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Note 5 - Advances for Vessels Under Construction and Acquisitions (Tables)

9 Months Ended

Sep. 30, 2012

Advances for Vessels Under Construction and Acquisitions [Table Text Block]

Balance, December 31, 2011			22,347,811
Advances paid			61,632,106
Capitalized interest			160,439
Capitalized expenses			721,220
Vessels delivered (Note 6)			(65,661,576	)
Balance, September 30, 2012			19,200,000

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