiers of options to acquire 5.5% of the New Eagle Common Stock (on a fully diluted basis) with different strike prices based on the equity value for the reorganized Company and a premium to the equity value, each of the foregoing to vest generally over a four year schedule through 25% annual installments commencing on the first anniversary of the Effective Date. The New Eagle MIP Primary Equity is subject to vesting, but the holder thereof is entitled to receive all dividends paid with respect to such shares as if such New Eagle MIP Primary Equity had vested on the grant date (subject to forfeiture by the holder in the event that such grant is terminated prior to vesting unless the administrator of the 2014 Plan determines otherwise). The New Eagle MIP Options contain adjustment provisions to reflect any transaction involving shares of New Eagle Common Stock, including as a result of any dividend, recapitalization, or stock split, to prevent any diminution or enlargement of the holder’s rights under the award.The following schedule shows the stock awards and options granted under the 2014 Plan:
* Adjusted to give effect for the 1 for 20 reverse stock split that became effective as of the opening of trading on August 5, 2016. 1. Amortization of all restricted shares unless otherwise stated were calculated using the graded method vesting and included in the General and administrative expenses.. 2. Amortization of above stock awards were calculated using the cliff method of vesting and included in General and administrative expenses.3. The above stock awards were cancelled and concurrently new grants under the 2016 Plan (as defined herein) were issued. Therefore, the transaction was accounted for as modification as per ASC 718 “Compensation-Stock Compensation.” The incremental compensation cost was calculated as the excess of the fair value of the replacement award over the fair value of the cancelled award at the cancellation date.
* For the purposes of determining the non-cash compensation cost for the Company's stock option plan using the fair value method of ASC 718 "Compensation-Stock Compensation,” the fair value of the New Eagle MIP Options was estimated on the date of grant using the Black-Scholes option pricing model. The volatility was calculated by comparing the Company’s share price movement since emergence from bankruptcy on October 14, 2014 and its peers’ share price movement for the past five years. Amortization of above stock options for the 2014 Plan was calculated using the graded method of vesting and included in General and administrative expenses** Adjusted to give effect for the 1 for 20 reverse stock split that became effective as of the opening of trading on August 5, 2016. *** The above stock options were cancelled and concurrently new grants under the 2016 Plan was issued. Therefore, the transaction was accounted for as a modification as per ASC 718 “Compensation-Stock Compensation”. The incremental compensation cost was calculated as the excess of the fair value of the replacement award over the fair value of the cancelled award at the cancellation date.There are 6,591 options vested but not exercised as of December 31, 2016 and 6,738 options that are not vested but are expected to vest. The fair value of vested options is insignificant.Non-cash expense for the above stock awards and options issued under the 2014 Plan included in general and administrative expenses is as follows:
On November 7, 2016, the Company granted 233,863 shares of restricted common stock and options to purchase 280,000 shares of the Company’s common stock in connection with the appointment to the senior management. The restricted stock and option were not granted under, but are subject to, the terms of the Company’s 2014 Plan. The details of the grant are below:
* Amortization of the above stock awards was calculated using the cliff method of vesting and included in general and administrative expenses.
* For the purposes of determining the non-cash compensation cost for the Company's stock option plan using the fair value method of ASC 718 "Compensation-Stock Compensation,” the fair value of the New Eagle MIP Options was estimated on the date of grant using the Black-Scholes option pricing model. The volatility was calculated by comparing the Company’s share price movement since emergence from bankruptcy on October 14, 2014 and its peers’ share price movement for the past five years. The amortization of the above stock options was calculated using the graded method of vesting and included in general and administrative expenses.The 280,000 options disclosed above are not vested, but are expected to vest. Non-cash compensation expense for the above stock awards and options included in General and administrative expenses:
2016 Equity Compensation PlanOn December 15, 2016, the Company’s shareholders approved the 2016 Equity Compensation Plan (the “2016 Plan”) and the Company registered 5,348,613 shares of common stock which may be issued under the 2016 Plan. The 2016 Plan replaced the 2014 Plan and no other awards will be granted under the 2014 Plan. Outstanding awards under the 2014 Plan will continue to be governed by the terms of the 2014 Plan until exercised, expired, otherwise terminated, or canceled. As of December 31, 2016, 24,644 shares of common stock were subject to outstanding awards under the 2014 Plan. Under the terms of the 2016 Plan, awards for up to a maximum of 3,000,000 shares may be granted under the 2016 Plan to any one employee of the Company and its subsidiaries during any one calendar year, and awards in the form of options and stock appreciation rights for up to a maximum of 3,000,000 shares may be granted under the 2016 Plan. The total number of shares of common stock with respect to which awards may be granted under the 2016 Plan to any non-employee director during any one calendar year shall not exceed 500,000, subject to adjustment as provided in the 2016 Plan. Any Director, officer, employee or consultant of the Company or any of its subsidiaries (including any prospective officer or employee) is eligible to be designated to participate in the 2016 Plan. The following schedule represents outstanding stock awards and options granted under the 2016 Plan.
*The above stock awards were issued concurrently with the cancellation of outstanding stock awards and options under the 2014 Plan. Therefore, the issuance was accounted for as a modification as per ASC 718 “Compensation-Stock Compensation.” The fair value is the incremental compensation cost, which was calculated as the excess of the fair value of the replacement award over the fair value of the cancelled award at the cancellation date. The amortization of the above stock awards was calculated using the cliff method of vesting and included in general and administrative expenses.
*For the purposes of determining the non-cash compensation cost for the Company's stock option plan using the fair value method of ASC 718 "Compensation-Stock Compensation,” the fair value of the New Eagle MIP Options was estimated on the date of grant using the Black-Scholes option pricing model. The volatility was calculated by comparing the Company’s share price movement since emergence from bankruptcy on October 14, 2014 and its peers’ share price movement for the past five years.**The above stock options were issued concurrently with cancellation of outstanding stock awards and options under the 2014 Equity Incentive Plan. Therefore, the transaction was accounted for as a modification as per ASC 718 “Compensation-Stock Compensation.” The fair value is the incremental compensation cost, which was calculated as the excess of the fair value of the replacement award over the fair value of the cancelled award at the cancellation date. The amortization of the above stock options was calculated using the graded method of vesting and included in general and administrative expenses.The above options are not vested as of December 31, 2016 and are expected to vest.Non-cash compensation expense for the above stock awards and options under the 2016 Plan included in General and administrative expenses:
The future compensation to be recognized for all the grants issued for the years ending December 31, 2017, 2018 and 2019 will be $7,340,237, $5,837,145 and $787,924, respectively. |
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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 16 - Employee Benefit Plan |
12 Months Ended |
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Dec. 31, 2016 | |
| Notes to Financial Statements | |
| Compensation and Employee Benefit Plans [Text Block] | Note 16. Employee Benefit PlanIn October 2010, the Company established a safe harbor 401(k) plan, which is available to full-time office employees who meet the plan’s eligibility requirements. The plan allows participants to contribute to the plan a percentage of pre-tax compensation, but not in excess of the maximum allowed under the Internal Revenue Code. The Company is matching contributions amounting to 100% of the first 3% and 50% of the next 2% of each employee’s salary. The matching contribution vests immediately. The total matching contribution paid by the Company and included in general and administrative expenses for the years ended December 31, 2016 and 2015 and for the period between October 16, 2014 and December 31, 2014 for the Successor was $167,778, $212,223 and $43,333, respectively. The matching contribution paid by the Company and included in general and administrative expenses for the period between January 1, 2014 and October 15, 2014 for the Predecessor was $157,078. The Company has a discretionary profit sharing contribution program under which employees may receive profit sharing contributions based on the Company’s annual operating performance. For the years ended December 31, 2016, 2015 and 2014, the Company did not make a profit sharing contribution. |
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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. No definition available.
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Note 17 - 2016 and 2015 Quarterly Results of Operations (Unaudited) |
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| Quarterly Financial Information [Text Block] | Note 17. 2016 and 2015 Quarterly Results of Operations (Unaudited) We have presented the unaudited quarterly results of operations for the fiscal years ended December 31, 2016 and December 31, 2015. Consolidated Statement of Operations (Unaudited) 2016
(Unaudited) 2015
*includes impairment charge of $50,872,734. ** Basic and Diluted loss per share have been restated to reflect the 1 for 20 reverse stock split, effective August 5, 2016. |
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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 18 - Bankruptcy |
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| Reorganization under Chapter 11 of US Bankruptcy Code Disclosure [Text Block] | Note 1 8 . Bankruptcy On August 6, 2014, the Company entered into the Restructuring Support Agreement with the Consenting Lenders, which contemplated a plan of reorganization through a balance sheet restructuring of the Company’s obligations upon the terms specified therein. On the same day, the Company filed the Prepackaged Case under chapter 11 of title 11 of the Bankruptcy Code in the Court. The Prepackaged Case was filed only in respect of the Company, but not any of its subsidiaries. Through the Prepackaged Case, the Company sought to implement a balance sheet restructuring pursuant to the terms of the Plan. The Company continued to operate its business as a “debtor in possession” under the jurisdiction of the Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Court.On September 22, 2014, the Court entered (the “Confirmation Order”) confirming the Plan. On October 15,2014 (the “Effective Date”), the Company completed its balance sheet restructuring and emerged from Chapter 11 through a series of transactions contemplated by the Plan, and the Plan became effective pursuant to its terms.Key components of the Plan included: Entry into a new senior secured credit facility (the “Exit Financing Facility”) as of October 9, 2014, in the amount of $275 million (inclusive of a $50 million revolving credit facility).
The Plan also provided for certain releases of various parties by certain holders of claims against and equity interests in the Company. Exit Financing Facility On October 9, 2014, Eagle Bulk Shipping Inc., as borrower, and certain of its subsidiaries, as guarantors, entered into the Exit Financing Facility with the Exit Lenders. The Exit Financing Facility is in the amount of $275 million, including a $50 million revolving credit facility, and matures on October 15, 2019. Amounts drawn under the Exit Financing Facility bear interest at a rate of LIBOR plus the Margin. The revolving credit facility is subject to an annual commitment fee of 40% of the margin.Registration Rights Agreement On the Effective Date, and in accordance with the Plan, the Company entered into the Registration Rights Agreement (“the Registration Rights Agreement”) with certain parties that received shares of New Eagle Common Stock under the Plan. The Registration Rights Agreement provided such parties with demand and piggyback registration rights. On May 13, 2016, the Company entered into an Amended and Restated Registration Rights Agreement.New Eagle Equity Warrant Agreement On the Effective Date, and in accordance with the Plan, the 152,266 New Eagle Equity Warrants were issued pursuant to the terms of the New Eagle Equity Warrant Agreement. Each New Eagle Equity Warrant has a 7 -year term (commencing on the Effective Date) and are exercisable for one share of New Eagle Common Stock (subject to adjustment as set forth in the New Eagle Equity Warrant Agreement and dilution by the 2014 Plan).The New Eagle Equity Warrants are exercisable at an exercise price of $556.40 per share (subject to adjustment as set forth in the New Eagle Equity Warrant Agreement). The New Eagle Equity Warrant Agreement contains customary anti-dilution adjustments in the event of any stock split, reverse stock split, stock dividend, reclassification, dividend or other distributions (including, but not limited to, cash dividends), or business combination transaction. |
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- References No definition available.
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- Definition The entire disclosure for the description and amounts of reorganization under Chapter 11 of the US Bankruptcy Code. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 19 - Condensed Financial Information for Eagle Bulk Shipping Inc. (Parent Company Only) |
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| Condensed Financial Information of Parent Company Only Disclosure [Text Block] | Note 19. Condensed Financial Information for Eagle Bulk Shipping Inc. (Parent Company Only) Condensed Balance Sheets (Parent Company Only)
* Eliminated in the consolidated financial statements.Condensed Statement s of Operations (Parent Company Only)
*Adjusted to give effect for the 1 for 20 reverse stock split for the Successor that became effective as of the opening of trading on August 5, 2016. ** Eliminated in the consolidated financial statements.Condensed Statement s of Cash Flows (Parent Company Only)
Notes to the Condensed Financial Statements
In the parent-company-only condensed financial statements, Eagle Bulk Shipping Inc. (the “Parent Company”) investment in subsidiaries is accounted for under the equity method of accounting. The Parent Company did not receive cash dividends from its subsidiaries for the years ended December 31, 2016 and 2015 and for the period between October 16, 2014 and December 31, 2014. The parent-company-only condensed financial statements should be read in conjunction with the Company's consolidated financial statements. The condensed financial statements for the Predecessor for the period between January 1, 2014 and October 15, 2014 are not presented in the parent-company-only condensed financial statements because such information is not comparable due to the adoption of fresh-start accounting in accordance with the provisions of ASC 852, Reorganizations (“ASC 852”). Upon adoption of fresh-start accounting, the Parent Company’s assets and liabilities were recorded at their fair value as of October 15, 2014, the fresh-start reporting date. The Parent Company’s adoption of fresh-start accounting materially affected its results of operations following the fresh-start reporting date, as the Parent Company has a new basis in its assets and liabilities. Consequently, the Parent Company’s historical financial statements prior to October 15, 2014 are not considered to be reliable indicators of its results of operations for periods after it adopted fresh-start accounting and not relevant to the assessment of the trends in financial performance. Based upon the above, the omission of the Predecessor information is not considered material to the consolidated financial statements.There are legal or regulatory restrictions on the Parent Company's ability to obtain funds from its subsidiaries through dividends, loans or advances sufficient to satisfy the obligations that may come due.
