XML 87 R27.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Note 19 - Subsequent Events | 12 Months Ended
--- | ---
Dec. 31, 2014
Subsequent Events [Abstract] |
Subsequent Events [Text Block] |
19. | Subsequent Events
| (a) | On January 9, 2015, the Company paid the delivery installment amounting to $6,732,334 and took delivery of the vessel “Eco Lucidity”.
| (b) | On February 26, 2015, the Company’s Board of Directors approved the extension of the existing stock repurchase plan for an additional amount of $20,000,000 to be used for repurchasing the Company’s common shares. From the beginning of 2015 and up to April 15, 2015, the Company completed the repurchase of 926,074 shares paying an average price per share of $6.08. These shares are held as treasury stock by the Company.
| (c) | On March 12, 2015, the Company concluded separate memoranda of agreements for the demolition of the vessels “Gas Kaizen” and “Gas Crystal” for an aggregate amount of $2,117,684. The “Gas Kaizen” was delivered on April 1, 2015 and the “Gas Crystal” was delivered on April 16, 2015. Gain on the demolition of these vessels amounted to $34,751.
| (d) | On March 27, 2015, the Company repaid the outstanding balance of the term loan dated May 17, 2006, amounting to $13,500,000.
| (e) | On April 14, 2015, the Company paid the delivery installment amounting to $14,625,000 and took delivery of the vessel “Eco Enigma”.
| (f) | On April 22, 2015, the committed third tranche of the facility agreement dated April 16, 2014 amounting to $15,750,000 was drawn down.

X
- Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration