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Note 8 - Accrued Liabilities

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

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,
		2015				2016
Interest on long-term debt			2,536,034				2,660,766
Administrative expenses			291,932				206,840
Vessel operating and voyage expenses			2,774,973				2,431,873
Total			5,602,939				5,299,479

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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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