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Note 15 - Voyage Expenses and Vessel Operating Expenses | 12 Months Ended
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Dec. 31, 2014
Voyage Expenses And Vessel Operating Expenses [Abstract] |
Voyage Expenses And Vessel Operating Expenses [Text Block] |
15. | Voyage Expenses and Vessel Operating Expenses
The amounts in the accompanying consolidated statements of income are analyzed as follows:
|  | Year ended December 31, |
Voyage Expenses |  | 2012 |  |  | 2013 |  |  | 2014 |
Port expenses |  |  | 1,749,565 |  |  |  | 2,067,494 |  |  |  | 2,278,961 |
Bunkers |  |  | 7,253,583 |  |  |  | 8,347,130 |  |  |  | 7,553,318 |
Commissions |  |  | 3,304,220 |  |  |  | 3,244,939 |  |  |  | 3,725,645 |
Other voyage expenses |  |  | 396,382 |  |  |  | 643,067 |  |  |  | 529,587 |
Total |  |  | 12,703,750 |  |  |  | 14,302,630 |  |  |  | 14,087,511 |
|  | Year ended December 31, |
Vessels’ Operating Expenses |  | 2012 |  |  | 2013 |  |  | 2014 |
Crew wages and related costs |  |  | 19,304,929 |  |  |  | 22,138,595 |  |  |  | 26,378,730 |
Insurance |  |  | 1,260,289 |  |  |  | 1,667,915 |  |  |  | 2,028,142 |
Repairs and maintenance |  |  | 3,026,513 |  |  |  | 4,243,133 |  |  |  | 5,194,476 |
Spares and consumable stores |  |  | 5,313,053 |  |  |  | 5,757,455 |  |  |  | 7,120,974 |
Miscellaneous expenses |  |  | 1,687,193 |  |  |  | 2,716,455 |  |  |  | 4,713,014 |
Total |  |  | 30,591,977 |  |  |  | 36,523,553 |  |  |  | 45,435,336 |

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