Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2024

The amounts charged by the Company’s related parties comprised the following:


	Location in consolidated statements of operations	Period from July 25, 2022 to December 31, 2022		Year ended December 31, 2023		Year ended December 31, 2024
Management fees charged by Brave Maritime Corp.	Management fees – related parties		—		245,520		586,960
Management fees charged by Stealth Maritime Corp.	Management fees – related parties		77,440		150,480		—
Brokerage commissions charged by Brave Maritime Corp.	Voyage expenses – related parties		—		283,141		522,628
Brokerage commissions charged by Stealth Maritime Corp.	Voyage expenses – related parties		40,833		57,125		—
Superintendent fees	Vessels’ operating expenses – related parties		2,000		5,500		25,500
Crew management fees charged by Brave Maritime Corp.	Vessels’ operating expenses – related parties		—		43,750		109,167
Crew management fees charged by Stealth Maritime Corp.	Vessels’ operating expenses – related parties		5,000		30,000		—
General and administrative expenses – former parent	General and administrative expenses-related parties		121,327		268,089		—
Executive compensation	General and administrative expenses-related parties		—		252,785		445,866
Rental expense	General and administrative expenses-related parties		—		—		33,422
Commissions – vessel purchased	Vessels, net		390,000		430,000		161,900
Interest expense	Interest and finance costs – related party		—		1,363,360		2,460,705