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Loss on Sale of Assets
3 Months Ended
Mar. 31, 2016
Loss on Sale of Assets [Abstract]  
Loss on Sale of Assets

NOTE 6 – LOSS ON SALE OF ASSETS

During the first quarter of 2015, we sold a 36,000 dead weight ton handysize vessel and its related equipment.  We received $16.4 million, net of commissions and other costs to sell, and recorded a loss on sale of asset of approximately $68,000 during the quarter. Additionally, we paid off related debt of approximately $13.5 million and recorded a loss on extinguishment of debt of approximately $95,000.    This vessel was previously reported in the Dry Bulk segment and was included in assets held for sale at December 31, 2014.