v3.25.2
Vessels, net/Assets held for sale (Tables)
 6 Months Ended
Jun. 30, 2025
Vessels, net/Assets held for sale [Abstract]  
Disposal Group

The Company’s subsidiary Energiepark Heringen-Philippsthal WP HP GmbH & Co, KG (“EP Heringen”), which operates a windfarm in Germany, met the held for sale criteria as of December 31, 2024 and June 30, 2025. The Company intends to sell this subsidiary to an investment fund to which the Company will provide investment advisory services, when investors have committed to provide a sufficient amount of equity to the fund. Management expects this to be the case in 2025.  As a result, the disposal group was measured at fair value.


   
December 31,
2024
    
 June 30,
2025
  
Goodwill
  
$
3,238,569
     $
 —  
Property and equipment     29,882,640       33,613,236  
Intangible assets     566,806       637,568  
Accounts receivable trade, net and other current assets     289,160       394,949  
Cash and cash equivalents     720,210       1,148,232  
Assets held for sale  
34,697,385    
35,793,985  

               
Long-term debt, net    
 15,685,330      
 17,106,917  
Deferred tax liabilities     1,227,844       —  
Accounts payable and other current liabilities     743,197       790,079  
Liabilities directly associated with assets held for sale   $
17,656,371     $
17,896,996  
Vessels [Member]  
Vessels, net/Assets held for sale [Abstract]  
Vessels, Net
(a)  Vessels, net: The amounts in the accompanying unaudited condensed consolidated balance sheets are analyzed as follows:

   
Vessel Cost
    
Accumulated
depreciation
    
Net Book Value
  
Balance December 31, 2024
   $
227,879,519
     $
(27,436,326
)
   $
200,443,193
  
— Improvements, and other vessel costs
    313,972       —       313,972  
— Vessel disposals
     (42,365,879 )     7,495,493       (34,870,386 )
— Period depreciation
     —      
(4,980,785
)
    
(4,980,785
)
Balance June 30, 2025
   $
185,827,612
     $
(24,921,618
)
   $
160,905,994