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Note 3 - Advances for Vessels Under Construction and Vessel Acquisition Deposits
 6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Advances for Vessels under Construction [Text Block]
3.
Advances for Vessels under Construction and Vessel Acquisition Deposits
 
As of
June 30, 2017
the amount of the advances for vessels under construction amounts to
$2.32
million and mainly comprises a
$2.25
million instalment paid to the shipyard and other costs related to the construction of Hull number YZJ
1153.
Within the
first
half of
2017,
the Company took delivery of M/V Alexandros P., M/V Tasos and M/V EM Astoria (see Note
4
).
 
    Costs
Balance, January 1, 2017    
17,753,737
  
Advances for vessels under construction    
3,016,069
  
Advances for vessel acquisitions    
3,810,765
  
New building vessel delivered during the period    
(17,788,540
 )
Vessels delivered during the period    
(4,473,448
 )
Balance, June 30, 2017    
2,318,583