Eagle Bulk Shipping (EGLE) 10-K 31 Mar 17 2016 FY Annual report Financial data

Document And Entity Information

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	1,322,439
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	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Dec. 31, 2016	Dec. 31, 2015
Noncurrent assets:
Vessels and vessel improvements, at cost, net of accumulated depreciation of $76,463,743 and $49,148,080, respectively		$ 234,860,600
Noncurrent liabilities:
Commitment and contingencies
Successor [Member]
Current assets:
Cash and cash equivalents		76,516,110	24,896,161
Accounts receivable		5,089,708	7,076,528
Prepaid expenses		3,093,962	3,232,763
Inventories		10,876,713	5,574,406
Vessels held for sale		8,688,601
Other assets		22	245,569
Total current assets		104,265,116	41,025,427
Noncurrent assets:
Vessels and vessel improvements, at cost, net of accumulated depreciation of $76,463,743 and $49,148,080, respectively		567,592,950	733,960,731
Advances for vessel purchase		1,926,886
Other fixed assets, net of accumulated amortization of $307,880 and $159,827, respectively		632,805	220,509
Restricted cash		74,917	141,161
Deferred drydock costs, net		11,507,309	11,146,009
Other assets		381,634	109,287
Total noncurrent assets		582,116,501	745,577,697
Total assets		686,381,617	786,603,124
Current liabilities:
Accounts payable		7,135,156	8,216,473
Accrued interest		28,872	401,232
Other accrued liabilities		11,545,447	10,827,075
Fair value below contract value of time charters acquired		820,313	1,283,926
Unearned charter hire revenue		6,046,032	1,560,402
Current portion of long-term debt			15,625,000
Total current liabilities		25,575,820	37,914,108
Noncurrent liabilities:
Lien Facility, net of debt discount and debt issuance costs		255,943,544	225,577,491
Other liabilities		483,132	672,941
Fair value below contract value of time charters acquired		3,896,482	4,094,122
Total noncurrent liabilities		260,323,158	230,344,554
Total liabilities		285,898,978	268,258,662
Stockholders' equity:
Preferred stock, $.01 par value, 25,000,000 shares authorized, none issued as of December 31, 2016
Common stock, $.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*	[1]	481,069	18,833
Additional paid-in capital*	[1]	783,369,698	678,171,322
Accumulated deficit		(383,368,128)	(159,845,693)
Total stockholders' equity	[2]	400,482,639	518,344,462
Total liabilities and stockholders' equity		686,381,617	786,603,124
Successor [Member] | First Lien Facility [Member]
Noncurrent liabilities:
Lien Facility, net of debt discount and debt issuance costs		204,352,318	225,577,491
Successor [Member] | Second Lien Facility [Member]
Noncurrent liabilities:
Lien Facility, net of debt discount and debt issuance costs		$ 51,591,226
[1]	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.
[2]	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.

Consolidated Balance Sheets (Pa

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

Consolidated Statements of Oper

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)
[1]	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.
[2]	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.

Consolidated Statements of Comp

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)

Consolidated Statements of Chan

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)
[1]	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.

Consolidated Statements of Cash

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

Note 1 - General Information

Note 1 - General Information	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	Note 1. 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 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 The Company is a holding company incorporated in 2005, As of December 31, 2016, 41 39 1 1 2,260,943 8.7 38,000 October 2, 2014 seven The following table represents certain information about the Company's charterers, which individually accounted for more than 10% Percentage of Consolidated Charter Revenue Successor Predecessor 2016 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 Charterer Charterer A - - - 10.5 % Charterer B* - 17.2 % 27.7 % 17.7 % *Includes charter revenue from a pool in which the Company participated.

Note 2 - Corporate Reorganizati

Note 2 - Corporate Reorganization	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Corporate Reorganization [Text Block]	Note 2. Corporate Reorganization : Corporate Reorganization On March 30, 2016, October 9, 2014 March 30, 2016 March 30, 2016, First Lien Facility On March 30, 2016, , 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 March 30, 2016, $201,468,750 $50,000,000 $10,000,000 March 30, 2016 October 15, 2019. $600,000 As of December 31, 2016, $25,000,000. Eagle Shipping’s obligations under the First Lien Facility are secured by a first may first first may 18 ,a first may 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 100% third fourth 2017, 110% 2018 120% 2019 $8,140,000 $185,000 may Upon entering into the A&R First Lien Loan Agreement, Eagle Shipping paid three $11,718,750, $30,158,500, first $3,906,250 June 30, 2017, June 30, 2018 December 31, 2017 December 31, 2018 75% two $15,625,000 $3,906,250 January 15, 2019, April 15, 2019, July 15, 2019, October 15, 2019. Eagle Shipping has prepaid $5,651,000 December 31, 2016 December 31, 2016, $3,786,346 January 15, 2019, April 15, 2019, July 15, 2019, October 15, 2019. December 31, 2016, October 2017 Second Lien Facility On March 30, 2016, $60,000,000 January 14, 2020 (91 14.00% 1.0% 13.00% $30,158,500, three . Eagle Shipping’s obligations under the Second Lien Facility are secured by a second may 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 100% third fourth 2017, 110% 2018 120% 2019 $6,512,000 $148,000 may 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 In connection with the entry into the Second Lien Loan Agreement, on March 30, 2016, 16,889,828 90% 4(a)(2) 1933, In a first 371,276 19.4% second August 2, 2016, 16,420,098 98,454 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 $17.8 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 second . 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.

Note 3 - Equity Offerings

Note 3 - Equity Offerings	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note 3. Preferred Stock Private Placement On May 26, 2016, 4(a)(2) 506 15% $0.01 $1,000.00 1.0% $6.3 On September 7, 2016, $125,255, December 31, 2016. Common Stock Offerings On July 1, 2016 July 10, 2016, 70% $88 $0.15, $3.00 1 20 August 5, 2016. On August 10, 2016, $85 .7 29,333,318 On December 13, 2016, “December 22.2 $0.01 $4.50 $100.0 January 20, 2017, December $95 December Authorized Shares and Reverse Split On August 2, 2016, 150,000,000 700,000,000 US$0.01 25,000,000 On August 5, 2016, 1 20 20 one . The impact of the reverse stock split has been retrospectively applied to all Successor periods in the consolidated financial statements.

Note 4 - Significant Accounting

Note 4 - Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 4. (a) Principles of Consolidation and Fresh Start Accounting: December 31, 2015, October 16, 2014 December 31, 2014 $6.1 $1.2 January 1, 2014 October 15, 2014 $4.7 Upon the Company’s emergence from the Chapter 11 October 15, 2014, 852, Reorganizations 852”). October 15, 2014, October 15, 2014 may October 15, 2014 October 15, 2014. (b) Use of Estimates: (c) Other Comprehensive loss: December 31, 2016 2015. (d) Cash, Cash Equivalents and Restricted Cash: three $74,917 $141,161 December 31, 2016 December 31, 2015, (e) Accounts Receivable: (f) Insurance Claims: (g) Inventories: first first 2015 11, January 1, 2017 (h) Investments: Prior to December 2015, no December 31, 2016 2015. (i) Vessels and vessel improvements, at cost: October 15, 2014, $842,625,000 (j) Vessel lives and Impairment of Long-Lived Assets: 25 $300 15 October 15, 2014, 28 $150 The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may third 2016. December 31, 2016, two 1 five 53,000 second 11 13 53,000 sixteen two December 31, 2016, two $122,860,600 fourth 2016. $234,860,600. 2015, six 2015 $50,872,734. 2015 $76,332,734. first 2016, $6,167,262 six 2015, four two December 31, 2016 (k) Accounting for Drydocking Costs: 30 15 60 15 (l) Deferred Financing Costs: ones $435,816 December 31, 2015 2015 03 2016. (m) Other fixed assets: 3 10 (n) Accounting for Revenues and Expenses Under voyage charters, voyage expenses such as bunkers, port charges, canal tolls, cargo handling operations and brokerage commissions are paid by the Company whereas, under time charters, such voyage costs are paid by the Company's customers. Vessel operating costs include crewing, vessel maintenance and vessel insurance. All voyage and vessel operating expenses are expensed as incurred on an accrual basis, except for commissions. Commissions are recognized over the related time or voyage charter period since commissions are earned as the Company's revenues are earned. Probable losses on voyages are provided for in full at the time such loss can be estimated. For the Company’s vessels operating in a pool, revenues and voyage expenses are pooled and allocated to each pool participant under a time charter agreement basis in accordance with an agreed-upon formula. The formula in the pool agreement for allocating gross shipping revenues net of voyage expenses is based on points allocated to participants’ vessels based on cargo carrying capacity and other technical characteristics, such as speed and fuel consumption. The selection of charterers, negotiation of rates and collection of related receivables and the payment of voyage expenses, which include the cost of bunkers and port expenses, are the responsibility of the pool. The operating costs including crews, maintenance and insurance are typically paid by the owner of the vessel. The pool may (o) Unearned Charter Hire Revenue: (p) Repairs and Maintenance: (q) Protection and Indemnity Insurance: (r) 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. (s) Interest Rate Risk Management: may (t) Federal Taxes: 883 $0.6 $0.3 December 31, 2016 2015, October 16, 2014, 883 (u) 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. Impact of Recently Issued Accounting Standards In May 2014, 2014 09, 2014 09”), 2014 09 five may December 15, 2017, May 2016, 2016 12, 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, 2014 15, December 15, 2016. In July 2015, 2015 11, December 15, 2016 December 15, 2017. January 1, 2017. In February 2016, 2016 02, 2016 02 12 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, 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 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 December 31, 2016. In March 2016, 2016 09, December 15, 2016 In August 2016, 2016 15, 230) zero December 15, 2017 In October 2016, 2016 17, December 15, 2016 In November 2016, 2016 18, December 15, 2017 $74,917 In January 2017, 2017 01, 805).” three December 15, 2017,