Preferred Stock Private Placement On May 26, 2016, the Parent Company entered into a Preferred Stock Purchase Agreement (the “Preferred Stock Purchase Agreement”) with certain investors named therein, including certain of our existing shareholders and our Chairman and Chief Executive Officer (the “Purchasers”), pursuant to which the Parent Company agreed to issue to the Purchasers in a private placement (the “Private Placement”) pursuant to the private placement exemption from registration under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D promulgated under the Securities Act, shares of the Parent Company’s 15% Cumulative Nonparticipating Redeemable Series A Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”), at a purchase price of $1,000.00 per share with a 1.0% original issue discount, for aggregate gross proceeds expected to amount to approximately $6.3 million. On September 7, 2016, the Parent Company and each of the Investors executed the Termination Agreement, terminating the Preferred Stock Purchase Agreement. The Parent Company agreed to make an aggregate termination payment to the Purchasers of $125,255, which is allocated among the Purchasers in proportion to the percentage of the shares of Series A Preferred Stock each Purchaser had previously agreed to purchase. The fees paid to the shareholders were recorded as other expense in the condensed statement of operations for the year ended December 31, 2016. Common Stock Offerings On July 1, 2016 and July 10, 2016, respectively, the Parent Company entered into Common Stock Purchase Agreements (collectively, the “Common Stock Purchase Agreements”), with certain purchasers (the “Common Stock Purchasers”). The Common Stock Purchasers include certain of our existing shareholders, who held approximately 70% of our outstanding equity prior to entry into the Common Stock Purchase Agreements and prior to giving effect to the delivery of all of the shares of common stock issued in connection with the Second Lien Loan Agreement, as well as our Chairman and Chief Executive Officer. The Common Stock Purchase Agreements provided for the issuance and sale by the Parent Company to the Common Stock Purchasers of an aggregate amount of $88 million of common stock, at an initial price per share of $0.15, which amount per share was increased to $3.00 per share based on the reverse stock split ratio of 1 -for-20 that became effective as of the opening of trading on August 5, 2016. On August 10, 2016, the Parent Company closed the transactions contemplated by the Common Stock Purchase Agreements for aggregate proceeds of $85 .7 million net of fees and legal expenses. After giving effect to the Parent Company’s previously announced reverse stock split of its issued and outstanding shares of common stock, including the rounding down of fractional shares pursuant to such split, the private placement included the issuance of 29,333,318 shares of the Parent Company’s common stock. The Parent Company intends to use the proceeds of the private placement for the acquisition of dry bulk vessels and general corporate purposes by its susbsidiaries. On December 13, 2016, the Parent Company entered into a Stock Purchase Agreement (the “Purchase Agreement”) with certain investors (the “Investors”), pursuant to which the Parent Company agreed to issue to the Investors in a private placement (the “December Private Placement”) approximately 22.2 million shares of the Parent Company’s common stock, par value $0.01 per share, at an initial purchase price of $4.50 per share, for aggregate gross proceeds of $100.0 million. On January 20, 2017, the Parent Company closed its previously announced December Private Placement for aggregate net proceeds of $95 million. The Parent Company plans to use the proceeds from the December Private Placement for the acquisition of dry bulk tonnage and general corporate purposes by its subsidiaries. Corporate Reorganization and Refinancing On March 30, 2016, we entered into the Contribution Agreement with Eagle Shipping, pursuant to which the Parent Company and Eagle Shipping consummated the Contribution. Immediately following the Contribution, Eagle Shipping became the direct parent company of each of the Parent Company’s previously directly-owned subsidiaries and the indirect parent company of each of the Parent Company’s previously indirectly-owned subsidiaries. The Contribution was part of a series of transactions contemplated by the agreements also entered into on March 30, 2016 and described below, which transactions were consummated on March 30, 2016, after the fulfillment of certain conditions precedent. See “Note 2. Corporate Reorganization” to the consolidated financial statements.Non Cash Investing and Financing Activities For the year ended December 31, 2016, a subsidiary of the Parent Company assumed approximately $237 million of debt obligations of the Parent Company, which reduced the Parent Company’s investment in subsidiaries. The Parent Company also issued equity instruments to the employees of the subsidiary companies and to the subsidiary companies’ Second Lien Lenders, increasing its investment in subsidiaries by approximately $20 million. For the year ended December 31, 2015, there was approximately $4 million of equity issued by the Parent Company granted to employees of the wholly-owned subsidiaries of the Parent Company, which increased the Parent Company’s investment in subsidiaries. For the period from October 16, 2014 to December 31, 2014, there were approximately $2 million of equity compensation issued by the Parent Company which was granted to employees of the wholly-owned subsidiaries of the Parent Company, which increased the Parent Company’s investment in subsidiaries. |
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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Note 20 - Subsequent Events |
12 Months Ended |
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Dec. 31, 2016 | |
| Notes to Financial Statements | |
| Subsequent Events [Text Block] | Note 20. Subsequent Events On February 28, 2017, Eagle Bulk Ultraco LLC, a wholly-owned subsidiary of the Company, entered into a framework agreement (the “Agreement”) with Greenship Bulk Manager Pte. Ltd., as Trustee-Manager of Greenship Bulk Trust, a Norwegian OTC-listed entity (the “Sellers”), for the purchase of nine modern sister vessels built between 2012 and 2015 (each a “Vessel,” and collectively, the “Vessels”). Of the nine Vessels, three Vessels are subject to certain customary conditions as well as the approval of the requisite majority of the unitholders of the Sellers (the “Contingent Vessels”). The approval to acquire the Contingent Vessels was obtained subsequently on March 27, 2017. The aggregate purchase price for the nine Vessels is $153.0 million. The allocated purchase price for each Vessel is $17.0 million (“Allocated Purchase Price”). After the satisfaction of the conditions set forth in the Agreement, the sale of each Vessel will be made pursuant to a separate memorandum of agreement as set forth in the Agreement. The Vessels are expected to be delivered charter free between April and September 2017. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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Significant Accounting Policies (Policies) |
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Dec. 31, 2016 | ||||||
| Accounting Policies [Abstract] | ||||||
| Consolidation, Policy [Policy Text Block] | Principles of Consolidation and Fresh Start Accounting: December 31, 2015, and for the period between October 16, 2014 and December 31, 2014 (Successor), we have reclassified the technical management costs of $6.1 million and $1.2 million respectively from vessel expenses to general and administrative expenses. For the period between January 1, 2014 and October 15, 2014 (Predecessor), $4.7 million of technical management costs included in Vessel expenses were reclassified to General and administrative expenses. This reclassification was done to align the Company’s presentation to that of many of its peers.Upon the Company’s emergence from the Chapter 11 cases on October 15, 2014, the Company adopted fresh-start accounting in accordance with provisions of ASC 852, Reorganizations (“ASC 852”). Upon adoption of fresh-start accounting, the Company’s assets and liabilities were recorded at their fair value as of October 15, 2014, the fresh-start reporting date. The fair values of the Company’s assets and liabilities as of that date differed materially from the recorded values of its assets and liabilities as reflected in its historical consolidated financial statements. In addition, the Company’s adoption of fresh-start accounting materially affected its results of operations following the fresh-start reporting date, as the Company has a new basis in its assets and liabilities. Consequently, the Company’s historical financial statements prior to October 15, 2014 may not be reliable indicators of its financial condition and results of operations for any period after it adopted fresh-start accounting. As a result of the adoption of fresh-start reporting, the Company’s balance sheets and consolidated statements of operations subsequent to October 15, 2014 are not comparable in many respects to our consolidated balance sheets and consolidated statements of operations prior to October 15, 2014. |
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| Use of Estimates, Policy [Policy Text Block] | Use of Estimates: |
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| Comprehensive Income, Policy [Policy Text Block] | Other Comprehensive loss: December 31, 2016 and 2015. |
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| Cash and Cash Equivalents, Policy [Policy Text Block] | Cash, Cash Equivalents and Restricted Cash: three months or less at the time of purchase to be cash equivalents. Restricted Cash amounting to $74,917 and $141,161 is collateralizing a letter of credit as of December 31, 2016 and December 31, 2015, respectively. |
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| Trade and Other Accounts Receivable, Policy [Policy Text Block] | Accounts Receivable: |
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| Unpaid Policy Claims and Claims Adjustment Expense, Policy [Policy Text Block] | Insurance Claims: |
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| Inventory, Policy [Policy Text Block] | Inventories: first -in, first -out method. Lubes and spares are expensed as incurred. We will adopt Accounting Standard Update No. 2015 -11, “Simplifying the Measurement of Inventory” prospectively effective January 1, 2017 that requires the inventory to be measured at the lower of cost and net realizable value. We believe that there will be no impact on the consolidated financial statements as a result of the adoption of the new accounting standard. |
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| Investment, Policy [Policy Text Block] | Investments: Prior to December 2015, the Company held an investment in the capital stock of Korea Line Corporation (“KLC”). This investment was designated as Available For Sale (“AFS”) and reported at fair value, with unrealized gains and losses recorded in stockholders’ equity as a component of accumulated other comprehensive loss. Investment gains and losses arise when investments are sold (as determined on a specific identification basis) or are other-than-temporarily impaired. If a decline in the value of an investment below cost is deemed other than temporary, the cost of the investment is written down to fair value, with a corresponding charge to earnings. Factors considered in judging whether an impairment is other than temporary include: the financial condition, business prospects and creditworthiness of the issuer, the relative amount of the decline, our ability and intent to hold the investment until the fair value recovers and the length of time that fair value has been less than cost. There is no investment balance as of December 31, 2016 and 2015. |
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| Vessels and Vessel Improvements [Policy Text Block] | Vessels and vessel improvements, at cost: October 15, 2014, the Company’s vessels were adjusted to a fair value aggregating $842,625,000 as part of fresh start accounting. |
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| Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Vessel lives and Impairment of Long-Lived Assets: 25 years from the date of initial delivery from the shipyard to the original owner. In addition, the Company estimates the scrap value of the vessels to be $300 per lwt based on the 15 -year average scrap value of steel. Prior to October 15, 2014, the Company used a 28 year useful life for its vessels and a $150 per lwt estimate for scrap value.The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. When the estimate of undiscounted cash flows, excluding interest charges, expected to be generated by the use of the asset is less than its carrying amount, the Company will evaluate the asset for an impairment loss. Measurement of the impairment loss is based on the fair value of the asset as provided by third parties or discounted cash flow analyses. In this respect, management regularly reviews the carrying amount of the vessels in connection with the estimated recoverable amount for each of the Company's vessels. The Company has begun a fleet renewal strategy, which has been made possible as a result of raising capital through private placements of our common stock in the latter part of 2016. As of December 31, 2016, as part of our fleet renewal program, management considers it probable that we will divest some of our older vessels as well as certain less efficient vessels from its fleet to achieve operating cost savings. The Company identified two groups of vessels. Group 1 vessels were selected based on the shipyard they were built and their technical specifications. The group consists of five sister ships constructed in Dayang shipyard with 53,000 dwt. These vessels were identified by management as having poorer fuel efficiency, among other reasons, compared to their peers. The second group of 11 vessels are older than 13 years and less than 53,000 dwt. As vessels get older, they become more expensive to maintain and drydock. Additionally, management’s strategy entails trading larger Ultramax vessels as the Company renews its fleet. For those sixteen vessels, management believes that it is probable that such vessels will be sold within the next two years. Based on management’s projected undiscounted cash flows prior to sale, factoring the probability of sale, such vessels were determined to be impaired, and written down to their current fair value as of December 31, 2016, which was determined by obtaining broker quotes from two unaffiliated shipbrokers. As a result, the Company recorded an impairment charge of $122,860,600 in the fourth quarter of 2016. The carrying value of these vessels prior to impairment was $234,860,600. In addition to the above, in 2015, the Company identified six vessels which it was probable that the Company was going to sell, and recognized an impairment charge in 2015 of $50,872,734. The carrying value of these vessels prior to impairment in 2015 was $76,332,734. As the value of such vessels further declined in the first quarter of 2016, the Company recorded an additional impairment charge of $6,167,262 in that quarter. Out of the six vessels initially identified in 2015, four vessels were sold and two vessels have been reclassified to assets held for sale as of December 31, 2016 and subsequently sold. |
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| Accounting For Dry Docking Costs [Policy Text Block] | Accounting for Drydocking Costs: 30 months if the vessels are 15 years old or more and 60 months for the vessels younger than 15 years. Costs deferred as part of the drydocking include direct costs that are incurred as part of the drydocking to meet regulatory requirements. Certain costs are capitalized during drydocking if they are expenditures that add economic life to the vessel, increase the vessel’s earnings capacity or improve the vessel’s efficiency. Direct costs that are deferred include the shipyard costs, parts, inspection fees, steel, blasting and painting. Expenditures for normal maintenance and repairs, whether incurred as part of the drydocking or not, are expensed as incurred. Unamortized drydocking costs of vessels that are sold are written off and included in the calculation of the resulting gain or loss in the year of the vessels’ sale. Unamortized drydocking costs are written off as drydocking expense if the vessels are drydocked before the expiration of the applicable amortization period. |
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| Deferred Charges, Policy [Policy Text Block] | Deferred Financing Costs: ones are deferred and amortized to interest expense over the life of the related debt using the effective interest method. Unamortized deferred financing costs are written off when the related debt is repaid or refinanced and such amounts are expensed in the period the repayment or refinancing is made. Such amounts are classified as a reduction of the long-term debt balance on the consolidated balance sheets. Accordingly, $435,816 previously classified in other assets was retrospectively classified as a reduction of the long-term debt balance as of December 31, 2015 as a result of the adoption of ASU 2015 -03 in 2016. |
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| Property, Plant and Equipment, Policy [Policy Text Block] | Other fixed assets: 3 -10 years. |
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| Accounting For Revenues And Expense [Policy Text Block] |
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| Unearned Charter Hire Revenue [Policy Text Block] | Unearned Charter Hire Revenue: |
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| Maintenance Cost, Policy [Policy Text Block] | Repairs and Maintenance: |
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| Protection and Indemnity Insurance [Policy Text Block] | Protection and Indemnity Insurance: |
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| Earnings Per Share, Policy [Policy Text Block] | Earnings Per Share: Basic earnings per share is computed by dividing the net income or loss by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the impact of stock options, warrants and restricted stock unless their impact is antidilutive. |
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| Derivatives, Policy [Policy Text Block] | Interest Rate Risk Management: may use interest rate swaps to manage net exposure to interest rate changes related to its borrowings. |
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| Income Tax, Policy [Policy Text Block] | Federal Taxes: 883 exemption and therefore will be subject to United States federal taxes on United States source shipping income. Such taxes, amounting to $0.6 million and $0.3 million, are included as a component of voyage expenses in the consolidated statements of operations for the years ended December 31, 2016 and 2015, respectively. Prior to October 16, 2014, we qualified for Internal Revenue Code Section 883 exemption and were not subject to federal taxes. |
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| Refinancing Costs [Policy Text Block] | Restructuring charges Restructuring charges consist of professional fees for advisors and attorneys who assisted the Company in the debt restructuring relative to the First Lien Facility in 2016. |
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| New Accounting Pronouncements, Policy [Policy Text Block] | Impact of Recently Issued Accounting Standards In May 2014, the FASB issued Accounting Standards Update, (“ASU”) No. 2014 -09, Revenue from Contracts with Customers (“ASU 2014 -09”), which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle is that a company should recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014 -09 defines a five -step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. The standard is effective for annual periods beginning after December 15, 2017, and interim periods therein, and shall be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. In May 2016, the FASB issued Accounting Standards Update No. 2016 -12, Revenue from Contracts with Customers. This update provides further guidance on applying collectability criterion to assess whether the contract is valid and represents a substantive transaction on the basis whether a customer has the ability and intention to pay the promised consideration. The requirements of this standard include an increase in required disclosures. Management has not yet selected a transition method and is currently analyzing the impact of the adoption of this guidance on the Company’s consolidated financial statements, including assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting. The Company believes that the adoption of the standard will impact the timing of recognition of revenue. In August 2014, the FASB issued ASU No. 2014 -15, “Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern.” This ASU establishes specific guidance to an organization's management on their responsibility to evaluate whether there is substantial doubt about the organization's ability to continue as a going concern. The provisions of this ASU are effective for interim and annual periods ending after December 15, 2016. There was no impact on the financial statements due to the adoption of this accounting standard.In July 2015, the FASB issued ASU No. 2015 -11, “Simplifying the Measurement of Inventory.” The new guidance specifies that the inventory be measured at the lower of cost and net realizable value. The amendment would apply prospectively and would be effective for annual reporting periods beginning after December 15, 2016 and interim reporting periods within annual reporting periods after December 15, 2017. The Company intends to adopt the new accounting standard as of January 1, 2017. The Company believes that there will be no impact on the consolidated financial statements because of the adoption of the new accounting standard.In February 2016, the FASB issued Accounting Standards Update No. 2016 -02, Leases. ASU 2016 -02 is intended to increase the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. In order to meet that objective, the new standard requires recognition of the assets and liabilities that arise from leases. A lessee will be required to recognize on the balance sheet the assets and liabilities for leases with lease terms of more than 12 months. Accounting by lessors will remain largely unchanged from current U.S. generally accepted accounting principles. The requirements of this standard include an increase in required disclosures. The new standard is effective for public companies for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method. The Company is currently evaluating the effect that adopting this standard will have on our financial statements and related disclosures. Management expects that the Company will recognize increases in reported amounts for vessel and other fixed assets and related lease liabilities upon adoption of the new standard. Refer to Note 11 - Commitments and Contingencies for disclosure about the Company’s time charter and lease commitments as of December 31, 2016. In March 2016, the FASB issued Accounting Standards Update No. 2016 -09, “Stock Compensation”. The new guidance is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The Accounting Standard Update allows the entity to make an accounting policy election to account for forfeitures when they occur. The standard is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company believes there will be no impact on the consolidated financial statements as a result of the adoption of the new accounting standard.In August 2016, the FASB issued Accounting Standards Update No. 2016 -15, “Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments.” The new guidance is intended to provide specific guidance on cash flow classification issues such as debt prepayment or debt extinguishment costs, settlement of zero coupon debt instruments or cases where the coupon interest rate is insignificant compared to the effective interest rate of the borrowing, contingent consideration payments in a business combination, proceeds from insurance claim settlements and distributions received by equity method investees. The standard is effective for annual periods beginning after December 15, 2017 and interim periods within those annual periods. The amendments should be applied using a retrospective transition method to each period presented. The Company believes there will be no impact on the consolidated financial statements as a result of the adoption of the new accounting standard.In October 2016, the FASB issued Accounting Standards Update No. 2016 -17, “Interests held through related parties that are under Common Control. The amendments change the evaluation of whether a reporting entity is the primary beneficiary of a Variable Interest Entity by changing how a reporting entity that is a single decision maker of a VIE treats indirect interests in the entity held through related parties that are under common control. The amendments in this Update are effective for fiscal years beginning after December 15, 2016 and interim periods within those annual periods. The Company is not expecting any impact of the adoption of this standard on its consolidated financial statements.In November 2016, the FASB issued Accounting Standards Update No. 2016 -18, “Statement of Cash Flows- Restricted Cash”. The amendments in this Update require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts described as restricted cash and restricted cash equivalents. Therefore, the restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this Update are effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. The Company will include $74,917 of restricted cash within cash and cash equivalents when reconciling the beginning-of-period and end-of-period totals shown on the consolidated statement of cash flows upon adoption of this standard.In January 2017, the FASB issued Accounting Standards Update No. 2017 -01, “Business Combinations (Topic 805).” The amendments in this Update are intended to clarify the definition of business. The current guidance specifies three elements of a business – inputs, processes, and outputs. The new guidance provides a screen to determine when a set is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets, the set is not a business. This screen reduces the number of transactions that need to be further evaluated. The standard is effective to annual periods beginning after December 15, 2017, including interim periods within those periods. The Company is evaluating the potential impact of the adoption of this standard on its consolidated financial statements. |
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- Definition Disclosure of accounting policy for accounting for drydocking costs. No definition available.
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- Definition Disclosure of accounting policy for revenues and expenses. No definition available.
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- Definition Disclosure of accounting policy for protection and indemnity insurance against a loss or other financial burden. No definition available.
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- Definition Disclosure of accounting policy for refinancing costs incurred by the company for the restructuring of debt. No definition available.
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- Definition Disclosure of accounting policy for Unearned Charter Hire Revenue. No definition available.
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- Definition Disclosure of accounting policy for vessels and vessel improvements. No definition available.
