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Note 17 - Fair Value Measurement
 6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Fair Value Disclosures [Text Block]
1
7
. Fair value measurement:
 
For financial assets and liabilities recorded in our financial statements at fair value we utilize a valuation hierarchy for disclosure of the inputs to valuation used to measure fair value. This hierarchy prioritizes the inputs into
three
broad levels. Level
1
inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level
2
inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level
3
inputs are unobservable inputs based on the Company's own assumptions used to measure assets and liabilities at fair value. A financial asset or liability's classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.
 
The following table provides a summary of the fair values of the Company's derivative instrument assets and liabilities measured at fair value on a recurring basis at
June 30, 2019 (
Dollar amounts in thousands of U.S. dollars
):
  
  
   
June 30, 2019
  
   
Fair Value Measurement Using
    
 
 
 
   
Level 1
    
Level 2
    
Level 3
    
Assets at Fair value
 
Derivative Instrument asset
                                
                                 
Total Asset
   $       $
140
     $       $
140
  
 
 
 
   
December 31, 2018
  
   
Fair Value Measurement Using
    
 
Liabilities at Fair
 
 
   
Level 1
    
Level 2
    
Level 3
    
value
 
Derivative Instrument liability
                                
                                 
Total Liabilities
   $       $
1,276
     $       $
1,276