Note 5 - Vessels

Note 5 - Vessels	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 5. As of December 31, 2016, 41 October 15, 2014, $842,625,000 third As of December 31, 2015, six six December 31, 2015 $50,872,734. As of March 31, 2016, six first 2016, six March 31, 2016 $6,167,262. six four 2016 two first 2017. two first 2017 December 31, 2016. On April 26, 2016, $2.6 $150,000 second 2016. On June 16, 2016, $3.2 $140,000 second 2016. On July 13, 2016, $3.2 $134,000. On September 6, 2016, $4.0 $316,000 third 2016. On September 30, 2016, 2016 61,000 $18.85 fourth 2016. In November 14, 2016, 2017 64,000 64 $17.9 $1.9 December 31, 2016. first 2017. On December 22, 2016, $5.8 first 2017. $0.1 first 2017. December 31, 2016, On March 15, 2017, $4.8 second 2017. $1.8 second 2017. December 31, 2016, As of December 31, 2016, two December 31, 2016 $122,860,600. Vessels and Vessel Improvements, at December 31, 2015 $ 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 December 31, 2016 $ 567,592,950

Note 6 - Investment

Note 6 - Investment	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Investment [Text Block]	Note 6. Korea Line Corporation (“KLC”) During the year ended December 31, 2015, $7.8 $0.5 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: No. of KLC Shares Cost Basis-Adjusted Fair Value Unrealized Gain/(Loss) reported in OCI Other-than Temporary Loss reported in Earnings-YTD Gain/(Loss) On Sale of KLC Stock-YTD Balance at January 1, 2014 (Predecessor) 566,529 $ 13,817,439 $ 13,817,439 $ (18,414,366 ) $ (417,966 ) Fair Value-Adjustments, net (442,288 ) (442,288 ) Fair Value-Adjustments, net 210,293 210,293 Reorganization Adjustment (231,995 ) 231,995 Balance at October 16, 2014 (Successor) 566,529 13,585,444 13,585,444 - KLC Stock sold (179,076 ) (4,294,267 ) (4,294,267 ) Other-than-Temporary Loss Adjustments (990,437 ) (990,437 ) (990,437 ) - Balance at December 31, 2014 (Successor) 387,453 8,300,740 8,300,740 (990,437 ) KLC Stock sold (387,453 ) $ (8,300,740 ) $ (7,838,346 ) Loss on sale of KLC stock (462,394 ) $ (462,394 ) Balance at December 31, 2015 (Successor) - $ - $ - $ - - $ (462,394 )

Note 7 - Deferred Drydock Costs

Note 7 - Deferred Drydock Costs	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Deferred Drydock Costs Disclosure [Text Block]	Note 7. Drydocking activity is summarized as follows: Successor Predecessor 2016 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 Beginning Balance $ 11,146,009 $ 1,960,792 $ - $ 3,826,685 Payment for drydocking 3,688,711 11,141,561 1,960,792 3,802,795 Drydock amortization (3,327,411 ) (1,956,344 ) - (2,521,478 ) Write-off as part of Fresh Start Accounting - - - (5,108,002 ) Ending Balance $ 11,507,309 $ 11,146,009 $ 1,960,792 $ -

Note 8 - Other Accrued Liabilit

Note 8 - Other Accrued Liabilities	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	Note 8. Other accrued liabilities consist of: December 31, 2016 December 31, 2015 Vessel and voyage expenses $ 6,986,486 $ 8,901,904 General and administrative expenses 3,446,113 1,347,951 Other expenses 1,112,848 577,220 Balance $ 11,545,447 $ 10,827,075

Note 9 - Debt

Note 9 - Debt	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Long-term Debt [Text Block]	Note 9. Long-term debt consists of the following: December 31, 2016 December 31, 2015 First Lien Facility / Exit Financing Facility* $ 209,099,000 $ 245,375,000 Debt issuance costs - First Lien / Exit Financing Facility (4,746,682 ) (4,172,509 ) First Lien Facility / Exit Financing Facility net of debt issuance costs 204,352,318 241,202,491 Second Lien Facility 67,327,843 - Debt discount and Debt issuance costs - Second Lien Facility (15,736,617 ) - Second Lien Facility, net of Debt issuance costs debt discount 51,591,226 - Less: Current Portion Exit Financing Facility - (15,625,000 ) Total debt $ 255,943,544 $ 225,577,491 *Includes loan balances on term loan and revolver loan facility under the First Lien Facility and Exit Financing Facility as of December 31, 2016 2015, . Refer to “Note 2. For 2016, 3.86% 4.99%, 6.83%. 15% 17.05%. January 19, 2020. For 2015, 3.696% 4.08%, 5.06%. For 2014, 3.63% 7.40%, 2.93% 2014, 4.028% 4.037%, 4.13% For the years ended December 31, 2016 2015, 40% October 16, 2014 December 31, 2014 0.7% January 1, 2014 October 15, 2014 0.7% Interest Expense consisted of: Successor Predecessor 2016 2015 October 16, To December 31, 2014 January 1, To October 15, 2014 First Lien Facility / Exit Financing Facility Interest $ 9,938,822 $ 9,781,106 $ 2,103,151 $ - Amortization of Debt issuance costs 4,532,481 2,146,316 256,175 - Payment in kind interest on Second Lien Facility 7,327,843 Term loan Interest - - - 43,314,831 Amortization of Term Loan Deferred Financing Costs - - - 16,278,544 Debtor-In-Possession Interest - - - 394,096 Amortization of DIP Deferred Financing Costs - - - 750,000 Total Interest Expense $ 21,799,146 $ 11,927,422 $ 2,359,326 $ 60,737,471 Interest paid amounted to $10,257,766 2016, $9,911,793 2015, $10,886,687 January 1, 2014 October 15, 2014 $1,586,303 October 16, 2014 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, $14,844,413 August 6, 2014 October 15, 2014. June 30, 2014 11 Senior Secured Debtor-in-Possession Term Loan Agreement On August 6, 2014, 11 11 Refer to “Note 2. 18 . Bankruptcy”. On August 8, 2014, August 8, 2014, The DIP Loan Facility had a nine three 0.75% nine $50 $25 September 19, 2014, The DIP Loan Facility bore interest at a rate of LIBOR plus an applicable margin of (i) 5.00% 7.00%. $22.5 four four August 29, 2014 four 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, $275 $50 $40 December 31, 2015, October 15, 2019. $5.5 3.50% 4.00% 40% The Company’s obligations under the Exit Financing Facility were secured by a first may first first may 18 first The Exit Financing Facility contained certain restrictive financial covenants requiring the Company, among other things to repay the Exit Financing Facility in 20 $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, ● one ● the subsequent event of default that occurred as a result of the Company’s failure to pay when due the quarterly repayment installment due January 15, 2016, The Company, the guarantors, the Specified Lenders and the agent and security trustee under the Exit Financing Facility amended the Forbearance Agreement seven March 22, 2016, March 29, 2016. second February 9, 2016, January 15, 2016 $3,906,250, second, fourth sixth fourth March 18, 2016, Corporate Reorganization and Refinancing See “Note 2. First Lien Facility See “Note 2. Second Lien Facility See “Note 2.

