Note 8 - Long-term Bank Loans (Details Textual)
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1 Months Ended |
12 Months Ended |
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Dec. 15, 2025
USD ($)
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Nov. 03, 2025
USD ($)
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Sep. 18, 2025
USD ($)
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Nov. 12, 2024
USD ($)
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Oct. 15, 2024
USD ($)
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Jun. 30, 2024
USD ($)
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Jun. 20, 2024
USD ($)
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Feb. 24, 2024
USD ($)
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Oct. 23, 2023
USD ($)
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Oct. 12, 2023
USD ($)
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Jun. 20, 2023
USD ($)
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Sep. 30, 2022
USD ($)
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Aug. 12, 2021
USD ($)
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Feb. 22, 2021
USD ($)
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Dec. 31, 2025
USD ($)
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Dec. 31, 2025
USD ($)
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Dec. 31, 2024
USD ($)
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Dec. 31, 2023
USD ($)
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| Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] |
Secured Overnight Financing Rate (SOFR) [Member]
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Secured Overnight Financing Rate (SOFR) [Member]
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Secured Overnight Financing Rate (SOFR) [Member]
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Secured Overnight Financing Rate (SOFR) [Member]
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Secured Overnight Financing Rate (SOFR) [Member]
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Secured Overnight Financing Rate (SOFR) [Member]
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Secured Overnight Financing Rate (SOFR) [Member]
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Secured Overnight Financing Rate (SOFR) [Member]
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Secured Overnight Financing Rate (SOFR) [Member]
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Secured Overnight Financing Rate (SOFR) [Member]
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| Long-Term Debt |
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$ 103,681,591
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$ 103,681,591
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| Cash Deposits |
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5,356,922
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5,356,922
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$ 5,197,268
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| Interest Expense, Operating and Nonoperating |
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$ 6,549,276
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$ 7,692,208
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$ 6,277,704
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| Kamsarmax One Shipping Ltd. and Ultra One Shipping Ltd. [Member] |
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| Long-Term Debt |
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$ 19,200,000
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| Eirini Shipping Ltd [Member] |
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| Long-Term Debt |
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$ 3,300,000
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| Light Shipping Ltd. and Good Heart Shipping Ltd. [Member] |
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| Long-Term Debt |
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$ 12,800,000
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| Hamburg Commercial Bank AG [Member] | Term Loan [Member] |
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| Debt Instrument, Face Amount |
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$ 14,000,000
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| Debt Instrument, Number of Periodic Payments |
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16
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| Debt Instrument, Periodic Payment |
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$ 240,000
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| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
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$ 10,160,000
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| Debt Instrument, Basis Spread on Variable Rate |
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2.50%
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| Debt Instrument, Covenant, Security Cover Ratio |
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125.00%
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| Payments of Debt Issuance Costs |
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$ 126,000
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| Eurobank S.A. [Member] | Refinance Indebtedness of M/V Xenia and M/V Alexandros P 2024 [Member] |
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| Debt Instrument, Face Amount |
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30,000,000
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| Debt Instrument, Periodic Payment |
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625,000
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| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
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$ 15,000,000
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| Debt Instrument, Covenant, Security Cover Ratio |
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120.00%
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| Payments of Debt Issuance Costs |
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$ 175,000
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| Debt Instrument, Number of Consecutive Quarterly Installments |
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24
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| Eurobank S.A. [Member] | Refinance Indebtedness of M/V Xenia and M/V Alexandros P 2024 [Member] | Portion of Loan Equivalent to Aggregate Deposits [Member] |
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| Debt Instrument, Basis Spread on Variable Rate |
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0.65%
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| Eurobank S.A. [Member] | Refinance Indebtedness of M/V Xenia and M/V Alexandros P 2024 [Member] | Remaining Part of Loan Outstanding [Member] |
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| Debt Instrument, Basis Spread on Variable Rate |
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1.90%
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| Eurobank S.A. [Member] | Acquisition of M/V Yannis Pittas [Member] |
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| Debt Instrument, Face Amount |
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$ 10,500,000
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| Debt Instrument, Periodic Payment |
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250,000
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| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
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$ 4,500,000
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| Debt Instrument, Number of Consecutive Quarterly Installments |
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24
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| Repayments of Debt |
$ 8,500,000
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| Eurobank S.A. [Member] | Acquisition of M/V Yannis Pittas [Member] | Portion of Loan Equivalent to Aggregate Deposits [Member] |
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| Debt Instrument, Basis Spread on Variable Rate |
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1.00%
