v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 20,315,532 $ 6,711,327
Restricted cash 2,156,922 1,587,268
Trade accounts receivable, net 3,305,910 8,433,076
Other receivables 941,061 1,112,856
Prepaid expenses 511,167 474,488
Inventories 1,307,731 2,097,083
Derivative 84,510 120,675
Assets held for sale 0 2,789,715
Total current assets 28,622,833 23,326,488
Long-term assets    
Advances for vessels under construction 14,386,560 7,188,614
Vessels, net 165,890,705 185,465,570
Derivative 0 144,523
Restricted cash 3,200,000 3,610,000
Total assets 212,100,098 219,735,195
Long-term bank loans, net of current portion 90,869,277 95,381,535
Total long-term liabilities 90,869,277 95,381,535
Total liabilities 109,592,766 114,142,750
Current liabilities    
Long-term bank loans, current portion 12,009,265 11,810,351
Trade accounts payable 2,174,191 2,668,490
Accrued expenses 3,070,630 3,854,066
Deferred revenues 842,172 247,294
Total current liabilities 18,723,489 18,761,215
Shareholders’ equity    
Common stock (par value $0.01, 200,000,000 shares authorized, 2,826,697 and 2,890,547 issued and outstanding, respectively) 28,905 28,266
Additional paid-in capital 68,551,846 67,751,242
Retained earnings 24,694,154 28,958,375
Total shareholders’ equity attributable to EuroDry Ltd. shareholders 93,274,905 96,737,883
Non-controlling interest 9,232,427 8,854,562
Total shareholders’ equity 102,507,332 105,592,445
Total liabilities and shareholders’ equity 212,100,098 219,735,195
Related Party [Member]    
Current liabilities    
Due to related companies $ 627,231 $ 181,014