Note 10 - Derivative Instrument

Note 10 - Derivative Instruments and Fair Value Measurements	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Derivatives and Fair Value [Text Block]	Note 10. Historically, 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 December 31, 2016 December 31, 2015, 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. December 31, 2016 December 31, 2015. The effect of non-designated derivative instruments on the consolidated statements of operations: Derivatives not designated as hedging instruments Location of loss recognized Amount of Loss Amount of Loss Successor Predecessor For the year ended December 31, 2016 For the year ended December 31, 2015 October 16, 2014 to December 31, 2014 January 1, 2014 to October 15, 2014 FFAs Other expense $ 561,495 $ - $ - $ - Total $ 561,495 $ - $ - $ - 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 2015, 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— Debt 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 1 Level 2 2 Level 3 As of December 31, 2016, sixteen two two $122,860,600 fourth 2016. $234,860,600. 3 $6,167,262 first 2016 six December 31, 2015. six 2015, four 2016 two first 2017 December 31, 2016.

Note 11 - Commitments and Conti

Note 11 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 11. Operating Lease On October 15, 2015, January 1, 2016 June 29, 2023, $419,536. $74,917 December 31, 2016 2015 $840,303 $2,591,489 2015 $1,334,301 October 16, 2014 December 31, 2014 $272,365. January 1, 2014 October 15, 2014, $1,061,608. September 2014, October 2017. The future minimum commitments under the leases for office space as of December 31, 2016 (In thousands of US dollars) 2017 $ 577 2018 438 2019 443 2020 456 Thereafter 1,198 Total $ 3,112 Legal Proceedings The Company is involved in legal proceedings and may In November 2015, third may Other Commitments On July 28, 2011, 37,000 October 2014 seven one first seventh $13,500 $13,750 eighth On May 9, 2016, 63,000 May 20, 2016 nine fourteen $6,000 On July 12, 2016, 61,000 July 2016 eleven thirteen $6,000 On November 14, 2016, 2017 64,000 64 $17.9 $1.9 2016. first 2017.

Note 12 - Reorganization Items,

Note 12 - Reorganization Items, Net	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Reorganization Items [Text Block]	Note 12. Reorganization 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: Successor Predecessor Year Ended December 31, 2016 Year Ended December 31, 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 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

Note 13 - Transactions With For

Note 13 - Transactions With Former Related Party	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note 13. On October 15, 2014, $700 1.25% one On May 22, 2015, August 22, 2015. Total management fees for the year ended December 31, 2015 $2,379,787. $227,105. October 16, 2014 December 31, 2014 $402,661. October 16, 2014 December 31, 2014 $27,115. December 31, 2015 $245,569. For the Predecessor, total management fees for the period from January 1, 2014 October 15, 2014 $1,722,973. January 1, 2014 October 15, 2014 $203,097.

Note 14 - Loss Per Common Share

Note 14 - Loss Per Common Share	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 14. The 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 December 31, 2015 December 31, 2014 October 15, 2014 October 15, 2014 615,997 $0.01 December 31, 2016 1,413,461 152,266 1,942,909 December 31, 2015 39,231 68,867 152,266 December 31, 2014 45,045 123,874 152,266 October 15, 2014 123,667 1,727,667 Successor Predecessor Year Ended December 31, 2016 Year Ended December 31, 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 Net loss $ (223,522,435 ) $ (148,296,965 ) $ (11,548,728 ) $ (531,803,257 ) Weighted Average Shares-Basic* 20,565,652 1,880,116 1,875,227 17,857,408 Dilutive effect of stock options and restricted stock units - - - Weighted Average Shares - Diluted* 20,565,652 1,880,116 1,875,227 17,857,408 Basic loss Per Share $ (10.87 ) $ (78.88 ) $ (6.16 ) $ (29.78 ) Diluted loss Per Share $ (10.87 ) $ (78.88 ) $ (6.16 ) $ (29.78 ) *Adjusted to give effect for the 1 20 August 5, 2016.

