Petrogress (PGAS) 10-Q 14 Nov 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 14, 2019
Document Information [Line Items]
Entity Registrant Name	Petrogress, Inc.
Entity Central Index Key	0001558465
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		4,289,661
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues	$ 6,056,265	$ 2,319,142	$ 8,582,943	$ 8,763,141
Costs of goods sold	(5,335,469)	(1,018,795)	(6,741,221)	(5,255,956)
Gross profit	720,796	1,300,347	1,841,722	3,507,185
Operating expenses:
Corporate expenses	(146,852)	227,241	(230,463)	(238,677)
Operating expenses of commodities trade	(86,500)	(100,551)	(265,431)	(280,060)
Fleet operating expenses	(227,429)	(366,364)	(607,547)	(823,152)
General and administrative expenses	(285,048)	(437,059)	(603,562)	(796,815)
Amortization expense	68		(6,619)
Depreciation expense	(243,261)	(235,081)	(671,309)	(693,761)
Total operating expenses	(989,022)	(911,814)	(2,384,931)	(2,832,465)
Operating income/ (loss) before other expenses and income taxes	(268,226)	388,533	(543,209)	674,720
Other income/ (expense), net:
Interest and finance expenses	(158,111)	(4,409)	(173,604)	(5,836)
Amortization of note discount	(27,869)		(27,869)
Loss on settlement of loan facility from related party				(160,192)
Other income / (expense), net	215,068	27,987	(323,234)	53,826
Other income / claims to third parties				200,700
Change in fair market value of derivative liabilities	(23,441)		(23,441)
Total other income/ (expense), net	5,647	23,578	(548,148)	88,498
Income before income taxes	(262,579)	412,111	(1,091,357)	763,218
Income tax expense
Net income/ (loss)	(262,579)	412,111	(1,091,357)	763,218
Net income/ (loss) attributable to:
Shareholders of the company	(267,867)	397,491	(1,087,763)	746,481
Non-controlling interests	5,288	14,620	(3,594)	16,737
Net income	(262,579)	412,111	(1,091,357)	763,218
Other comprehensive income/ (loss)
Foreign currency translation adjustment
Comprehensive income/ (loss)	(262,579)	412,111	(1,091,357)	763,218
Comprehensive income/ (loss) attributable to:
Shareholders of the company	(267,867)	397,491	(1,087,763)	746,481
Non-controlling interests	5,288	14,620	(3,594)	16,737
	$ (262,579)	$ 412,111	$ (1,091,357)	$ 763,218
Weighted average number of shares of Common Stock:
Basic (in shares)	3,894,456	3,445,671	3,860,285	3,396,798
Diluted (in shares)	3,894,456	4,974,071	3,860,285	4,925,198
Basic earnings per share (in dollars per share)	$ (0.07)	$ 0.12	$ (0.28)	$ 0.22
Diluted earnings per share (in dollars per share)	$ (0.07)	$ 0.08	$ (0.28)	$ 0.15

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 435,335	$ 661,010
Accounts receivable, net	3,136,108	4,779,432
Claims receivable, net	478,500	547,600
Inventories	635,085	279,196
Prepaid expenses and other current assets	3,779,411	1,765,276
Total current assets	8,645,587	8,170,453
Non-Current Assets
Goodwill	900,000	900,000
Vessels and other fixed assets, net	3,873,201	4,450,906
Deferred charges, net	15,629	26,750
Security deposit	10,584	10,638
Total non-current assets	4,799,414	5,388,294
Total Assets	13,445,001	13,558,747
Current Liabilities
Accounts payable and accrued expenses	1,214,693	1,265,452
Due to related party	1,360,592	1,176,863
Loan facility from related party	148,900	148,900
Convertible Notes	124,869
Derivative Liabilities	394,553
Accrued Interest	11,724	8,744
Total current liabilities	3,255,331	2,599,959
Total liabilities	3,255,331	2,599,959
Commitments and Contingencies
Shareholders' equity:
Shares of Common stock, $0.001 par value, 19,000,000 shares authorized, 3,956,483 and 3,828,412 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively	3,957	3,829
Additional paid-in capital	9,857,272	9,535,161
Accumulated comprehensive loss	(10,231)	(10,231)
Retained earnings	228,107	1,315,870
Equity attributable to Shareholders of the Company	10,089,105	10,854,629
Non-controlling interests	100,565	104,159
Total liabilities and shareholders' equity	13,445,001	13,558,747
Series A Preferred Stock [Member]
Shareholders' equity:
Preferred stock, value	10,000	10,000
Undesignated Preferred Stock [Member]
Shareholders' equity:
Preferred stock, value

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	19,000,000	19,000,000
Common stock, shares issued (in shares)	3,956,483	3,828,412
Common stock, shares outstanding (in shares)	3,956,483	3,828,412
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Preferred stock, shares authorized (in shares)	100	100
Preferred stock, shares issued (in shares)	100	100
Preferred stock, shares outstanding (in shares)	100	100
Undesignated Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	999,900	999,900
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income/ (loss)	$ (1,091,357)	$ 763,218
Adjustments to reconcile net income/(loss) to net cash (used in) operating activities:
Depreciation	671,309	693,761
Amortization of discount on convertible note	27,869
Change in Fair value of derivative liabilities	23,441	0
Change in Fair value of share-based payments issued for services		153,178
Share-based compensation expense	92,500	1,496
Loss on disposition of fixed assets	16,331
Amount of derivative in excess of face value of CPN	158,111	0
Gain/ (loss) on settlement of convertible promissory notes	39,793	(12,835)
Elimination of PGAS Africa APIC	66,405
Loss on settlement of loan facility from related party		160,192
Changes in working capital:
- (Increase)/ decrease in Accounts receivable, net	1,643,324	(533,484)
- (Increase)/ decrease in Claims receivable, net	69,100	(535,100)
- (Increase)/ decrease in Inventories	(399,098)	27,718
- (Increase)in Prepaid expenses and other current assets	(2,014,135)	(825,853)
- (Increase)/ decrease in Security deposit	54	(3,200)
- Decrease/ (increase) in Deferred charges, net	11,121	(85,024)
- Increase/ (decrease) in Accounts payable and accrued expenses	(275,230)	(94,864)
- Increase in Amounts due to related party	183,729	126,325
- Increase in Accrued Interest	2,980	9,136
Net cash (used in) operating activities	(773,752)	(155,336)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Vessels and other fixed assets	(109,935)	(88,154)
Net cash (used in) investing activities	(109,935)	(88,154)
Proceeds from convertible promissory notes	693,000
Payments made on convertible promissory notes	(34,988)
Proceeds from loan facility from related party		124,500
Net cash provided by financing activities	658,012	124,500
Effect of exchange rate changes on cash
Net (decrease) in cash and cash equivalents	(225,675)	(118,990)
Cash and cash equivalents, Beginning of Period	661,010	1,150,999
Cash and cash equivalents, End of Period	435,335	1,032,009
Cash paid for interest expense	1,051
Cash paid for income taxes
Non-cash investing and financing activities:
Common stock issued for settlement of investing	86,334	297,500
OID and fees related to CPN	20,000
Discount from common shares issued in connection with CPN	77,000	210,000
Discount from derivative on CPN	$ 213,000

