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Note 11 - Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

Schedule of Debt [Table Text Block]

Term Loans				Drawn				December 31,				Movement in 2017								December 31,
Issue Date		Maturity Date		Amount				2016				Additions				Repayments				2017
June 21, 2007		December 21, 2017			49,875,000				14,414,250				-				(14,414,250	)			-
February 12, 2008		February 19, 2020			40,250,000				16,875,000				-				(2,500,000	)			14,375,000
July 30, 2008		November 4, 2020			33,240,000				17,728,000				-				(1,939,000	)			15,789,000
October 9, 2008		October 9, 2020			29,437,000				7,090,000				-				(780,000	)			6,310,000
September 15, 2016		September 15, 2021			24,600,000				21,141,273				-				(4,026,908	)			17,114,365
April 14, 2014		April 14, 2020			20,400,000				14,900,000				-				(1,800,000	)			13,100,000
February 1, 2011		September 1, 2018			49,400,000				31,250,000				-				(3,300,000	)			27,950,000
March 1, 2011		June 20, 2020			43,250,000				29,375,000				-				(3,000,000	)			26,375,000
September 23, 2013		September 30, 2020			45,212,500				28,791,594				-				(5,052,587	)			23,739,007
March 24, 2014		July 31, 2022			50,225,000				42,840,000				-				(3,605,000	)			39,235,000
April 16, 2014		April 16, 2020			30,000,000				22,335,000				-				(3,330,000	)			19,005,000
June 12, 2014		October 2, 2020			13,000,000				11,240,000				-				(880,000	)			10,360,000
June 20, 2014		January 8, 2023			20,925,000				18,440,000				-				(1,420,000	)			17,020,000
December 20, 2013		June 30, 2023			67,200,000				59,475,000				-				(3,960,000	)			55,515,000
December 24, 2015		December 14, 2022			22,400,000				20,906,672				-				(1,493,328	)			19,413,344
July 4, 2014		September 3, 2021			22,750,000				20,718,750				-				(1,625,000	)			19,093,750
July 29, 2014		July 7, 2023			25,350,000				22,709,375				-				(2,112,500	)			20,596,875
December 7, 2017		December 11, 2022			22,275,000				-				10,500,000				-				10,500,000
May 18, 2016		May 16, 2025			65,650,000				-				32,500,000				(1,015,500	)			31,484,500
Total									400,229,914				43,000,000				(56,254,073	)			386,975,841

Current portion of long-term debt									55,238,573												42,580,323
Long term debt									344,991,341												344,395,518
Total debt									400,229,914												386,975,841


Current portion of deferred finance charges									644,858												613,716
Deferred finance charges non-current									1,699,467												1,453,677
Total deferred finance charges									2,344,325												2,067,393

Total debt									400,229,914												386,975,841
Less: Total deferred finance charges									2,344,325												2,067,393
Total debt, net of deferred finance charges									397,885,589												384,908,448
Less: Current portion of long-term debt, net of current portion of deferred finance charges									54,593,715												41,966,607
Long term debt, net of deferred finance charges									343,291,874												342,941,841

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

December 31,		Amount
2018			42,580,323
2019			42,505,323
2020			118,038,569
2021			53,874,219
2022			58,478,532
Thereafter			71,498,875

Total			386,975,841