Note 15 - Stock Incentive Plans

Note 15 - Stock Incentive Plans	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 15. Eagle Bulk Shipping - Predecessor 2011 November 2011, 2011 “2011 2011 2011 5.9 2011 2011 2011 2011 2011 10% first On June 26, 2012, 2011 1,580,000 $3.34 four five ten $555,344 January 1, 2014 October 15, 2014 In December 2011, 415,750 one three January 1, 2014 October 15, 2014 $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 On October 15, 2014, “2014 2% two 5.5% four 25% first 2014 The following schedule shows the stock awards and options granted under the 2014 Restricted shares 1 Price on grant date Aggregate fair value (in millions) Vesting Terms Granted on October 15, 2014 27,027 $ 329.60 $ 8.9 25% annually over four year term Granted on December 2, 2014 18,018 $ 275.60 $ 5.0 25% annually over four year term Balance outstanding as of December 31, 2014 (Successor)* 45,045 $ 308.58 $ 13.9 Granted on June 12, 2015 2,750 $ 179.60 $ 0.5 25% annually over four year term Granted on September 29, 2015 3 16,250 $ 117.40 $ 1.9 100% on third anniversary date Granted on November 13, 2015 3 5,000 $ 78.40 $ 0.4 100% on third anniversary date Total Granted in 2015 24,000 $ 2.8 Issued on October 15, 2015 (1,335 ) Vesting of shares - Tax (1,098 ) Forfeited (35,457 ) $ (11.2 ) Balance outstanding as of December 31, 2015 (Successor)* 31,155 $ 174.48 $ 5.5 Granted on November 7, 2016 2 131,197 $ 4.24 $ 0.6 100% on first anniversary date Granted on December 15, 2016 2 50,000 $ 5.90 $ 0.3 100% on third anniversary date Issued on June 12, 2016 (688 ) Cancelled on December 15, 2016 3 (21,250 ) $ (1.4 ) Forfeited during 2016 (4,741 ) $ (1.4 ) Balance outstanding as of December 31, 2016 185,673 $ 19.58 $ 3.6 * Adjusted to give effect for the 1 20 August 5, 2016. 1. . 2. 3. 2016 718 Options* * Exercise Price ** Expir ation Risk free interest rate Volatility Dividend % Fair Value of Options on grant date Aggregate fair value (in millions) Expected Term and vesting conditions Granted on October 15, 2014 33,784 $ 360.00 5 1.29 % 43 % 0 % $ 5.80 $ 3.92 4.75 years and 25% vesting annually over four year term Granted on October 15, 2014 40,540 $ 505.00 5 1.29 % 43 % 0 % $ 4.12 $ 3.34 4.75 years and 25% vesting annually over four year term Granted on December 2, 2014 22,523 $ 360.00 5 1.51 % 44 % 0 % $ 4.26 $ 1.92 4.75 years and 25% vesting annually over four year term Granted on December 2, 2014 27,027 $ 505.00 5 1.51 % 44 % 0 % $ 2.95 $ 1.60 4.75 years and 25% vesting annually over four year term Balance outstanding as of December 31, 2014 ** 123,874 $ 10.78 Granted on September 29, 2015*** 16,250 $ 117.40 5 1.09 % 42 % 0 % $ 38.38 $ 0.63 3.75 years and 25% vesting annually over four year term Granted on September 29, 2015*** 16,250 $ 260.00 5 1.09 % 42 % 0 % $ 12.32 $ 0.20 3.75 years and 25% vesting annually over four year term Granted on November 15, 2015*** 5,000 $ 78.40 5 1.37 % 43 % 0 % $ 26.49 $ 0.10 3.75 years and 25% vesting annually over four year term Granted on November 15, 2015*** 5,000 $ 260.00 5 1.37 % 43 % 0 % $ 4.05 $ 0.02 3.75 years and 25% vesting annually over four year term Forfeited in 2015 (97,507 ) $ (8.89 ) Vested in 2015 (6,591 ) $ (0.47 ) Balance outstanding as of December 31, 2015 (Successor)** 62,276 $ 2.37 Forfeited in 2016 (13,038 ) $ (0.92 ) Cancelled on December 15, 2016*** (42,500 ) $ (0.67 ) Balance outstanding as of December 31, 2016 6,738 $ 0.78 * 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 October 14, 2014 five 2014 ** Adjusted to give effect for the 1 20 August 5, 2016. *** The above stock options were cancelled and concurrently new grants under the 2016 718 There are 6,591 December 31, 2016 6,738 Non-cash expense for the above stock awards and options issued under the 2014 Successor Predecessor 2016 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 Stock awards /Stock Option Plans $ 624,099 $ 3,969,989 $ 2,121,505 $ 1,072,383 Total non-cash compensation expense $ 624,099 $ 3,969,989 $ 2,121,505 $ 1,072,383 On November 7, 2016, 233,863 280,000 2014 Restricted shares * Fair value on grant date Aggregate fair value (in millions) Vesting Terms Granted on November 7, 2016 233,863 $ 4.24 $ 1.0 100% vesting on third anniversary date Balance outstanding as of December 31, 2016 (Successor)* 233,863 $ 4.24 $ 1.0 * Amortization of the above stock awards was calculated using the cliff method of vesting and included in general and administrative expenses. Options* Exercise Price Expir ation Risk free interest rate Volatility Dividend % Fair Value of Options on grant date Aggregate fair value (in millions) Expected term and Vesting conditions Granted on November 7, 2016 280,000 $ 4.28 5 1.10 % 61 % 0 % $ 1.91 $ 0.53 3.75 years and 25% vesting annually over four year term Balance outstanding at December 31, 2016 280,000 $ 0.53 * 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 October 14, 2014 five The 280,000 Non-cash compensation expense for the above stock awards and options included in General and administrative expenses: Successor Predecessor For the year ended December 31, 2016 For the year ended December 31, 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 Stock awards /Stock Option Plans $ 89,437 $ - $ - $ - Total non-cash compensation expense $ 89,437 $ - $ - $ - 2016 On December 15, 2016, 2016 “2016 5,348,613 may 2016 2016 2014 2014 2014 2014 December 31, 2016, 24,644 2014 2016 3,000,000 may 2016 one one 3,000,000 may 2016 may 2016 one 500,000, 2016 2016 The following schedule represents outstanding stock awards and options granted under the 2016 Restricted shares* Fair value on grant date Aggregate fair value (in millions) ** Vesting Terms Granted on December 15 , 2016** 760,056 $ 5.90 $ 4.40 100% on September 1, 2018 Granted on December 15, 2016** 233,869 $ 5.90 $ 1.38 100% on October 14, 2018 Balance outstanding as of December 31, 2016 993,925 $ 5.78 *The above stock awards were issued concurrently with the cancellation of outstanding stock awards and options under the 2014 718 Options* Exercise Price Expir ation Risk free interest rate Volatility Dividend % Fair Value of Options on grant date Aggregate fair value (in millions) ** Expected Term and Vesting conditions Granted on December 15, 2016 1,266,476 $ 4.28 5 1.79 % 62 % 0 % $ 3.12 $ 3.96 3.15 years and 25% vesting annually Granted on December 15, 2016 389,695 $ 4.28 5 1.79 % 62 % 0 % $ 3.14 $ 1.21 3.15 years and 25% vesting annually Balance outstanding as of December 31, 2016 1,656,171 $ 5.17 *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 October 14, 2014 five **The above stock options were issued concurrently with cancellation of outstanding stock awards and options under the 2014 718 The above options are not vested as of December 31, 2016 Non-cash compensation expense for the above stock awards and options under the 2016 Successor Predecessor December 31, 2016 December 31, 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 Stock awards /Stock Option Plans $ 1,493,154 $ - $ - $ - Total non-cash compensation expense $ 1,493,154 $ - $ - $ - The future compensation to be recognized for all the grants issued for the years ending December 31, 2017, 2018 2019 $7,340,237, $5,837,145 $787,924,

Note 16 - Employee Benefit Plan

Note 16 - Employee Benefit Plan	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	Note 16. In October 2010, 401(k) 100% first 3% 50% 2% December 31, 2016 2015 October 16, 2014 December 31, 2014 $167,778, $212,223 $43,333, January 1, 2014 October 15, 2014 $157,078. The Company has a discretionary profit sharing contribution program under which employees may December 31, 2016, 2015 2014,

Note 17 - 2016 and 2015 Quarter

Note 17 - 2016 and 2015 Quarterly Results of Operations (Unaudited)	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Quarterly Financial Information [Text Block]	Note 17. 2016 2015 We have presented the unaudited quarterly results of operations for the fiscal years ended December 31, 2016 December 31, 2015. Consolidated Statement of Operations (Unaudited) 2016 Three Months ended March 31 Three Months ended June 30 Three Months ended September 30 Three Months ended December 31 Revenues $ 21,278,288 $ 25,590,434 $ 35,788,181 $ 41,835,941 Total Operating Expenses 57,742,766 (a) 42,882,423 47,512,409 177,607,218 (b) Operating Loss (36,464,478 ) (17,291,989 ) (11,724,228 ) (135,771,277 ) Net Loss (39,278,670 ) (22,495,573 ) (19,359,044 ) (142,389,148 ) Basic Loss Per Share $ (20.77 )(c) $ (9.98 ) $ (0.65 )(d) $ (2.96 ) Diluted Loss Per Share $ (20.77 ) $ (9.98 ) $ (0.65 )(d) $ (2.96 ) a. Includes impairment charge of $6,167,262. b. Includes impairment charge of $122,860,600. c. Basic and Diluted loss per share have been restated to reflect the 1 20 August 5, 2016. d. The basic and diluted loss per share for the three September 30, 2016 $0.52 $0.65 10 for the nine September 30, 2016 $3.94 $7.17 10 September 30, 2017. (Unaudited) 2015 Three Months ended March 31 Three Months ended June 30 Three Months ended September 30 Three Months ended December 31 Revenues $ 26,331,166 $ 22,657,372 $ 29,127,482 $ 25,740,856 Total Operating Expenses 43,839,019 47,011,056 46,135,325 102,409,040* Operating Loss (17,507,853 ) (24,353,684 ) (17,007,843 ) (76,668,184 ) Net Loss (20,667,064 ) (27,508,300 ) (20,376,620 ) (79,744,981 ) Basic Loss Per Share ** $ (11.01 ) $ (14.62 ) $ (10.83 ) $ (42.37 ) Diluted Loss Per Share ** $ (11.01 ) $ (14.62 ) $ (10.83 ) $ (42.37 ) *includes impairment charge of $50,872,734. ** Basic and Diluted loss per share have been restated to reflect the 1 20 August 5, 2016.