Consolidated Statement of Equit

Consolidated Statement of Equity (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2017	100	3,177,452
Balance at Dec. 31, 2017	$ 10,000	$ 3,098	$ 9,100,838	$ (7,744)	$ 1,008,823	$ 10,115,015	$ 98,758	$ 10,213,773
Common stock issued for Convertible notes (in shares)		76,614
Common stock issued for Convertible notes		$ 77	209,923			210,000		210,000
Common stock issued to settle liabilities (in shares)		190,705
Common stock issued to settle liabilities		$ 191	457,501			457,692		457,692
Cancellation of common stock issued for services			(146,767)			(146,767)		(146,767)
Common stock issued for services (in shares)		800
Common stock issued for services		$ 80	1,416			1,496		1,496
Net income/ (loss)					746,481	746,481	16,737	763,218
Balance (in shares) at Sep. 30, 2018	100	3,445,571
Balance at Sep. 30, 2018	$ 10,000	$ 3,446	9,622,911	(7,744)	1,755,304	11,383,917	115,495	11,499,412
Balance (in shares) at Dec. 31, 2018	100	3,828,412
Balance at Dec. 31, 2018	$ 10,000	$ 3,829	9,535,161	(10,231)	1,315,870	10,854,629	104,159	10,958,788
Common stock issued to settle liabilities (in shares)		43,071
Common stock issued to settle liabilities		$ 43	86,291			86,334		86,334
Common stock issued for services (in shares)		50,000
Common stock issued for services		$ 50	92,450			92,500		92,500
Net income/ (loss)					(1,087,763)	(1,087,763)	(3,594)	(1,091,357)
Common stock issued as commitment (in shares)		35,000
Common stock issued as commitment		$ 35	76,965			77,000		77,000
Elimination of Petrogres Africa Ltd apic/due from shareholders			66,405			66,405		66,405
Balance (in shares) at Sep. 30, 2019	100	3,956,483
Balance at Sep. 30, 2019	$ 10,000	$ 3,957	$ 9,857,272	$ (10,231)	$ 228,107	$ 10,089,105	$ 100,565	$ 10,189,670

Note 1 - The Company and Our Su

Note 1 - The Company and Our Subsidiaries	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 The Company and our Subsidiaries History and Development of the Company Petrogress, Inc. was incorporated on February 10, 2010 800 "800 February 29, 2016, 800 800 136,000,000 85% 100% Limited.800 On March 9, 2016, March 15, 2016, November 16, 2016, On July 9, 2018, one 100, 490,000,000 19,000,000 10,000,000 1,000,000. July 18, 2018. no We maintain our principal marketing and operating offices at 1, 18538 30 210 459 9741 1013 403 19805 Business Overview Petrogress operates as a holding company and conduct business primarily through its wholly-owned subsidiaries: Petronav Carriers LLC . Petrogress Int’l LLC . Our business operates in the downstream and midstream sectors of the energy industry, where we acquire and supply crude oil, and engage in the refining and marketing of refined products and lubricants. As a supplier, we procure crude oil from our direct sources and deliver by our tankers fleet to buyers’ destinations. With service centers in East Mediterranean and West Africa, we believe that we are one We provide our customers with services that require sophisticated logistical operations designed to meet their strict oil quality and delivery scheduling needs. We believe that our extensive experience and management systems allow us to meet our customers' specific requirements when they purchase and take delivery of crude oil, refined products and lubricants around the areas in which we operate. This, together with the capital-intensive nature of our industry and the limited available shuttle vessels in the areas of our operation, represent a significant barrier to entry for competitors. We have devoted our efforts to building a global brand and believe that our customers recognize our brand as representing high quality service and products at each of our locations. We also perform our technical ship operations in-house, which helps us maintain high levels of customer service. Throughout our history, we have expanded our business capabilities through strategic alliances, select business and vessel acquisitions, and the establishment of new service centers. In February 2019, 100,000 two 1” Apart of our operations described above, we commenced the marketing and distribution of lubricants under an exclusive a greement Sales and Marketing Most of our marketing, sales, ship-management and other related functions are performed at our main office in Piraeus, Greece. We also market products and services through our offices in Ghana and Cyprus and through our representations in Nigeria. Our sales force interacts with our established customers and markets our oil sales and services to local distributors. We believe our level of customer service, years of experience in the industry, and reputation for reliability are significant factors in retaining our customers and attracting new customers. Our sales and marketing approach are designed to create awareness of the benefits and advantages of our sales and services. We are active in industry trade shows and other available public forums. Description Petronav Carriers LLC . PCL March 2016 four Currently PCL owns our vessels through separate wholly-owned subsidiaries described below: Vessel-Owned Subsidiary Incorporation Vessel’s name Shiba ship-management Ltd. Marshall Islands APECUS Danae Marine Ltd. Marshall Islands OPTIMUS Invictus Marine S.A. Marshall Islands INVICTUS Entus Marine Ltd. Marshall Islands ENTUS Petrogress Int’l LLC . PIL In September 2017, 90% On April 1, 2019, April 1, 2019.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 2 – Summary of Significant Accounting Policies Basis of Presentation The Company follows the accrual basis of accounting in accordance with generally accepted accounting principles (“GAAP”) and has elected a year-end of December 31. All significant intercompany transactions and accounts have been eliminated. These interim consolidated financial statements are unaudited; however, in the opinion of our management, these statements reflect all adjustments necessary for a fair statement of the results for the periods reported. All such adjustments are of a normal, recurring nature unless otherwise disclosed. These interim consolidated financial statements, including the notes, have been prepared in accordance with the rules of the SEC applicable to interim period financial statements and do not These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10 December 31, 2018as April12, 2019. three nine September 30, 2019 not Principles of consolidation The consolidated financial statements include the consolidated accounts of the Company and its wholly-owned and majority-owned subsidiaries: Petrogress Int’l LLC., Petronav Carriers LLC., Petrogres Africa Co. Ltd., Petrogres (Hellas), and PG Cypyard & Offshore Services Terminal Ltd. All intercompany balances have been eliminated. Percentages Participation in subsidiaries Company Participation Petrogress Int’l LLC. (Delaware) 100% (owned by the corporation) Petronav Carriers LLC. (Delaware) 100% (owned by the corporation) Petrogres Africa Co. Ltd. (Ghanaian) 90% (owned by Petrogress Int’l LLC.) Petrogres (Hellas) Branch (Hellenic) 100% (owned by Petrogress Int’l LLC) PG CYPYARD & Offshore Services Terminal Ltd. 100% (owned by Petrogress Int’l LLC.) Non-controlling interests Ownership interests in the Company’s subsidiaries held by parties other than the Company are presented separately from the Company’s equity on the Consolidated Balance Sheet. The amount of consolidated net income attributable to the Company and the non-controlling interests are both presented on the face of the Consolidated Statement of Income. Emerging Growth Company We qualify as an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012, 107 7 2 Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reported period. Actual results could differ from those estimates. Derivative Liabilities The Company has financial instruments that are considered derivatives or contain embedded features subject to derivative accounting. Embedded derivatives are valued separately from the host instrument and are recognized as derivative liabilities in the Company’s balance sheet. The Company measures these instruments at their estimated fair value and recognizes changes in their estimated fair value in results of operations during the period of change. The Company has a sequencing policy regarding share settlement wherein instruments with the earliest issuance date would be settled first. The sequencing policy also considers contingently issuable additional shares, such as those issuable upon a stock split, to have an issuance date to coincide with the event giving rise to the additional shares. On August 27, 2019, August 27, 2019 The Company values these convertible notes payable using the Black-Scholes method that values the derivative liability within the notes based on a probability weighted discounted cash flow model. The resulting liability is valued at each reporting date and the change in the liability is reflected as change in derivative liability in the statement of operations

