v3.26.3
Note 10 - Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
     

Fair Value Measurement as of December 31, 2025

 
 

Balance Sheet location

 

Total

   

(Level 1)

   

(Level 2)

   

(Level 3)

 

Assets

                                 

FFA contracts, current portion

Derivative, current asset portion

  $ 84,510     $ 84,510       -       -  
      Fair Value Measurement as of June 30, 2026  
 

Balance Sheet location

 

Total

   

(Level 1)

   

(Level 2)

   

(Level 3)

 

Liabilities

                                 

FFA contracts, current portion

Derivatives, current liability portion

  $ 352,060     $ 352,060       -       -  
Fair Value Measurements, Nonrecurring [Table Text Block]

Derivative not designated as hedging instrument

Location of gain / (loss) recognized

 

Six Months Ended

June 30, 2025

   

Six Months Ended

June 30, 2026

 

Interest rate swap contract– Unrealized loss

Loss on derivatives, net     (182,625 )     -  

Interest rate swap contract - Realized gain

      67,663       -  

FFA contracts – Realized loss

      -       (91,500 )

FFA contracts – Unrealized loss

      -       (436,570 )

Total loss on derivatives

      (114,962 )     (528,070 )