v3.22.2.2
COMBINED CARVE-OUT STATEMENTS OF PARENTS' EQUITY - USD ($)
Parent Company Investment
OceanPal Inc. Predecessors
Preferred stock
Series B Preferred Stock
Preferred stock
Preferred stock Series C
Common stock
Additional paid-in capital
Retained Earnings
OceanPal Inc. Predecessors
Retained Earnings
OceanPal Inc. Predecessors
Total
Balance at the beginning at Dec. 31, 2019 $ 140,038,822         $ (105,176,649)   $ 34,862,173  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Parent Investment, net (Note 6) 1,271,586             1,271,586  
Net Income (loss) and comprehensive loss           (1,018,310)   (1,018,310)  
Balance at the end at Jun. 30, 2020 141,310,408         (106,194,959)   35,115,449  
Balance at the beginning at Dec. 31, 2020 144,274,678         (108,972,608)   35,302,070  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Parent Distribution, net (Note 6) (3,349,458)             (3,349,458)  
Net Income (loss) and comprehensive loss           433,460   433,460  
Balance at the end at Jun. 30, 2021 140,925,220     $ 5,000   (108,539,148) $ (1,000) 32,386,072 $ 4,000
Balance at the end (in shares) at Jun. 30, 2021       500          
Balance at the beginning at Apr. 14, 2021       $ 5,000          
Balance at the beginning (in shares) at Apr. 14, 2021       500          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net Income (loss) and comprehensive loss             (1,000)   (1,000)
Balance at the end at Jun. 30, 2021 $ 140,925,220     $ 5,000   $ (108,539,148) (1,000) $ 32,386,072 4,000
Balance at the end (in shares) at Jun. 30, 2021       500          
Balance at the beginning at Dec. 31, 2021   $ 5,000   $ 88,000 $ 47,991,000   65,000   48,149,000
Balance at the beginning (in shares) at Dec. 31, 2021   500,000 10,000 8,820,240          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net Income (loss) and comprehensive loss             1,062,000   1,062,000
Dividends declared on series C preferred stock (Note 6(c))         (235,000)   $ (236,000)   (471,000)
Balance at the end at Jun. 30, 2022   $ 5,000   $ 298,000 $ 60,615,000       $ 60,918,000
Balance at the end (in shares) at Jun. 30, 2022   500,000 10,000 29,829,092