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Note 6 - Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2015

Disclosure Text Block [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

Borrower		December 31, 2014				June 30, 2015
Xingang Shipping Ltd. / Alcinoe Shipping Ltd			4,200,000				3,800,000
Manolis Shipping Ltd.			5,200,000				5,000,000
Saf Concord Shipping Ltd.			4,250,000				3,750,000
Pantelis Shipping Corp.			6,240,000				5,680,000
Aggeliki Shipping Ltd.			3,652,000				3,046,000
Noumea Shipping Ltd.			9,240,000				8,520,000
Eirini Shipping Ltd. / Eleni Shipping Ltd.			14,600,000				13,900,000
Euroseas Ltd.			6,875,000				6,125,000
			54,257,000				49,821,000
Less: Current portion			(19,512,000	)			(18,556,000	)
Long-term portion		$	34,745,000			$	31,265,000

Schedule of Future Annual Loan Repayments [Table Text Block]

To December 31:
2015		$	10,576,000
2016			17,570,000
2017			8,775,000
2018			3,900,000
Thereafter			9,000,000
Total		$	49,821,000

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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