v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND MEZZANINE EQUITY - USD ($)
Preferred Shares [Member]
Series B Preferred Shares [Member]
Common Shares [Member]
Additional Paid-in Capital [Member]
Treasury Stock [Member]
(Accumulated Deficit)/Retained Earnings [Member]
Total
Series A Preferred Shares [Member]
Beginning balance at Dec. 31, 2023 $ 40 $ 19,022 $ 57,244,290 $ (223,840) $ 119,701,687 $ 176,741,199  
Beginning balance (in shares) at Dec. 31, 2023 40,000 19,021,758          
Beginning balance (in shares) at Dec. 31, 2023       (43,349)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 0 $ 0 0 $ 0 23,254,128 23,254,128  
Comprehensive income 0 0 0 0 23,254,128 23,254,128  
Issuance of restricted stock and compensation cost (Note 12) $ 0 $ 760 2,616,759 $ 0 0 2,617,519  
Issuance of restricted stock and compensation cost (Note 12) (in shares) 0 760,000   0      
Repurchase of common shares (Note 8) $ 0 $ (688) (3,951,160)        
Repurchase of common shares (Note 8) (in shares)   (687,905)          
Repurchase of common shares (Note 8)       $ 223,840      
Repurchase of common shares (Note 8) (in shares)       43,349      
Repurchase of common shares (Note 8)         0 (3,728,008)  
Dividend on Series A preferred shares (Note 9) 0 $ 0 0 $ 0 (707,778) (707,778)  
Deemed dividend on Series A preferred shares (Note 9) 0 0 0 0 (1,509,700) (1,509,700)  
Ending balance at Jun. 30, 2024 $ 40 $ 19,094 55,909,889 $ 0 140,738,337 196,667,360  
Ending balance (in shares) at Jun. 30, 2024 40,000 19,093,853          
Ending balance (in shares) at Jun. 30, 2024       0      
Beginning balance at Dec. 31, 2023             $ 119,601,410
Beginning balance (in shares) at Dec. 31, 2023             140,000
Increase (Decrease) in Temporary Equity [Roll Forward]              
Deemed dividend on Series A preferred shares (Note 9)             $ 1,509,700
Ending balance at Jun. 30, 2024             $ 121,111,110
Ending balance (in shares) at Jun. 30, 2024             140,000
Beginning balance at Dec. 31, 2024 $ 40 $ 19,094 58,605,224 $ 0 140,421,449 199,045,807  
Beginning balance (in shares) at Dec. 31, 2024 40,000 19,093,853          
Beginning balance (in shares) at Dec. 31, 2024       0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 0 $ 0 0 $ 0 3,012,080 3,012,080  
Comprehensive income 0 0 0 0 3,012,080 3,012,080  
Issuance of restricted stock and compensation cost (Note 12) $ 0 $ 0 1,769,877 $ 0 0 $ 1,769,877  
Issuance of restricted stock and compensation cost (Note 12) (in shares) 0 0   0   2,000,000  
Distribution of net assets of Robin Energy Ltd. to shareholders (Note 1)   $ 0 (5,639,637) $ 0 0 $ (5,639,637)  
Dividend on Series A preferred shares (Note 9) $ 0 0 0 0 (703,889) (703,889)  
Deemed dividend on Series A preferred shares (Note 9) 0 0 0 0 (1,557,952) (1,557,952)  
Ending balance at Jun. 30, 2025 $ 40 $ 19,094 $ 54,735,464 $ 0 $ 141,171,688 195,926,286  
Ending balance (in shares) at Jun. 30, 2025 40,000 19,093,853          
Ending balance (in shares) at Jun. 30, 2025       0      
Beginning balance at Dec. 31, 2024           122,665,819 $ 122,665,819
Beginning balance (in shares) at Dec. 31, 2024             140,000
Increase (Decrease) in Temporary Equity [Roll Forward]              
Deemed dividend on Series A preferred shares (Note 9)             $ 1,557,952
Ending balance at Jun. 30, 2025           $ 124,223,771 $ 124,223,771
Ending balance (in shares) at Jun. 30, 2025             140,000