XML 49 R35.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 11 - Long-term Debt (Tables)
 12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
Term Loans   Original   December 31,   Movement in 2015     December 31,  
Issue Date   Maturity Date   Amount   2014   Additions   Repayments     2015  
December 5, 2005   September 9, 2016     100,067,500       13,816,882       -       (5,029,852 )     8,787,030  
May 17, 2006   May 30, 2016     79,850,000       14,500,000       -       (14,500,000 )     -  
June 6, 2006   June 28, 2016     6,580,000       1,763,440       -       (473,760 )     1,289,680  
June 21, 2007   December 21, 2017     49,875,000       22,365,764       -       (4,869,014 )     17,496,750  
February 12, 2008   February 19, 2020     40,250,000       21,875,000       -       (2,500,000 )     19,375,000  
July 30, 2008   November 4, 2020     33,240,000       21,606,000       -       (1,939,000 )     19,667,000  
October 9, 2008   October 9, 2020     29,437,000       8,650,000       -       (780,000 )     7,870,000  
January 30, 2009   July 15, 2016     45,000,000       30,550,000       -       (3,400,000 )     27,150,000  
April 14, 2014   April 14, 2020     20,400,000       19,300,000       -       (2,200,000 )     17,100,000  
February 1, 2011   September 1, 2018     49,400,000       37,850,000       -       (3,300,000 )     34,550,000  
March 1, 2011   June 20, 2020     43,250,000       35,375,000       -       (3,000,000 )     32,375,000  
September 23, 2013   September 30, 2020     45,212,500       38,896,767       -       (5,052,587 )     33,844,180  
March 24, 2014   June 30, 2021     50,225,000       33,040,000       15,925,000       (2,520,000 )     46,445,000  
April 16, 2014   April 16, 2020     30,000,000       12,915,000       15,750,000       (3,000,000 )     25,665,000  
June 12, 2014   October 2, 2020     13,000,000       13,000,000       -       (880,000 )     12,120,000  
June 20, 2014   January 8, 2023     20,925,000       -       20,925,000       (1,065,000 )     19,860,000  
December 20, 2013   November 16, 2022     67,200,000       -       32,000,000       (500,000 )     31,500,000  
December 24, 2015   December 14, 2022     22,400,000       -       22,400,000       -       22,400,000  
July 4, 2014   September 3, 2021     22,750,000       -       22,750,000       (406,250 )     22,343,750  
July 29, 2014   July 7, 2023     25,350,000       -       25,350,000       (528,125 )     24,821,875  
Total                 325,503,853       155,100,000       (55,943,588 )     424,660,265  
                                             
Current portion of long-term debt       42,614,213                       75,546,625  
Long term debt       282,889,640                       349,113,640  
Total debt       325,503,853                       424,660,265  
                                   
                                   
Current portion of deferred finance charges       488,551                       618,174  
Deferred finance charges non-current       1,032,992                       1,879,537  
Total deferred finance charges       1,521,543                       2,497,711  
                                   
Total debt       325,503,853                       424,660,265  
Less: Total deferred finance charges         1,521,543                       2,497,711  
Total  debt, net of deferred finance charges       323,982,310                       422,162,554  
Less: Current portion of long-term debt, net of current portion of deferred finance charges       42,125,662                       74,928,451  
Long term debt, net of deferred finance charges       281,856,648                       347,234,103  
Schedule of Maturities of Long-term Debt [Table Text Block]
December 31,   Amount
2016     75,546,625  
2017     49,251,665  
2018     58,462,415  
2019     29,887,415  
2020     105,420,661  
Thereafter     106,091,485  
         
Total     424,660,265