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Note 8 - Accrued Liabilities

12 Months Ended

Dec. 31, 2014

Disclosure Text Block Supplement [Abstract]

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

8. Accrued Liabilities

The amounts shown in the accompanying consolidated balance sheets are analyzed as follows:

		December 31,
		2013				2014
Interest on long-term debt			1,099,771				1,436,466
Administrative expenses			203,396				339,778
Vessel operating and voyage expenses			1,577,210				2,126,783
Total			2,880,377				3,903,027

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- Definition

The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period.

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