Note 23 - Going Concern - Substantial Doubt	12 Months Ended
Note 23 - Going Concern - Substantial Doubt	Dec. 31, 2020
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	Note 23 Going Concern - Substantial Doubt The management of the Company assesses the Company's ability to continue as a going concern at each period end. The assessments evaluate whether there are conditions that give rise to substantial doubt to continue as a going concern within one year from the consolidated financial statements issuance date. On the ground of management evaluation and consideration for the next period of twelve months, the company will be in the need of significant working capital to continue its oil trading operations, to keep repairing and provide the necessary maintenance on its tankers fleet, to complete the renovation of the leased gas stations and supplies the oil products, and furthermore, to support all the corporate expenses of the parent company. Management plans to continue to seek debt and/or equity capital to fund its operations but there can be no assurance that management will be able to do so. The accompanying consolidated financial statements do not contain any adjustments related to this uncertainty. The coronavirus pandemic has imposed the continuing lockdown of the Company's office in Greece, and the majority of its operations ceased. While our employees, vessel's crew and labors are staying at their homes and our fleet still remains idle. Furthermore, the Covid- 19 outbreaks created additional downward pressure on the demand for oil products in which we transact our business and we may not be able to fully assess the effects on our future operations. In addition, the recent dropping of oil prices has a material adverse impact to our oil trade, and we expect a further depress on the demand, as the oil production and transactional activity is suffering worldwide. Moreover, our visibility on the particular effects of COVID- 19 outbreak in Africa is limited due to lack of information. In of that said and under the present circumstances we believe that our incomes undoubtedly will be heavily affected during the next year, and that raises substantial doubt for the company's ability to continue its business unless the company succeed to raise extra cash financing in the near future.

PETROGRESS, INC 10-K