Note 3 - Financial Instruments

Note 3 - Financial Instruments	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Financial Instruments Disclosure [Text Block]	N ote 3 The Company has financial instruments that are considered derivatives or contain embedded features subject to derivative accounting. Embedded derivatives are valued separately from the host instrument and are recognized as derivative liabilities in the Company’s balance sheet. The Company measures these instruments at their estimated fair value and recognizes changes in their estimated fair value in results of operations during the period of change. The Company has estimated the fair value of these embedded derivatives for convertible debentures using a Black-Scholes model as of September 30, 2019 December 31, 2018. $158,111 $0during nine September 30, 2019 2018, $23,441 $0 nine September 30, 2019 2018, September 30, 2019, December 31, 2018, $394,553 $0, 1 0 232.41 191.90 1.78 1.77%.

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	Note 4 Our financial instruments consist primarily of cash, accounts receivable, accounts payable and accrued expenses, and convertible debt. The carrying amount of cash, accounts receivable, accounts payable and accrued expenses, and convertible debt, as applicable, approximates fair value due to the short-term nature of these items and/or the current interest rates payable in relation to current market conditions. Interest rate risk is the risk that our earnings are subject to fluctuations in interest rates on either investments or on debt. We do not Financial risk is the risk that our earnings are subject to fluctuations in interest rates or foreign exchange rates. We do not Fair value measurements are determined under a three not The highest priority is given to unadjusted quoted prices in active markets for identical assets (Level 1 3 The three Level 1 Level 2 not Level 3 Credit risk adjustments are applied to reflect the Company’s own credit risk when valuing all liabilities measured at fair value. The methodology is consistent with that applied in developing counterparty credit risk adjustments, but incorporates the Company’s own credit risk as observed in the credit default swap market. Financial instruments measured at fair value on a recurring basis at September 30, 2019, Level 1 Level 2 Level 3 Total Fair value of derivatives $ - $ - $ 394,553 $ 394,553 Liabilities measured at fair value on a recurring basis at December 31, 2018, Level 1 Level 2 Level 3 Total Fair value of derivatives $ - $ - $ - $ -

Note 5 - Information Relating t

Note 5 - Information Relating to the Consolidated Statement of Cash Flows	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	Note 5 – Information relating to the Consolidated Statement of cash flows Nine Months Ended September 30 2019 2018 (Increase)/ decrease in Accounts receivable, net $ 1,643,324 $ (533,484 ) (Increase) in Claims receivable, net 69,100 (535,100 ) (Increase)/ decrease in Inventories (399,098 ) 27,718 (Increase)/ decrease in Prepaid expenses and other assets (2,014,135 ) (825,853 ) Increase/ (decrease) in Accounts payable and accrued expenses (275,230 ) (94,864 ) Increase in Amounts due to related party 183,729 126,325 Increase in Accrued interest 2,980 9,136 (Increase)/ decrease in Security deposit 54 (3,200 ) (Increase)/ decrease in Deferred charges, net 11,121 (85,024 ) Net increase in operating capital $ (778,155 ) $ (1,914,346 ) Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts: Nine Months Ended September 30 2019 2018 Borrowing of loans by equity affiliates $ - $ - Repayment of loans by equity affiliates - 63,000 Net repayment of loans by equity affiliates $ - $ 63,000

