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Note 11 - Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

Schedule of Debt [Table Text Block]

Term Loans				Original				December 31,				Movement in 2016								December 31,
Issue Date		Maturity Date		Amount				2015				Additions				Repayments				2016
December 5, 2005		September 9, 2016			100,067,500				8,787,030				-				(8,787,030	)			-
June 6, 2006		June 28, 2016			6,580,000				1,289,680				-				(1,289,680	)			-
June 21, 2007		December 21, 2017			49,875,000				17,496,750				-				(3,082,500	)			14,414,250
February 12, 2008		February 19, 2020			40,250,000				19,375,000				-				(2,500,000	)			16,875,000
July 30, 2008		November 4, 2020			33,240,000				19,667,000				-				(1,939,000	)			17,728,000
October 9, 2008		October 9, 2020			29,437,000				7,870,000				-				(780,000	)			7,090,000
January 30, 2009		July 15, 2016			45,000,000				27,150,000				-				(27,150,000	)			-
September 15, 2016		September 15, 2021			24,600,000				-				24,600,000				(3,458,727	)			21,141,273
April 14, 2014		April 14, 2020			20,400,000				17,100,000				-				(2,200,000	)			14,900,000
February 1, 2011		September 1, 2018			49,400,000				34,550,000				-				(3,300,000	)			31,250,000
March 1, 2011		June 20, 2020			43,250,000				32,375,000				-				(3,000,000	)			29,375,000
September 23, 2013		September 30, 2020			45,212,500				33,844,180				-				(5,052,586	)			28,791,594
March 24, 2014		July 31, 2022			50,225,000				46,445,000				-				(3,605,000	)			42,840,000
April 16, 2014		April 16, 2020			30,000,000				25,665,000				-				(3,330,000	)			22,335,000
June 12, 2014		October 2, 2020			13,000,000				12,120,000				-				(880,000	)			11,240,000
June 20, 2014		January 8, 2023			20,925,000				19,860,000				-				(1,420,000	)			18,440,000
December 20, 2013		June 30, 2023			67,200,000				31,500,000				31,200,000				(3,225,000	)			59,475,000
December 24, 2015		December 14, 2022			22,400,000				22,400,000				-				(1,493,328	)			20,906,672
July 4, 2014		September 3, 2021			22,750,000				22,343,750				-				(1,625,000	)			20,718,750
July 29, 2014		July 7, 2023			25,350,000				24,821,875				-				(2,112,500	)			22,709,375
Total									424,660,265				55,800,000				(80,230,351	)			400,229,914

Current portion of long-term debt									75,546,625												55,238,573
Long term debt									349,113,640												344,991,341
Total debt									424,660,265												400,229,914


Current portion of deferred finance charges									618,174												644,858
Deferred finance charges non-current									1,879,537												1,699,467
Total deferred finance charges									2,497,711												2,344,325

Total debt									424,660,265												400,229,914
Less: Total deferred finance charges									2,497,711												2,344,325
Total debt, net of deferred finance charges									422,162,554												397,885,589
Less: Current portion of long-term debt, net of current portion of deferred finance charges									74,928,451												54,593,715
Long term debt, net of deferred finance charges									347,234,103												343,291,874

Schedule of Maturities of Long-term Debt [Table Text Block]

December 31,		Amount
2017			55,238,573
2018			64,449,323
2019			35,874,323
2020			111,407,569
2021			47,243,219
Thereafter			86,016,907

Total			400,229,914