v3.25.2
Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Revenues    
Total revenues $ 15,151,822 $ 16,443,808
Operating expenses    
Voyage expenses 1,015,058 610,292
Gain on inventories (182,633)  
Operating lease expenses (Note 7) 7,217,463 4,907,901
Other operating income (732,971)  
Charter-in expenses (Note 7)   1,320,063
General and administrative expenses (Note 15) 10,436,785 6,805,999
Amortization of intangible asset (Note 9) 14,700 8,437
Depreciation (Note 4) 23,956 14,620
Total expenses, net 17,792,358 13,667,312
Operating (loss)/income (2,640,536) 2,776,496
Other income/(expenses), net    
Interest income, net 92,314 205,360
Finance income/ (costs), net (Note 8) 83,314 (976,588)
Finance costs, related party (Note 3, 8) 0 (77,117)
Other (expenses)/ income, net (3,758,110) 106,342
Interest income, related parties 5,060  
Share of loss from joint venture (Note 10) (78,210)  
Foreign exchange gains/ (losses) 308,422 (163,612)
Total other expenses, net (3,347,210) (905,615)
Net (loss)/income from continuing operations (5,987,746) 1,870,881
Net loss from discontinued operations (Note 14) (13,770,740)  
Net (loss)/income $ (19,758,486) $ 1,870,881
Net (loss)/ income from continuing operations per:    
Net (loss)/ income from continuing operations per: common share, basic (Note 12) $ (0.1) $ 0.03
Net (loss)/ income from continuing operations per: common share, diluted (Note12) $ (0.1) $ 0.03
Weighted-average shares outstanding continuing operations    
Weighted-average shares outstanding continuing operations common share , basic 57,993,297 57,102,588
Weighted-average shares outstanding continuing operations common share , diluted 57,993,297 57,102,588
Net loss from discontinued operations per:    
Net loss from discontinued operations common share, basic (Note 12) $ (0.24)  
Net loss from discontinued operations common share, diluted (Note 12) $ (0.24)  
Weighted-average shares outstanding disontinued operations    
Weighted-average shares outstanding discontinued operations common share , basic 57,993,297 57,102,588
Weighted-average shares outstanding discontinued operations common share , diluted 57,993,297 57,102,588
Net (loss)/ income per:    
Common share, basic (Note 12) $ (0.34) $ 0.03
Common share, diluted (Note 12) $ (0.34) $ 0.03
Weighted-average shares outstanding    
Common share, basic 57,993,297 57,102,588
Common share, diluted 57,993,297 57,102,588
Trade Revenues    
Revenues    
Total revenues $ 1,864,769 $ 1,620,979
Trade Revenues Related Parties    
Revenues    
Total revenues 3,818,694 5,561,659
Voyage and Time Charter Revenues    
Revenues    
Total revenues $ 9,468,359 8,611,448
Syndication Income Related Party    
Revenues    
Total revenues   $ 649,722