| Property, Plant, and Equipment [Table Text Block] |
| |
|
Cost
|
|
|
Accumulated
Depreciation
|
|
|
Net Book
Value
|
|
|
Balance, January 1, 2024
|
|
|
250,841,629 |
|
|
|
(47,313,513 |
) |
|
|
203,528,116 |
|
|
- Depreciation for the year
|
|
|
- |
|
|
|
(13,877,730 |
) |
|
|
(13,877,730 |
) |
|
- Vessel improvements
|
|
|
1,339,053 |
|
|
|
- |
|
|
|
1,339,053 |
|
|
- Vessel held for sale
|
|
|
(5,231,397 |
) |
|
|
2,504,133 |
|
|
|
(2,727,264 |
) |
|
- Impairment loss
|
|
|
(7,072,940 |
) |
|
|
4,276,335 |
|
|
|
(2,796,605 |
) |
|
Balance, December 31, 2024
|
|
|
239,876,345 |
|
|
|
(54,410,775 |
) |
|
|
185,465,570 |
|
|
- Depreciation for the year
|
|
|
- |
|
|
|
(12,410,687 |
) |
|
|
(12,410,687 |
) |
|
- Vessel improvements
|
|
|
293,598 |
|
|
|
- |
|
|
|
293,598 |
|
|
- Sale of vessels
|
|
|
(21,757,824 |
) |
|
|
14,300,048 |
|
|
|
(7,457,776 |
) |
|
Balance, December 31, 2025
|
|
|
218,412,119 |
|
|
|
(52,521,414 |
) |
|
|
165,890,705 |
|
|