XML 48 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6

Note 6 - Vessels, Net and Vessels Held for Sale (Tables)

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Table Text Block]

		Vessel cost				Accumulated Depreciation				Net Book Value
Balance, December 31, 2010			702,016,175				(98,951,164	)			603,065,011
Acquisitions (transfer from Advances for Vessels under Construction and Acquisitions)			69,906,578				—				69,906,578
Held for sale			(1,310,488	)			389,203				(921,285	)
Disposals			(41,160,174	)			10,504,963				(30,655,211	)
Depreciation for the year			—				(27,562,120	)			(27,562,120	)
Balance, December 31, 2011			729,452,091				(115,619,118	)			613,832,973
Acquisitions (transfer from Advances for Vessels under Construction and Acquisitions)			65,661,599				—				65,661,599
Disposals			(18,811,000	)			2,727,787				(16,083,213	)
Depreciation for the year			—				(28,776,688	)			(28,776,688	)
Balance, December 31, 2012			776,302,690				(141,668,019	)			634,634,671

X

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 13

-Subparagraph b

-Article 5



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 5

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.13)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration