Note 7 - Deferred Drydock Costs

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Deferred Drydock Costs Disclosure [Text Block]

Note

7.

  Deferred Drydock Costs

 Drydocking activity is summarized as follows:

	Successor								Predecessor
	2016			2015			October 16, 2014 To December 31, 2014		January 1, 2014 To October 15, 2014
Beginning Balance	$	11,146,009		$	1,960,792		$	-	$	3,826,685
Payment for drydocking		3,688,711			11,141,561			1,960,792		3,802,795
Drydock amortization		(3,327,411	)		(1,956,344	)		-		(2,521,478	)
Write-off as part of Fresh Start Accounting		-			-			-		(5,108,002	)
Ending Balance	$	11,507,309		$	11,146,009		$	1,960,792	$	-