v3.25.1
Earnings per share (Tables)
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of calculation of basic and diluted earnings per share
   
Period from July 25, 2022 to
December 31, 2022
     
Year Ended December 31,

2023
    
Year Ended December 31,
2024
  
   
Basic EPS
     
Diluted EPS
     
Basic EPS
    
Diluted EPS
    
Basic EPS
    
Diluted EPS
  
Numerator
              
Net income/(loss)
     551,586        551,586        9,291,912       9,291,912       (2,748,367 )      (2,748,367 ) 
Less: Cumulative dividends on Series A Perpetual Convertible Preferred Shares
     —         —         (404,167 )      —        (762,500 )      (762,500 ) 
Less: Down round deemed dividend on Series A Perpetual Convertible Preferred Shares (Note 8)
     —         —         (171,968 )      —        (4,578,000 )      (4,578,000 ) 
Less: Undistributed earnings allocated to
non-vested
shares
     —         —         (188,369 )      (75,554 )      —        —   
 
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Net income/(loss) attributable to common shareholders
     551,586        551,586        8,527,408       9,216,358       (8,088,867 )      (8,088,867 ) 
Denominator
              
Weighted average number of shares outstanding, basic
     2,122        2,122        3,615       3,615       314,341       314,341  
 
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Series A Perpetual Convertible Preferred Shares (Note 8)
     —         2,857      —        6,127       —        —   
 
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Effect of dilutive shares
     —         2,857        —        6,127       —        —   
 
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Weighted average number of shares outstanding, diluted
     —         4,979        —        9,742       —        314,341  
 
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Earnings/(loss) per share
     259.94        110.78        2,358.90       946.04       (25.73 )      (25.73 )