4. VESSELS AND OTHER FIXED ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2017

Vessels And Other Fixed Assets Net Tables

Schedule of acquisiton of vessel

Consideration	$	(2,125,000	)
Leased vessel	$	(2,333,072	)
Capital lease obligation	$	1,684,242
Vessel	$	2,773,830

Schedule of vessels and other fixed assets

	Vessel			Leased vessel			Special survey			Capitalized initial expenses			Total
Cost
Balance at December 31, 2015	$	—		$	—		$	—		$	—		$	—
Additions		2,773,830			2,350,245			157,368			357,880			5,639,323
Disposals		—			(2,350,245	)		—			—			(2,350,245	)
Balance at December 31, 2016	$	2,773,830		$	—		$	157,368		$	357,880		$	3,289,078
Balance at December 31, 2017	$	2,773,830		$	—		$	157,368		$	357,880		$	3,289,078
Accumulated depreciation and amortization
Balance at December 31, 2015	$	—		$	—		$	—		$	—		$	—
Depreciation and amortization for the period		(8,732	)		(17,173	)		(22,836	)		(63,935	)		(112,676	)
Disposals		—			17,173			—			—			17,173
Balance at December 31, 2016	$	(8,732	)	$	—		$	(22,836	)	$	(63,935	)	$	(95,503	)
Depreciation and amortization for the period		(127,484	)		—			(33,610	)		(72,249	)		(233,343	)
Balance at December 31, 2017	$	(136,216	)	$	—		$	(56,446	)	$	(136,184	)	$	(328,846	)
Vessels and other fixed assets, net - December 31, 2015	$	—		$	—		$	—		$	—		$	—
Vessels and other fixed assets, net - December 31, 2016	$	2,765,098		$	—		$	134,532		$	293,945		$	3,193,575
Vessels and other fixed assets, net - December 31, 2017	$	2,637,614		$	—		$	100,922		$	221,696		$	2,960,232