Note 6 - Summarized Financial D

Note 6 - Summarized Financial Data - Petrogress, Inc.	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Summarized Financial Data [Text Block]	Note 6 – Summarized Financial Data – Petrogress, Inc. Petrogress, Inc The management and operation of our business is performed directly and independently by each subsidiary. Assets, inventories, partnership interests, joint venture interests and contracts are held by the subsidiaries. Petrogress, Inc., the parent company, does not The summarized financial information for the Company and its consolidated subsidiaries as of September 30, 2019 2018 Nine Months Ended September 30 2019 2018 Sales and other operating revenues $ - $ - Cost and other expenses (670,676 ) (637,190 ) Net (loss) to PGI $ (670,676 ) $ (637,190 ) Nine Months Ended September 30 2019 2018 Current assets $ 167,324 $ 29,935 Other assets 7,775 45,075 Current liabilities (1,459,861 ) (697,772 ) Total Petrogress, Inc. net equity $ (1,284,762 ) $ (622,762 ) Petronav Carriers LLC . Petrogress, Inc. owns 100% four four Nine Months Ended September 30 2019 2018 Sales and other operating revenues $ 847,333 $ 2,209,442 Cost and other expenses* (2,180,448 ) (1,530,810 ) Net income/ (loss) to Petronav Carriers LLC . ** $ (1,333,115 ) $ 678,632 ______________ * Cost and other expenses include the ransom paid as well as all expenses related to the hijacking of one ** 100% Petrogress Int’l LLC . Petrogress, Inc. owns 100% Nine Months Ended S e ptember 30 2019 2018 Sales and other operating revenues $ 8,647,152 $ 6,287,006 Cost and other expenses (7,621,775 ) (5,731,321 ) Net income/ (loss) to Petrogress Int’l LLC . * $ 1,025,377 $ 555,685 ______________ * 100% Petrogres Africa Co. Ltd. Petrogress Int’l LLC. owns 90% Nine Months Ended September 30 2019 2018 Sales and other operating revenues $ 633,000 $ 470,257 Cost and other expenses (668,943 ) (302,891 ) Net income/ (loss ) to Petrogres Africa Co. Ltd . * $ (35,943 ) $ 167,366 ______________ * 90%

Note 7 - Inventories

Note 7 - Inventories	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 7 – Inventories Crude oil, Gas oil and bunkers onboard our vessels are recorded at weighted average cost and carried at the lower of cost or net realizable value. Supplies and other items consist principally of items, spare-parts, consumable goods and equipment supplied to our vessel which are valued at weighted average cost and reviewed periodically for obsolescence or impairment when market conditions indicate. Goods Inventories September 30, 2019 December 31, 2018 Crude Oil $ - $ 279,196 Gas Oil 533,500 - Lubricants 101,585 - Total Inventories $ 635,085 $ 279,196

Note 8 - Properties, Vessels, I

Note 8 - Properties, Vessels, Inventories & Equipment	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Properties, Vessels, Inventories & Equipment [Text Block]	Note 8 – Properties, Vessels, inventories & equipment September 30, 2019 December 31, 2018 Vessel’s value, at historical cost $ 3,797,661 $ 4,354,147 Bunkers R.O.B. 181,148 137,939 Equipment, Machineries, Fenders, Vehicles & Trucks 75,540 96,759 Total $ 4,054,349 $ 4,588,845 * Vessels ROB in Gas Oil and lubricants and new stores of spare parts are calculated and included in the balance sheets separately from goods inventories;

Note 9 - Vessels and Other Fixe

Note 9 - Vessels and Other Fixed Assets, Net	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 9 We depreciate our vessels on a straight-line basis over the estimated useful life which is 10 Tanker Vessels (in years) 10 Supply boats (in years) 10 Fenders (in years) 10 Oil hoses (in years) 10 Vehicles & trucks (in years) 10 Office equipment and furniture (in years) 10 Computer hardware (in years) 5 Vessels and other fixed assets, net consisted of the following as of September 30, 2019 December 31, 2018: September 30, 2019 December 31, 2018 Estimated useful Life (in years) Marine vessels $ 10,268,423 $ 10,171,930 10 Furniture and equipment 182,764 189,848 10 Accumulated depreciation (6,577,986 ) (5,910,872 ) Vessels and other fixed assets, net $ 3,873,201 $ 4,450,906 Depreciation for the nine September 30, 2019 September 30, 2018, $671,309 $693,761,

Note 10 - Income Taxes

Note 10 - Income Taxes	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 10 We file income tax returns in various jurisdictions, as appropriate and required. The Company was not January 1, 2012. We account for income taxes in accordance with Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 740 10, not not ASC 740 10 not We measure and record uncertain tax positions by establishing a threshold for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Only tax positions meeting the more-likely-than- not may 2011

Note 11 - Revenue Recognition

Note 11 - Revenue Recognition	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Note 1 1 – Revenue Recognition In May 2014, 2014 09, 606 may January 1, 2018, 2014 09, 606 not The Company recognizes revenue for crude oil sales and gas oil sales, its primary sources of revenue, at an amount that reflects the consideration that the Company expects to be entitled to receive in exchange for transferring goods or services to its customers. The Company's policy is to record revenue when, (a) control of the goods (crude oil, gas oil and other petrochemical products) is passed to its customers and (b) the vessels charter (voyages and long term) service is rendered to its independent charterers or Petrogress Int’l LLC.

Note 12 - Concentrations of Cre

Note 12 - Concentrations of Credit Risk	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	Note 12 Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of trade accounts receivables. Concentrations of credit risk with respect to trade receivables are limited due to the short payment terms dictated by the industry and operating environment.

Note 13 - Officers Compensation

Note 13 - Officers Compensations	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Compensation Related Costs, General [Text Block]	Note 13 During the nine September 30, 2019 2018, $215,000 $110,000, September 30, 2019, $25,045 September 30, 2019.

