XML 21 R30.htm IDEA: XBRL DOCUMENT v3.3.0.814
Note 6 - Long-term Debt (Details) - USD ($)
1 Months Ended 6 Months Ended
Mar. 31, 2015
Jan. 31, 2015
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Note 6 - Long-term Debt (Details) [Line Items]          
Limited Dividends Percentage Loans to Profits     60.00%    
Restricted Cash and Cash Equivalents     $ 5,491,962   $ 7,994,093
Interest Expense, Debt     849,384 $ 957,923  
Imputed Interest     $ 243,398 $ 0  
Debt Instrument, Interest Rate During Period     4.71%    
London Interbank Offered Rate (LIBOR) [Member]          
Note 6 - Long-term Debt (Details) [Line Items]          
Debt Instrument, Average Variable Interest Rate     0.25%    
Debt Instrument, Basis Spread on Variable Rate     4.47%    
Finance Construction of Hull No DY 160 [Member]          
Note 6 - Long-term Debt (Details) [Line Items]          
Term Loan Facility, Maximum Borrowing Capacity   $ 19,950,000      
Term Loan Facility, Maximum Borrowing Capacity, As a Percentage of Vessel Market Value Upon Delivery, Approved Charter   70.00%      
Term Loan Facility, Maximum Borrowing Capacity, As a Percentage of Vessel Market Value Upon Delivery, Charter Free   65.00%      
Debt Instrument, Term   5 years      
Finance Construction of Hull No DY 161 [Member]          
Note 6 - Long-term Debt (Details) [Line Items]          
Term Loan Facility, Maximum Borrowing Capacity $ 19,000,000        
Debt Instrument, Term 4 years        
Term Loan Facility, Maximum Borrowing Capacity, As a Percentage of Vessel Market Value Upon Delivery 62.50%