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Note 3 - Advances for Vessels Under Construction and Vessel Acquisition Deposits
 3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Advances for Vessels under Construction [Text Block]
3.
Advances for Vessels under Construction and Vessel Acquisition Deposits
 
As of
March 31, 2017
the amount of the advances for vessels under construction amounts to
$9,609
and mainly represents other costs related to the construction of Hull number YZJ
1153.
Within the
first
quarter of
2017,
the Company took delivery of M/V Alexandros P. and M/V Tasos.
 
    Costs  
Balance, January 1, 2017    
17,753,737
  
Advances for vessels under construction    
668,402
  
Advances for vessel acquisition    
3,810,765
  
New building vessel delivered during the period    
(17,749,847
 )
Vessel delivered during the period    
(4,473,448
 )
Balance, March 31, 2017    
9,609