XML 63 R52.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 4 - Advances for Vessels Acquisitions / Under Construction: (Details) (USD $)
1 Months Ended 1 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended
Mar. 19, 2014
Mar. 31, 2014
Dec. 31, 2013
Dec. 16, 2013
Dec. 05, 2013
Jun. 24, 2011
Mar. 19, 2014
Option To Extend [Member]
Hull S418 [Member]
Mar. 19, 2014
Option To Extend [Member]
Hull S407 [Member]
Dec. 16, 2013
Option To Extend [Member]
Vessel Two [Member]
Mar. 19, 2014
Option to Extend Year Two [Member]
Hull S418 [Member]
Mar. 19, 2014
Hull S418 [Member]
T
Dec. 05, 2013
Hull S418 [Member]
T
Mar. 19, 2014
Hull S407 [Member]
T
Feb. 14, 2014
Hull S407 [Member]
Feb. 06, 2014
Hull S407 [Member]
Dec. 16, 2013
Hull S407 [Member]
T
Feb. 06, 2014
Hull S406 [Member]
T
Mar. 31, 2014
Hull S406 [Member]
Mar. 19, 2014
Hull S418 and Hull S407 [Member]
Mar. 19, 2014
Hull S414 [Member]
T
Mar. 19, 2014
Hull S417 [Member]
T
Mar. 19, 2014
Hull S419 [Member]
T
Mar. 31, 2014
Hull Nos. S407, S414, S417, S418 and S419 [Member]
Dec. 05, 2013
Vessel One [Member]
T
Dec. 16, 2013
Vessel Two [Member]
T
Mar. 31, 2014
Capitalized Expenses [Member]
Note 4 - Advances for Vessels Acquisitions / Under Construction: (Details) [Line Items]                                                    
Size of Vessel (in US Ton)                     39,000 39,000 50,000     50,000 50,000     50,000 50,000 39,000   39,000 50,000  
Vessel Acquisition Purchase Price       $ 37,000,000 $ 35,000,000             $ 35,000,000     $ 38,300,000 $ 37,000,000     $ 14,693,000 $ 10,990,000 $ 10,820,000 $ 6,830,000   $ 35,000,000 $ 37,000,000  
Vessel Acquisition Deposit                       7,000,000       7,400,000               7,000,000 7,400,000  
Payment to Purchase of Vessel                           3,500,000 7,400,000                      
Accounts Payable                           27,400,000                        
Business Combination, Consideration Transferred 43,333,000                                                  
Payments to Acquire Businesses, Gross 2,500,000                                                  
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) 5,833,214                                                  
Share Capital Percentage                                     100.00% 100.00% 100.00% 100.00%        
Charter Term                     3 years   2 years                       2 years  
Charter Rate Per Day             16,000,000 17,250,000 17,250,000 16,750,000 15,200,000   16,000,000                       16,000,000  
Agreement Deposit                                     7,000,000              
Advances For Vessels Acquisitions Under Construction   $ 33,007,000 $ 14,400,000                             $ 10,900         $ 22,084     $ 23
Right to Buy Back Shares (in Shares) 2,046,342                                                  
Share Price (in Dollars per share) $ 8.404         $ 0.01                                        
Vessel Acquisition Deposit Percentage       20.00%                                       20.00% 20.00%  
Vessel Acquisition Balance On Delivery Percentage       80.00%                                       80.00% 80.00%