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- References No definition available.
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- Definition Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for comprehensive income. No definition available.
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- Definition Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for deferral and amortization of significant deferred charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for its derivative instruments and hedging activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of the accounting policy for maintenance costs. Does not include planned major maintenance activities. No definition available.
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- Definition Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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- Definition Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for trade and other accounts receivables. This disclosure may include the basis at which such receivables are carried in the entity's statements of financial position (for example, net realizable value), how the entity determines the level of its allowance for doubtful accounts, when impairments, charge-offs or recoveries are recognized, and the entity's income recognition policies for such receivables, including its treatment of related fees and costs, its treatment of premiums, discounts or unearned income, when accrual of interest is discontinued, how the entity records payments received on nonaccrual receivables and its policy for resuming accrual of interest on such receivables. If the enterprise holds a large number of similar loans, disclosure may include the accounting policy for the anticipation of prepayments and significant assumptions underlying prepayment estimates for amortization of premiums, discounts, and nonrefundable fees and costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for estimating the ultimate cost of settling insurance claims relating to insured events that have occurred on or before a particular date (ordinarily, the statement of financial position date). The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claims adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| Schedule Of Consolidated Revenue From Major Charters [Table Text Block] |
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- References No definition available.
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| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment [Table Text Block] |
|
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| X | ||||||||||
- Definition A table of investments, shown as a text block. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Note 7 - Deferred Drydock Costs (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule Of Dry Docking Activity [Table Text Block] |
|
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| X | ||||||||||
- Definition Tabular disclosure of information pertaining dry-docking activity. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Note 8 - Other Accrued Liabilities (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Accrued Liabilities [Table Text Block] |
|
|||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- Definition Tabular disclosure of the components of accrued liabilities. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Note 9 - Debt (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Debt [Table Text Block] |
|
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| Schedule Of Interest Expense Excluding Capitalized Interest [Table Text Block] |
|
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| X | ||||||||||
- Definition Tabular disclosure of interest expenses excluding capitalized interest. No definition available.
|
| 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. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Note 10 - Derivative Instruments and Fair Value Measurements (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] |
|
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| X | ||||||||||
- Definition Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Note 11 - Commitments and Contingencies (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | |||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||
| Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] |
|
| X | ||||||||||
- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Note 12 - Reorganization Items, Net (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reorganization Amounts Incurred and Recoverable [Table Text Block] |
|
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| X | ||||||||||
- Definition Tabular disclosure of amounts incurred and are recoverable subsequent to the bankruptcy filing as a direct result of the filing of the prepackaged case. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Note 14 - Loss Per Common Share (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
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| X | ||||||||||
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
|
Note 15 - Stock Incentive Plans (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] |
|
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
|
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| Schedule Of Noncash Compensation Expenses [Table Text Block] |
|
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| X | ||||||||||
- Definition Tabular disclosure of non-cash compensation expenses recorded by the Company and included in General and Administrative Expenses. No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Note 17 - 2016 and 2015 Quarterly Results of Operations (Unaudited) (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Quarterly Financial Information [Table Text Block] |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Note 19 - Condensed Financial Information for Eagle Bulk Shipping Inc. (Parent Company Only) (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed Balance Sheet [Table Text Block] |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed Income Statement [Table Text Block] |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed Cash Flow Statement [Table Text Block] |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Note 1 - General Information (Details Textual) |
12 Months Ended | |||
|---|---|---|---|---|
Mar. 30, 2016 |
Oct. 02, 2015
t
|
Oct. 09, 2014 |
Dec. 31, 2016
t
|
|
| Vessels In Operation | 41 | |||
| Dead Weight Tonnage of Operating Fleet | 2,260,943 | |||
| Average Age in Years of Operating Fleet | 8 years 255 days | |||
| Charters Agreement Term | 1 year 180 days | 7 years | 1 year 180 days | |
| Newbulding Vessel [Member] | ||||
| Dead Weight Tonnage of Operating Fleet | 38,000 | |||
| Supramax Vessels [Member] | ||||
| Vessels In Operation | 39 | |||
| Ultramax Vessels [Member] | ||||
| Vessels In Operation | 1 | |||
| Handymax Vessels [Member] | ||||
| Vessels In Operation | 1 |
| X | ||||||||||
- Definition Net average vessles' age in years, of the company's operating fleet. No definition available.
|
| X | ||||||||||
- Definition Represents information about the charters agreement period. No definition available.
|
| X | ||||||||||
- Definition Net dead weight tonnage of vessels involved in the company's operating fleet. No definition available.
|
| X | ||||||||||
- Definition Total number of vessels contains in the company's operating fleet. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 1 - General Information - Consolidated Revenue from Major Charters (Details) - Customer Concentration Risk [Member] - Sales Revenue, Net [Member] |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|---|
Dec. 31, 2014 |
Oct. 15, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||
| Charterer A [Member] | Successor [Member] | |||||||
| Percentage of consolidated charter revenue | |||||||
| Charterer A [Member] | Predecessor [Member] | |||||||
| Percentage of consolidated charter revenue | 10.50% | ||||||
| Charterer B [Member] | Successor [Member] | |||||||
| Percentage of consolidated charter revenue | [1] | 27.70% | 17.20% | ||||
| Charterer B [Member] | Predecessor [Member] | |||||||
| Percentage of consolidated charter revenue | [1] | 17.70% | |||||
| |||||||
| X | ||||||||||
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 2 - Corporate Reorganization (Details Textual) |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 15, 2019
USD ($)
|
Aug. 02, 2016
USD ($)
shares
|
Mar. 30, 2016
USD ($)
$ / item
shares
|
Feb. 09, 2016
USD ($)
|
Oct. 02, 2015 |
Oct. 09, 2014 |
Mar. 31, 2016
USD ($)
|
Dec. 31, 2017 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2016
USD ($)
|
|
| Charters Agreement Term | 1 year 180 days | 7 years | 1 year 180 days | ||||||||
| First Lien Facility [Member] | First Lien Lenders [Member] | |||||||||||
| Long-term Debt | $ 201,468,750 | ||||||||||
| Amount Undrawn Prior to Refinancing | 10,000,000 | ||||||||||
| Payments of Debt Issuance Costs | 600,000 | $ 5,651,000 | |||||||||
| Debt Instrument, Covenant, Minimum Liquidity, Minimum Threshold | $ 8,140,000 | ||||||||||
| Debt Instrument, Covenant, Minimum Liquidity, Minimum Threshold Per Vessel | $ / item | 185,000 | ||||||||||
| Repayments of Long-term Debt | $ 11,718,750 | ||||||||||
| First Lien Facility [Member] | First Lien Lenders [Member] | Scenario, Forecast [Member] | |||||||||||
| Debt Instrument, Covenant Percentage of Aggregate Principal, Minimum Threshold | 100.00% | 120.00% | 110.00% | ||||||||
| Debt Instrument, Periodic Payment | $ 3,786,346 | ||||||||||
| First Lien Facility [Member] | First Lien Lenders [Member] | Through December 31, 2018 [Member] | |||||||||||
| Debt Instrument, Covenant, Periodic Payment Amount, Percentage of Excess Cash Flow from Preceding Period | 75.00% | ||||||||||
| Debt Instrument, Maximum Annual Periodic Payment | $ 15,625,000 | ||||||||||
| First Lien Facility [Member] | First Lien Lenders [Member] | After December 31, 2018 [Member] | |||||||||||
| Debt Instrument, Periodic Payment | 3,906,250 | ||||||||||
| First Lien Facility [Member] | First Lien Lenders [Member] | Revolving Credit Facility [Member] | |||||||||||
| Line of Credit Facility, Maximum Borrowing Capacity | 50,000,000 | ||||||||||
| Line of Credit Facility, Remaining Borrowing Capacity | $ 25,000,000 | ||||||||||
| Repayments of Lines of Credit | 30,158,500 | ||||||||||
| Forbearance Agreement [Member] | |||||||||||
| Repayments of Lines of Credit | $ 3,906,250 | $ 3,906,250 | |||||||||
| Second Lien Facility [Member] | Second Lien Lenders [Member] | |||||||||||
| Long-term Debt | 60,000,000 | ||||||||||
| Debt Instrument, Covenant, Minimum Liquidity, Minimum Threshold | $ 6,512,000 | ||||||||||
| Debt Instrument, Covenant, Minimum Liquidity, Minimum Threshold Per Vessel | $ / item | 148,000 | ||||||||||
| Debt Instrument, Issuance of Stock to Lenders Pro Rata Based on Participation | shares | 16,889,828 | ||||||||||
| Debt Instrument, Issuance of Stock to Lenders Pro Rata Based on Participation, Percentage of Outstanding Stock | 90.00% | ||||||||||
| Debt Instrument, Issuance of Stock to Lenders Based on Participation | shares | 371,276 | ||||||||||
| Debt Instrument, Issuance of Stock to Lenders Based on Participation, Percent of Previous Outstanding Common Stock | 19.40% | ||||||||||
| Debt Instrument Issuance of Stock to Lenders Pro Rata Based on Participation, Additional | shares | 16,420,098 | ||||||||||
| Debt Instrument, Unamortized Discount | $ 17,800,000 | ||||||||||
| Second Lien Facility [Member] | Second Lien Lenders [Member] | Chairman and Chief Financial Officer [Member] | |||||||||||
| Debt Instrument, Issuance of Stock to Lenders Pro Rata Based on Participation | shares | 98,454 | ||||||||||
| Second Lien Facility [Member] | Second Lien Lenders [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||||||||
| Debt Instrument, Basis Spread on Variable Rate | 14.00% | ||||||||||
| Debt Instrument, Reference Rate Floor | 1.00% | ||||||||||
| Second Lien Facility [Member] | Second Lien Lenders [Member] | Base Rate [Member] | |||||||||||
| Debt Instrument, Basis Spread on Variable Rate | 13.00% | ||||||||||
| Second Lien Facility [Member] | Second Lien Lenders [Member] | Scenario, Forecast [Member] | |||||||||||
| Debt Instrument, Covenant Percentage of Aggregate Principal, Minimum Threshold | 100.00% | 120.00% | 110.00% | ||||||||
| X | ||||||||||
- Definition The total amount was undrawn prior to the refinancing. No definition available.
|
| X | ||||||||||
- Definition Represents information about the charters agreement period. No definition available.
|
| X | ||||||||||
- Definition The minimum threshold for the minimum liquidity required by the covenant. No definition available.
|
| X | ||||||||||
- Definition Minimum liquidity required by covenant if the aggregate of the per vessel amount is greater than the minimum threshold amount. No definition available.
|
| X | ||||||||||
- Definition The minimum threshold that the aggregate market value of the vessels in the companies fleet to the aggregate principal amount of debt outstanding that must be maintained to stay in compliance with the covenant. No definition available.
|
| X | ||||||||||
- Definition As a requirement of a debt agreement, the amount of the periodic payment due expressed as a percentage of the reporting entity's excess cash flows from the previous period. No definition available.
|
| X | ||||||||||
- Definition Represents the number of stock issued to lenders, expressed as a percentage of previously outstanding common stock, for their participation in a debt agreement. No definition available.
|
| X | ||||||||||
- Definition Stock issued to lenders, expressed as a percentage of previously outstanding common stock, for their participation in a debt agreement. No definition available.
|
| X | ||||||||||
- Definition Represents the number of stock issued to lenders pro rata based on their participation in a facility. No definition available.
|
| X | ||||||||||
- Definition Represents the additional number of stock issued to lenders pro rata based on their participation in a facility. No definition available.
|
| X | ||||||||||
- Definition Represents the percentage of outstanding stock issued to lenders pro rata based on their participation in a facility. No definition available.
|
| X | ||||||||||
- Definition Amount of the maximum annual required periodic payments including both interest and principal payments. No definition available.
|
| X | ||||||||||
- Definition The minimum level that will be used for the specified reference rate to compute the variable rate on the debt instrument. No definition available.
|
| X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
| X | ||||||||||
- Definition Amount of the required periodic payments including both interest and principal payments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount, after accumulated amortization, of debt discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 3 - Equity Offerings (Details Textual) |
Jan. 20, 2017
USD ($)
$ / shares
shares
|
Sep. 07, 2016
USD ($)
|
Aug. 10, 2016
USD ($)
shares
|
Aug. 05, 2016
$ / shares
|
Jul. 10, 2016
USD ($)
$ / shares
|
Jul. 10, 2016
USD ($)
$ / shares
|
May 26, 2016
USD ($)
$ / shares
shares
|
Aug. 02, 2016
$ / shares
shares
|
Aug. 01, 2016
shares
|
|---|---|---|---|---|---|---|---|---|---|
| Preferred Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | ||||||||
| Common Stock, Shares Authorized | shares | 700,000,000 | 150,000,000 | |||||||
| Preferred Stock, Shares Authorized | shares | 25,000,000 | ||||||||
| Reverse Stock Split [Member] | |||||||||
| Stockholders' Equity Note, Stock Split, Conversion Ratio | 20 | ||||||||
| Common Stock Purchase Agreements [Member] | |||||||||
| Common Stock Offering, Ownership Percentage Before Transaction | 70.00% | 70.00% | |||||||
| Proceeds from Issuance of Common Stock, Gross | $ 88,000,000 | $ 88,000,000 | |||||||
| Shares Issued, Price Per Share | $ / shares | $ 3 | $ 0.15 | $ 0.15 | ||||||
| Proceeds from Issuance of Common Stock | $ 85,700,000 | ||||||||
| Stock Issued During Period, Shares, New Issues | shares | 29,333,318 | ||||||||
| December Private Placement [Member] | Subsequent Event [Member] | |||||||||
| Proceeds from Issuance of Common Stock, Gross | $ 100,000,000 | ||||||||
| Shares Issued, Price Per Share | $ / shares | $ 4.50 | ||||||||
| Proceeds from Issuance of Common Stock | $ 95,000,000 | ||||||||
| Stock Issued During Period, Shares, New Issues | shares | 22,200,000 | ||||||||
| Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | ||||||||
| Other Expense [Member] | |||||||||
| Termination Payment, Amount | $ 125,255 | ||||||||
| Series A Preferred Stock [Member] | |||||||||
| Preferred Stock, Dividend Rate, Percentage | 15.00% | ||||||||
| Preferred Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | ||||||||
| Preferred Stock, Purchase Price Per Share | shares | 1,000 | ||||||||
| Preferred Stock, Original Issue Discount, Percentage | 1.00% | ||||||||
| Estimated Aggregate Gross Proceeds from Issuance of Preferred Stock | $ 6,300,000 |
| X | ||||||||||
- Definition The percentage of the company's common stock held by the purchasers before the common stock offering. No definition available.
|
| X | ||||||||||
- Definition The estimated amount of gross proceeds from the issuance of preferred stock. No definition available.
|
| X | ||||||||||
- Definition The percentage of original issue discount on the issue price of preferred stock. No definition available.
|
| X | ||||||||||
- Definition Purchase price per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. No definition available.
|
| X | ||||||||||
- Definition The gross proceeds from the issuance of common stock before relative issuance expenses. No definition available.
|
| X | ||||||||||
- Definition Amount of termination payments during the period. No definition available.
|
| X | ||||||||||
- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The percentage rate used to calculate dividend payments on preferred stock. No definition available.
|
| X | ||||||||||
- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Per share or per unit amount of equity securities issued. No definition available.
|
| X | ||||||||||
- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Ratio applied to the conversion of stock split, for example but not limited to, one share converted to two or two shares converted to one. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 4 - Significant Accounting Policies (Details Textual) |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2016
USD ($)
|
Mar. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Oct. 15, 2014
USD ($)
t
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
t
|
Dec. 31, 2015
USD ($)
|
Sep. 30, 2016
USD ($)
|
Dec. 31, 2014
USD ($)
|
|
| Restricted Cash and Cash Equivalents | $ 74,917 | $ 141,161 | $ 74,917 | $ 141,161 | |||||
| Impairment of Long-Lived Assets Held-for-use | 122,860,600 | $ 6,167,262 | 50,872,734 | ||||||
| Vessels and Vessel Improvements, Net | $ 234,860,600 | $ 234,860,600 | $ 234,860,600 | $ 76,332,734 | |||||
| Number of Vessels Sold | 4 | 4 | 4 | ||||||
| Number of Vessels, Held-for-sale | 2 | 2 | 2 | ||||||
| Available-for-sale Securities, Equity Securities | $ 0 | $ 0 | $ 0 | 0 | |||||
| Taxes as a Result of SEC 883 Non-qualification [Member] | |||||||||
| Income Tax Expense (Benefit) | $ 600,000 | 300,000 | |||||||
| Minimum [Member] | |||||||||
| Property, Plant and Equipment, Useful Life | 3 years | ||||||||
| Maximum [Member] | |||||||||
| Property, Plant and Equipment, Useful Life | 10 years | ||||||||
| Vessels and Vessel Improvements [Member] | |||||||||
| Assets, Fair Value Disclosure | $ 842,625,000 | ||||||||
| Impairment of Long-Lived Assets Held-for-use | $ 122,860,600 | $ 6,167,262 | $ 122,860,600 | $ 50,872,734 | |||||
| Vessels [Member] | |||||||||
| Property, Plant and Equipment, Useful Life | 28 years | 25 years | |||||||
| Property, Plant, and Equipment, Scrap Value Per Ton | t | 150 | 300 | |||||||
| December 31, 2015 [Member] | Reclassification of Deferred Financing Costs to Reduction of Long-term Debt [Member] | |||||||||
| Prior Period Reclassification Adjustment | $ 435,816 | ||||||||
| December 31, 2016 [Member] | Reclassification from Restricted Cash to Cash and Cash Equivalents [Member] | Scenario, Forecast [Member] | |||||||||
| Prior Period Reclassification Adjustment | $ 74,917 | ||||||||
| Cost Reclassification from Vessel Expenses to General and Administrative Expenses [Member] | Year Ended December 31, 2015 [Member] | |||||||||
| Prior Period Reclassification Adjustment | 6,100,000 | ||||||||
| Cost Reclassification from Vessel Expenses to General and Administrative Expenses [Member] | Period Between October 16, 2014 and December 31, 2014 [Member] | |||||||||
| Prior Period Reclassification Adjustment | 1,200,000 | ||||||||
| Cost Reclassification from Vessel Expenses to General and Administrative Expenses [Member] | Period Between January 1, 2014 and October 15, 2014 [Member] | |||||||||
| Prior Period Reclassification Adjustment | $ 4,700,000 | ||||||||
| X | ||||||||||
- Definition Number of vessels that are held-for-sale No definition available.
