Note 5 - Derivative Instruments and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

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

Derivatives not designated	Location of	Amount of Loss				Amount of Loss
as hedging instruments	Loss Recognized	Three Months Ended				Nine Months Ended
		September 30, 2016		September 30, 2015		September 30, 2016		September 30, 2015
FFAs	Other expense	$	163,499	$	-	$	464,284	$	-
Total		$	163,499	$	-	$	464,284	$	-