Note 18 - Bankruptcy

Note 18 - Bankruptcy	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Reorganization under Chapter 11 of US Bankruptcy Code Disclosure [Text Block]	Note 1 8 . Bankruptcy On August 6, 2014, 11 11 On September 22, 2014, October 15,2014 11 Key components of the Plan included: Entry into a new senior secured credit facility (the “Exit Financing Facility”) as of October 9, 2014, $275 $50 ● The cancellation of all outstanding equity interests in the Company as of the Effective Date, with the then current holders of such equity interests (other than the Consenting Lenders on account of certain warrants held by them or shares of common stock received upon conversion of such warrants ) receiving (i) shares of New Eagle Common Stock equal to 0.5% 2014 152,266 7 one 2014 ● The extinguishment of all loans and other obligations under the Exit Financing Facility as of the Effective Date, with the current holders thereof receiving (i) shares of New Eagle Common Stock equal to 99.5% 2014 ● All claims of unsecured creditors of Eagle Bulk Shipping Inc. were unaffected and paid in full. ● The establishment of a 2014 2% two 5.5% four 25% first 2014 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, $275 $50 October 15, 2019. 40% 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, New Eagle Equity Warrant Agreement On the Effective Date, and in accordance with the Plan, the 152,266 7 one 2014 $556.40

Note 19 - Condensed Financial I

Note 19 - Condensed Financial Information for Eagle Bulk Shipping Inc. (Parent Company Only)	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
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) December 31, 2016 December 31, 2015 ASSETS: Current assets: Cash and cash equivalents $ 62,326,786 $ 22,104,462 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 LIABILITIES & STOCKHOLDERS' EQUITY 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 : Exit Financing Facility, net of debt discount and debt issuance costs - 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 * Condensed Statement s of Operations (Parent Company Only) Successor For the year ended For the year ended Period from October 16, 2014 To December 31, 2016 December 31, 2015 December 31, 2014 General and administrative expenses $ 2,101,094 $ 2,554,795 $ 313,877 Total operating expenses 2,101,094 2,554,795 313,877 Operating loss (2,101,094 ) (2,554,795 ) (313,877 ) Interest expense 2,817,646 11,927,422 2,359,326 Interest income (215,433 ) (6,222 ) (2,238 ) Other expense 125,255 - - Reorganization items, net - - 45,542 Total other expense (income), net 2,727,468 11,921,200 2,402,630 Equity in net loss of subsidiaries** (218,693,873 ) (133,820,970 ) (8,832,221 ) Net loss $ (223,522,435 ) $ (148,296,965 ) $ (11,548,728 ) Weighted average shares outstanding: Basic* 20,565,652 1,880,116 1,875,227 Diluted* 20,565,652 1,880,116 1,875,227 Per share amounts: Basic net loss $ (10.87 ) $ (78.88 ) $ (6.16 ) Diluted net loss $ (10.87 ) $ (78.88 ) $ (6.16 ) *Adjusted to give effect for the 1 20 August 5, 2016. ** Condensed Statement s of Cash Flows (Parent Company Only) Successor Year ended December 31, 2016 Year ended December 31, 2015 Period from October 16, 2014 To December 31, 2014 Net cash (used in) / provided by operating activities $ (4,715,072 ) (18,496,422 ) $ (5,013,295 ) Cash flows from investing activities: Cash distributed to wholly-owned subsidiaries (36,853,951 ) (4,762,134 ) (2,797,401 ) Net cash used in investing activities (36,853,951 ) (4,762,134 ) (2,797,401 ) Cash flows from financing activities: Repayment of Term Loan (3,906,250 ) (19,625,000 ) - Proceeds from Revolver Loan facility under Exit Financing Facility - 40,000,000 - 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 40,222,324 (4,802,785 ) (7,810,696 ) Cash and cash equivalents at beginning of period 22,104,462 26,907,247 34,717,943 Cash and cash equivalents at end of period $ 62,326,786 $ 22,104,462 $ 26,907,247 Supplemental cash flow information: Cash paid during the period for interest $ 2,529,674 $ 9,911,793 $ 1,586,303 Notes to the Condensed Financial Statements Basis of Presentation 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 2015 October 16, 2014 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 October 15, 2014 852, Reorganizations 852”). October 15, 2014, October 15, 2014 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 Equity Offerings Preferred Stock Private Placement On May 26, 2016, 4(a)(2) 506 15% $0.01 $1,000.00 1.0% $6.3 On September 7, 2016, $125,255, December 31, 2016. Common Stock Offerings On July 1, 2016 July 10, 2016, 70% $88 $0.15, $3.00 1 20 August 5, 2016. On August 10, 2016, $85 .7 29,333,318 . On December 13, 2016, “December 22.2 $0.01 $4.50 $100.0 January 20, 2017, December $95 December by its subsidiaries. Corporate Reorganization and Refinancing On March 30, 2016, March 30, 2016 March 30, 2016, 2. Non Cash Investing and Financing Activities For the year ended December 31, 2016, $237 $20 December 31, 2015, $4 October 16, 2014 December 31, 2014, $2

Note 20 - Subsequent Events

Note 20 - Subsequent Events	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Subsequent Events [Text Block]	Note 20. Subsequent Events On February 28, 2017, -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 2012 2015 ,” and collectively, the “Vessels”). Of the nine three March 27, 2017. nine $153.0 $17.0 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 September 2017.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation and Fresh Start Accounting: December 31, 2015, October 16, 2014 December 31, 2014 $6.1 $1.2 January 1, 2014 October 15, 2014 $4.7 Upon the Company’s emergence from the Chapter 11 October 15, 2014, 852, Reorganizations 852”). October 15, 2014, October 15, 2014 may October 15, 2014 October 15, 2014.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates:
Comprehensive Income, Policy [Policy Text Block]	Other Comprehensive loss: December 31, 2016 2015.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash, Cash Equivalents and Restricted Cash: three $74,917 $141,161 December 31, 2016 December 31, 2015,
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Accounts Receivable:
Unpaid Policy Claims and Claims Adjustment Expense, Policy [Policy Text Block]	Insurance Claims:
Inventory, Policy [Policy Text Block]	Inventories: first first 2015 11, January 1, 2017
Investment, Policy [Policy Text Block]	Investments: Prior to December 2015, December 31, 2016 2015.
Vessels and Vessel Improvements [Policy Text Block]	Vessels and vessel improvements, at cost: October 15, 2014, $842,625,000
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Vessel lives and Impairment of Long-Lived Assets: 25 $300 15 October 15, 2014, 28 $150 The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may third 2016. December 31, 2016, two 1 five 53,000 second 11 13 53,000 sixteen two December 31, 2016, two $122,860,600 fourth 2016. $234,860,600. 2015, six 2015 $50,872,734. 2015 $76,332,734. first 2016, $6,167,262 six 2015, four two December 31, 2016
Accounting For Dry Docking Costs [Policy Text Block]	Accounting for Drydocking Costs: 30 15 60 15
Deferred Charges, Policy [Policy Text Block]	Deferred Financing Costs: ones $435,816 December 31, 2015 2015 03 2016.
Property, Plant and Equipment, Policy [Policy Text Block]	Other fixed assets: 3 10
Accounting For Revenues And Expense [Policy Text Block]	Accounting for Revenues and Expenses Under voyage charters, voyage expenses such as bunkers, port charges, canal tolls, cargo handling operations and brokerage commissions are paid by the Company whereas, under time charters, such voyage costs are paid by the Company's customers. Vessel operating costs include crewing, vessel maintenance and vessel insurance. All voyage and vessel operating expenses are expensed as incurred on an accrual basis, except for commissions. Commissions are recognized over the related time or voyage charter period since commissions are earned as the Company's revenues are earned. Probable losses on voyages are provided for in full at the time such loss can be estimated. For the Company’s vessels operating in a pool, revenues and voyage expenses are pooled and allocated to each pool participant under a time charter agreement basis in accordance with an agreed-upon formula. The formula in the pool agreement for allocating gross shipping revenues net of voyage expenses is based on points allocated to participants’ vessels based on cargo carrying capacity and other technical characteristics, such as speed and fuel consumption. The selection of charterers, negotiation of rates and collection of related receivables and the payment of voyage expenses, which include the cost of bunkers and port expenses, are the responsibility of the pool. The operating costs including crews, maintenance and insurance are typically paid by the owner of the vessel. The pool may
Unearned Charter Hire Revenue [Policy Text Block]	Unearned Charter Hire Revenue:
Maintenance Cost, Policy [Policy Text Block]	Repairs and Maintenance:
Protection and Indemnity Insurance [Policy Text Block]	Protection and Indemnity Insurance:
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.
Derivatives, Policy [Policy Text Block]	Interest Rate Risk Management: may
Income Tax, Policy [Policy Text Block]	Federal Taxes: 883 $0.6 $0.3 December 31, 2016 2015, October 16, 2014, 883
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.
New Accounting Pronouncements, Policy [Policy Text Block]	Impact of Recently Issued Accounting Standards In May 2014, 2014 09, 2014 09”), 2014 09 five may December 15, 2017, May 2016, 2016 12, 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, 2014 15, December 15, 2016. In July 2015, 2015 11, December 15, 2016 December 15, 2017. January 1, 2017. In February 2016, 2016 02, 2016 02 12 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, 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 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 December 31, 2016. In March 2016, 2016 09, December 15, 2016 In August 2016, 2016 15, 230) zero December 15, 2017 In October 2016, 2016 17, December 15, 2016 In November 2016, 2016 18, December 15, 2017 $74,917 In January 2017, 2017 01, 805).” three December 15, 2017,

