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Note 5 - Advances for Vessels Under Construction and Acquisitions (Detail) - Advances for Vessels Under Construction and Acquisitions (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Balance, December 31, 2011 $ 22,347,811  
Balance, September 30, 2012 19,200,000  
Advances paid 61,632,106  
Capitalized interest 160,439 445,572
Capitalized expenses 721,220  
Vessels delivered (Note 6) $ (65,661,576)