|
| X | ||||||||||
- Definition Number of vessels that are to be sold. No definition available.
|
| X | ||||||||||
- Definition The per ton scrap value of property, plant, and equipment. No definition available.
|
| X | ||||||||||
- Definition Long lived, depreciable assets used for the primary purpose of water transportation, net of accumulated depreciation. No definition available.
|
| X | ||||||||||
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of equity securities categorized neither as held-to-maturity nor as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of a reclassification adjustment made to prior period financial statement amounts. No definition available.
|
| X | ||||||||||
- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
| X | ||||||||||
- Definition The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 5 - Vessels (Details Textual) |
2 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 15, 2017
USD ($)
|
Dec. 22, 2016
USD ($)
|
Nov. 14, 2016
USD ($)
t
|
Sep. 30, 2016
USD ($)
t
|
Sep. 06, 2016
USD ($)
|
Jul. 13, 2016
USD ($)
|
Jun. 16, 2016
USD ($)
|
Apr. 26, 2016
USD ($)
|
Dec. 31, 2016
USD ($)
t
|
Jun. 30, 2017
USD ($)
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
t
|
Sep. 30, 2016
USD ($)
t
|
Jun. 30, 2016
USD ($)
|
Mar. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2016
USD ($)
t
|
Dec. 31, 2015
USD ($)
|
Mar. 30, 2017 |
Jul. 12, 2016
t
|
May 09, 2016
t
|
Oct. 15, 2014
USD ($)
|
|
| Number Of Vessels | 41 | 41 | 41 | |||||||||||||||||||
| Impairment of Long-Lived Assets Held-for-use | $ 122,860,600 | $ 6,167,262 | $ 50,872,734 | |||||||||||||||||||
| Number of Vessels Sold | 4 | 4 | 4 | 4 | ||||||||||||||||||
| Number of Vessels, Held-for-sale | 2 | 2 | 2 | 2 | ||||||||||||||||||
| Dead Weight Tonnage of Operating Fleet | t | 2,260,943 | 2,260,943 | 2,260,943 | |||||||||||||||||||
| Subsequent Event [Member] | ||||||||||||||||||||||
| Number of Vessels Sold | 2 | |||||||||||||||||||||
| Vessels and Vessel Improvements [Member] | ||||||||||||||||||||||
| Assets, Fair Value Disclosure | $ 842,625,000 | |||||||||||||||||||||
| Impairment of Long-Lived Assets Held-for-use | $ 122,860,600 | $ 6,167,262 | $ 122,860,600 | $ 50,872,734 | ||||||||||||||||||
| Vessel Peregrine [Member] | ||||||||||||||||||||||
| Property, Plant and Equipment, Disposals | $ 2,600,000 | |||||||||||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $ (150,000) | |||||||||||||||||||||
| Vessel Falcon [Member] | ||||||||||||||||||||||
| Property, Plant and Equipment, Disposals | $ 3,200,000 | |||||||||||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $ (140,000) | |||||||||||||||||||||
| Vessel Harrier [Member] | ||||||||||||||||||||||
| Property, Plant and Equipment, Disposals | $ 3,200,000 | |||||||||||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $ 134,000 | |||||||||||||||||||||
| Vessel Kittiwake [Member] | ||||||||||||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $ 316,000 | |||||||||||||||||||||
| Proceeds from Sale of Property, Plant, and Equipment | $ 4,000,000 | |||||||||||||||||||||
| Chinese Vessel [Member] | ||||||||||||||||||||||
| Dead Weight Tonnage of Operating Fleet | t | 61,000 | 61,000 | 61,000 | 63,000 | ||||||||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $ 18,850,000 | |||||||||||||||||||||
| SDARI-64 Ultramax Dry Bulk Vessel [Member] | ||||||||||||||||||||||
| Dead Weight Tonnage of Operating Fleet | t | 64,000 | |||||||||||||||||||||
| Vessel, Purchase Price | $ 17,900,000 | |||||||||||||||||||||
| Advance Payments for Vessels Purchase | $ 1,900,000 | $ 1,900,000 | ||||||||||||||||||||
| Vessel Redwing [Member] | ||||||||||||||||||||||
| Proceeds from Sale of Property, Plant, and Equipment | $ 5,800,000 | |||||||||||||||||||||
| Vessel Redwing [Member] | Scenario, Forecast [Member] | ||||||||||||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $ 100,000 | |||||||||||||||||||||
| Vessel Sparrow [Member] | Scenario, Forecast [Member] | ||||||||||||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $ 1,800,000 | |||||||||||||||||||||
| Vessel Sparrow [Member] | Subsequent Event [Member] | ||||||||||||||||||||||
| Proceeds from Sale of Property, Plant, and Equipment | $ 4,800,000 | |||||||||||||||||||||
| X | ||||||||||
- Definition The cash outflow associated with advance for vessel purchase. No definition available.
|
| X | ||||||||||
- Definition Net dead weight tonnage of vessels involved in the company's operating fleet. No definition available.
|
| X | ||||||||||
- Definition Number of vessels which consists the operating fleet of the entity. No definition available.
|
| X | ||||||||||
- Definition Number of vessels that are held-for-sale No definition available.
|
| X | ||||||||||
- Definition Number of vessels that are to be sold. No definition available.
|
| X | ||||||||||
- Definition The purchase price of a vessel pursuant to an agreement. No definition available.
|
| X | ||||||||||
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of divestiture of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 5 - Vessels - Vessels and Vessel Improvements (Details) - USD ($) |
3 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Vessels and vessel improvements at beginning of period | $ 234,860,600 | $ 76,332,734 | ||||
| Vessel impairment charge | (122,860,600) | $ (6,167,262) | $ (50,872,734) | |||
| Vessels and vessel improvements at end of period | 234,860,600 | $ 76,332,734 | $ 234,860,600 | |||
| Successor [Member] | ||||||
| Vessels and vessel improvements at beginning of period | 733,960,731 | 733,960,731 | ||||
| Vessel impairment charge | (129,027,862) | (50,872,734) | ||||
| Vessels and vessel improvements at end of period | 567,592,950 | 733,960,731 | 567,592,950 | 733,960,731 | ||
| Vessels and Vessel Improvements [Member] | ||||||
| Vessel impairment charge | (122,860,600) | (6,167,262) | (122,860,600) | (50,872,734) | ||
| Vessels and Vessel Improvements [Member] | Successor [Member] | ||||||
| Vessels and vessel improvements at beginning of period | $ 733,960,731 | 733,960,731 | ||||
| Purchase of Vessel and Vessel Improvements | 19,860,401 | |||||
| Disposal of Vessels | (13,102,860) | |||||
| Reclassification to vessels held for sale | (8,688,601) | |||||
| Depreciation Expense | (35,408,859) | |||||
| Vessel impairment charge | (129,027,862) | |||||
| Vessels and vessel improvements at end of period | $ 567,592,950 | $ 733,960,731 | $ 567,592,950 | $ 733,960,731 | ||
| X | ||||||||||
- Definition Amount of improvements added to existing property, plant and equipment. No definition available.
|
| X | ||||||||||
- Definition Amount of long-lived, physical assets reclassified to held-for-sale during the period. No definition available.
|
| X | ||||||||||
- Definition Long lived, depreciable assets used for the primary purpose of water transportation, net of accumulated depreciation. No definition available.
|
| X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of divestiture of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 6 - Investment (Details Textual) - Korea Line Corporation [Member] $ in Millions |
12 Months Ended |
|---|---|
|
Dec. 31, 2015
USD ($)
| |
| Proceeds from Sale of Available-for-sale Securities | $ 7.8 |
| Realized Investment Gains (Losses) | $ (0.5) |
| X | ||||||||||
- Definition The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The net realized gains or losses on investments during the period, not including gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
Note 6 - Investment - Summary of KLC Capital Stock (Details) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Dec. 31, 2014 |
Oct. 15, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Fair value | $ 0 | |||
| Balance | 0 | $ 0 | ||
| Predecessor [Member] | ||||
| Realized Investment Gains (Losses) | ||||
| Loss on sale of KLC stock | $ (231,995) | |||
| Predecessor [Member] | Korea Line Corporation [Member] | ||||
| KLC Shares (in shares) | 566,529 | 566,529 | 387,453 | |
| Cost Basis-Adjusted | $ 13,585,444 | $ 13,817,439 | $ 8,300,740 | |
| Fair value | 13,585,444 | 13,817,439 | 8,300,740 | |
| Balance at January 1, 2014 (Predecessor) | $ (990,437) | (18,414,366) | ||
| Balance | (417,966) | |||
| Reorganization Adjustment | (231,995) | |||
| Reorganization Adjustment | $ 231,995 | |||
| Balance (in shares) | 387,453 | 566,529 | ||
| Balance | $ 13,585,444 | $ 13,817,439 | 8,300,740 | |
| Balance | 8,300,740 | 13,585,444 | ||
| Other-than-Temporary Loss Adjustments | 231,995 | |||
| Cost Basis-Adjusted | 8,300,740 | 13,585,444 | ||
| Predecessor [Member] | Korea Line Corporation [Member] | Investment 1 [Member] | ||||
| Fair Value-Adjustments | (442,288) | |||
| Fair Value-Adjustments, net | (442,288) | |||
| Predecessor [Member] | Korea Line Corporation [Member] | Investment 2 [Member] | ||||
| Fair Value-Adjustments | 210,293 | |||
| Fair Value-Adjustments, net | $ 210,293 | |||
| Successor [Member] | ||||
| Realized Investment Gains (Losses) | (884,426) | (462,394) | ||
| Successor [Member] | Korea Line Corporation [Member] | ||||
| KLC Shares (in shares) | ||||
| Cost Basis-Adjusted | ||||
| Fair value | ||||
| Balance at January 1, 2014 (Predecessor) | (990,437) | |||
| Balance | $ (462,394) | |||
| Reorganization Adjustment | $ (990,437) | |||
| Balance (in shares) | ||||
| Balance | ||||
| Balance | ||||
| KLC Stock sold (in shares) | (179,076) | (387,453) | ||
| KLC Stock sold | $ (4,294,267) | $ (8,300,740) | ||
| KLC Stock sold | (4,294,267) | (7,838,346) | ||
| Other-than-Temporary Loss Adjustments | $ (990,437) | |||
| Cost Basis-Adjusted | ||||
| Realized Investment Gains (Losses) | (462,394) | |||
| Loss on sale of KLC stock | $ (462,394) | |||
| X | ||||||||||
- Definition This item represents the cost of equity securities sold during the period, which are categorized neither as held-to-maturity nor trading, net of adjustments for other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. No definition available.
|
| X | ||||||||||
- Definition Amount of equity securities sold during the period categorized neither as held-to-maturity nor as trading. No definition available.
|
| X | ||||||||||
- Definition The number of investee shares sold by the company during the period. No definition available.
|
| X | ||||||||||
- Definition This item represents the cost of equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments for other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. No definition available.
|
| X | ||||||||||
- Definition The change in unrealized holding gain (loss), net of tax, on available-for-sale securities included in a separate component of shareholders' equity during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of equity securities categorized neither as held-to-maturity nor as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition This item represents the difference between the gross realized gains and losses realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Additionally, this item would include any losses recognized for other than temporary impairments (OTTI) of the subject investments in debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on asset sales, reported as a reorganization item. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Balance held at close of period in number of shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of other than temporary impairment losses on investments in debt and equity securities categorized as Available-for-sale which have been recognized in earnings during the period. Such impairment losses consist of other than temporary impairments (OTTI) on equity securities, credit losses on investments in debt securities, and when the entity intends to sell an impaired debt security or it is more likely than not that the entity will be required to sell the impaired debt security before recovery of its amortized cost basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The net realized gains or losses on investments during the period, not including gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 7 - Deferred Drydock Costs - Dry Docking Activities (Details) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Dec. 31, 2014 |
Oct. 15, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Successor [Member] | ||||
| Beginning Balance | $ 11,146,009 | $ 1,960,792 | ||
| Payment for drydocking | 1,960,792 | 3,688,711 | 11,141,561 | |
| Drydock amortization | (3,327,411) | (1,956,344) | ||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ||||
| Ending Balance | 1,960,792 | $ 11,507,309 | $ 11,146,009 | |
| Predecessor [Member] | ||||
| Beginning Balance | 3,826,685 | |||
| Payment for drydocking | 3,802,795 | |||
| Drydock amortization | (2,521,478) | |||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | (5,108,002) | |||
| Ending Balance | ||||
| X | ||||||||||
- Definition The charge against earnings in the period representing the allocation of deferred drydocking costs to period expected to benefit from such costs. No definition available.
|
| X | ||||||||||
- Definition Carrying value of deferred drydock costs as of the balance sheet date. No definition available.
|
| X | ||||||||||
- Definition The cash outflow for drydocking costs. No definition available.