Note 1 - General Information (T

Note 1 - General Information (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule Of Consolidated Revenue From Major Charters [Table Text Block]	Successor Predecessor 2016 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 Charterer Charterer A - - - 10.5 % Charterer B* - 17.2 % 27.7 % 17.7 %

Note 5 - Vessels (Tables)

Note 5 - Vessels (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule Of Vessel And Vessel Improvements [Table Text Block]	Vessels and Vessel Improvements, at December 31, 2015 $ 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 December 31, 2016 $ 567,592,950

Note 6 - Investment (Tables)

Note 6 - Investment (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Investment [Table Text Block]	No. of KLC Shares Cost Basis-Adjusted Fair Value Unrealized Gain/(Loss) reported in OCI Other-than Temporary Loss reported in Earnings-YTD Gain/(Loss) On Sale of KLC Stock-YTD Balance at January 1, 2014 (Predecessor) 566,529 $ 13,817,439 $ 13,817,439 $ (18,414,366 ) $ (417,966 ) Fair Value-Adjustments, net (442,288 ) (442,288 ) Fair Value-Adjustments, net 210,293 210,293 Reorganization Adjustment (231,995 ) 231,995 Balance at October 16, 2014 (Successor) 566,529 13,585,444 13,585,444 - KLC Stock sold (179,076 ) (4,294,267 ) (4,294,267 ) Other-than-Temporary Loss Adjustments (990,437 ) (990,437 ) (990,437 ) - Balance at December 31, 2014 (Successor) 387,453 8,300,740 8,300,740 (990,437 ) KLC Stock sold (387,453 ) $ (8,300,740 ) $ (7,838,346 ) Loss on sale of KLC stock (462,394 ) $ (462,394 ) Balance at December 31, 2015 (Successor) - $ - $ - $ - - $ (462,394 )

Note 7 - Deferred Drydock Cos32

Note 7 - Deferred Drydock Costs (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule Of Dry Docking Activity [Table Text Block]	Successor Predecessor 2016 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 Beginning Balance $ 11,146,009 $ 1,960,792 $ - $ 3,826,685 Payment for drydocking 3,688,711 11,141,561 1,960,792 3,802,795 Drydock amortization (3,327,411 ) (1,956,344 ) - (2,521,478 ) Write-off as part of Fresh Start Accounting - - - (5,108,002 ) Ending Balance $ 11,507,309 $ 11,146,009 $ 1,960,792 $ -

Note 8 - Other Accrued Liabil33

Note 8 - Other Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, 2016 December 31, 2015 Vessel and voyage expenses $ 6,986,486 $ 8,901,904 General and administrative expenses 3,446,113 1,347,951 Other expenses 1,112,848 577,220 Balance $ 11,545,447 $ 10,827,075

Note 9 - Debt (Tables)

Note 9 - Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Debt [Table Text Block]	December 31, 2016 December 31, 2015 First Lien Facility / Exit Financing Facility* $ 209,099,000 $ 245,375,000 Debt issuance costs - First Lien / Exit Financing Facility (4,746,682 ) (4,172,509 ) First Lien Facility / Exit Financing Facility net of debt issuance costs 204,352,318 241,202,491 Second Lien Facility 67,327,843 - Debt discount and Debt issuance costs - Second Lien Facility (15,736,617 ) - Second Lien Facility, net of Debt issuance costs debt discount 51,591,226 - Less: Current Portion Exit Financing Facility - (15,625,000 ) Total debt $ 255,943,544 $ 225,577,491
Schedule Of Interest Expense Excluding Capitalized Interest [Table Text Block]	Successor Predecessor 2016 2015 October 16, To December 31, 2014 January 1, To October 15, 2014 First Lien Facility / Exit Financing Facility Interest $ 9,938,822 $ 9,781,106 $ 2,103,151 $ - Amortization of Debt issuance costs 4,532,481 2,146,316 256,175 - Payment in kind interest on Second Lien Facility 7,327,843 Term loan Interest - - - 43,314,831 Amortization of Term Loan Deferred Financing Costs - - - 16,278,544 Debtor-In-Possession Interest - - - 394,096 Amortization of DIP Deferred Financing Costs - - - 750,000 Total Interest Expense $ 21,799,146 $ 11,927,422 $ 2,359,326 $ 60,737,471

Note 10 - Derivative Instrume35

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]	Derivatives not designated as hedging instruments Location of loss recognized Amount of Loss Amount of Loss Successor Predecessor For the year ended December 31, 2016 For the year ended December 31, 2015 October 16, 2014 to December 31, 2014 January 1, 2014 to October 15, 2014 FFAs Other expense $ 561,495 $ - $ - $ - Total $ 561,495 $ - $ - $ -

Note 11 - Commitments and Con36

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]	2017 $ 577 2018 438 2019 443 2020 456 Thereafter 1,198 Total $ 3,112

Note 12 - Reorganization Item37

Note 12 - Reorganization Items, Net (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Reorganization Amounts Incurred and Recoverable [Table Text Block]	Successor Predecessor Year Ended December 31, 2016 Year Ended December 31, 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 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

Note 14 - Loss Per Common Sha38

Note 14 - Loss Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Successor Predecessor Year Ended December 31, 2016 Year Ended December 31, 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 Net loss $ (223,522,435 ) $ (148,296,965 ) $ (11,548,728 ) $ (531,803,257 ) Weighted Average Shares-Basic* 20,565,652 1,880,116 1,875,227 17,857,408 Dilutive effect of stock options and restricted stock units - - - Weighted Average Shares - Diluted* 20,565,652 1,880,116 1,875,227 17,857,408 Basic loss Per Share $ (10.87 ) $ (78.88 ) $ (6.16 ) $ (29.78 ) Diluted loss Per Share $ (10.87 ) $ (78.88 ) $ (6.16 ) $ (29.78 )