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 14 The Company is not no

Note 15 - Shareholders

Note 15 - Shareholders	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note 15 As of September 30, 2019, 49 3,956,483 557,149 14% one 368,586 September 30, 2019. not may

Note 16 - Related Party Transac

Note 16 - Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note 16 As of April 24, 2019, September 30, 2017, $900,000, October 23, 2019. not 65% 10 3,500,000 may

Note 17 - Loan Facility from Re

Note 17 - Loan Facility from Related Party	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Note Payable to Stockholder Disclosure [Text Block]	Note 17 On October 31, 2018, July 13, 2017 ( $1,000,000 no $148,900 July13, 2019; July 13, 2020. The table below presents the amounts due to Christos Traios during the nine September 30, 2019: Amounts due to related party December 31, 2018 $ 1,176,863 Wages accrued to Christos Traios 215,000 Wages paid to Christos Traios, in cash (25,045 ) Expenses paid to Christos Traios (6,226 ) Amounts due to related party September 3 0 , 2019 $ 1,360,592

Note 18 - Revenue Concentration

Note 18 - Revenue Concentrations	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Revenue Concentrations Disclosure [Text Block]	Note 18 The Company sells to commercial customers in foreign markets. The following is a summary of customers who accounted for more than ten 10% September 30, 2019 2018: Customer September 3 0 , 2019 September 3 0 , 2018 A 80 % 69 % The following is a summary of customers who accounted for more than ten 10% September 30, 2019 December 31, 2018: Customer September 30, 2019 December 31, 2018 A 32 % 60 % B 27 % 16 % C 15 % * D 10 % * None October31, 2019. 10%.

Note 19 - Convertible Note

Note 19 - Convertible Note	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Convertible Debt [Text Block]	Note 19 – Convertible Note On August 27, 2019, $310,000. 8% $10,000, 110% 1 60 115% 61 120 120% 121 180 180 25% The Company determined that the conversion feature of the Convertible Note represents an embedded derivative since the Note is convertible into a variable number of shares upon conversion. Additionally, the note contains a ratchet provision. The Company determined under ASC 815, no not August 27, 2019 The fair value for the Company's derivative liability as at September 30, 2019 Minimum Maximum Volatility 191.90 % 232.41 % Risk Free rate 1.77 % 1.78 % Life 0.91 1.00

Note 20 - Subsequent Events

Note 20 - Subsequent Events	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Subsequent Events [Text Block]	Note 20 – Subsequent Events On October 14, 2019, two On October 22, 2019, 142,858 $0.001 November 2019. On October 1, 2019, two three Effective as on November 8, 2019,

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The Company follows the accrual basis of accounting in accordance with generally accepted accounting principles (“GAAP”) and has elected a year-end of December 31. All significant intercompany transactions and accounts have been eliminated. These interim consolidated financial statements are unaudited; however, in the opinion of our management, these statements reflect all adjustments necessary for a fair statement of the results for the periods reported. All such adjustments are of a normal, recurring nature unless otherwise disclosed. These interim consolidated financial statements, including the notes, have been prepared in accordance with the rules of the SEC applicable to interim period financial statements and do not These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10 December 31, 2018as April12, 2019. three nine September 30, 2019 not
Consolidation, Policy [Policy Text Block]	Principles of consolidation The consolidated financial statements include the consolidated accounts of the Company and its wholly-owned and majority-owned subsidiaries: Petrogress Int’l LLC., Petronav Carriers LLC., Petrogres Africa Co. Ltd., Petrogres (Hellas), and PG Cypyard & Offshore Services Terminal Ltd. All intercompany balances have been eliminated. Percentages Participation in subsidiaries Company Participation Petrogress Int’l LLC. (Delaware) 100% (owned by the corporation) Petronav Carriers LLC. (Delaware) 100% (owned by the corporation) Petrogres Africa Co. Ltd. (Ghanaian) 90% (owned by Petrogress Int’l LLC.) Petrogres (Hellas) Branch (Hellenic) 100% (owned by Petrogress Int’l LLC) PG CYPYARD & Offshore Services Terminal Ltd. 100% (owned by Petrogress Int’l LLC.) Non-controlling interests Ownership interests in the Company’s subsidiaries held by parties other than the Company are presented separately from the Company’s equity on the Consolidated Balance Sheet. The amount of consolidated net income attributable to the Company and the non-controlling interests are both presented on the face of the Consolidated Statement of Income.
Emerging Growth Company, Policy [Policy Text Block]	Emerging Growth Company We qualify as an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012, 107 7 2
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reported period. Actual results could differ from those estimates.
Derivatives, Policy [Policy Text Block]	Derivative Liabilities The Company has financial instruments that are considered derivatives or contain embedded features subject to derivative accounting. Embedded derivatives are valued separately from the host instrument and are recognized as derivative liabilities in the Company’s balance sheet. The Company measures these instruments at their estimated fair value and recognizes changes in their estimated fair value in results of operations during the period of change. The Company has a sequencing policy regarding share settlement wherein instruments with the earliest issuance date would be settled first. The sequencing policy also considers contingently issuable additional shares, such as those issuable upon a stock split, to have an issuance date to coincide with the event giving rise to the additional shares. On August 27, 2019, August 27, 2019 The Company values these convertible notes payable using the Black-Scholes method that values the derivative liability within the notes based on a probability weighted discounted cash flow model. The resulting liability is valued at each reporting date and the change in the liability is reflected as change in derivative liability in the statement of operations

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Percentages Participation in Subsidiaries [Table Text Block]	Company Participation Petrogress Int’l LLC. (Delaware) 100% (owned by the corporation) Petronav Carriers LLC. (Delaware) 100% (owned by the corporation) Petrogres Africa Co. Ltd. (Ghanaian) 90% (owned by Petrogress Int’l LLC.) Petrogres (Hellas) Branch (Hellenic) 100% (owned by Petrogress Int’l LLC) PG CYPYARD & Offshore Services Terminal Ltd. 100% (owned by Petrogress Int’l LLC.)

