Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

6. Finance Income and Costs (Tables)

v3.8.0.1
6. Finance Income and Costs (Tables)
12 Months Ended
Dec. 31, 2017
Analysis of income and expense [abstract]  
Schedule of finance income and costs

The details of finance income and costs on the statements of income/(loss) and comprehensive income/(loss) are as follows:

 

Finance income   2017     2016*     2015*  
Finance income from variation of fair value on interest rate swap agreements   $     $ 18,096     $ 33,558  
Other finance income     9,223       1,521       1,331  
Total finance income   $ 9,223     $ 19,617     $ 34,889  

 

Finance costs   2017     2016*     2015*  
Finance cost on note payable to underwriters and other debt   $ 2,429,551     $ 2,638,729     $ 2,913,809  
Interest expense of bank loans, revolving line of credit and finance leases     891,288       1,117,405       1,045,243  
Total finance costs   $ 3,320,839     $ 3,756,134     $ 3,959,052  

 

*   Restated for discontinued operations (see note 9 — Discontinued Operations)