v3.26.1
Note 5 - Vessels, Net - Summary of Vessels (Details) - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net Book Value $ 185,465,570    
- Depreciation for the year (12,410,687) $ (13,877,730) $ (10,966,621)
Vessel depreciation 12,410,687 13,877,730 10,966,621
Net Book Value 165,890,705 185,465,570  
Vessels [Member]      
Costs 239,876,345 250,841,629  
Accumulated Depreciation (54,410,775) (47,313,513)  
Net Book Value 185,465,570 203,528,116  
- Depreciation for the year (12,410,687) (13,877,730)  
- Vessel acquisitions and improvements 293,598 1,339,053  
- Vessel held for sale, gross   (5,231,397)  
- Vessel held for sale, depreciation   2,504,133  
- Vessel held for sale, net   (2,727,264)  
- Impairment loss, gross   (7,072,940)  
- Impairment loss, depreciation   4,276,335  
- Impairment loss, net   (2,796,605)  
Vessel depreciation 12,410,687 13,877,730  
- Sale of vessels (21,757,824)    
- Sale of vessels, depreciation 14,300,048    
- Sale of vessels, net (7,457,776)    
Costs 218,412,119 239,876,345 250,841,629
Accumulated Depreciation (52,521,414) (54,410,775) (47,313,513)
Net Book Value $ 165,890,705 $ 185,465,570 $ 203,528,116