Note 4 - Fair Value Measureme_2

Note 4 - Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Total Fair value of derivatives $ - $ - $ 394,553 $ 394,553 Level 1 Level 2 Level 3 Total Fair value of derivatives $ - $ - $ - $ -

Note 5 - Information Relating_2

Note 5 - Information Relating to the Consolidated Statement of Cash Flows (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Cash Flow, Operating Capital [Table Text Block]	Nine Months Ended September 30 2019 2018 (Increase)/ decrease in Accounts receivable, net $ 1,643,324 $ (533,484 ) (Increase) in Claims receivable, net 69,100 (535,100 ) (Increase)/ decrease in Inventories (399,098 ) 27,718 (Increase)/ decrease in Prepaid expenses and other assets (2,014,135 ) (825,853 ) Increase/ (decrease) in Accounts payable and accrued expenses (275,230 ) (94,864 ) Increase in Amounts due to related party 183,729 126,325 Increase in Accrued interest 2,980 9,136 (Increase)/ decrease in Security deposit 54 (3,200 ) (Increase)/ decrease in Deferred charges, net 11,121 (85,024 ) Net increase in operating capital $ (778,155 ) $ (1,914,346 )
Schedule of Net Repayment (Borrowing) of Loans by Equity Affiliates [Table Text Block]	Nine Months Ended September 30 2019 2018 Borrowing of loans by equity affiliates $ - $ - Repayment of loans by equity affiliates - 63,000 Net repayment of loans by equity affiliates $ - $ 63,000

Note 6 - Summarized Financial_2

Note 6 - Summarized Financial Data - Petrogress, Inc. (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Condensed Financial Statements [Table Text Block]	Nine Months Ended September 30 2019 2018 Sales and other operating revenues $ - $ - Cost and other expenses (670,676 ) (637,190 ) Net (loss) to PGI $ (670,676 ) $ (637,190 ) Nine Months Ended September 30 2019 2018 Current assets $ 167,324 $ 29,935 Other assets 7,775 45,075 Current liabilities (1,459,861 ) (697,772 ) Total Petrogress, Inc. net equity $ (1,284,762 ) $ (622,762 ) Nine Months Ended September 30 2019 2018 Sales and other operating revenues $ 847,333 $ 2,209,442 Cost and other expenses* (2,180,448 ) (1,530,810 ) Net income/ (loss) to Petronav Carriers LLC . ** $ (1,333,115 ) $ 678,632 Nine Months Ended S e ptember 30 2019 2018 Sales and other operating revenues $ 8,647,152 $ 6,287,006 Cost and other expenses (7,621,775 ) (5,731,321 ) Net income/ (loss) to Petrogress Int’l LLC . * $ 1,025,377 $ 555,685 Nine Months Ended September 30 2019 2018 Sales and other operating revenues $ 633,000 $ 470,257 Cost and other expenses (668,943 ) (302,891 ) Net income/ (loss ) to Petrogres Africa Co. Ltd . * $ (35,943 ) $ 167,366

Note 7 - Inventories (Tables)

Note 7 - Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Inventory, Current [Table Text Block]	Goods Inventories September 30, 2019 December 31, 2018 Crude Oil $ - $ 279,196 Gas Oil 533,500 - Lubricants 101,585 - Total Inventories $ 635,085 $ 279,196

Note 8 - Properties, Vessels,_2

Note 8 - Properties, Vessels, Inventories & Equipment (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Properties, Vessels, Inventories & Equipment [Table Text Block]	September 30, 2019 December 31, 2018 Vessel’s value, at historical cost $ 3,797,661 $ 4,354,147 Bunkers R.O.B. 181,148 137,939 Equipment, Machineries, Fenders, Vehicles & Trucks 75,540 96,759 Total $ 4,054,349 $ 4,588,845

Note 9 - Vessels and Other Fi_2

Note 9 - Vessels and Other Fixed Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Property, Plant and Equipment, Estimated Useful Lives [Table Text Block]	Tanker Vessels (in years) 10 Supply boats (in years) 10 Fenders (in years) 10 Oil hoses (in years) 10 Vehicles & trucks (in years) 10 Office equipment and furniture (in years) 10 Computer hardware (in years) 5
Property, Plant and Equipment [Table Text Block]	September 30, 2019 December 31, 2018 Estimated useful Life (in years) Marine vessels $ 10,268,423 $ 10,171,930 10 Furniture and equipment 182,764 189,848 10 Accumulated depreciation (6,577,986 ) (5,910,872 ) Vessels and other fixed assets, net $ 3,873,201 $ 4,450,906

Note 17 - Loan Facility from _2

Note 17 - Loan Facility from Related Party (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	Amounts due to related party December 31, 2018 $ 1,176,863 Wages accrued to Christos Traios 215,000 Wages paid to Christos Traios, in cash (25,045 ) Expenses paid to Christos Traios (6,226 ) Amounts due to related party September 3 0 , 2019 $ 1,360,592

Note 18 - Revenue Concentrati_2

Note 18 - Revenue Concentrations (Tables)	9 Months Ended
	Sep. 30, 2019
Accounts Receivable [Member]
Notes Tables
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	Customer September 30, 2019 December 31, 2018 A 32 % 60 % B 27 % 16 % C 15 % * D 10 % *
Revenue from Contract with Customer Benchmark [Member]
Notes Tables
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	Customer September 3 0 , 2019 September 3 0 , 2018 A 80 % 69 %

Note 19 - Convertible Note (Tab

Note 19 - Convertible Note (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative [Member]
Notes Tables
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	Minimum Maximum Volatility 191.90 % 232.41 % Risk Free rate 1.77 % 1.78 % Life 0.91 1.00

Note 1 - The Company and Our _2

Note 1 - The Company and Our Subsidiaries (Details Textual)	Jul. 09, 2018	Feb. 29, 2016shares	Sep. 30, 2019shares	Dec. 31, 2018shares	Jul. 18, 2018shares	Jul. 17, 2018shares	Sep. 30, 2017
Common Stock, Shares Authorized			19,000,000	19,000,000	19,000,000	490,000,000
Preferred Stock, Shares Authorized					1,000,000	10,000,000
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	100
Acquisition of Petrogres Co. Limited [Member]
Stock Issued During Period, Shares, Acquisitions		136,000,000
Equity Method Investment, Ownership Percentage		85.00%
Business Acquisition, Percentage of Voting Interests Acquired		100.00%
Petrogres Africa Co. Ltd [Member]
Business Acquisition, Percentage of Voting Interests Acquired							90.00%