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 8 - Other Accrued Liabilities - Other Accrued Liabilites (Details) - Successor [Member] - USD ($) |
Dec. 31, 2016 |
Dec. 31, 2015 |
|---|---|---|
| Other accrued liabilities | $ 11,545,447 | $ 10,827,075 |
| Vessel and Voyage [Member] | ||
| Other accrued liabilities | 6,986,486 | 8,901,904 |
| General and Administrative Expense [Member] | ||
| Other accrued liabilities | 3,446,113 | 1,347,951 |
| Other Expense [Member] | ||
| Other accrued liabilities | $ 1,112,848 | $ 577,220 |
| X | ||||||||||
- Definition Amount of expenses incurred but not yet paid classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
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|
Note 9 - Debt (Details Textual) |
2 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 30, 2016 |
Feb. 09, 2016
USD ($)
|
Oct. 02, 2015 |
Oct. 09, 2014
USD ($)
|
Aug. 08, 2014
USD ($)
|
Oct. 15, 2014
USD ($)
|
Mar. 31, 2016
USD ($)
|
Dec. 31, 2014
USD ($)
|
Oct. 15, 2014
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Oct. 15, 2019
USD ($)
|
|
| Interest Not Accrued During Bankruptcy Proceedings | $ 14,844,413 | |||||||||||
| Debtor in Possession Financing, Extension Fee Percentage | 0.75% | |||||||||||
| Debtor-in-Possession Financing, Amount Arranged | $ 50,000,000 | |||||||||||
| Debtor in Possession Financing, Minimum Liquidity Covenant | $ 22,500,000 | |||||||||||
| Charters Agreement Term | 1 year 180 days | 7 years | 1 year 180 days | |||||||||
| Line of Credit [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | ||||||||||||
| Debt Instrument, Number of Installments | 20 | |||||||||||
| Debt Instrument, Periodic Payment | $ 3,906,250 | |||||||||||
| Revolving Credit Facility [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | ||||||||||||
| Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 40.00% | |||||||||||
| Long-term Line of Credit | $ 40,000,000 | |||||||||||
| Payments of Debt Issuance Costs | $ 5,500,000 | |||||||||||
| Line of Credit Facility, Commitment Fee Percentage | 40.00% | |||||||||||
| London Interbank Offered Rate (LIBOR) [Member] | ||||||||||||
| Debtor in Possession Financing, Spread on Variable Rate | 5.00% | |||||||||||
| Forbearance Agreement [Member] | ||||||||||||
| Repayments of Lines of Credit | $ 3,906,250 | $ 3,906,250 | ||||||||||
| Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | ||||||||||||
| Debt Instrument, Basis Spread on Variable Rate | 3.50% | |||||||||||
| Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | ||||||||||||
| Debt Instrument, Basis Spread on Variable Rate | 4.00% | |||||||||||
| Successor [Member] | ||||||||||||
| Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.70% | 40.00% | 40.00% | |||||||||
| Interest Paid | $ 1,586,303 | $ 10,257,766 | $ 9,911,793 | |||||||||
| Payments of Debt Issuance Costs | $ 3,086,947 | $ 500,000 | ||||||||||
| Successor [Member] | Second Lien Facility [Member] | ||||||||||||
| Debt Instrument, Interest Rate During Period | 15.00% | |||||||||||
| Successor [Member] | Minimum [Member] | ||||||||||||
| Debt Instrument, Interest Rate During Period | 4.028% | 3.696% | ||||||||||
| Successor [Member] | Minimum [Member] | First Lien Facility [Member] | ||||||||||||
| Debt Instrument, Interest Rate During Period | 3.86% | |||||||||||
| Successor [Member] | Maximum [Member] | ||||||||||||
| Debt Instrument, Interest Rate During Period | 4.037% | 4.08% | ||||||||||
| Successor [Member] | Maximum [Member] | First Lien Facility [Member] | ||||||||||||
| Debt Instrument, Interest Rate During Period | 4.99% | |||||||||||
| Successor [Member] | Weighted Average [Member] | ||||||||||||
| Debt Instrument, Interest Rate, Effective Percentage | 4.13% | 5.06% | ||||||||||
| Successor [Member] | Weighted Average [Member] | First Lien Facility [Member] | ||||||||||||
| Debt Instrument, Interest Rate, Effective Percentage | 6.83% | |||||||||||
| Successor [Member] | Weighted Average [Member] | Second Lien Facility [Member] | ||||||||||||
| Debt Instrument, Interest Rate, Effective Percentage | 17.05% | |||||||||||
| Predecessor [Member] | ||||||||||||
| Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.70% | |||||||||||
| Interest Paid | $ 10,886,687 | |||||||||||
| Payments of Debt Issuance Costs | $ 575,000 | |||||||||||
| Predecessor [Member] | Minimum [Member] | ||||||||||||
| Debt Instrument, Interest Rate During Period | 3.63% | |||||||||||
| Predecessor [Member] | Maximum [Member] | ||||||||||||
| Debt Instrument, Interest Rate During Period | 7.40% | |||||||||||
| Predecessor [Member] | Weighted Average [Member] | ||||||||||||
| Debt Instrument, Interest Rate, Effective Percentage | 2.93% | 2.93% | ||||||||||
| After Entry of the Interim Order [Member] | ||||||||||||
| Debtor-in-Possession Financing, Amount Arranged | $ 25,000,000 | |||||||||||
| Extension Option Exercised [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||||||||
| Debtor in Possession Financing, Spread on Variable Rate | 7.00% | |||||||||||
| Scenario, Forecast [Member] | Line of Credit [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | ||||||||||||
| Line of Credit Facility, Maximum Borrowing Capacity | $ 275,000,000 | |||||||||||
| Scenario, Forecast [Member] | Revolving Credit Facility [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | ||||||||||||
| Line of Credit Facility, Maximum Borrowing Capacity | $ 50,000,000 | |||||||||||
| X | ||||||||||
- Definition Represents information about the charters agreement period. No definition available.
|
| X | ||||||||||
- Definition Represents the number of quarterly principal repayment installments. No definition available.
|
| X | ||||||||||
- Definition The fee, expressed in a percentage of of borrowed principal, associated with extending the maturity date of a debtor-in-possession loan at its discretion. No definition available.
|
| X | ||||||||||
- Definition Minimum amount of liquidity required as part of a debtor-in-possession financing arrangement. No definition available.
|
| X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debtor-in-possession financing arrangement. No definition available.
|
| X | ||||||||||
- Definition The amount of interest that was not accrued during bankruptcy proceedings. No definition available.
|
| X | ||||||||||
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
| X | ||||||||||
- Definition The average effective interest rate during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the required periodic payments including both interest and principal payments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount debtor-in-possession financing arranged (but not necessarily all borrowed). No definition available.
|
| X | ||||||||||
- Definition The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. No definition available.
|
| X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. No definition available.
|
| X | ||||||||||
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
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|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 9 - Debt - Summary of Debt (Details) - Successor [Member] - USD ($) |
Dec. 31, 2016 |
Dec. 31, 2015 |
||
|---|---|---|---|---|
| Total debt | $ 255,943,544 | $ 225,577,491 | ||
| First Lien Facility [Member] | ||||
| Less: Current Portion Exit Financing Facility | (15,625,000) | |||
| Total debt | 204,352,318 | 225,577,491 | ||
| First Lien Facility [Member] | Term Loan [Member] | ||||
| Term Loan | [1] | 209,099,000 | 245,375,000 | |
| Debt issuance costs | (4,746,682) | (4,172,509) | ||
| Long-term Debt | 204,352,318 | 241,202,491 | ||
| Second Lien Facility [Member] | ||||
| Total debt | 51,591,226 | |||
| Second Lien Facility [Member] | Term Loan [Member] | ||||
| Term Loan | 67,327,843 | |||
| Debt issuance costs | (15,736,617) | |||
| Long-term Debt | $ 51,591,226 | |||
| ||||
| X | ||||||||||
- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount, after accumulated amortization, of debt discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
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|
| X | ||||||||||
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|
| X | ||||||||||
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|
| X | ||||||||||
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|
Note 9 - Debt - Interest Expense (Details) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Dec. 31, 2014 |
Oct. 15, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Successor [Member] | ||||
| First Lien Facility / Exit Financing Facility Interest | $ 2,103,151 | $ 9,938,822 | $ 9,781,106 | |
| Amortization of debt discount and debt issuance costs | 256,175 | 4,532,481 | 2,146,316 | |
| Payment in kind interest on Second Lien Facility | 7,327,843 | |||
| Term loan Interest | ||||
| Debtor-In-Possession Interest | ||||
| Total Interest Expense | 2,359,326 | 21,799,146 | 11,927,422 | |
| Successor [Member] | Line of Credit [Member] | ||||
| Amortization of debt discount and debt issuance costs | 256,175 | 4,532,481 | 2,146,316 | |
| Payment in kind interest on Second Lien Facility | 7,327,843 | |||
| Successor [Member] | Term Loan [Member] | ||||
| Amortization of debt discount and debt issuance costs | ||||
| Successor [Member] | DIP Financing [Member] | ||||
| Amortization of debt discount and debt issuance costs | ||||
| Predecessor [Member] | ||||
| First Lien Facility / Exit Financing Facility Interest | ||||
| Amortization of debt discount and debt issuance costs | 17,028,544 | |||
| Payment in kind interest on Second Lien Facility | 17,858,132 | |||
| Term loan Interest | 43,314,831 | |||
| Debtor-In-Possession Interest | 394,096 | |||
| Total Interest Expense | 60,737,471 | |||
| Predecessor [Member] | Line of Credit [Member] | ||||
| Amortization of debt discount and debt issuance costs | ||||
| Payment in kind interest on Second Lien Facility | ||||
| Predecessor [Member] | Term Loan [Member] | ||||
| Amortization of debt discount and debt issuance costs | 16,278,544 | |||
| Predecessor [Member] | DIP Financing [Member] | ||||
| Amortization of debt discount and debt issuance costs | $ 750,000 | |||
| X | ||||||||||
- Definition Amount of amortization expense attributable to debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of reorganization items related to debtor-in-possession facility financing costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the required periodic payment applied to interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Interest paid other than in cash for example by issuing additional debt securities. As a noncash item, it is added to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 10 - Derivative Instruments and Fair Value Measurements (Details Textual) |
3 Months Ended | 12 Months Ended | |||||
|---|---|---|---|---|---|---|---|
|
Dec. 31, 2016
USD ($)
|
Mar. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Sep. 30, 2016
USD ($)
|
Dec. 31, 2014
USD ($)
|
|
| Impairment of Long-Lived Assets Held-for-use | $ 122,860,600 | $ 6,167,262 | $ 50,872,734 | ||||
| Vessels and Vessel Improvements, Net | $ 234,860,600 | $ 234,860,600 | $ 234,860,600 | $ 76,332,734 | |||
| Number of Vessels Sold | 4 | 4 | 4 | ||||
| Number of Vessels, Held-for-sale | 2 | 2 | 2 | ||||
| Vessels and Vessel Improvements [Member] | |||||||
| Impairment of Long-Lived Assets Held-for-use | $ 122,860,600 | $ 6,167,262 | $ 122,860,600 | $ 50,872,734 | |||
| X | ||||||||||
- Definition Number of vessels that are held-for-sale No definition available.
|
| X | ||||||||||
- Definition Number of vessels that are to be sold. No definition available.
|
| X | ||||||||||
- Definition Long lived, depreciable assets used for the primary purpose of water transportation, net of accumulated depreciation. No definition available.
|
| X | ||||||||||
- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
Note 10 - Derivative Instruments and Fair Value Measurements - Effect of Non-designated Derivative Instruments (Details) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Dec. 31, 2014 |
Oct. 15, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Successor [Member] | ||||
| Derivative Instruments Not Designated as Hedging Instruments, Loss | $ 561,495 | |||
| Predecessor [Member] | ||||
| Derivative Instruments Not Designated as Hedging Instruments, Loss | ||||
| Forward Freight Agreements [Member] | Other Expense [Member] | Successor [Member] | ||||
| Derivative Instruments Not Designated as Hedging Instruments, Loss | $ 561,495 | |||
| Forward Freight Agreements [Member] | Other Expense [Member] | Predecessor [Member] | ||||
| Derivative Instruments Not Designated as Hedging Instruments, Loss | ||||
| X | ||||||||||
- Definition Amount of realized and unrealized loss of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
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|
| X | ||||||||||
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|
| X | ||||||||||
- Details
|
Note 11 - Commitments and Contingencies (Details Textual) |
1 Months Ended | 2 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 92 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Nov. 14, 2016
USD ($)
t
|
Jul. 12, 2016
t
$ / d
|
May 09, 2016
t
$ / d
|
Mar. 30, 2016 |
Oct. 02, 2015 |
Oct. 09, 2014 |
Oct. 31, 2014
t
$ / d
|
Dec. 31, 2016
USD ($)
t
|
Dec. 31, 2014
USD ($)
|
Oct. 15, 2014
USD ($)
|
Dec. 31, 2016
USD ($)
t
|
Dec. 31, 2015
USD ($)
|
Jun. 29, 2023
USD ($)
|
Sep. 30, 2016
t
|
Oct. 15, 2015
USD ($)
|
|
| Restricted Cash and Cash Equivalents | $ 74,917 | $ 74,917 | $ 141,161 | ||||||||||||
| Dead Weight Tonnage of Operating Fleet | t | 2,260,943 | 2,260,943 | |||||||||||||
| Charters Agreement Term | 1 year 180 days | 7 years | 1 year 180 days | ||||||||||||
| Japanese Vessel [Member] | |||||||||||||||
| Dead Weight Tonnage of Operating Fleet | t | 37,000 | ||||||||||||||
| Charters Agreement Term | 7 years | ||||||||||||||
| Charters Agreement Term, Extension Option | 1 year | ||||||||||||||
| Japanese Vessel [Member] | First Seven Years [Member] | |||||||||||||||
| Vessel Hiring Rate | $ / d | 13,500 | ||||||||||||||
| Japanese Vessel [Member] | Eighth Year Option [Member] | |||||||||||||||
| Vessel Hiring Rate | $ / d | 13,750 | ||||||||||||||
| Japanese Vessel [Member] | Eleven to Thirteen Month Option [Member] | |||||||||||||||
| Vessel Hiring Rate | $ / d | 6,000 | ||||||||||||||
| Chinese Vessel [Member] | |||||||||||||||
| Dead Weight Tonnage of Operating Fleet | t | 61,000 | 63,000 | 61,000 | ||||||||||||
| Chinese Vessel [Member] | Minimum [Member] | |||||||||||||||
| Charters Agreement Term | 11 years | 270 days | |||||||||||||
| Chinese Vessel [Member] | Maximum [Member] | |||||||||||||||
| Charters Agreement Term | 1 year | 1 year 60 days | |||||||||||||
| Chinese Vessel [Member] | Nine to Fourteen Month Option [Member] | |||||||||||||||
| Vessel Hiring Rate | $ / d | 6,000 | ||||||||||||||
| SDARI-64 Ultramax Dry Bulk Vessel [Member] | |||||||||||||||
| Dead Weight Tonnage of Operating Fleet | t | 64,000 | ||||||||||||||
| Vessel, Purchase Price | $ 17,900,000 | ||||||||||||||
| Advance Payments for Vessels Purchase | $ 1,900,000 | $ 1,900,000 | |||||||||||||
| Successor [Member] | |||||||||||||||
| Operating Leases, Rent Expense | $ 272,365 | $ 840,303 | 2,591,489 | ||||||||||||
| Advance Payments for Vessels Purchase | $ 1,926,886 | ||||||||||||||
| Predecessor [Member] | |||||||||||||||
| Operating Leases, Rent Expense | $ 1,061,608 | ||||||||||||||
| Advance Payments for Vessels Purchase | |||||||||||||||
| Letter of Credit [Member] | |||||||||||||||
| Restricted Cash and Cash Equivalents | $ 74,917 | ||||||||||||||
| Lease Agreement for Office Space in Stamford [Member] | Subsequent Event [Member] | |||||||||||||||
| Operating Leases, Rent Expense | $ 419,536 | ||||||||||||||
| Lease Agreement for New York Office Space [Member] | Successor [Member] | |||||||||||||||
| Lease Termination Agreement, Early Termination Fee | $ 1,334,301 | ||||||||||||||
| X | ||||||||||
- Definition The cash outflow associated with advance for vessel purchase. No definition available.
|
| X | ||||||||||
- Definition Represents information about the charters agreement period. No definition available.
|
| X | ||||||||||
- Definition Represents information about the charters agreement period option to extend the original charter agreement. No definition available.
|
| X | ||||||||||
- Definition Net dead weight tonnage of vessels involved in the company's operating fleet. No definition available.
|
| X | ||||||||||
- Definition The amount of early contract termination fee under the lease termination and surrender agreement. No definition available.
|
| X | ||||||||||
- Definition The amount to be paid per day for the services rendered by a vessel that the entity charters. No definition available.
|
| X | ||||||||||
- Definition The purchase price of a vessel pursuant to an agreement. No definition available.
|
| X | ||||||||||
- Definition Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
|
| X | ||||||||||
- Definition The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
- Details
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 11 - Commitments and Contingencies - Future Minimum Commitments Under Leases (Details) |
Dec. 31, 2016
USD ($)
|
|---|---|
| 2017 | $ 577 |
| 2018 | 438 |
| 2019 | 443 |
| 2020 | 456 |
| Thereafter | 1,198 |
| Total | $ 3,112 |
| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. No definition available.
|
| X | ||||||||||
- Definition Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 12 - Reorganization Items, Net - Reorganization Amounts Incurred and Recovered (Details) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Dec. 31, 2014 |
Oct. 15, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Successor [Member] | ||||
| Professional Fees Incurred | ||||
| Reorganization items and fresh-start reporting adjustments, net | ||||
| Total Reorganization Items | ||||
| Predecessor [Member] | ||||
| Professional Fees Incurred | $ 45,542 | $ 25,311,230 | ||
| Reorganization items and fresh-start reporting adjustments, net | 402,423,980 | |||
| Total Reorganization Items | $ 45,542 | $ 427,735,210 | ||
| X | ||||||||||
- Definition Amount of fresh-start reporting adjustments reported as a reorganization item. No definition available.
|
| X | ||||||||||
- Definition Amount of reorganization items related to legal and advisory professional fees related to entities in bankruptcy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total amount of reorganization items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 13 - Transactions With Former Related Party (Details Textual) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Oct. 15, 2014 |
Dec. 31, 2014 |
Oct. 15, 2014 |
Dec. 31, 2015 |
|
| Due from Related Parties | $ 245,569 | |||
| Successor [Member] | ||||
| Management Fees Revenue | $ 402,661 | 2,379,787 | ||
| Reimbursement Of Expenses | $ 27,115 | $ 227,105 | ||
| Delphin Shipping LLC [Member] | ||||
| Management Fee Revenue Per Vessel | $ 700 | |||
| Commercial Management Fee, Percent of Charter Hire | 1.25% | |||
| Delphin Shipping LLC [Member] | Predecessor [Member] | ||||
| Management Fees Revenue | $ 1,722,973 | |||
| Reimbursement Of Expenses | $ 203,097 |
| X | ||||||||||
- Definition The commercial management fee as a percentage of charter hire. No definition available.
|
| X | ||||||||||
- Definition Management fee revenue per vessel per day as per the amended agreement. No definition available.
|
| X | ||||||||||
- Definition The aggregate amount of reimbursement of expenses incurred during the period. No definition available.
