Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Significant General and Administrative Expense Categories by Geographic Region

The following table presents significant general and administrative expense categories on the same basis provided to the CODM.

For the year ended December 31, 2024:


General & Administrative Expense Category	Greece office			Singapore Office			Dubai Office			Hong-Kong office			UK office			Total
Employee remuneration		4,360,185			1,224,812			835,185			663,132			1,966,132			9,049,446
IT expenses		629,900			9,456			172			7,083			5,988			652,599
Professional fees		1,246,513			8,491			31,770			18,452			36,938			1,342,164
Travel, marketing and communication expenses		301,019			61,718			37,859			34,240			131,774			566,610
Office expenses		733,744			16,010			72,179			29,842			194,660			1,046,435
Other expenses		59,033			38,361			57,326			57,406			30,219			242,345
Total		7,330,394			1,358,848			1,034,491			810,155			2,365,711			12,899,599

19.

Segment Reporting - Continued

For the year ended December 31, 2023:


General & Administrative Expense Category	Greece office			Singapore Office			Dubai Office			Hong-Kong office			UK office			Total
Employee remuneration		3,334,028			1,476,590			768,993			-			1,599,675			7,179,286
IT expenses		256,465			15,585			1,647			-			17,488			291,185
Professional fees		977,727			20,891			63,970			-			39,814			1,102,402
Travel, marketing and communication expenses		247,215			128,171			56,789			-			122,418			554,593
Office expenses		558,891			8,538			8,052			-			144,903			720,384
Other expenses		132,549			65,545			18,785			-			34,987			251,866
Total		5,506,875			1,715,320			918,236			-			1,959,285			10,099,716

For the year ended December 31, 2022:


General & Administrative Expense Category	Greece office			Singapore Office			Dubai Office			Hong-Kong office			UK office			Total
Employee remuneration		1,767,418			882,323			-			-			1,383,409			4,033,150
IT expenses		191,819			51,203			-			-			19,473			262,495
Professional fees		123,649			14,839			-			-			44,985			183,473
Travel, marketing and communication expenses		125,961			53,688			-			-			119,067			298,716
Office expenses		119,312			5,625			-			-			3,070			128,007
Other expenses		98,801			26,346			-			-			29,157			154,304
Total		2,426,960			1,034,024			-			-			1,599,161			5,060,145

Schedule of Geographical Information of Revenues

The Company discloses in the table below the geographical information of revenues in accordance with ASC 280. Revenues are attributed to individual countries based on the location of the customer, which is determined by the customer's country of domicile as specified in the charter party agreements or other commercial arrangements. During the years ended December 31, 2024, 2023 and 2022, countries that individually represent more than 10% of total revenues are disclosed separately, while revenues from all other countries are aggregated and presented under "Other."


		Year ended December 31,
Country		2024				2023				2022
Singapore			13,741,100				21,991,563				6,075,922
Marshall Islands			10,855,355				23,470,371				17,405,139
United Arab Emirates			-				-				3,648,873
Other			4,353,418				3,635,502				2,933,944
Total revenues			28,949,873				49,097,436				30,063,878

Schedule of Revenue by Customers

During the years ended December 31, 2024, 2023 and 2022 three customers, accounted for 10% or more of the Company’s revenues.


		Year ended December 31,
Customer		2024				2023				2022
A (Singapore)			45	%			22	%			-
B (Marshall Islands)			13	%			-				-
C (Marshall Islands)			13	%			11	%			14	%
D (Marshall Islands)			-				17	%			21	%
E (United Arab Emirates)			-				-				12	%