XML 39 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 5 - Related Party Transactions (Details Textual)
6 Months Ended 12 Months Ended
Jun. 19, 2017
USD ($)
Feb. 28, 2017
USD ($)
Jan. 10, 2017
USD ($)
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Dec. 31, 2017
EUR (€)
Dec. 31, 2016
EUR (€)
Mar. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Nov. 29, 2016
USD ($)
Revenue from Related Parties       $ 120,000 $ 120,000          
Notes Payable, Related Parties, Current               $ 2,000,000  
Due to Related Parties, Current                 11,539  
Due from Related Parties, Current       1,636,762          
Payments to Acquire Property, Plant, and Equipment       $ 11,518,463 23,080,296          
M/V EM Astoria [Member]                    
Payments to Acquire Property, Plant, and Equipment $ 4,750,000                  
M/V Tasos [Member]                    
Payments to Acquire Property, Plant, and Equipment     $ 4,500,000              
Colby Trading Ltd [Member]                    
Repayments of Debt   $ 2,000,000                
Notes Payable, Related Parties, Current                   $ 2,000,000
Debt Instrument, Interest Rate, Stated Percentage                   10.00%
Interest Paid   $ 50,556                
Debt Instrument, Maximum Borrowing Commitment               $ 4,000,000    
Sentinel [Member]                    
Related Party Transaction Commission on Premium, Maximum, Percentage       5.00%            
Related Party Transaction, Expenses from Transactions with Related Party       $ 51,538 52,348          
Technomar [Member]                    
Related Party Transaction Amounts of Transaction Per Crew Member Per Month       50            
Related Party Transaction, Expenses from Transactions with Related Party       66,167 68,818          
Vessel Management Fees (Member) | Eurobulk Ltd. [Member]                    
Service Management Costs Daily Fee Related Party | €           € 685 € 685      
Related Party Transaction, Amounts of Transaction       1,763,084 1,584,385          
Fixed Management Fees [Member] | Eurobulk Ltd. [Member]                    
Related Party Transaction, Amounts of Transaction       $ 1,000,000 1,000,000          
Vessel Sales [Member] | Eurochart [Member]                    
Related Party Transaction Commission, Percentage       1.00%            
Charter Revenues [Member] | Eurochart [Member]                    
Related Party Transaction Commission, Percentage       1.25%            
Commission Paid on Sale of Vessel [Member] | Eurochart [Member] | M/V EM Astoria [Member]                    
Related Party Transaction, Expenses from Transactions with Related Party $ 0                  
Commission Paid on Sale of Vessel [Member] | Eurochart [Member] | MV RT Dagr and M/V Eleni P [Member]                    
Related Party Transaction, Expenses from Transactions with Related Party       $ 53,871            
Commission Paid on Sale of Vessel [Member] | Eurochart [Member] | MV Alexandros P [Member]                    
Related Party Transaction, Expenses from Transactions with Related Party       90,000            
Commission Paid on Sale of Vessel [Member] | Eurochart [Member] | M/V Tasos [Member]                    
Related Party Transaction, Expenses from Transactions with Related Party       44,000            
Commission Paid on Sale of Vessel [Member] | Eurochart [Member] | M/V Captain Costas [Member]                    
Related Party Transaction, Expenses from Transactions with Related Party         27,741          
Commission Paid on Sale of Vessel [Member] | Eurochart [Member] | M/V Xenia [Member]                    
Related Party Transaction, Expenses from Transactions with Related Party         213,500          
Commission Paid for Chartering Services [Member] | Eurochart [Member]                    
Related Party Transaction, Expenses from Transactions with Related Party       $ 240,976 $ 180,828