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies - Percentages Participation in Subsidiaries (Details)	Sep. 30, 2019
Petrogress Int’l LLC. (Delaware) [Member]
Ownership Interest	100.00%
Petronav Carriers LLC. (Marshall Islands) [Member]
Ownership Interest	100.00%
Petrogres Africa Co. Ltd. (Ghanaian) [Member] | Petrogress Int'l LLC [Member]
Ownership Interest	90.00%
Petrogress (Hellas) Branch [Member] | Petrogress Int'l LLC [Member]
Ownership Interest	100.00%
PG CYPYARD & Offshore Services Terminal Ltd. [Member] | Petrogress Int'l LLC [Member]
Ownership Interest	100.00%

Note 3 - Financial Instruments

Note 3 - Financial Instruments (Details Textual)	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Derivative Expense	$ 158,111	$ 0
Derivative, Gain (Loss) on Derivative, Net, Total	(23,441)	$ 0
Derivative Liability, Total	$ 394,553		$ 0
Measurement Input, Expected Term [Member] | Maximum [Member]
Derivative Liability, Measurement Input	1
Measurement Input, Expected Term [Member] | Minimum [Member]
Derivative Liability, Measurement Input	0.91
Measurement Input, Price Volatility [Member] | Maximum [Member]
Derivative Liability, Measurement Input	2.3241
Measurement Input, Price Volatility [Member] | Minimum [Member]
Derivative Liability, Measurement Input	1.919
Measurement Input, Discount Rate [Member] | Maximum [Member]
Derivative Liability, Measurement Input	0.0178
Measurement Input, Discount Rate [Member] | Minimum [Member]
Derivative Liability, Measurement Input	0.0177

Note 4 - Fair Value Measureme_3

Note 4 - Fair Value Measurements - Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Fair value of derivatives	$ 394,553	$ 0
Fair Value, Recurring [Member]
Fair value of derivatives	394,553
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value of derivatives
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value of derivatives
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value of derivatives	$ 394,553

Note 5 - Information Relating_3

Note 5 - Information Relating to the Consolidated Statement of Cash Flows - Operating Capital (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
- (Increase)/ decrease in Accounts receivable, net	$ 1,643,324	$ (533,484)
- (Increase)/ decrease in Claims receivable, net	69,100	(535,100)
- (Increase)/ decrease in Inventories	(399,098)	27,718
- (Increase)in Prepaid expenses and other current assets	(2,014,135)	(825,853)
- Increase/ (decrease) in Accounts payable and accrued expenses	(275,230)	(94,864)
- Increase in Amounts due to related party	183,729	126,325
- Increase in Accrued Interest	2,980	9,136
- (Increase)/ decrease in Security deposit	54	(3,200)
- Decrease/ (increase) in Deferred charges, net	11,121	(85,024)
Net increase in operating capital	$ (778,155)	$ (1,914,346)

Note 5 - Information Relating_4

Note 5 - Information Relating to the Consolidated Statement of Cash Flows - Loans by Equity Affiliates (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Borrowing of loans by equity affiliates
Repayment of loans by equity affiliates		63,000
Net repayment of loans by equity affiliates		$ 63,000

Note 6 - Summarized Financial_3

Note 6 - Summarized Financial Data - Petrogress, Inc. (Details Textual)	Sep. 30, 2019
Petronav Carriers LLC [Member]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%
Petrogress Int'l LLC [Member]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%
Petrogres Africa Co. Ltd. (Ghanaian) [Member] | Petrogress Int'l LLC [Member]
Noncontrolling Interest, Ownership Percentage by Parent	90.00%

Note 6 - Summarized Financial_4

Note 6 - Summarized Financial Data - Petrogress, Inc. - Condensed Financial Statement (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Sales and other operating revenues		$ 6,056,265	$ 2,319,142	$ 8,582,943	$ 8,763,141
Cost and other expenses		(5,335,469)	(1,018,795)	(6,741,221)	(5,255,956)
Net income/ (loss)		(262,579)	412,111	(1,091,357)	763,218
Current assets		8,645,587		8,645,587		$ 8,170,453
Current liabilities		3,255,331		3,255,331		$ 2,599,959
Parent Company [Member]
Sales and other operating revenues
Cost and other expenses				(670,676)	(637,190)
Net income/ (loss)				(670,676)	(637,190)
Current assets		167,324	29,935	167,324	29,935
Other assets		7,775	45,075	7,775	45,075
Current liabilities		(1,459,861)	(697,772)	(1,459,861)	(697,772)
Total Petrogress, Inc. net equity		$ (1,284,762)	$ (622,762)	(1,284,762)	(622,762)
Petronav Carriers LLC [Member]
Sales and other operating revenues				847,333	2,209,442
Cost and other expenses	[1]			(2,180,448)	(1,530,810)
Net income/ (loss)	[2]			(1,333,115)	678,632
Petrogress Int'l LLC [Member]
Sales and other operating revenues				8,647,152	6,287,006
Cost and other expenses				(7,621,775)	(5,731,321)
Net income/ (loss)	[2],[3]			1,025,377	555,685
Petrogres Africa Co. Ltd. (Ghanaian) [Member]
Sales and other operating revenues				633,000	470,257
Cost and other expenses				(668,943)	(302,891)
Net income/ (loss)	[3],[4]			$ (35,943)	$ 167,366
[1]	Cost and other expenses include the ransom paid as well as all expenses related to the hijacking of one of our vessels.
[2]	100% Net income attributable to Petrogress, Inc.
[3]	100% Net income attributable to Petrogress, Inc.
[4]	90% Net income attributable to Petrogress Int'l LLC

Note 7 - Inventories - Goods In

Note 7 - Inventories - Goods Inventories (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Total Inventories	$ 635,085	$ 279,196
Crude Oil [Member]
Total Inventories		279,196
Oil and Gas [Member]
Total Inventories	533,500
Lubricants [Member]
Total Inventories	$ 101,585

Note 8 - Properties, Vessels,_3

Note 8 - Properties, Vessels, Inventories & Equipment - Schedule of Properties, Vessels, Inventories & Equipment (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Vessel’s value, at historical cost	$ 3,797,661	$ 4,354,147
Bunkers R.O.B.	181,148	137,939
Equipment, Machineries, Fenders, Vehicles & Trucks	75,540	96,759
Total	$ 4,054,349	$ 4,588,845

