Note 6 - Accrued Expenses

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

6.	Accrued Expenses

The accrued expenses consist of:

	December 31, 2024			December 31, 2025

Accrued payroll expenses		472,463			66,980
Accrued interest expense		981,293			739,775
Accrued general and administrative expenses		75,216			86,221
Accrued commissions		177,534			159,472
Accrued liability for emission allowances		67,915			942,604
Other accrued expenses		2,079,645	(1)		1,075,578
Total		3,854,066			3,070,630

(1) It includes a provision of $1,500,000 as of December 31, 2024, relating to a fine of $1,125,000 plus a $375,000 donation in relation to the incident of M/V "Good Heart" (refer Note 10).