Note 1 - Effects of the Plan and Fresh Start Reporting on the Balance Sheet (Details)	Oct. 15, 2014 USD ($)
Predecessor [Member]
Cash at hand before emergence	$ 28,144,072
Accounts receivable, net	13,723,326
Prepaid expenses	3,650,965
Inventories	8,668,803
Investment	13,585,444
Other assets	5,704,808
Total current assets	73,477,418
Vessels and vessel improvements	1,581,232,547
Other fixed assets	457,510
Restricted cash	66,243
Deferred drydock costs	5,108,002
Deferred financing costs	300,000
Other assets	2,943,540
Total noncurrent assets	1,590,107,842
Total assets	1,663,585,260
Accounts payable	13,567,585
Accrued interest	121,666
Other accrued liabilities	12,617,380
Unearned charter hire revenue	2,617,419
Debt-In-Possession loan	25,000,000
Total current liabilities not subject to compromise	53,924,050
Term loans	1,129,478,741
Payment-in-kind loans	62,423,569
Accrued interest	15,102,925
Total Liabilities subject to compromise	1,207,005,235
Total liabilities	1,260,929,285
Predecessor Common stock	185,537
Predecessor Additional paid-in capital	767,878,482
Retained (deficit) earnings	(365,176,049)
Accumulated other comprehensive loss	(231,995)
Total stockholders' equity	402,655,975
Total liabilities and stockholders' equity	1,663,585,260
Successor [Member]
Beginning cash balance for the successor	36,048,704
Accounts receivable, net	13,723,326
Prepaid expenses	3,256,285
Inventories	8,668,803
Investment	13,585,444
Other assets	5,704,808
Total current assets	80,987,370
Vessels and vessel improvements	842,625,000
Other fixed assets	245,822
Restricted cash	66,243
Deferred financing costs	575,000
Other assets	427,596
Total noncurrent assets	843,939,661
Total assets	924,927,031
Accounts payable	13,567,585
Accrued interest	15,069
Other accrued liabilities	9,146,571
Unearned charter hire revenue	2,617,419
Fair value below contract value	1,550,382
Term loans	15,625,000
Total current liabilities not subject to compromise	42,522,026
Long-term debt	203,875,000
Fair value below contract value	5,012,116
Total non-current liabilities not subject to compromise	208,887,116
Total liabilities	251,409,142
Successor Common stock	375,045
Successor Additional paid-in capital	673,142,844
Total stockholders' equity	673,517,889
Postconfirmation, Liabilities and Stockholders' Equity	924,927,031
Reorganization Adjustments [Member]
Cash and cash equivalents	7,904,632	[1]
Prepaid expenses	139,537	[1]
Total current assets	8,044,169	[1]
Deferred financing costs	275,000	[1]
Total noncurrent assets	275,000	[1]
Total assets	8,319,169	[1]
Accrued interest	(106,597)	[1]
Other accrued liabilities	$ (3,470,809)	[1]
Fair value below contract value
Debt-In-Possession loan	$ (25,000,000)	[1]
Term loans	15,625,000	[1]
Total current liabilities not subject to compromise	(12,952,406)	[1]
Long-term debt	$ 203,875,000	[1]
Fair value below contract value
Total non-current liabilities not subject to compromise	$ 203,875,000	[1]
Term loans	(1,129,478,741)	[1]
Payment-in-kind loans	(62,423,569)	[1]
Accrued interest	(15,102,925)	[1]
Total Liabilities subject to compromise	(1,207,005,235)	[1]
Total liabilities	(1,016,082,641)	[1]
Predecessor Common stock	(185,537)	[1]
Predecessor Additional paid-in capital	(767,878,482)	[1]
Successor Common stock	375,045	[1]
Successor Additional paid-in capital	673,142,844	[1]
Retained (deficit) earnings	$ 1,118,947,940	[1]
Accumulated other comprehensive loss
Total stockholders' equity	$ 1,024,401,810	[1]
Total liabilities and stockholders' equity	$ 8,319,169	[1]
Fresh Start Adjustments [Member]
Cash and cash equivalents
Prepaid expenses	$ (534,217)
Total current assets	(534,217)
Write down of vessel costs and accumulated depreciation	(738,607,547)
Write down of leasehold improvements	(211,688)
Write down of deferred drydocking costs	$ (5,108,002)
Deferred financing costs
Other assets	$ (2,515,944)
Total noncurrent assets	(746,443,181)
Total assets	$ (746,977,398)
Accrued interest
Other accrued liabilities
Fair value below contract value	$ 1,550,382
Debt-In-Possession loan
Term loans
Total current liabilities not subject to compromise	$ 1,550,382
Long-term debt
Fair value below contract value	$ 5,012,116
Total non-current liabilities not subject to compromise	$ 5,012,116
Term loans
Payment-in-kind loans
Accrued interest
Total Liabilities subject to compromise
Total liabilities	$ 6,562,498
Predecessor Common stock
Predecessor Additional paid-in capital
Successor Common stock
Successor Additional paid-in capital
Retained (deficit) earnings	$ (753,771,891)
Accumulated other comprehensive loss	231,995
Total stockholders' equity	(753,539,896)
Total liabilities and stockholders' equity	(746,977,398)
Cash at hand before emergence	28,144,072
Beginning cash balance for the successor	36,048,704
Write down of vessel costs and accumulated depreciation	(738,607,547)
Write down of leasehold improvements	(211,688)
Write down of deferred drydocking costs	(5,108,002)
Term loans	(1,129,478,741)
Payment-in-kind loans	(62,423,569)
Accrued interest	(15,102,925)
Postconfirmation, Liabilities and Stockholders' Equity	$ 925,000,000

[1] Reorganization adjustments: This column represents amounts recorded on the Effective Date for the implementation of the Plan, including the settlement of Liabilities subject to compromise and related payments, the issuance of new shares of common and new warrants, repayment of DIP facility and cancellation of Predecessor's common stock.