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Note 17 - Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Note 17 - Financial Instruments (Tables) [Line Items]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

Counterparty		SWAP Number (Nr)				Notional Amount			Period (Years)	Effective Date		Interest Rate Payable				Fair Value - Liability
						June 30, 2014										December 31, 2013				June 30,  2014
ALPHA BANK			1			$	20,000		7	March 30, 2008			10.85	%			(1,697	)			(1,134	)

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

Warrants Outstanding			Term		Warrant Exercise Price				Fair Value – Liability
June 30, 2014									December 31, 2013				June 30, 2014
	5,330,000		5 years		$	2.50				-				(7,157	)

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

Liability Financial Instruments
	December 31, 2013										June 30, 2014
Financial Instruments not designated as hedging instruments
	Balance Sheet Location		Fair Value			Balance Sheet Location		Fair Value			Balance Sheet Location		Fair Value			Balance Sheet Location		Fair Value
Interest rate swaps	Current liabilities – Financial instruments		$	1,135		Non-Current liabilities –Financial instruments		$	562		Current liabilities – Financial instruments		$	1,134		Non-Current liabilities – Financial instruments		$	-
Warrants	-		$	-		-		$	-		-		$	-		-		$	7,157

Derivative Instruments, Gain (Loss) [Table Text Block]

Financial Instruments not designated as hedging instruments	Location in Statement of Comprehensive Income	June 30, 2013				June 30, 2014
Interest rate swaps- change in fair value	Gain on financial instruments included under ‘Net loss on financial instruments’		$	1,388			$	563
Interest rate swaps– realized loss	Net loss on derivative financial instruments		$	(1,448	)		$	(564	)
Warrants- change in fair value	Loss on financial instruments included under ‘Net loss on financial instruments’		$	-			$	(679	)
Total			$	(60	)		$	(680	)

Fair Value, Measurements, Recurring [Member]

Note 17 - Financial Instruments (Tables) [Line Items]

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

As of December 31, 2013						Fair Value Measurement at Reporting Date Using Quoted Prices in
		Total				Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)
Interest rate swaps		$	1,697				-			$	1,697			$	-

As of June 30, 2014						Fair Value Measurement at Reporting Date Using Quoted Prices in
		Total				Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)
Interest rate swaps		$	1,134				-			$	1,134			$	-
Warrants		$	7,157				-			$	-			$	7,157

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258



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-Topic 820

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Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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