Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Line Items]

Summary of Property and Equipment Expected Useful Life

The expected useful life of each of the assets are as follows:


Property and equipment
Furniture and office equipment	10 years
IT equipment and software	5 years

Schedule of Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses as of December 31, 2024 and 2023 consist of the following:


		December 31,
		2024				2023
Trade accounts payable			856,558				659,442
Accrued expenses			873,750				1,081,173
Total			1,730,308				1,740,615

Schedule of Net Revenue by Geographic Location

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