v3.26.1
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Series A Convertible Preferred Stock [Member]
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Parent [Member]
Noncontrolling Interest [Member]
Total
Beginning balance, value at Dec. 31, 2022 $ 11 $ 111,869 $ (50,509) $ 61,371 $ 61,371
Balance, shares at Dec. 31, 2022 449,473 10,614,319          
Conversion of Series A Convertible Preferred Shares to common stock 3 (1) 2 2
Conversion of Series A Convertible Preferred Shares to common stock, shares (45,842)            
Conversion of Series A Convertible Preferred Shares to common stock, shares   204,819          
Preferred stock dividends ($1.6150 per share) (797) (797) (797)
Common stock re-purchase program (1,244) (1,244) (1,244)
Common stock re-purchase program, shares   (331,591)          
Restricted common stock grants 171 171 171
Restricted common stock grants, shares   55,000          
Net income/(loss) 37,037 37,037 (201) 36,836
Contributions from non-controlling interest 4,520 4,520
Common stock re-purchase program, shares   (331,591)          
Ending balance, value at Dec. 31, 2023 $ 11 110,799 (14,270) 96,540 4,319 100,859
Balance, shares at Dec. 31, 2023 403,631 10,542,547          
Conversion of Series A Convertible Preferred Shares to common stock
Conversion of Series A Convertible Preferred Shares to common stock, shares (460)            
Conversion of Series A Convertible Preferred Shares to common stock, shares   2,053          
Preferred stock dividends ($1.6150 per share) (586) (586) (586)
Common stock re-purchase program (1,486) (1,486) (1,486)
Common stock re-purchase program, shares   (331,558)          
Restricted common stock grants 62 62 62
Restricted common stock grants, shares   72,500          
Net income/(loss) 12,868 12,868 (361) 12,507
Contributions from non-controlling interest 5,880 5,880
Common stock issued for vessel acquisition 1,382 1,382 1,382
Common stock issued for vessel acquisition, shares   267,857          
Deemed dividend from vessel acquisition (5,325) (5,325) (3,550) (8,875)
Redemption of Series A Convertible Preferred shares (7,397) (2,682) (10,079) (10,079)
Redemption of Series A Convertible Preferred shares, shares (403,171)            
Ending balance, value at Dec. 31, 2024 $ 11 98,035 (4,670) 93,376 6,288 99,664
Balance, shares at Dec. 31, 2024 10,553,399          
Restricted common stock grants 263 263 263
Net income/(loss) 1,994 1,994 (59) 1,935
Common stock re-purchase program (472) (472) (472)
Common stock re-purchase program, shares   (134,538)          
Canceled shares $ (1) (1)
Canceled, shares   (2)          
Ending balance, value at Dec. 31, 2025 $ 10 $ 97,826 $ (2,676) $ 95,160 $ 6,229 $ 101,389
Balance, shares at Dec. 31, 2025 10,418,859