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Note 7 - Long-term Bank Loans (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Long-Term Debt Instruments [Table Text Block]

Borrower

  

December 31,
2022

  

December 31,
2023

 

Kamsarmax Two Shipping Ltd.

(a)

  11,950,000   13,520,000 

Kamsarmax One Shipping Ltd. / Ultra One Shipping Ltd.

(b)

  23,200,000   21,200,000 

Eirini Shipping Ltd.

(c)

  3,530,000   2,690,000 

Light Shipping Ltd. / Good Heart Shipping Ltd.

(d)

  17,000,000   14,600,000 

Blessed Luck Shipowners Ltd.

(e)

  4,750,000   3,750,000 

Areti Shipping Ltd.

(f)

  2,400,000   1,000,000 

Molyvos Shipping Ltd. / Santa Cruz Shipowners Ltd.

(g)

  19,025,000   15,575,000 

Yannis Navigation Ltd.

(h)

  -   10,500,000 

Christos Ultra LP. / Maria Ultra LP.

(i)

  -   22,000,000 
    81,855,000   104,835,000 

Less: Current portion

  (23,040,000)  (18,050,000)

Long-term portion

  58,815,000   86,785,000 

Deferred charges, current portion

  181,913   245,447 

Deferred charges, long-term portion

  454,831   661,937 

Long-term bank loans, current portion net of deferred charges

  22,858,087   17,804,553 

Long-term bank loans, long-term portion net of deferred charges

  58,360,169   86,123,063 
Schedule of Maturities of Long-Term Debt [Table Text Block]

To December 31:

    

2024

  18,050,000 

2025

  9,650,000 

2026

  9,670,000 

2027

  46,965,000 

2028

  3,000,000 

Thereafter

  17,500,000 

Total

  104,835,000