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Note 12 - Derivatives and Fair Value Disclosures (Tables)
12 Months Ended
Dec. 31, 2017
Notes Tables  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
 
 
 
 
 
December 31,
 
 
 
 
 
 
2016
 
 
 
2017
 
Derivatives designated as
hedging instruments
 
Balance Sheet Location
 
 
Asset
Derivatives
 
 
 
Liability
Derivatives
 
 
 
Asset
Derivatives
 
 
 
Liability
Derivatives
 
Interest Rate Swap Agreements  
Non current assets — Fair value of derivatives
   
263,635
     
     
645,169
     
 
Interest Rate Swap Agreements  
Non current liabilities — Fair value of derivatives
   
     
364,823
     
     
126,525
 
                                     
Total derivatives designated as hedging instruments  
 
   
263,635
     
364,823
     
645,169
     
126,525
 
Derivative Instruments, Gain (Loss) [Table Text Block]
 
 
 
 
 
Year Ended December 31,
 
Derivatives not designated as hedging instruments
 
Location of Gain/(Loss) Recognized
 
 
2015
 
 
 
2016
 
 
 
2017
 
Interest Rate Swap — Change in Fair Value  
Loss on derivatives
   
1,191,050
     
297,656
     
 
Interest Rate Swap — Realized loss  
Loss on derivatives
   
(1,243,359
)    
(297,954
)    
 
Foreign Currency Contract — Change in Fair Value  
Loss on derivatives
   
583,368
     
     
 
Foreign Currency Contract — Realized loss  
Loss on derivatives
   
(669,712
)    
     
 
                             
Total loss on derivatives  
 
   
(138,653
)    
(298
)    
 
 
 
 
 
 
Year Ended December 31,
 
Derivatives designated as hedging instruments
 
Location of  Loss Recognized
 
 
2015
 
 
 
2016
 
 
 
2017
 
Interest Rate Swap — Loss reclassified from OCI (Effective portion)  
Loss on derivatives
   
(231,931
)    
(766,898
)    
(403,943
)
                             
Total loss on derivatives  
 
   
(231,931
)    
(766,898
)    
(403,943
)
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
    Unrealized Gain /
(Loss) on cash flow hedges
 
Balance, January 1, 2015    
(293,020
)
Effective portion of changes in fair value of interest swap contracts    
(100,268
)
Balance, December 31, 2015    
(393,288
)
Effective portion of changes in fair value of interest swap contracts    
418,723
 
Balance, December 31, 2016    
25,435
 
Effective portion of changes in fair value of interest swap contracts    
592,460
 
Balance, December 31, 2017    
617,895
 
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
 
 
 
 
 
Fair Value Measurements Using
 
Description
 
Fair Value
as of
December 31,
2016
 
 
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
 
Significant
Other
Observable
Inputs
(Level 2)
 
 
Significant
Unobservable
Inputs
(Level 3)
 
Assets/(Liabilities):                                
Interest Rate Swap Agreements    
263,635
     
     
263,635
     
 
Interest Rate Swap Agreements    
(364,823
)    
     
(364,823
)    
 
                                 
Total    
(101,188
)    
     
(101,188
)    
 
 
 
 
 
 
Fair Value Measurements Using
 
Description
 
Fair Value
as of
December 31,
2017
 
 
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
 
Significant
Other
Observable
Inputs
(Level 2)
 
 
Significant
Unobservable
Inputs
(Level 3)
 
Assets/(Liabilities):                                
Interest Rate Swap Agreements    
645,169
     
     
645,169
     
 
Interest Rate Swap Agreements    
(126,525
)    
     
(126,525
)    
 
                                 
Total    
518,644
     
     
518,644
     
 
Schedule of Fair Value, Assets and Liabilities Measured on Non-recurring Basis [Table Text Block]
         
Fair Value Measurements Using
       
Description   Fair Value
as of
December 31,
2016
    Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
    Impairment
Loss
 
                               
Long-lived assets held and used    
26,500,000
     
     
26,500,000
     
     
(5,735,086
)
                                         
Total    
26,500,000
     
     
26,500,000
     
     
(5,735,086
)
          Fair Value Measurements Using        
Description   Fair Value
as of
June 30,
2017
    Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
    Impairment
Loss
 
Long-lived assets held and used    
6,000,000
     
     
6,000,000
     
     
(897,965
)
Long-lived assets held for sale
   
5,800,000
     
     
5,800,000
     
     
(2,327,927
)
Total    
11,800,000
     
     
11,800,000
     
     
(3,225,892
)
         
Fair Value Measurements Using
       
Description
 
Fair Value
as of
September 30,
2017
 
 
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1) 
 
 
Significant
Other
Observable
Inputs
(Level 2) 
 
 
Significant
Unobservable
Inputs
(Level 3) 
 
 
Impairment
Loss 
 
Long-lived assets held and used    
8,000,000
     
     
8,000,000
     
     
(1,258,037
)
Long-lived assets held for sale
   
6,250,000
     
     
6,250,000
     
     
(1,977,344
)
Total    
14,250,000
     
     
14,250,000
     
     
(3,235,381
)