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Note 11 - Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

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

Derivative not designated as hedging instrument	Location of gain / (loss) recognized	Nine Months Ended September 30, 2019	Nine Months Ended September 30, 2020
Interest rate swap contract – Unrealized gain / (loss)	Loss on derivative, net	41,435	(582,850)
Interest rate swap contract - Realized (loss) / gain	Loss on derivative, net	(44,320)	18,219
Total loss on derivative		(2,885)	(564,631)

Fair Value Measurements, Nonrecurring [Table Text Block]

		September 30, 2020
		Fair Value				Level 1				Level 2				Level 3				Loss 2020
Vessel held for sale		$	3,873,406				-			$	3,873,406				-			$	121,165

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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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.

+ References

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