v3.25.1
Vessels, Net (Tables)
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Summary of Accompanying Consolidated Balance Sheets of Vessels, Net
The amounts shown in the accompanying consolidated balance sheets are analyzed as follows:
 
    
Vessel cost
    
Accumulated
depreciation
    
Net book
value
 
Balance, January 1, 2023
  
 
39,394,125
 
  
 
(557,974
  
 
38,836,151
 
  
 
 
    
 
 
    
 
 
 
Acquisitions and improvements
     40,430,000        —         40,430,000  
Depreciation for the year
     —         (4,104,720      (4,104,720
  
 
 
    
 
 
    
 
 
 
Balance, December 31, 2023
  
 
79,824,125
 
  
 
(4,662,694
  
 
75,161,431
 
  
 
 
    
 
 
    
 
 
 
Acquisitions and improvements
     15,166,025        —         15,166,025  
Depreciation for the year
     —         (6,177,651      (6,177,651
  
 
 
    
 
 
    
 
 
 
Balance, December 31, 2024
  
 
94,990,150
 
  
 
(10,840,345
  
 
84,149,805