v3.25.1
Revenues
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenues
7.
Revenues

Trade revenues for the years ended December 31, 2024, 2023 and 2022 consists of the following items:

 

 

December 31,

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

Commission revenue

 

 

2,072,752

 

 

 

3,409,716

 

 

 

2,587,819

 

Management fee revenue

 

 

1,111,791

 

 

 

1,173,139

 

 

 

954,348

 

Other revenue

 

 

149,599

 

 

 

347,419

 

 

 

382,827

 

Total

 

 

3,334,142

 

 

 

4,930,274

 

 

 

3,924,994

 

 

Voyage and Time charter revenues for the years ended December 31, 2024, 2023 and 2022 consists of the following items:

 

 

December 31,

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

Charter hire revenue

 

 

15,260,157

 

 

 

22,047,017

 

 

 

5,827,179

 

Voyage revenue

 

 

-

 

 

 

-

 

 

 

3,742,434

 

Address commissions

 

 

(79,457

)

 

 

(78,338

)

 

 

(102,240

)

Total

 

 

15,180,700

 

 

 

21,968,679

 

 

 

9,467,373

 

 

As of December 31, 2024, one vessel was employed under time charter agreement with remaining tenor of 0.3 years.

As of December 31, 2024, 2023 and 2022 there were no voyage expenses incurred between the contract date and the date of the vessel’s arrival to the load port and no unearned revenue related to undelivered performance obligations.