Note 6 — Finance Income and Costs
The details of finance income and costs on the statements of loss and comprehensive 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)