|
| X | ||||||||||
- Definition For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Revenue, comprised of base and incentive revenue derived from the management of joint ventures, managing third-party properties, or another entity's operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 14 - Loss Per Common Share (Details Textual) |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|---|
Aug. 05, 2016 |
Dec. 31, 2014
shares
|
Oct. 15, 2014
$ / shares
shares
|
Dec. 31, 2016
shares
|
Dec. 31, 2015
shares
|
|
| Reverse Stock Split [Member] | |||||
| Stockholders' Equity Note, Stock Split, Conversion Ratio | 20 | ||||
| Warrant [Member] | Predecessor [Member] | |||||
| Weighted Average Underlying Warrant Shares Issuable | 615,997 | ||||
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 0.01 | ||||
| Warrant [Member] | Successor [Member] | |||||
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 152,266 | 152,266 | 152,266 | ||
| Stock Compensation Plan [Member] | Successor [Member] | |||||
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 45,045 | 1,413,461 | 39,231 | ||
| Employee Stock Option [Member] | Predecessor [Member] | |||||
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,727,667 | ||||
| Employee Stock Option [Member] | Successor [Member] | |||||
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 123,874 | 1,942,909 | 68,867 | ||
| Restricted Stock [Member] | Predecessor [Member] | |||||
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 123,667 | ||||
| X | ||||||||||
- Definition Warrant Shares issuable for little or no cash are considerate as outstanding common shares and are included in the computation of basic EPS as of date of issuance. No definition available.
|
| X | ||||||||||
- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Ratio applied to the conversion of stock split, for example but not limited to, one share converted to two or two shares converted to one. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 14 - Loss Per Common Share - Loss Per Share, Basic and Diluted (Details) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2014 |
Oct. 15, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||||
| Net loss | $ (142,389,148) | $ (19,359,044) | $ (22,495,573) | $ (39,278,670) | $ (79,744,981) | $ (20,376,620) | $ (27,508,300) | $ (20,667,064) | |||||||||
| Basic loss Per Share (in dollars per share) | $ (2.96) | $ (0.65) | $ (9.98) | $ (20.77) | $ (42.37) | $ (10.83) | $ (14.62) | $ (11.01) | |||||||||
| Diluted loss Per Share (in dollars per share) | $ (2.96) | $ (0.65) | $ (9.98) | $ (20.77) | $ (42.37) | $ (10.83) | $ (14.62) | $ (11.01) | |||||||||
| Successor [Member] | |||||||||||||||||
| Net loss | $ (11,548,728) | $ (223,522,435) | $ (148,296,965) | ||||||||||||||
| Weighted Average Shares-Basic* (in shares) | [1],[2] | 1,875,227 | 20,565,652 | 1,880,116 | |||||||||||||
| Weighted Average Shares - Diluted* (in shares) | [1],[2] | 1,875,227 | 20,565,652 | 1,880,116 | |||||||||||||
| Basic loss Per Share (in dollars per share) | $ (6.16) | $ (10.87) | $ (78.88) | ||||||||||||||
| Diluted loss Per Share (in dollars per share) | $ (6.16) | $ (10.87) | $ (78.88) | ||||||||||||||
| Predecessor [Member] | |||||||||||||||||
| Net loss | $ (531,803,257) | ||||||||||||||||
| Weighted Average Shares-Basic* (in shares) | [1],[2] | 17,857,408 | |||||||||||||||
| Weighted Average Shares - Diluted* (in shares) | [1],[2] | 17,857,408 | |||||||||||||||
| Basic loss Per Share (in dollars per share) | $ (29.78) | ||||||||||||||||
| Diluted loss Per Share (in dollars per share) | $ (29.78) | ||||||||||||||||
| |||||||||||||||||
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 15 - Stock Incentive Plans (Details Textual) |
1 Months Ended | 9 Months Ended | 11 Months Ended | 12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Nov. 07, 2016
shares
|
Aug. 05, 2016 |
Oct. 15, 2014 |
Jun. 26, 2012
$ / shares
shares
|
Dec. 31, 2011
shares
|
Oct. 15, 2014
USD ($)
|
Dec. 15, 2016
shares
|
Dec. 31, 2019
USD ($)
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2016
shares
|
Nov. 04, 2016
shares
|
|
| Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | 6,591 | |||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares | 6,738 | |||||||||||
| Reverse Stock Split [Member] | ||||||||||||
| Stockholders' Equity Note, Stock Split, Conversion Ratio | 20 | |||||||||||
| Chief Financial Officer [Member] | ||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 280,000 | |||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares | 280,000 | |||||||||||
| Chief Financial Officer [Member] | Restricted Stock [Member] | ||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 233,863 | |||||||||||
| Predecessor [Member] | Granted in December 2011 [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |||||||||||
| Stock Issued During Period, Shares, Restricted Stock Award, Gross | 415,750 | |||||||||||
| Stock Issued During Period, Value, Restricted Stock Award, Gross | $ | $ 517,039 | |||||||||||
| Predecessor [Member] | Management [Member] | ||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 1,580,000 | |||||||||||
| Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares | $ 3.34 | |||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | |||||||||||
| Predecessor [Member] | Management [Member] | Minimum [Member] | ||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 5 years | |||||||||||
| Predecessor [Member] | Management [Member] | Maximum [Member] | ||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 10 years | |||||||||||
| Scenario, Forecast [Member] | ||||||||||||
| Allocated Share-based Compensation Expense | $ | $ 787,924 | $ 5,837,145 | $ 7,340,237 | |||||||||
| Equity Incentive Plan [Member] | Predecessor [Member] | ||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 5,900,000 | |||||||||||
| 2006 Equity Incentive Plan [Member] | Predecessor [Member] | Management [Member] | ||||||||||||
| Allocated Share-based Compensation Expense | $ | $ 555,344 | |||||||||||
| Management Incentive Plan 2014 [Member] | ||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | |||||||||||
| Percent of Common Stock for Distribution | 2.00% | 2.00% | ||||||||||
| Common Stock, Capital Shares Reserved for Future Issuance | 24,644 | |||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 0 | |||||||||||
| Management Incentive Plan 2014 [Member] | Annual Installments [Member] | ||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | |||||||||||
| Management Incentive Plan 2014 [Member] | With Different Striking Prices [Member] | ||||||||||||
| Percent of Common Stock for Distribution | 5.50% | 5.50% | ||||||||||
| Management Incentive Plan 2014 [Member] | Predecessor [Member] | ||||||||||||
| Allocated Share-based Compensation Expense | $ | $ 1,072,383 | |||||||||||
| Management Incentive Plan 2014 [Member] | Predecessor [Member] | Chief Financial Officer [Member] | ||||||||||||
| Allocated Share-based Compensation Expense | $ | ||||||||||||
| 2016 Equity Compensation Plan [Member] | ||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 5,348,613 | |||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Can Be Granted Per Emoloyee In One Year | 3,000,000 | |||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Options and Stock Appreciation Rights Can Be Granted Per Employee In One Year | 3,000,000 | |||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Can Be Granted to Non-employee Director In One Year | 500,000 | |||||||||||
| 2016 Equity Compensation Plan [Member] | Predecessor [Member] | ||||||||||||
| Allocated Share-based Compensation Expense | $ | ||||||||||||
| X | ||||||||||
- Definition Percent of the Common Stock for distribution of New Eagle MIP Primary Equity. No definition available.
|
| X | ||||||||||
- Definition The maximum number of options and stock appreciation rights can be granted to one employee in one year pursuant to the share-based compensation plan. No definition available.
|
| X | ||||||||||
- Definition The maximum number of shares can be granted to one employee in one year pursuant to the share-based compensation plan. No definition available.
|
| X | ||||||||||
- Definition The maximum number of shares can be granted to non-employee director during any one calendar year. No definition available.
|
| X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Aggregate number of common shares reserved for future issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Gross number of share options (or share units) granted during the period. No definition available.
|
| X | ||||||||||
- Definition As of the balance sheet date, the number of shares into which fully vested and expected to vest stock options outstanding can be converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
|
| X | ||||||||||
- Definition Percentage of vesting of share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of non-vested options outstanding. No definition available.
|
| X | ||||||||||
- Definition Total number of shares issued during the period, including shares forfeited, as a result of Restricted Stock Awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Aggregate value of stock related to Restricted Stock Awards issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Ratio applied to the conversion of stock split, for example but not limited to, one share converted to two or two shares converted to one. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 15 - Stock Incentive Plans - Restricted Stock Units Award Activity (Details) - Restricted Stock Units (RSUs) [Member] - Successor [Member] - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 15, 2016 |
Nov. 07, 2016 |
Jun. 12, 2016 |
Nov. 13, 2015 |
Oct. 15, 2015 |
Sep. 29, 2015 |
Jun. 12, 2015 |
Dec. 02, 2014 |
Oct. 15, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
||||||||||||||||
| Management Incentive Plan 2014 [Member] | |||||||||||||||||||||||||||
| Granted, RSUs (in shares) | [1] | 24,000 | |||||||||||||||||||||||||
| Granted, Aggregate Fair Value RSUs | $ 2,800 | ||||||||||||||||||||||||||
| Balance outstanding, RSUs (in shares) | [1] | 185,673 | 31,155 | [2] | 45,045 | [2] | |||||||||||||||||||||
| Balance outstanding, Exercise Price on Grant Date RSUs (in dollars per share) | $ 19.58 | $ 174.48 | $ 308.58 | ||||||||||||||||||||||||
| Balance outstanding, Aggregate Fair Value RSUs | $ 3,600 | $ 5,500 | $ 13,900 | ||||||||||||||||||||||||
| Vesting of shares - Tax, RSUs (in shares) | [1] | (1,098) | |||||||||||||||||||||||||
| Forfeited, RSUs (in shares) | [1] | (4,741) | (35,457) | ||||||||||||||||||||||||
| Forfeited, Aggregate Fair Value RSUs | $ (1,400) | $ (11,200) | |||||||||||||||||||||||||
| Cancelled, RSUs (in shares) | [1],[3] | (21,250) | |||||||||||||||||||||||||
| Cancelled, Aggregate Fair Value RSUs | $ (1,400) | ||||||||||||||||||||||||||
| Management Incentive Plan 2014 [Member] | Chief Financial Officer [Member] | |||||||||||||||||||||||||||
| Balance outstanding, RSUs (in shares) | [4] | 233,863 | |||||||||||||||||||||||||
| Balance outstanding, Exercise Price on Grant Date RSUs (in dollars per share) | $ 4.24 | ||||||||||||||||||||||||||
| Balance outstanding, Aggregate Fair Value RSUs | $ 1,000 | ||||||||||||||||||||||||||
| 2016 Equity Compensation Plan [Member] | |||||||||||||||||||||||||||
| Balance outstanding, RSUs (in shares) | [5] | 993,925 | |||||||||||||||||||||||||
| Balance outstanding, Aggregate Fair Value RSUs | $ 5,780 | ||||||||||||||||||||||||||
| October 15, 2015 [Member] | Management Incentive Plan 2014 [Member] | |||||||||||||||||||||||||||
| Issued, RSUs (in shares) | [1] | (1,335) | |||||||||||||||||||||||||
| June 12, 2016 [Member] | Management Incentive Plan 2014 [Member] | |||||||||||||||||||||||||||
| Issued, RSUs (in shares) | [1],[3] | (688) | |||||||||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | October 15, 2014 [Member] | Management Incentive Plan 2014 [Member] | |||||||||||||||||||||||||||
| Granted, RSUs (in shares) | [1] | 27,027 | |||||||||||||||||||||||||
| Granted, Exercise Price on Grant Date RSUs (in dollars per share) | $ 329.60 | ||||||||||||||||||||||||||
| Granted, Aggregate Fair Value RSUs | $ 8,900 | ||||||||||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | December 2, 2014 [Member] | Management Incentive Plan 2014 [Member] | |||||||||||||||||||||||||||
| Granted, RSUs (in shares) | [1] | 18,018 | |||||||||||||||||||||||||
| Granted, Exercise Price on Grant Date RSUs (in dollars per share) | $ 275.60 | ||||||||||||||||||||||||||
| Granted, Aggregate Fair Value RSUs | $ 5,000 | ||||||||||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | June 12, 2015 [Member] | Management Incentive Plan 2014 [Member] | |||||||||||||||||||||||||||
| Granted, RSUs (in shares) | [1] | 2,750 | |||||||||||||||||||||||||
| Granted, Exercise Price on Grant Date RSUs (in dollars per share) | $ 179.60 | ||||||||||||||||||||||||||
| Granted, Aggregate Fair Value RSUs | $ 500 | ||||||||||||||||||||||||||
| 100% on Third Anniversary Date [Member] | November 7, 2016 [Member] | Management Incentive Plan 2014 [Member] | Chief Financial Officer [Member] | |||||||||||||||||||||||||||
| Granted, RSUs (in shares) | [4] | 233,863 | |||||||||||||||||||||||||
| Granted, Exercise Price on Grant Date RSUs (in dollars per share) | $ 4.24 | ||||||||||||||||||||||||||
| Granted, Aggregate Fair Value RSUs | $ 1,000 | ||||||||||||||||||||||||||
| 100% on Third Anniversary Date [Member] | September 29, 2015 [Member] | Management Incentive Plan 2014 [Member] | |||||||||||||||||||||||||||
| Granted, RSUs (in shares) | [1],[3] | 16,250 | |||||||||||||||||||||||||
| Granted, Exercise Price on Grant Date RSUs (in dollars per share) | $ 117.40 | ||||||||||||||||||||||||||
| Granted, Aggregate Fair Value RSUs | $ 1,900 | ||||||||||||||||||||||||||
| 100% on Third Anniversary Date [Member] | November 13, 2015 [Member] | Management Incentive Plan 2014 [Member] | |||||||||||||||||||||||||||
| Granted, RSUs (in shares) | [1],[3] | 5,000 | |||||||||||||||||||||||||
| Granted, Exercise Price on Grant Date RSUs (in dollars per share) | $ 78.40 | ||||||||||||||||||||||||||
| Granted, Aggregate Fair Value RSUs | $ 400 | ||||||||||||||||||||||||||
| 100% on September 1, 2018 [Member] | December 15, 2016, Group 1 [Member] | 2016 Equity Compensation Plan [Member] | |||||||||||||||||||||||||||
| Granted, RSUs (in shares) | [5] | 760,056 | |||||||||||||||||||||||||
| Granted, Exercise Price on Grant Date RSUs (in dollars per share) | $ 5.90 | ||||||||||||||||||||||||||
| Granted, Aggregate Fair Value RSUs | $ 4,400 | ||||||||||||||||||||||||||
| 100% on October 14, 2018 [Member] | December 15, 2015, Group 2 [Member | 2016 Equity Compensation Plan [Member] | |||||||||||||||||||||||||||
| Granted, RSUs (in shares) | [5] | 233,869 | |||||||||||||||||||||||||
| Granted, Exercise Price on Grant Date RSUs (in dollars per share) | $ 5.90 | ||||||||||||||||||||||||||
| Granted, Aggregate Fair Value RSUs | $ 1,380 | ||||||||||||||||||||||||||
| 100% on First Anniversary Date [Member] | November 7, 2016 [Member] | Management Incentive Plan 2014 [Member] | |||||||||||||||||||||||||||
| Granted, RSUs (in shares) | [1],[6] | 131,197 | |||||||||||||||||||||||||
| Granted, Exercise Price on Grant Date RSUs (in dollars per share) | $ 4.24 | ||||||||||||||||||||||||||
| Granted, Aggregate Fair Value RSUs | $ 600 | ||||||||||||||||||||||||||
| 100% on First Anniversary Date [Member] | December 15, 2016 [Member] | Management Incentive Plan 2014 [Member] | |||||||||||||||||||||||||||
| Granted, RSUs (in shares) | [1],[6] | 50,000 | |||||||||||||||||||||||||
| Granted, Exercise Price on Grant Date RSUs (in dollars per share) | $ 5.90 | ||||||||||||||||||||||||||
| Granted, Aggregate Fair Value RSUs | $ 300 | ||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were cancelled during the reporting period. No definition available.
|
| X | ||||||||||
- Definition Aggregate Fair value of share-based awards forfeited in the period for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash. No definition available.
|
| X | ||||||||||
- Definition Aggregate Fair value of share-based awards forfeited in the period for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash. No definition available.
|
| X | ||||||||||
- Definition Aggregate Fair value of share-based awards grants in the period for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash. No definition available.
|
| X | ||||||||||
- Definition The exercise price at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). No definition available.
|
| X | ||||||||||
- Definition The number of shares issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). No definition available.
|
| X | ||||||||||
- Definition The exercise price at grant date for nonvested equity-based awards outstanding during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). No definition available.
|
| X | ||||||||||
- Definition Aggregate Fair value of share-based awards grants outstanding for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash. No definition available.
