Joint Ventures - Additional Information (Details) - USD ($) |
12 Months Ended | |
---|---|---|
Jan. 18, 2024 |
Dec. 31, 2024 |
|
Joint Ventures [Line Items] | ||
Share of loss from joint venture | $ (859,400) | |
Carrying amount of investment in joint venture | 1,569,573 | |
BH Cape Holdings | ||
Joint Ventures [Line Items] | ||
Joint venture formation, fair value of joint venture | $ 2,428,973 | |
Par value | $ 0 | |
Joint venture formation, percentage of share in net results | 50.00% | |
Joint venture formation, formation date | Jan. 18, 2024 | |
Joint venture formation, description | The board of BH Cape Holdings comprises of four directors, two directors from each of HMI and Bainbridge. Following the joint venture agreement, BH Cape Holdings meets the definition of a joint venture in accordance with the provisions of the ASC 323-10, “Investments—Equity Method and Joint Ventures”. Heidmar Inc. exercises joint control over BH Cape Holdings since all strategic decisions, including the approval of the budget, require the unanimous approval and consent of all four directors of BH Cape Holdings. | |
Share of loss from joint venture | $ (859,400) | |
Carrying amount of investment in joint venture | 1,569,573 | |
Joint venture carrying amount | $ 467,060 |