Note 15 - Stock Incentive Pla39

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]	Restricted shares 1 Price on grant date Aggregate fair value (in millions) Vesting Terms Granted on October 15, 2014 27,027 $ 329.60 $ 8.9 25% annually over four year term Granted on December 2, 2014 18,018 $ 275.60 $ 5.0 25% annually over four year term Balance outstanding as of December 31, 2014 (Successor)* 45,045 $ 308.58 $ 13.9 Granted on June 12, 2015 2,750 $ 179.60 $ 0.5 25% annually over four year term Granted on September 29, 2015 3 16,250 $ 117.40 $ 1.9 100% on third anniversary date Granted on November 13, 2015 3 5,000 $ 78.40 $ 0.4 100% on third anniversary date Total Granted in 2015 24,000 $ 2.8 Issued on October 15, 2015 (1,335 ) Vesting of shares - Tax (1,098 ) Forfeited (35,457 ) $ (11.2 ) Balance outstanding as of December 31, 2015 (Successor)* 31,155 $ 174.48 $ 5.5 Granted on November 7, 2016 2 131,197 $ 4.24 $ 0.6 100% on first anniversary date Granted on December 15, 2016 2 50,000 $ 5.90 $ 0.3 100% on third anniversary date Issued on June 12, 2016 (688 ) Cancelled on December 15, 2016 3 (21,250 ) $ (1.4 ) Forfeited during 2016 (4,741 ) $ (1.4 ) Balance outstanding as of December 31, 2016 185,673 $ 19.58 $ 3.6 Restricted shares * Fair value on grant date Aggregate fair value (in millions) Vesting Terms Granted on November 7, 2016 233,863 $ 4.24 $ 1.0 100% vesting on third anniversary date Balance outstanding as of December 31, 2016 (Successor)* 233,863 $ 4.24 $ 1.0 Restricted shares* Fair value on grant date Aggregate fair value (in millions) ** Vesting Terms Granted on December 15 , 2016** 760,056 $ 5.90 $ 4.40 100% on September 1, 2018 Granted on December 15, 2016** 233,869 $ 5.90 $ 1.38 100% on October 14, 2018 Balance outstanding as of December 31, 2016 993,925 $ 5.78
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Options* * Exercise Price ** Expir ation Risk free interest rate Volatility Dividend % Fair Value of Options on grant date Aggregate fair value (in millions) Expected Term and vesting conditions Granted on October 15, 2014 33,784 $ 360.00 5 1.29 % 43 % 0 % $ 5.80 $ 3.92 4.75 years and 25% vesting annually over four year term Granted on October 15, 2014 40,540 $ 505.00 5 1.29 % 43 % 0 % $ 4.12 $ 3.34 4.75 years and 25% vesting annually over four year term Granted on December 2, 2014 22,523 $ 360.00 5 1.51 % 44 % 0 % $ 4.26 $ 1.92 4.75 years and 25% vesting annually over four year term Granted on December 2, 2014 27,027 $ 505.00 5 1.51 % 44 % 0 % $ 2.95 $ 1.60 4.75 years and 25% vesting annually over four year term Balance outstanding as of December 31, 2014 ** 123,874 $ 10.78 Granted on September 29, 2015*** 16,250 $ 117.40 5 1.09 % 42 % 0 % $ 38.38 $ 0.63 3.75 years and 25% vesting annually over four year term Granted on September 29, 2015*** 16,250 $ 260.00 5 1.09 % 42 % 0 % $ 12.32 $ 0.20 3.75 years and 25% vesting annually over four year term Granted on November 15, 2015*** 5,000 $ 78.40 5 1.37 % 43 % 0 % $ 26.49 $ 0.10 3.75 years and 25% vesting annually over four year term Granted on November 15, 2015*** 5,000 $ 260.00 5 1.37 % 43 % 0 % $ 4.05 $ 0.02 3.75 years and 25% vesting annually over four year term Forfeited in 2015 (97,507 ) $ (8.89 ) Vested in 2015 (6,591 ) $ (0.47 ) Balance outstanding as of December 31, 2015 (Successor)** 62,276 $ 2.37 Forfeited in 2016 (13,038 ) $ (0.92 ) Cancelled on December 15, 2016*** (42,500 ) $ (0.67 ) Balance outstanding as of December 31, 2016 6,738 $ 0.78 Options* Exercise Price Expir ation Risk free interest rate Volatility Dividend % Fair Value of Options on grant date Aggregate fair value (in millions) Expected term and Vesting conditions Granted on November 7, 2016 280,000 $ 4.28 5 1.10 % 61 % 0 % $ 1.91 $ 0.53 3.75 years and 25% vesting annually over four year term Balance outstanding at December 31, 2016 280,000 $ 0.53 Options* Exercise Price Expir ation Risk free interest rate Volatility Dividend % Fair Value of Options on grant date Aggregate fair value (in millions) ** Expected Term and Vesting conditions Granted on December 15, 2016 1,266,476 $ 4.28 5 1.79 % 62 % 0 % $ 3.12 $ 3.96 3.15 years and 25% vesting annually Granted on December 15, 2016 389,695 $ 4.28 5 1.79 % 62 % 0 % $ 3.14 $ 1.21 3.15 years and 25% vesting annually Balance outstanding as of December 31, 2016 1,656,171 $ 5.17
Schedule Of Noncash Compensation Expenses [Table Text Block]	Successor Predecessor 2016 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 Stock awards /Stock Option Plans $ 624,099 $ 3,969,989 $ 2,121,505 $ 1,072,383 Total non-cash compensation expense $ 624,099 $ 3,969,989 $ 2,121,505 $ 1,072,383 Successor Predecessor For the year ended December 31, 2016 For the year ended December 31, 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 Stock awards /Stock Option Plans $ 89,437 $ - $ - $ - Total non-cash compensation expense $ 89,437 $ - $ - $ - Successor Predecessor December 31, 2016 December 31, 2015 October 16, 2014 To December 31, 2014 January 1, 2014 To October 15, 2014 Stock awards /Stock Option Plans $ 1,493,154 $ - $ - $ - Total non-cash compensation expense $ 1,493,154 $ - $ - $ -

Note 17 - 2016 and 2015 Quart40

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]	Three Months ended March 31 Three Months ended June 30 Three Months ended September 30 Three Months ended December 31 Revenues $ 21,278,288 $ 25,590,434 $ 35,788,181 $ 41,835,941 Total Operating Expenses 57,742,766 (a) 42,882,423 47,512,409 177,607,218 (b) Operating Loss (36,464,478 ) (17,291,989 ) (11,724,228 ) (135,771,277 ) Net Loss (39,278,670 ) (22,495,573 ) (19,359,044 ) (142,389,148 ) Basic Loss Per Share $ (20.77 )(c) $ (9.98 ) $ (0.65 )(d) $ (2.96 ) Diluted Loss Per Share $ (20.77 ) $ (9.98 ) $ (0.65 )(d) $ (2.96 ) Three Months ended March 31 Three Months ended June 30 Three Months ended September 30 Three Months ended December 31 Revenues $ 26,331,166 $ 22,657,372 $ 29,127,482 $ 25,740,856 Total Operating Expenses 43,839,019 47,011,056 46,135,325 102,409,040* Operating Loss (17,507,853 ) (24,353,684 ) (17,007,843 ) (76,668,184 ) Net Loss (20,667,064 ) (27,508,300 ) (20,376,620 ) (79,744,981 ) Basic Loss Per Share ** $ (11.01 ) $ (14.62 ) $ (10.83 ) $ (42.37 ) Diluted Loss Per Share ** $ (11.01 ) $ (14.62 ) $ (10.83 ) $ (42.37 )

Note 19 - Condensed Financial41

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]	December 31, 2016 December 31, 2015 ASSETS: Current assets: Cash and cash equivalents $ 62,326,786 $ 22,104,462 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 LIABILITIES & STOCKHOLDERS' EQUITY 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 : Exit Financing Facility, net of debt discount and debt issuance costs - 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
Condensed Income Statement [Table Text Block]	Successor For the year ended For the year ended Period from October 16, 2014 To December 31, 2016 December 31, 2015 December 31, 2014 General and administrative expenses $ 2,101,094 $ 2,554,795 $ 313,877 Total operating expenses 2,101,094 2,554,795 313,877 Operating loss (2,101,094 ) (2,554,795 ) (313,877 ) Interest expense 2,817,646 11,927,422 2,359,326 Interest income (215,433 ) (6,222 ) (2,238 ) Other expense 125,255 - - Reorganization items, net - - 45,542 Total other expense (income), net 2,727,468 11,921,200 2,402,630 Equity in net loss of subsidiaries** (218,693,873 ) (133,820,970 ) (8,832,221 ) Net loss $ (223,522,435 ) $ (148,296,965 ) $ (11,548,728 ) Weighted average shares outstanding: Basic* 20,565,652 1,880,116 1,875,227 Diluted* 20,565,652 1,880,116 1,875,227 Per share amounts: Basic net loss $ (10.87 ) $ (78.88 ) $ (6.16 ) Diluted net loss $ (10.87 ) $ (78.88 ) $ (6.16 )
Condensed Cash Flow Statement [Table Text Block]	Successor Year ended December 31, 2016 Year ended December 31, 2015 Period from October 16, 2014 To December 31, 2014 Net cash (used in) / provided by operating activities $ (4,715,072 ) (18,496,422 ) $ (5,013,295 ) Cash flows from investing activities: Cash distributed to wholly-owned subsidiaries (36,853,951 ) (4,762,134 ) (2,797,401 ) Net cash used in investing activities (36,853,951 ) (4,762,134 ) (2,797,401 ) Cash flows from financing activities: Repayment of Term Loan (3,906,250 ) (19,625,000 ) - Proceeds from Revolver Loan facility under Exit Financing Facility - 40,000,000 - 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 40,222,324 (4,802,785 ) (7,810,696 ) Cash and cash equivalents at beginning of period 22,104,462 26,907,247 34,717,943 Cash and cash equivalents at end of period $ 62,326,786 $ 22,104,462 $ 26,907,247 Supplemental cash flow information: Cash paid during the period for interest $ 2,529,674 $ 9,911,793 $ 1,586,303

Note 1 - General Information (D

Note 1 - General Information (Details Textual)	Mar. 30, 2016	Oct. 02, 2015t	Oct. 09, 2014	Dec. 31, 2016t
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

Note 1 - General Information -

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%
[1]	Includes charter revenue from a pool that the Company participated.