|
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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Note 15 - Stock Incentive Plans - Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 15, 2016 |
Nov. 07, 2016 |
Nov. 15, 2015 |
Sep. 29, 2015 |
Dec. 02, 2014 |
Oct. 15, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
||||||||||||
| Chief Financial Officer [Member] | ||||||||||||||||||||
| Granted, Options (in shares) | 280,000 | |||||||||||||||||||
| Management Incentive Plan 2014 [Member] | Employee Stock Option [Member] | Successor [Member] | ||||||||||||||||||||
| Balance Outstanding, Options (in shares) | [1] | 6,738 | 62,276 | 123,874 | ||||||||||||||||
| Balance Outstanding, Aggregate Fair Value | $ 780 | $ 2,370 | $ 10,780 | |||||||||||||||||
| Forfeited, Options (in shares) | [1] | (13,038) | (97,507) | |||||||||||||||||
| Forfeited, Aggregate Fair Value | $ (920) | $ (8,890) | ||||||||||||||||||
| Vested, Options (in shares) | [1] | (6,591) | ||||||||||||||||||
| Vested, Aggregate Fair Value | $ (470) | |||||||||||||||||||
| Cancelled, Options (in shares) | [1],[2] | (42,500) | ||||||||||||||||||
| Cancelled, Aggregate Fair Value | $ (670) | |||||||||||||||||||
| Management Incentive Plan 2014 [Member] | Employee Stock Option [Member] | Successor [Member] | Chief Financial Officer [Member] | ||||||||||||||||||||
| Balance Outstanding, Options (in shares) | [3] | 280,000 | ||||||||||||||||||
| Balance Outstanding, Aggregate Fair Value | $ 530 | |||||||||||||||||||
| 2016 Equity Compensation Plan [Member] | Employee Stock Option [Member] | Successor [Member] | ||||||||||||||||||||
| Balance Outstanding, Options (in shares) | [4] | 1,656,171 | ||||||||||||||||||
| Balance Outstanding, Aggregate Fair Value | [5] | $ 5,170 | ||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | October 15, 2014, Group 1 [Member] | Management Incentive Plan 2014 [Member] | Employee Stock Option [Member] | Successor [Member] | ||||||||||||||||||||
| Granted, Options (in shares) | [1] | 33,784 | ||||||||||||||||||
| Granted, Exercise Price on Grant Date (in dollars per share) | [1] | $ 360 | ||||||||||||||||||
| Expiration (Year) | 5 years | |||||||||||||||||||
| Risk Free Interest Rate | 1.29% | |||||||||||||||||||
| Volatility | 43.00% | |||||||||||||||||||
| Dividend Rate | 0.00% | |||||||||||||||||||
| Granted, Fair Value of Options (in dollars per share) | $ 5.80 | |||||||||||||||||||
| Granted, Aggregate Fair Value | $ 3,920 | |||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | November 7, 2016 [Member] | Management Incentive Plan 2014 [Member] | Employee Stock Option [Member] | Successor [Member] | Chief Financial Officer [Member] | ||||||||||||||||||||
| Granted, Options (in shares) | [3] | 280,000 | ||||||||||||||||||
| Granted, Exercise Price on Grant Date (in dollars per share) | [3] | $ 4.28 | ||||||||||||||||||
| Expiration (Year) | 5 years | |||||||||||||||||||
| Risk Free Interest Rate | 1.10% | |||||||||||||||||||
| Volatility | 61.00% | |||||||||||||||||||
| Dividend Rate | 0.00% | |||||||||||||||||||
| Granted, Fair Value of Options (in dollars per share) | $ 1.91 | |||||||||||||||||||
| Granted, Aggregate Fair Value | $ 530 | |||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | December 15, 2016, Group 1 [Member] | 2016 Equity Compensation Plan [Member] | Employee Stock Option [Member] | Successor [Member] | ||||||||||||||||||||
| Granted, Options (in shares) | [4] | 1,266,476 | ||||||||||||||||||
| Granted, Exercise Price on Grant Date (in dollars per share) | $ 4.28 | |||||||||||||||||||
| Expiration (Year) | 5 years | |||||||||||||||||||
| Risk Free Interest Rate | 1.79% | |||||||||||||||||||
| Volatility | 62.00% | |||||||||||||||||||
| Dividend Rate | 0.00% | |||||||||||||||||||
| Granted, Fair Value of Options (in dollars per share) | $ 3.12 | |||||||||||||||||||
| Granted, Aggregate Fair Value | [5] | $ 3,960 | ||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | October 15, 2014, Group 2 [Member] | Management Incentive Plan 2014 [Member] | Employee Stock Option [Member] | Successor [Member] | ||||||||||||||||||||
| Granted, Options (in shares) | [1] | 40,540 | ||||||||||||||||||
| Granted, Exercise Price on Grant Date (in dollars per share) | $ 505 | |||||||||||||||||||
| Expiration (Year) | 5 years | |||||||||||||||||||
| Risk Free Interest Rate | 1.29% | |||||||||||||||||||
| Volatility | 43.00% | |||||||||||||||||||
| Dividend Rate | 0.00% | |||||||||||||||||||
| Granted, Fair Value of Options (in dollars per share) | $ 4.12 | |||||||||||||||||||
| Granted, Aggregate Fair Value | $ 3,340 | |||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | December 15, 2015, Group 2 [Member | 2016 Equity Compensation Plan [Member] | Employee Stock Option [Member] | Successor [Member] | ||||||||||||||||||||
| Granted, Options (in shares) | [4] | 389,695 | ||||||||||||||||||
| Granted, Exercise Price on Grant Date (in dollars per share) | $ 4.28 | |||||||||||||||||||
| Expiration (Year) | 5 years | |||||||||||||||||||
| Risk Free Interest Rate | 1.79% | |||||||||||||||||||
| Volatility | 62.00% | |||||||||||||||||||
| Dividend Rate | 0.00% | |||||||||||||||||||
| Granted, Fair Value of Options (in dollars per share) | $ 3.14 | |||||||||||||||||||
| Granted, Aggregate Fair Value | [5] | $ 1,210 | ||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | December 2, 2014, Group 1[Member] | Management Incentive Plan 2014 [Member] | Employee Stock Option [Member] | Successor [Member] | ||||||||||||||||||||
| Granted, Options (in shares) | [1] | 22,523 | ||||||||||||||||||
| Granted, Exercise Price on Grant Date (in dollars per share) | [1] | $ 360 | ||||||||||||||||||
| Expiration (Year) | 5 years | |||||||||||||||||||
| Risk Free Interest Rate | 1.51% | |||||||||||||||||||
| Volatility | 44.00% | |||||||||||||||||||
| Dividend Rate | 0.00% | |||||||||||||||||||
| Granted, Fair Value of Options (in dollars per share) | $ 4.26 | |||||||||||||||||||
| Granted, Aggregate Fair Value | $ 1,920 | |||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | December 2, 2014, Group 2 [Member | Management Incentive Plan 2014 [Member] | Employee Stock Option [Member] | Successor [Member] | ||||||||||||||||||||
| Granted, Options (in shares) | [1] | 27,027 | ||||||||||||||||||
| Granted, Exercise Price on Grant Date (in dollars per share) | [1] | $ 505 | ||||||||||||||||||
| Expiration (Year) | 5 years | |||||||||||||||||||
| Risk Free Interest Rate | 1.51% | |||||||||||||||||||
| Volatility | 44.00% | |||||||||||||||||||
| Dividend Rate | 0.00% | |||||||||||||||||||
| Granted, Fair Value of Options (in dollars per share) | $ 2.95 | |||||||||||||||||||
| Granted, Aggregate Fair Value | $ 1,600 | |||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | September 29, 2015, Group 1 [Member] | Management Incentive Plan 2014 [Member] | Employee Stock Option [Member] | Successor [Member] | ||||||||||||||||||||
| Granted, Options (in shares) | [1],[2] | 16,250 | ||||||||||||||||||
| Granted, Exercise Price on Grant Date (in dollars per share) | [1],[2] | $ 117.40 | ||||||||||||||||||
| Expiration (Year) | 5 years | |||||||||||||||||||
| Risk Free Interest Rate | 1.09% | |||||||||||||||||||
| Volatility | 42.00% | |||||||||||||||||||
| Dividend Rate | 0.00% | |||||||||||||||||||
| Granted, Fair Value of Options (in dollars per share) | $ 38.38 | |||||||||||||||||||
| Granted, Aggregate Fair Value | $ 630 | |||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | September 29, 2015, Group 2 [Member] | Management Incentive Plan 2014 [Member] | Employee Stock Option [Member] | Successor [Member] | ||||||||||||||||||||
| Granted, Options (in shares) | [1],[2] | 16,250 | ||||||||||||||||||
| Granted, Exercise Price on Grant Date (in dollars per share) | [1],[2] | $ 260 | ||||||||||||||||||
| Expiration (Year) | 5 years | |||||||||||||||||||
| Risk Free Interest Rate | 1.09% | |||||||||||||||||||
| Volatility | 42.00% | |||||||||||||||||||
| Dividend Rate | 0.00% | |||||||||||||||||||
| Granted, Fair Value of Options (in dollars per share) | $ 12.32 | |||||||||||||||||||
| Granted, Aggregate Fair Value | $ 200 | |||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | November 15, 2015, Group 1 [Member] | Management Incentive Plan 2014 [Member] | Employee Stock Option [Member] | Successor [Member] | ||||||||||||||||||||
| Granted, Options (in shares) | [1],[2] | 5,000 | ||||||||||||||||||
| Granted, Exercise Price on Grant Date (in dollars per share) | [1],[2] | $ 78.40 | ||||||||||||||||||
| Expiration (Year) | 5 years | |||||||||||||||||||
| Risk Free Interest Rate | 1.37% | |||||||||||||||||||
| Volatility | 43.00% | |||||||||||||||||||
| Dividend Rate | 0.00% | |||||||||||||||||||
| Granted, Fair Value of Options (in dollars per share) | $ 26.49 | |||||||||||||||||||
| Granted, Aggregate Fair Value | $ 100 | |||||||||||||||||||
| 25% Annually Over Four Year Term [Member] | November 15, 2015, Group 2 [Member] | Management Incentive Plan 2014 [Member] | Employee Stock Option [Member] | Successor [Member] | ||||||||||||||||||||
| Granted, Options (in shares) | [1],[2] | 5,000 | ||||||||||||||||||
| Granted, Exercise Price on Grant Date (in dollars per share) | [1],[2] | $ 260 | ||||||||||||||||||
| Expiration (Year) | 5 years | |||||||||||||||||||
| Risk Free Interest Rate | 1.37% | |||||||||||||||||||
| Volatility | 43.00% | |||||||||||||||||||
| Dividend Rate | 0.00% | |||||||||||||||||||
| Granted, Fair Value of Options (in dollars per share) | $ 4.05 | |||||||||||||||||||
| Granted, Aggregate Fair Value | $ 20 | |||||||||||||||||||
| ||||||||||||||||||||
| X | ||||||||||
- Definition Amount by which the aggregate fair value of the options cancelled during the period. No definition available.
|
| X | ||||||||||
- Definition Amount by which the aggregate fair value of the options forfeited during the period. No definition available.
|
| X | ||||||||||
- Definition Amount by which the aggregate fair value of the options granted during the period. No definition available.
|
| X | ||||||||||
- Definition Amount by which the aggregate fair value of the options outstanding. No definition available.
|
| X | ||||||||||
- Definition Amount by which the aggregate fair value of vested options. No definition available.
|
| X | ||||||||||
- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of options or other stock instruments for which the right to exercise has lapsed under the terms of the plan agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Gross number of share options (or share units) granted during the period. No definition available.
|
| X | ||||||||||
- Definition The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
|
| X | ||||||||||
- Definition Period from grant date that an equity-based award expires, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of options vested. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
- Details
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
- Details
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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Note 15 - Stock Incentive Plans - Non-cash Compensation Expenses (Details) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Dec. 31, 2014 |
Oct. 15, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Successor [Member] | Management Incentive Plan 2014 [Member] | ||||
| Non-cash compensation expense | $ 2,121,505 | $ 624,099 | $ 3,969,989 | |
| Allocated Share-based Compensation Expense | 2,121,505 | 624,099 | 3,969,989 | |
| Successor [Member] | Management Incentive Plan 2014 [Member] | Chief Financial Officer [Member] | ||||
| Non-cash compensation expense | 89,437 | |||
| Allocated Share-based Compensation Expense | 89,437 | |||
| Successor [Member] | 2016 Equity Compensation Plan [Member] | ||||
| Non-cash compensation expense | 1,493,154 | |||
| Allocated Share-based Compensation Expense | 1,493,154 | |||
| Predecessor [Member] | Management Incentive Plan 2014 [Member] | ||||
| Non-cash compensation expense | $ 1,072,383 | |||
| Allocated Share-based Compensation Expense | 1,072,383 | |||
| Predecessor [Member] | Management Incentive Plan 2014 [Member] | Chief Financial Officer [Member] | ||||
| Non-cash compensation expense | ||||
| Allocated Share-based Compensation Expense | ||||
| Predecessor [Member] | 2016 Equity Compensation Plan [Member] | ||||
| Non-cash compensation expense | ||||
| Allocated Share-based Compensation Expense | ||||
| Stock Awards and Stock Option Plans [Member] | General and Administrative Expense [Member] | Successor [Member] | Management Incentive Plan 2014 [Member] | ||||
| Non-cash compensation expense | 2,121,505 | 624,099 | 3,969,989 | |
| Allocated Share-based Compensation Expense | 2,121,505 | 624,099 | 3,969,989 | |
| Stock Awards and Stock Option Plans [Member] | General and Administrative Expense [Member] | Successor [Member] | Management Incentive Plan 2014 [Member] | Chief Financial Officer [Member] | ||||
| Non-cash compensation expense | 89,437 | |||
| Allocated Share-based Compensation Expense | 89,437 | |||
| Stock Awards and Stock Option Plans [Member] | General and Administrative Expense [Member] | Successor [Member] | 2016 Equity Compensation Plan [Member] | ||||
| Non-cash compensation expense | 1,493,154 | |||
| Allocated Share-based Compensation Expense | $ 1,493,154 | |||
| Stock Awards and Stock Option Plans [Member] | General and Administrative Expense [Member] | Predecessor [Member] | Management Incentive Plan 2014 [Member] | ||||
| Non-cash compensation expense | 1,072,383 | |||
| Allocated Share-based Compensation Expense | 1,072,383 | |||
| Stock Awards and Stock Option Plans [Member] | General and Administrative Expense [Member] | Predecessor [Member] | Management Incentive Plan 2014 [Member] | Chief Financial Officer [Member] | ||||
| Non-cash compensation expense | ||||
| Allocated Share-based Compensation Expense | ||||
| Stock Awards and Stock Option Plans [Member] | General and Administrative Expense [Member] | Predecessor [Member] | 2016 Equity Compensation Plan [Member] | ||||
| Non-cash compensation expense | ||||
| Allocated Share-based Compensation Expense | ||||
| X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
Note 16 - Employee Benefit Plan (Details Textual) - USD ($) |
3 Months Ended | 10 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Dec. 31, 2014 |
Oct. 31, 2010 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Successor [Member] | General and Administrative Expense [Member] | ||||
| Defined Contribution Plan, Cost Recognized | $ 43,333 | $ 167,778 | $ 212,223 | |
| Predecessor [Member] | General and Administrative Expense [Member] | ||||
| Defined Contribution Plan, Cost Recognized | $ 157,078 | |||
| First 3% of Employee's Salary [Member] | ||||
| Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 100.00% | |||
| Matched at 100% [Member] | ||||
| Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 3.00% | |||
| Next 2% of Employee's Salary [Member] | ||||
| Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 50.00% | |||
| Matched at 50% [Member] | ||||
| Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 2.00% | |||
| X | ||||||||||
- Definition The amount of the cost recognized during the period for defined contribution plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of employees' gross pay for which the employer contributes a matching contribution to a defined contribution plan. No definition available.
