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Note 5 - Advances for Vessels Under Construction and Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2012
Balance, December 31, 2010
    37,273,199  
Advances for vessels under construction and acquisitions
    52,797,646  
Capitalized interest
    557,565  
Capitalized expenses
    1,625,979  
Vessels delivered
    (69,906,578 )
Balance, December 31, 2011
    22,347,811  
Advances for vessels under construction and acquisitions
    61,632,129  
Capitalized interest
    281,484  
Capitalized expenses
    721,220  
Vessels delivered
    (65,661,599 )
Balance, December 31, 2012
    19,321,045