Note 2 - Corporate Reorganiza44

Note 2 - Corporate Reorganization (Details Textual)	Jul. 15, 2019USD ($)	Aug. 02, 2016USD ($)shares	Mar. 30, 2016USD ($)$ / itemshares	Feb. 09, 2016USD ($)	Oct. 02, 2015	Oct. 09, 2014	Mar. 31, 2016USD ($)	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2016USD ($)
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%

Note 3 - Equity Offerings (Deta

Note 3 - Equity Offerings (Details Textual)	Jan. 20, 2017USD ($)$ / sharesshares	Sep. 07, 2016USD ($)	Aug. 10, 2016USD ($)shares	Aug. 05, 2016$ / shares	Jul. 10, 2016USD ($)$ / shares	Jul. 10, 2016USD ($)$ / shares	May 26, 2016USD ($)$ / sharesshares	Aug. 02, 2016$ / sharesshares	Aug. 01, 2016shares
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

Note 4 - Significant Accounti46

Note 4 - Significant Accounting Policies (Details Textual)	3 Months Ended			9 Months Ended	12 Months Ended
	Dec. 31, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Oct. 15, 2014USD ($)t	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)t	Dec. 31, 2015USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2014USD ($)
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

Note 5 - Vessels (Details Textu

Note 5 - Vessels (Details Textual)	Mar. 15, 2017USD ($)	Dec. 22, 2016USD ($)	Nov. 14, 2016USD ($)t	Sep. 30, 2016USD ($)t	Sep. 06, 2016USD ($)	Jul. 13, 2016USD ($)	Jun. 16, 2016USD ($)	Apr. 26, 2016USD ($)	Dec. 31, 2016USD ($)t	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)t	Sep. 30, 2016USD ($)t	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)t	Dec. 31, 2015USD ($)	Mar. 30, 2017	Jul. 12, 2016t	May 09, 2016t	Oct. 15, 2014USD ($)
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

Note 5 - Vessels - Vessels and

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

Note 6 - Investment (Details Te

Note 6 - Investment (Details Textual) - Korea Line Corporation [Member] $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Proceeds from Sale of Available-for-sale Securities	$ 7.8
Realized Investment Gains (Losses)	$ (0.5)

Note 6 - Investment - Summary o

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)

Note 7 - Deferred Drydock Cos51

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

Note 8 - Other Accrued Liabil52

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

Note 9 - Debt (Details Textual)

Note 9 - Debt (Details Textual)

Mar. 30, 2016

Feb. 09, 2016USD ($)

Oct. 02, 2015

Oct. 09, 2014USD ($)

Aug. 08, 2014USD ($)

Oct. 15, 2014USD ($)

Mar. 31, 2016USD ($)

Dec. 31, 2014USD ($)

Oct. 15, 2014USD ($)

Dec. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Oct. 15, 2019USD ($)

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

Note 9 - Debt - Summary of Debt

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
[1]	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.

Note 9 - Debt - Interest Expens

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

Note 10 - Derivative Instrume56

Note 10 - Derivative Instruments and Fair Value Measurements (Details Textual)	3 Months Ended			12 Months Ended
	Dec. 31, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2014USD ($)
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

Note 10 - Derivative Instrume57

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

Note 11 - Commitments and Con58

Note 11 - Commitments and Contingencies (Details Textual)

Nov. 14, 2016USD ($)t

Jul. 12, 2016t$ / d

May 09, 2016t$ / d

Mar. 30, 2016

Oct. 02, 2015

Oct. 09, 2014

Oct. 31, 2014t$ / d

Dec. 31, 2016USD ($)t

Dec. 31, 2014USD ($)

Oct. 15, 2014USD ($)

Dec. 31, 2016USD ($)t

Dec. 31, 2015USD ($)

Jun. 29, 2023USD ($)

Sep. 30, 2016t

Oct. 15, 2015USD ($)

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

Note 11 - Commitments and Con59

Note 11 - Commitments and Contingencies - Future Minimum Commitments Under Leases (Details)	Dec. 31, 2016USD ($)
2,017	$ 577
2,018	438
2,019	443
2,020	456
Thereafter	1,198
Total	$ 3,112

Note 12 - Reorganization Item60

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

Note 13 - Transactions With F61

Note 13 - Transactions With Former Related Party (Details Textual) - USD ($)	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

Note 14 - Loss Per Common Sha62

Note 14 - Loss Per Common Share (Details Textual)	Aug. 05, 2016	Dec. 31, 2014shares	Oct. 15, 2014$ / sharesshares	Dec. 31, 2016shares	Dec. 31, 2015shares
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

Note 14 - Loss Per Common Sha63

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)
[1]	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.
[2]	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.

Note 15 - Stock Incentive Pla64

Note 15 - Stock Incentive Plans (Details Textual)

Nov. 07, 2016shares

Aug. 05, 2016

Oct. 15, 2014

Jun. 26, 2012$ / sharesshares

Dec. 31, 2011shares

Oct. 15, 2014USD ($)

Dec. 15, 2016shares

Dec. 31, 2019USD ($)

Dec. 31, 2018USD ($)

Dec. 31, 2017USD ($)

Dec. 31, 2016shares

Nov. 04, 2016shares

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 | $

Note 15 - Stock Incentive Pla65

Note 15 - Stock Incentive Plans - Restricted Stock Units Award Activity (Details) - Restricted Stock Units (RSUs) [Member] - Successor [Member] - USD ($) $ / shares in Units, $ in Thousands

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

[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]

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.

[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.

[4]

Amortization of the above stock awards was calculated using the cliff method of vesting and included in general and administrative expenses.

[5]

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.

[6]

Amortization of above stock awards were calculated using the cliff method of vesting and included in General and administrative expenses.

Note 15 - Stock Incentive Pla66

Note 15 - Stock Incentive Plans - Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Thousands		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
[1]	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.
[2]	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.
[3]	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.
[4]	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.
[5]	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.

Note 15 - Stock Incentive Pla67

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

Note 16 - Employee Benefit Pl68

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%

Note 17 - 2016 and 2015 Quart69

Note 17 - 2016 and 2015 Quarterly Results of Operations (Unaudited) (Details Textual)	Aug. 05, 2016	Dec. 31, 2016USD ($)	Sep. 30, 2016$ / shares	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	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

Note 17 - 2016 and 2015 Quart70

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)

Note 18 - Bankruptcy (Details T

Note 18 - Bankruptcy (Details Textual) - USD ($)	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

Note 19 - Condensed Financial72

Note 19 - Condensed Financial Information for Eagle Bulk Shipping Inc. (Parent Company Only) (Details Textual)	Jan. 20, 2017USD ($)$ / sharesshares	Sep. 07, 2016USD ($)	Aug. 10, 2016USD ($)shares	Aug. 05, 2016$ / shares	Jul. 10, 2016USD ($)$ / shares	Jul. 10, 2016USD ($)$ / shares	May 26, 2016USD ($)$ / sharesshares	Dec. 31, 2014USD ($)	Dec. 31, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)$ / 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

Note 19 - Condensed Financial73

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

Note 19 - Condensed Financial74

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

Note 19 - Condensed Financial75

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)
[1]	Eliminated in the consolidated financial statements.
[2]	Adjusted to give effect for the 1 for 20 reverse stock split for the successor that became effective as of the opening day of trading on August 5, 2016

Note 19 - Condensed Financial76

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

Note 20 - Subsequent Events (De

Note 20 - Subsequent Events (Details Textual) - Subsequent Event [Member] - Eagle Bulk Ultraco LLC [Member] $ in Millions	Feb. 28, 2017USD ($)
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