Operating Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting Information [Line Items]

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 six months ended June 30, 2025:


General & Administrative Expense Category	Greece office			Singapore Office			Dubai Office			Hong-Kong office			UK office			US office	Total
Employee remuneration		3,062,456			1,230,794			382,437			454,073			2,263,585		143,138		7,536,483
IT expenses		224,678			774			-			740			1,734		-		227,926
Professional fees		1,647,250			83,652			11,873			2,005			5,088		-		1,749,868
Travel, marketing and communication expenses		127,253			20,534			42,200			8,164			55,401		-		253,552
Office expenses		367,846			15,024			29,315			15,763			98,681		-		526,629
Other expenses		59,496			13,761			14,556			22,313			22,564		9,637		142,327
Total		5,488,979			1,364,539			480,381			503,058			2,447,053		152,775		10,436,785

For the six months ended June 30, 2024:


General & Administrative Expense Category	Greece office			Singapore Office			Dubai Office			Hong-Kong office			UK office			Total
Employee remuneration		2,617,725			565,438			803,280			200,613			1,124,458			5,311,514
IT expenses		345,530			7,452			2,500			3,863			2,707			362,052
Professional fees		199,140			13,179			7,706			2,128			29,177			251,330
Travel, marketing and communication expenses		109,371			31,312			10,195			5,970			57,833			214,681
Office expenses		383,619			6,045			39,616			4,202			96,569			530,051
Other expenses		39,126			26,921			18,925			26,404			24,995			136,371
Total		3,694,511			650,347			882,222			243,180			1,335,739			6,805,999

Schedule of Geographical Information of Revenues

The table below discloses the Company’s 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 six months period ended June 30, 2025 and June 30, 2024 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".


		Six Months Period Ended June 30,
Country		2025				2024
Singapore			4,424,536				7,171,848
Marshall Islands			3,837,121				6,451,652
Germany			2,373,047				-
Switzerland			2,670,776				1,439,600
Other			1,846,342				1,380,708
Total revenues			15,151,822				16,443,808

Schedule of Revenue by Customers

During the six-month periods ended June 30, 2025 and June 30, 2024 three and four customers, respectively, accounted for 10% or more of the Company’s revenues.


		Six Months Period Ended June 30,
Customer		2025				2024
A (Singapore)			29 %				44 %
B (Marshall Islands)			-				15 %
C (Marshall Islands)			-				13 %
D (Germany)			16 %				-
E (Switzerland)			18 %				9 %