v3.25.1
Consolidated Statements of Income - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Total revenues $ 28,949,873 $ 49,097,436 $ 30,063,878
Operating expenses      
Voyage expenses 610,292 762,229 1,127,878
Loss on inventories (Note 13) 101,756    
Operating lease expenses (Note 9) 9,867,091 8,077,834 3,515,026
Charter-in expenses (Note 9) 1,320,063 10,505,532 3,412,929
General and administrative expenses 12,899,599 10,099,716 5,060,145
Amortization of intangible asset (Note 15) 20,672    
Depreciation (Note 4) 39,874 12,828 21,099
Loss on sale of vehicle (Note 4)     8,332
Total operating expenses 24,859,347 29,458,139 13,145,409
Operating income 4,090,526 19,639,297 16,918,469
Other income/(expenses)      
Interest income, net 428,829 938,342 7,717
Interest income, related parties (Note 3) 77,308    
Finance costs (Note 12 and 15) (1,832,995) (1,368,613) (751,431)
Finance costs, related party (Note 3 and 12) (77,117) (4,833) 0
Share of loss from joint venture (Note 16) (859,400)    
Other income, net 250,468    
Foreign exchange (losses)/ gains (164,168) 350,005 6,194
Other expenses, net (2,177,075) (85,099) (737,520)
Net income for the year $ 1,913,451 $ 19,554,198 $ 16,180,949
Earnings per Share (Note 17):      
Basic $ 19,931.78 $ 203,689.56 $ 168,551.55
Diluted $ 19,931.78 $ 203,689.56 $ 168,551.55
Weighted-average shares outstanding      
Basic 96 96 96
Diluted 96 96 96
Trade Revenues      
Revenues      
Total revenues $ 3,334,142 $ 4,930,274 $ 3,924,994
Trade Revenues Related Parties      
Revenues      
Total revenues 9,764,800 13,788,955 10,447,600
Voyage and Time Charter Revenues      
Revenues      
Total revenues 15,180,700 21,968,679 9,467,373
Syndication Income Related Party      
Revenues      
Total revenues $ 670,231 $ 8,409,528 $ 6,223,911