|
| X | ||||||||||
- Definition Percentage employer matches of the employee's percentage contribution matched. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 17 - 2016 and 2015 Quarterly Results of Operations (Unaudited) (Details Textual) |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Aug. 05, 2016 |
Dec. 31, 2016
USD ($)
|
Sep. 30, 2016
$ / shares
|
Mar. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Sep. 30, 2016
$ / shares
|
|
| Impairment of Long-Lived Assets Held-for-use | $ | $ 122,860,600 | $ 6,167,262 | $ 50,872,734 | |||
| Reverse Stock Split [Member] | ||||||
| Stockholders' Equity Note, Stock Split, Conversion Ratio | 20 | |||||
| Correction of Clerical Error [Member] | ||||||
| Earnings Per Share, Basic and Diluted | $ 0.65 | $ 7.17 | ||||
| Scenario, Previously Reported [Member] | Correction of Clerical Error [Member] | ||||||
| Earnings Per Share, Basic and Diluted | $ 0.52 | $ 3.94 | ||||
| X | ||||||||||
- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
|
| X | ||||||||||
- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Ratio applied to the conversion of stock split, for example but not limited to, one share converted to two or two shares converted to one. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 17 - 2016 and 2015 Quarterly Results of Operations (Unaudited) - Consolidated Statement of Operations (Unaudited) (Details) - USD ($) |
3 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
|
| Revenues | $ 41,835,941 | $ 35,788,181 | $ 25,590,434 | $ 21,278,288 | $ 25,740,856 | $ 29,127,482 | $ 22,657,372 | $ 26,331,166 |
| Total Operating Expenses | 177,607,218 | 47,512,409 | 42,882,423 | 57,742,766 | 102,409,040 | 46,135,325 | 47,011,056 | 43,839,019 |
| Operating Loss | (135,771,277) | (11,724,228) | (17,291,989) | (36,464,478) | (76,668,184) | (17,007,843) | (24,353,684) | (17,507,853) |
| Net loss | $ (142,389,148) | $ (19,359,044) | $ (22,495,573) | $ (39,278,670) | $ (79,744,981) | $ (20,376,620) | $ (27,508,300) | $ (20,667,064) |
| Basic Loss Per Share (in dollars per share) | $ (2.96) | $ (0.65) | $ (9.98) | $ (20.77) | $ (42.37) | $ (10.83) | $ (14.62) | $ (11.01) |
| Diluted Loss Per Share (in dollars per share) | $ (2.96) | $ (0.65) | $ (9.98) | $ (20.77) | $ (42.37) | $ (10.83) | $ (14.62) | $ (11.01) |
| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 18 - Bankruptcy (Details Textual) - USD ($) |
1 Months Ended | 13 Months Ended | |||
|---|---|---|---|---|---|
Oct. 15, 2014 |
Oct. 09, 2014 |
Oct. 15, 2014 |
Oct. 15, 2015 |
Oct. 15, 2019 |
|
| Management Incentive Plan 2014 [Member] | |||||
| Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | ||||
| Restructuring Support Agreement and Plan of Reorganization [Member] | Management Incentive Plan 2014 [Member] | |||||
| Reorganization, Share-based Compensation Diluted Effect, Percentage of Reorganized Company Common Stock | 2.00% | 2.00% | |||
| Reorganization, Share-based Compensation Diluted Effect, Percentage of New Company Common Stock | 5.50% | 5.50% | |||
| Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | ||||
| Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | ||||
| Restructuring Support Agreement and Plan of Reorganization [Member] | New Eagle Equity Warrants [Member] | |||||
| Warrant Term | 7 years | ||||
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 556.40 | ||||
| Restructuring Support Agreement and Plan of Reorganization [Member] | Holders of Equity Interests [Member] | |||||
| Reorganization, Percentage of Common Stock | 0.50% | 0.50% | |||
| Restructuring Support Agreement and Plan of Reorganization [Member] | Holders of Equity Interests [Member] | New Eagle Equity Warrants [Member] | |||||
| Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 152,266 | 152,266 | |||
| Warrant Term | 7 years | ||||
| Restructuring Support Agreement and Plan of Reorganization [Member] | Holders of Loans and Other Obligations [Member] | |||||
| Reorganization, Percentage of Common Stock | 99.50% | 99.50% | |||
| Revolving Credit Facility [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | |||||
| Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 40.00% | ||||
| Scenario, Forecast [Member] | Line of Credit [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | |||||
| Line of Credit Facility, Maximum Borrowing Capacity | $ 275,000,000 | ||||
| Scenario, Forecast [Member] | Revolving Credit Facility [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | |||||
| Line of Credit Facility, Maximum Borrowing Capacity | $ 50,000,000 |
| X | ||||||||||
- Definition The percentage of common stock would received by a counter party after reorganization. No definition available.
|
| X | ||||||||||
- Definition The diluted effect of the Share-based compensation of the reorganized company in percentage of common stock. No definition available.
|
| X | ||||||||||
- Definition The diluted effect of the Share-based compensation of the new company in percentage of common stock. No definition available.
|
| X | ||||||||||
- Definition Term of a warrant, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
| X | ||||||||||
- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. No definition available.
|
| X | ||||||||||
- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of vesting of share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 19 - Condensed Financial Information for Eagle Bulk Shipping Inc. (Parent Company Only) (Details Textual) |
3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jan. 20, 2017
USD ($)
$ / shares
shares
|
Sep. 07, 2016
USD ($)
|
Aug. 10, 2016
USD ($)
shares
|
Aug. 05, 2016
$ / shares
|
Jul. 10, 2016
USD ($)
$ / shares
|
Jul. 10, 2016
USD ($)
$ / shares
|
May 26, 2016
USD ($)
$ / shares
shares
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2016
USD ($)
$ / shares
|
Dec. 31, 2015
USD ($)
$ / shares
|
Aug. 02, 2016
$ / shares
|
|
| Preferred Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | ||||||||||
| Parent Company [Member] | |||||||||||
| Preferred Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | $ 0.01 | |||||||||
| Proceeds from Issuance of Common Stock | $ 85,700,535 | ||||||||||
| Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | $ 0.01 | |||||||||
| Obligations Reduction | $ 237,000,000 | ||||||||||
| Stock Granted, Value, Share-based Compensation, Gross | $ 2,000,000 | $ 20,000,000 | $ 4,000,000 | ||||||||
| Common Stock Purchase Agreements [Member] | |||||||||||
| Common Stock Offering, Ownership Percentage Before Transaction | 70.00% | 70.00% | |||||||||
| Proceeds from Issuance of Common Stock, Gross | $ 88,000,000 | $ 88,000,000 | |||||||||
| Shares Issued, Price Per Share | $ / shares | $ 3 | $ 0.15 | $ 0.15 | ||||||||
| Proceeds from Issuance of Common Stock | $ 85,700,000 | ||||||||||
| Stock Issued During Period, Shares, New Issues | shares | 29,333,318 | ||||||||||
| December Private Placement [Member] | Subsequent Event [Member] | |||||||||||
| Proceeds from Issuance of Common Stock, Gross | $ 100,000,000 | ||||||||||
| Shares Issued, Price Per Share | $ / shares | $ 4.50 | ||||||||||
| Proceeds from Issuance of Common Stock | $ 95,000,000 | ||||||||||
| Stock Issued During Period, Shares, New Issues | shares | 22,200,000 | ||||||||||
| Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | ||||||||||
| Other Expense [Member] | |||||||||||
| Termination Payment, Amount | $ 125,255 | ||||||||||
| Series A Preferred Stock [Member] | |||||||||||
| Preferred Stock, Dividend Rate, Percentage | 15.00% | ||||||||||
| Preferred Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | ||||||||||
| Preferred Stock, Purchase Price Per Share | shares | 1,000 | ||||||||||
| Preferred Stock, Original Issue Discount, Percentage | 1.00% | ||||||||||
| Estimated Aggregate Gross Proceeds from Issuance of Preferred Stock | $ 6,300,000 | ||||||||||
| Reverse Stock Split [Member] | |||||||||||
| Stockholders' Equity Note, Stock Split, Conversion Ratio | 20 | ||||||||||
| X | ||||||||||
- Definition The percentage of the company's common stock held by the purchasers before the common stock offering. No definition available.
|
| X | ||||||||||
- Definition The estimated amount of gross proceeds from the issuance of preferred stock. No definition available.
|
| X | ||||||||||
- Definition The value of obligations retired (or transferred to another entity) in noncash investing or financing transactions. No definition available.
|
| X | ||||||||||
- Definition The percentage of original issue discount on the issue price of preferred stock. No definition available.
|
| X | ||||||||||
- Definition Purchase price per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. No definition available.
|
| X | ||||||||||
- Definition The gross proceeds from the issuance of common stock before relative issuance expenses. No definition available.
|
| X | ||||||||||
- Definition Amount of termination payments during the period. No definition available.
|
| X | ||||||||||
- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The percentage rate used to calculate dividend payments on preferred stock. No definition available.
|
| X | ||||||||||
- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Per share or per unit amount of equity securities issued. No definition available.
|
| X | ||||||||||
- Definition Value, before forfeitures, of stock or other type of equity granted of any equity-based compensation plan other than an employee stock ownership plan (ESOP). No definition available.
|
| X | ||||||||||
- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Ratio applied to the conversion of stock split, for example but not limited to, one share converted to two or two shares converted to one. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Note 19 - Condensed Financial Information for Eagle Bulk Shipping Inc. (Parent Company Only) - Consolidated Balance Sheets (Parent Company Only) (Details) - USD ($) |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Oct. 15, 2014 |
|---|---|---|---|---|
| Noncurrent liabilities: | ||||
| Commitment and contingencies | ||||
| Parent Company [Member] | ||||
| Current assets: | ||||
| Cash and cash equivalents | 62,326,786 | 22,104,462 | $ 26,907,247 | $ 34,717,943 |
| Prepaid expenses | 376,215 | 411,214 | ||
| Total current assets | 62,703,001 | 22,515,676 | ||
| Noncurrent assets: | ||||
| Investment in subsidiaries* | 338,340,211 | 737,821,862 | ||
| Other assets | 310,000 | |||
| Total noncurrent assets | 338,650,211 | 737,821,862 | ||
| Total assets | 401,353,212 | 760,337,538 | ||
| Current liabilities: | ||||
| Accounts payable | 189,039 | 366,603 | ||
| Accrued interest | 401,232 | |||
| Current portion of long-term debt | 15,625,000 | |||
| Other accrued liabilities | 681,534 | 22,750 | ||
| Total current liabilities | 870,573 | 16,415,585 | ||
| Noncurrent liabilities: | ||||
| Total debt | 225,577,491 | |||
| Total noncurrent liabilities | 225,577,491 | |||
| Total liabilities | 870,573 | 241,993,076 | ||
| Commitment and contingencies | ||||
| Stockholders' equity: | ||||
| Preferred stock, $.01 par value, 25,000,000 shares authorized, none issued as of December 31, 2016 | ||||
| Common stock, $0.01 par value, 700,000,000 shares authorized, 48,106,827 and 1,883,303 shares issued and outstanding as of December 31, 2016 and 2015, respectively | 481,069 | 18,833 | ||
| Additional paid-in capital | 783,369,698 | 678,171,322 | ||
| Accumulated deficit | (383,368,128) | (159,845,693) | ||
| Total stockholders' equity | 400,482,639 | 518,344,462 | ||
| Total liabilities and stockholders' equity | $ 401,353,212 | $ 760,337,538 |
| X | ||||||||||
- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of expenses incurred but not yet paid classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Details
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Note 19 - Condensed Financial Information for Eagle Bulk Shipping Inc. (Parent Company Only) - Consolidated Balance Sheets (Parent Company Only) (Details) (Parentheticals) - $ / shares |
Dec. 31, 2016 |
Aug. 02, 2016 |
Aug. 01, 2016 |
Dec. 31, 2015 |
|---|---|---|---|---|
| Preferred stock, par value (in dollars per share) | $ 0.01 | |||
| Preferred stock, shares authorized (in shares) | 25,000,000 | |||
| Common stock, shares authorized (in shares) | 700,000,000 | 150,000,000 | ||
| Parent Company [Member] | ||||
| Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | ||
| Preferred stock, shares authorized (in shares) | 25,000,000 | 25,000,000 | ||
| Preferred stock, shares issued (in shares) | 0 | 0 | ||
| Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | ||
| Common stock, shares authorized (in shares) | 700,000,000 | 700,000,000 | ||
| Common stock, shares issued (in shares) | 48,106,827 | 1,883,303 | ||
| Common stock, shares outstanding (in shares) | 48,106,827 | 1,883,303 |
| X | ||||||||||
- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Details
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Note 19 - Condensed Financial Information for Eagle Bulk Shipping Inc. (Parent Company Only) - Consolidated Statement of Operations (Parent Company Only) (Details) - USD ($) |
3 Months Ended | 12 Months Ended | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||||
| Total operating expenses | $ 177,607,218 | $ 47,512,409 | $ 42,882,423 | $ 57,742,766 | $ 102,409,040 | $ 46,135,325 | $ 47,011,056 | $ 43,839,019 | ||||||||
| Operating loss | (135,771,277) | (11,724,228) | (17,291,989) | (36,464,478) | (76,668,184) | (17,007,843) | (24,353,684) | (17,507,853) | ||||||||
| Net loss | $ (142,389,148) | $ (19,359,044) | $ (22,495,573) | $ (39,278,670) | $ (79,744,981) | $ (20,376,620) | $ (27,508,300) | $ (20,667,064) | ||||||||
| Per share amounts: | ||||||||||||||||
| Basic Loss Per Share (in dollars per share) | $ (2.96) | $ (0.65) | $ (9.98) | $ (20.77) | $ (42.37) | $ (10.83) | $ (14.62) | $ (11.01) | ||||||||
| Diluted Loss Per Share (in dollars per share) | $ (2.96) | $ (0.65) | $ (9.98) | $ (20.77) | $ (42.37) | $ (10.83) | $ (14.62) | $ (11.01) | ||||||||
| Parent Company [Member] | ||||||||||||||||
| General and administrative expenses | $ 313,877 | $ 2,101,094 | $ 2,554,795 | |||||||||||||
| Total operating expenses | 313,877 | 2,101,094 | 2,554,795 | |||||||||||||
| Operating loss | (313,877) | (2,101,094) | (2,554,795) | |||||||||||||
| Interest expense | 2,359,326 | 2,817,646 | 11,927,422 | |||||||||||||
| Interest income | (2,238) | (215,433) | (6,222) | |||||||||||||
| Other expense | 125,255 | |||||||||||||||
| Reorganization items, net | 45,542 | |||||||||||||||
| Total other expense (income), net | 2,402,630 | 2,727,468 | 11,921,200 | |||||||||||||
| Equity in net loss of subsidiaries** | [1] | (8,832,221) | (218,693,873) | (133,820,970) | ||||||||||||
| Net loss | $ (11,548,728) | $ (223,522,435) | $ (148,296,965) | |||||||||||||
| Weighted average shares outstanding: | ||||||||||||||||
| Basic* (in shares) | [2] | 1,875,227 | 20,565,652 | 1,880,116 | ||||||||||||
| Diluted* (in shares) | [2] | 1,875,227 | 20,565,652 | 1,880,116 | ||||||||||||
| Per share amounts: | ||||||||||||||||
| Basic Loss Per Share (in dollars per share) | $ (6.16) | $ (10.87) | $ (78.88) | |||||||||||||
| Diluted Loss Per Share (in dollars per share) | $ (6.16) | $ (10.87) | $ (78.88) | |||||||||||||
| ||||||||||||||||
| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
- Definition Amount of expense related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Details
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Note 19 - Condensed Financial Information for Eagle Bulk Shipping Inc. (Parent Company Only) - Consolidated Statement of Cash Flows (Parent Company Only) (Details) - Parent Company [Member] - USD ($) |
3 Months Ended | 12 Months Ended | |
|---|---|---|---|
Dec. 31, 2014 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Net cash (used in) / provided by operating activities | $ (5,013,295) | $ (4,715,072) | $ (18,496,422) |
| Cash flows from investing activities: | |||
| Cash distributed to wholly-owned subsidiaries | (2,797,401) | (36,853,951) | (4,762,134) |
| Net cash used in investing activities | (2,797,401) | (36,853,951) | (4,762,134) |
| Cash flows from financing activities: | |||
| Proceeds from common stock placement, net of issuance costs | 85,700,535 | ||
| Deferred financing costs | (500,000) | ||
| Cash used to settle net share equity awards | (2,938) | (1,419,229) | |
| Net cash provided by financing activities | 81,791,347 | 18,455,771 | |
| Net increase/(decrease) in cash and cash equivalents | (7,810,696) | 40,222,324 | (4,802,785) |
| Cash and cash equivalents at beginning of period | 34,717,943 | 22,104,462 | 26,907,247 |
| Cash and cash equivalents at end of period | 26,907,247 | 62,326,786 | 22,104,462 |
| Supplemental cash flow information: | |||
| Cash paid during the period for interest | 1,586,303 | 2,529,674 | 9,911,793 |
| Term Loan [Member] | |||
| Cash flows from financing activities: | |||
| Repayment of Term Loan | (3,906,250) | (19,625,000) | |
| Revolver Loan [Member] | |||
| Cash flows from financing activities: | |||
| Proceeds from Revolver Loan facility | $ 40,000,000 | ||
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Aggregate cash paid by the entity during the period to settle equity instruments granted under equity-based payment arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The cash inflow from an entity that is affiliated with the entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
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Note 20 - Subsequent Events (Details Textual) - Subsequent Event [Member] - Eagle Bulk Ultraco LLC [Member] $ in Millions |
Feb. 28, 2017
USD ($)
|
|---|---|
| Vessel Agreement, Number of Vessels to be Purchased | 9 |
| Vessel Agreement, Number of Vessels Subject to Certain Customary Conditions | 3 |
| Vessel Agreement, Aggregate Purchase Price | $ 153 |
| Vessel Agreement, Purchase Price of Each Vessel | $ 17 |
| X | ||||||||||
- Definition Represents the amount of aggregate purchase price under a vessel agreement. No definition available.
|
| X | ||||||||||
- Definition Represents the number of vessels subject to certain customary conditions under a vessel agreement. No definition available.
|
| X | ||||||||||
- Definition Represents the number of vessels to be purchased under a vessel agreement. No definition available.
|
| X | ||||||||||
- Definition Represents the purchase price of each vessel under a vessel agreement. No definition available.
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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