Note 1 - Basis of Presentation and General Information

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Basis of Presentation and General Information

The accompanying consolidated financial statements include the accounts of StealthGas Inc. and its wholly owned subsidiaries (collectively, the “Company”) which, as of

December

31,

2016

owned a fleet of

forty

nine

liquefied petroleum gas (LPG) carriers,

three

medium range (M.R.) type product carriers and

one

Aframax tanker providing worldwide marine transportation services under long, medium or short-term charters. StealthGas Inc. was formed under the laws of Marshall Islands on

December

22,

2004.

The Company’s vessels are managed by Stealth Maritime Corporation S.A. (the “Manager”), a related party. The Manager is a company incorporated in Liberia and registered in Greece on

May

17,

1999

under the provisions of law

89/1967,

378/1968

and article

of law

27/75

as amended by article

of law

2234/94.

(See Note

3).

During

2014

and

2015,

Charterer A accounted for

10%

or more of the Company’s revenues, while during

2016

no charterer accounted for

10%

or more of the Company’s revenues as follows:

	Year ended December 31,
Charterer	2014			2015			2016
A		13	%		13	%		—