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Note 16 - Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

		Fair Value Measurement as of December 31, 2018
			Total,				(Level 1)				(Level 2)				(Level 3)
Liabilities
Interest rate swap contract, current portion		$	41,435				-			$	41,435				-

Fair Value Measurements, Nonrecurring [Table Text Block]

		December 31, 2017
			Fair Value				Level 1				Level 2				Level 3				Loss 2017
Vessel profit participating liability			$1,297,100				-				$1,297,100				-				-
Vessels held for sale			$5,000,000				-				$5,000,000				-				$4,595,819

		December 31, 2018
			Fair Value				Level 1				Level 2				Level 3				Loss 2018
Vessel profit participating liability			$1,067,500				-				$1,067,500				-				-

December 31, 2019

Fair Value

Level 1

Level 2

Level 3

Loss 2019

Vessel profit participating liability

-

-

-

-

-

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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