v3.25.2
Revenues (Tables)
 6 Months Ended
Jun. 30, 2025
Revenues [Abstract]  
Vessel Revenues
The following table includes the vessel revenues earned by the Company by type of contract (time charters and pool agreements) in each of the six months ended June 30, 2024, and 2025, as presented in the accompanying unaudited interim condensed consolidated statements of comprehensive income:

 
  
Six months ended
June 30,
    
Six months ended
June 30,
  
 
  
2024
    
2025
  
Time charter revenues
   $
36,669,776
     $
20,213,839
  
Pool revenues
    
—
      
1,268,428
  
Total Vessel revenues
  
$
36,669,776
    
$
21,482,267
  

The following table represents a disaggregation of revenue from contracts with customers by type of service:

 
  
Six months ended
June 30, 2025
  
Ship Management
  
$
7,718,334
  
Management Services
    
4,044,698
  
Transaction Services
    
3,351,292
  
Other Revenue
    
1,689,221
  
Total
  
$
16,803,545
  
Geographical Disaggregation of Revenue
The following table represents a geographical disaggregation of revenue from services:

 
  
Six months ended
June 30, 2025
  
Germany
  
$
12,574,925
  
The Netherlands
    
1,056,963
  
China (Hong Kong)
    
2,046,150
  
Singapore
    
497,223
  
Panama
    
35,798
  
Colombia
    
592,486
  
Total revenue from services
  
$
16,803,545