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Note 3 -Transactions with Related Parties (Detail) (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Management Fee Per Day Per Vessel $ 440    
Management Fee Per Day Per Vessel Under Bareboat Charter 125    
Vessel Brokerage Commission Pecentage 1.25%    
Vessel Brokerage Commission 1,094,730 1,116,620  
Professional and Contract Services Expense 3,207,885 3,673,865  
Sales and Purchase Broker Commission Fee Percentage 1.00%    
Salesand Purchase Broker Commission Fee 634,479 621,745  
General and Administrative Expense 2,151,866 1,973,265  
Due to Related Parties, Current 7,982,622   7,874,990
Reimbursed Compensation Manager [Member]
     
General and Administrative Expense 1,220,548 869,086  
Office Space Rent [Member]
     
Related Party Transaction, Amounts of Transaction 56,994 44,253  
Emihar Petroleum Inc [Member]
     
Revenue from Related Parties 1,891,884    
Affiliated Company [Member]
     
Vessel Purchase Price 96,000,000    
Advances Percentage For Vessels Under Construction Acquisitions 20.00%    
Commission Expenses [Member]
     
Net (gain) loss on sale of vessels $ 192,000 $ 258,500