Note 9 - Vessels and Other Fi_3

Note 9 - Vessels and Other Fixed Assets, Net (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Depreciation, Total	$ 243,261	$ 235,081	$ 671,309	$ 693,761
Vessels [Member]
Property, Plant and Equipment, Useful Life			10 years

Note 9 - Vessels and Other Fi_4

Note 9 - Vessels and Other Fixed Assets, Net - Useful Lives of Vessels and Equipment (Details)	9 Months Ended
	Sep. 30, 2019
Tanker Vessels [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Supply Boats [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Fenders [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Oil Hoses [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Vehicles & Trucks [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Office Equipment and Furniture [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Computer Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years

Note 9 - Vessels and Other Fi_5

Note 9 - Vessels and Other Fixed Assets, Net - Vessels and Other Fixed Assets (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Accumulated depreciation	$ (6,577,986)	$ (5,910,872)
Net property and equipment	3,873,201	4,450,906
Vessels [Member]
Property and equipment, gross	$ 10,268,423	10,171,930
Property, Plant and Equipment, Useful Life (Year)	10 years
Office Equipment and Furniture [Member]
Property and equipment, gross	$ 182,764	$ 189,848
Property, Plant and Equipment, Useful Life (Year)	10 years

Note 13 - Officers Compensati_2

Note 13 - Officers Compensations (Details Textual) - Officer [Member] - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Salary and Wage, Officer, Excluding Cost of Good and Service Sold	$ 215,000	$ 110,000
Payments to Employees	$ 25,045

Note 15 - Shareholders (Details

Note 15 - Shareholders (Details Textual) - shares	Sep. 30, 2019	Dec. 31, 2018
Common Stock, Shares, Issued, Total	3,956,483	3,828,412
Common Stock, Shares, Outstanding, Ending Balance	3,956,483	3,828,412
UNITED STATES
Common Stock, Shares, Outstanding, Ending Balance	557,149
Percentage of Outstanding Shares Held by Shareholders	14.00%
UNITED STATES | Cede & Co. Shareholder [Member]
Common Stock, Shares, Outstanding, Ending Balance	368,586

Note 16 - Related Party Trans_2

Note 16 - Related Party Transactions (Details Textual) - Petrogres Africa Co. Ltd [Member]	Oct. 23, 2019USD ($)shares
Business Combination, Conversion Price, Percentage of Lowest Price of Common Stock during Ten Trading Days	65.00%
Forecast [Member]
Payments to Acquire Businesses, Gross | $	$ 900,000
Business Combination, Maximum Number of Shares on Conversion Rights | shares	3,500,000

Note 17 - Loan Facility from _3

Note 17 - Loan Facility from Related Party (Details Textual) - Chief Executive Officer [Member] - Revolving Credit Facility [Member]	Oct. 31, 2018USD ($)
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,000,000
Long-term Line of Credit, Total	$ 148,900

Note 17 - Loan Facility from _4

Note 17 - Loan Facility from Related Party - Amounts due to CEO (Details)	9 Months Ended
	Sep. 30, 2019USD ($)
Amounts due to related party	$ 1,176,863
Amounts due to related party	1,360,592
Chief Executive Officer [Member] | Amounts due to Chief Executive Officer [Member]
Amounts due to related party	1,176,863
Wages accrued to Christos Traios	215,000
Wages paid to Christos Traios, in cash	(25,045)
Expenses paid to Christos Traios	(6,226)
Amounts due to related party	$ 1,360,592

Note 18 - Revenue Concentrati_3

Note 18 - Revenue Concentrations - Revenue Concentration by Customer (Details)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Customer Concentration Risk [Member] | Customer A [Member] | Revenue from Contract with Customer Benchmark [Member]
Sales concentration percentage	80.00%	69.00%

Note 18 - Revenue Concentrati_4

Note 18 - Revenue Concentrations - Accounts Receivable Concentration by Customer (Details) - Customer Concentration Risk [Member] - Accounts Receivable [Member]	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Customer A [Member]
Sales concentration percentage	32.00%	60.00%
Customer B [Member]
Sales concentration percentage	27.00%	16.00%
Customer C [Member]
Sales concentration percentage	15.00%
Customer D [Member]
Sales concentration percentage	10.00%

Note 19 - Convertible Note (Det

Note 19 - Convertible Note (Details Textual) - Convertible Notes Payable [Member]	Aug. 27, 2019USD ($)
Debt Instrument, Face Amount	$ 310,000
Debt Instrument, Interest Rate, Stated Percentage	8.00%
Debt Instrument, Original Issue Discount	$ 10,000
Debt Instrument, Repayment Percent within 1 to 60 Days	110.00%
Debt Instrument, Repayment Percent within 61 to 120 Days	115.00%
Debt Instrument, Repayment Percent within 121 to 180 Days	120.00%
Debt Instrument, Convertible, Discount Percent on Equity	25.00%

Note 19 - Convertible Note - De

Note 19 - Convertible Note - Derivative Liability (Details)	Sep. 30, 2019
Minimum [Member] | Measurement Input, Price Volatility [Member]
Derivative liability assumptions	1.919
Minimum [Member] | Measurement Input, Risk Free Interest Rate [Member]
Derivative liability assumptions	0.0177
Minimum [Member] | Measurement Input, Expected Term [Member]
Derivative liability assumptions	0.91
Maximum [Member] | Measurement Input, Price Volatility [Member]
Derivative liability assumptions	2.3241
Maximum [Member] | Measurement Input, Risk Free Interest Rate [Member]
Derivative liability assumptions	0.0178
Maximum [Member] | Measurement Input, Expected Term [Member]
Derivative liability assumptions	1

Note 20 - Subsequent Events (De

Note 20 - Subsequent Events (Details Textual) - $ / shares	Oct. 22, 2019	Sep. 30, 2019	Dec. 31, 2018
Common Stock, Par or Stated Value Per Share		$ 0.001	$ 0.001
Subsequent Event [Member]
Common Stock, Par or Stated Value Per Share	$ 0.001
Subsequent Event [Member] | Libertus Marine Ltd. [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	142,858