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Note 9 - Deferred Income | 12 Months Ended
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Dec. 31, 2016
Notes to Financial Statements |
Deferred Revenue Disclosure [Text Block] |
9. | Deferred Income
The amounts shown in the accompanying consolidated balance sheets amounting to $5,423,533 and $4,856,122 represent cash related to time and bareboat charter revenues received in advance as of December 31, 2015 and as of December 31, 2016, respectively.

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- Definition The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 430 -URI http://asc.fasb.org/topic&trid=2122452 + Details
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- References No definition available. + Details
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