Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2025

Joint Ventures [Abstract]

Summarized Balance Sheet of Joint Ventures

The summarized financial information presented in the following table presents the joint venture on a 100% basis.


Summarized Balance sheet		June 30, 2025
Assets
Cash and cash equivalents			80,983
Other current assets			307,202
Total Current Assets			388,185
Total Assets			388,185
Shareholders’ Equity
Additional paid-in capital			2,038,565
Accumulated losses			(1,875,220	)
Total Shareholders’ Equity			163,345
Liabilities
Accounts payable and accrued expenses			224,840
Total Current Liabilities			224,840
Total Liabilities			224,840
Total Liabilities and Shareholders’ Equity			388,185

Summarized Statement of Income of Joint Ventures


Summarized Statement of Income		Six Month Period Ended June 30, 2025
Voyage and time charter revenues			2,355,919
Charter-in expenses			(401,162	)
Voyage expenses			(1,984,012	)
General and administrative expenses			(115,016	)
Loss on freight forward agreements			(12,271	)
Other expenses, net			122,00
Loss for the period			(156,420	)