v3.25.2
Deferred Charges, net
6 Months Ended
Jun. 30, 2025
Deferred Charges, net [Abstract]  
Deferred Charges, net
5.
Deferred Charges, net:


The movement in deferred charges net, which represents deferred dry-docking costs, in the accompanying unaudited condensed consolidated balance sheets is as follows:

 
Dry-docking costs
 
Balance December 31, 2024
 
$
1,081,481
 
Additions
   
1,826,949
 
Spin-off of Handysize tanker vessel (Note 1)
    (823,410 )
Amortization
   
(297,344
)
Balance June 30, 2025
 
$
1,787,676
 

During the six months ended June 30, 2025, the LPG Dream Arrax and LPG Dream Terrax initiated and completed their scheduled dry-dock repairs.