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Note 6 - Long-term Debt - Summary of Long-term Debt (Details) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Bank Loans $ 60,292,415 $ 50,356,915
Less: Current portion (11,506,887) (5,697,915)
Long-term portion 48,785,528 44,659,000
Deferred charges, current portion 285,067 148,697
Deferred charges, long-term portion 533,239 292,024
Long-term debt, current portion net of deferred charges 11,221,820 5,549,218
Long-term debt, long-term portion net of deferred charges 48,252,289 44,366,976
Xingang Shipping Ltd. / Alcinoe Shipping Ltd Borrower [Member]    
Bank Loans 1,103,915 1,103,915
Pantelis Shipping Corp. Borrower [Member]    
Bank Loans 4,840,000 4,840,000
Noumea Shipping Ltd. Borrower [Member]    
Bank Loans 6,360,000 6,360,000
Eirini Shipping Ltd. / Eleni Shipping Ltd. / Areti Shipping Ltd and Pantelis Shipping Corp. [Member]    
Bank Loans 11,600,000 11,600,000
Allendale Investments S.A. [Member]    
Bank Loans 12,660,000 13,120,000
Ultra One Shipping Ltd. [Member]    
Bank Loans 10,862,500
Kamsarmax One Shipping Ltd. [Member]    
Bank Loans $ 12,866,000 $ 13,333,000