XML 26 R48.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 10 - Long-term Debt (Detail) (USD $)
0 Months Ended 12 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 2 Months Ended 0 Months Ended 1 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended 16 Months Ended
Sep. 06, 2012
Jun. 21, 2012
Jan. 12, 2012
Sep. 23, 2011
Apr. 20, 2011
Mar. 01, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2012
Amount After Waiver [Member]
Dec. 31, 2012
Minimum [Member]
Term Loan [Member]
Dec. 31, 2012
Minimum [Member]
Dec. 31, 2012
Maximum [Member]
Term Loan [Member]
Dec. 31, 2012
Maximum [Member]
Sep. 06, 2012
Not To Exceed [Member]
Dec. 31, 2012
Not To Exceed [Member]
Sep. 06, 2012
Lesser of [Member]
DVB Bank [Member]
Condition Met At Delivery [Member]
Sep. 06, 2012
Lesser of [Member]
DVB Bank [Member]
Condition Not Being Met [Member]
Feb. 29, 2012
BNP Paribas [Member]
May 10, 2012
Emporiki Bank [Member]
May 19, 2011
Term Loan - Supplemental Agreement [Member]
Dec. 31, 2013
Term Loan - Supplemental Agreement [Member]
Dec. 31, 2012
Term Loan - Supplemental Agreement [Member]
Jun. 30, 2013
Term Loan - Supplemental Agreement [Member]
Mar. 31, 2012
Term Loan - Supplemental Agreement [Member]
Aug. 31, 2012
Term Loan - Supplemental Agreement [Member]
Apr. 08, 2011
Term Loan - Supplemental Agreement [Member]
Debt Instrument, Increase, Additional Borrowings   $ 21,500,000 $ 21,750,000 $ 16,500,000 $ 16,400,000 $ 16,500,000 $ 43,250,000                   $ 67,200,000 $ 62,500,000                  
Debt Instrument, Basis Spread on Variable Rate                       0.70%   3.00%                         1.90%
Value to Loan Ratio             125.00%     110.00% 110.00%   130.00%                 125.00% 125.00% 110.00% 110.00%    
Repayments of Debt                                     791,823 12,826,919 1,500,000            
Balloon Payment                                                     9,375,000
Required Loan Payment                                                   625,000  
Percentage of Total Debt To Total Maket Value Adjusted Assets                             80.00%                        
EBITDA to Interest Expense             2.5:1                                        
Required Ownership Percentage             15.00%                                        
Cash 1,300,000                                                    
Percentage of Dividends Paid To Free Cash Flow                               50.00%                      
Debt, Weighted Average Interest Rate             2.39% 2.23% 2.20%                                    
Interest Expense, Debt             9,035,248 7,864,282 7,418,572                                    
Interest Costs Capitalized             281,484 557,565 556,314                                    
Line of Credit Facility, Amount Outstanding             26,875,000                                        
Cash Collateral for Borrowed Securities             $ 3,700,000                                        
Percentage of Fair Market Value of Vessel Subject to the Minimum Employment Condition                                 70.00% 65.00%                  
Percentage of Fair Market Value of Vessel Subject to the Minimum Employment Condition                                 70.00% 65.00%                  
Debt Instrument Number of Quarterly Installments 28 months