v3.25.2
Deferred Charges, net
6 Months Ended
Jun. 30, 2025
Deferred Charges, net [Abstract]  
Deferred Charges, net
4.
Deferred Charges, net:

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

 
 
Dry-docking costs
 
Balance December 31, 2024
 
$
2,205,544
 
Additions
   
3,864,258
 
Amortization
   
(522,455
)
Balance June 30, 2025
 
$
5,547,347
 

During the six months ended June 30, 2025, three of the Company’s dry bulk carrier vessels (the M/V Magic P, M/V Magic Ariel and M/V Magic Starlight) concluded scheduled dry-docking repairs.