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Note 14 - Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

Derivatives not designated as hedging instruments		Balance Sheet Location			December 31, 2018				December 31, 2019
Interest rate swap contract		Current liabilities – Derivatives			41,435				-
Total derivative liabilities					41,435				-

Derivative Instruments, Gain (Loss) [Table Text Block]

Derivatives not designated as hedging instruments		Location of gain (loss) recognized			Year Ended December 31, 2017				Year Ended December 31, 2018				Year Ended December 31, 2019
Interest rate swap contract– Unrealized (loss) / gain		(Gain) / loss on derivativtes, net			(5,901	)			204,647				-
Interest rate swap contract  - Realized  gain / (loss)		Gain / (loss) on derivatives, net			19,071				(201,745	)			(2,885	)
Total  net gain / (loss) on interest rate swap contract					13,170				2,902				(2,885	)

FFA contracts not designated as hedging instruments			Location of gain (loss) recognized			Year Ended December 31, 2017				Year Ended December 31, 2018			Year Ended December 31, 2019
FFA contracts – Unrealized loss			Gain / (loss) on derivatives, net			(781	)			-				-
FFA contracts – Realized loss			Gain / (loss) on derivatives, net			-				(47,245	)			-
Total loss on FFA contracts						(781	)			(47,245	)			-

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

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