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| Eurobank S.A. [Member] | Acquisition of M/V Yannis Pittas [Member] | Remaining Part of Loan Outstanding [Member] |
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| Debt Instrument, Basis Spread on Variable Rate |
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2.00%
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| Eurobank S.A. [Member] | Yannis Navigation and Troboni Shipping Loan [Member] |
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| Debt Instrument, Face Amount |
$ 39,500,000
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| Debt Instrument, Covenant, Security Cover Ratio |
120.00%
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| Eurobank S.A. [Member] | Yannis Navigation and Troboni Shipping Loan [Member] | Portion of Loan Equivalent to Aggregate Deposits [Member] |
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| Debt Instrument, Basis Spread on Variable Rate |
0.50%
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| Eurobank S.A. [Member] | Yannis Navigation and Troboni Shipping Loan [Member] | Remaining Part of Loan Outstanding [Member] | Maximum [Member] |
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| Debt Instrument, Basis Spread on Variable Rate |
1.65%
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| Eurobank S.A. [Member] | Yannis Navigation and Troboni Shipping Loan [Member] | Remaining Part of Loan Outstanding [Member] | Minimum [Member] |
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| Debt Instrument, Basis Spread on Variable Rate |
1.60%
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| Eurobank S.A. [Member] | Yannis Navigation and Troboni Shipping Loan, Tranche A [Member] |
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| Debt Instrument, Number of Periodic Payments |
28
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| Debt Instrument, Periodic Payment |
$ 250,000
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| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
6,500,000
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| Payments of Debt Issuance Costs |
108,000
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| Proceeds from Issuance of Debt |
$ 13,500,000
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| Eurobank S.A. [Member] | Yannis Navigation and Troboni Shipping Loan, Tranche B [Member] |
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| Debt Instrument, Number of Periodic Payments |
32
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| Debt Instrument, Periodic Payment |
$ 325,000
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| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
15,600,000
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| Proceeds from Issuance of Debt |
$ 26,000,000
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| Eurobank S.A. [Member] | Acquisition of M/V Christos K and M/V Maria [Member] |
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| Debt Instrument, Face Amount |
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$ 22,000,000
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| Debt Instrument, Number of Periodic Payments |
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24
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| Debt Instrument, Periodic Payment |
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$ 500,000
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| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
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$ 10,000,000
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| Debt Instrument, Covenant, Security Cover Ratio |
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120.00%
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| Payments of Debt Issuance Costs |
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$ 165,000
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| Eurobank S.A. [Member] | Acquisition of M/V Christos K and M/V Maria [Member] | Portion of Loan Equivalent to Aggregate Deposits [Member] |
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| Debt Instrument, Basis Spread on Variable Rate |
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1.00%
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| Eurobank S.A. [Member] | Acquisition of M/V Christos K and M/V Maria [Member] | Remaining Part of Loan Outstanding [Member] |
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| Debt Instrument, Basis Spread on Variable Rate |
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2.10%
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| Sinopac Capital International (HK) Limited [Member] | Refinance Indebtedness of M/V "Eirini" and for Working Capital [Member] |
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| Debt Instrument, Face Amount |
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5,000,000
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| Debt Instrument, Periodic Payment |
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210,000
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| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
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$ 800,000
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| Debt Instrument, Basis Spread on Variable Rate |
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3.60%
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| Debt Instrument, Number of Consecutive Quarterly Installments |
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20
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| Proceeds from Issuance of Long-Term Debt |
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$ 5,000,000
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| Repayments of Debt |
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$ 1,220,000
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| NBG [Member] | Refinance M/V Starlight and M/V Good Heart [Member] |
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| Debt Instrument, Face Amount |
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18,000,000
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| Debt Instrument, Periodic Payment |
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450,000
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| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
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$ 9,000,000
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| Debt Instrument, Basis Spread on Variable Rate |
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0.02%
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| Debt Instrument, Covenant, Security Cover Ratio |
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125.00%
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| Payments of Debt Issuance Costs |
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$ 180,000
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| Debt Instrument, Number of Consecutive Quarterly Installments |
|
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20
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| Piraeus Bank S.A. [Member] | Finance Acquisition of M/V Blessed Luck [Member] |
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| Debt Instrument, Covenant, Security Cover Ratio |
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125.00%
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| Debt Instrument, Number of Consecutive Quarterly Installments |
|
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12
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| Proceeds from Issuance of Debt |
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$ 8,000,000
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| Piraeus Bank S.A. [Member] | Finance Acquisition of M/V Blessed Luck [Member] | Debt Instrument, Redemption, Period One [Member] |
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| Debt Instrument, Periodic Payment |
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$ 750,000
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| Debt Instrument, Number of Consecutive Quarterly Installments |
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4
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| Piraeus Bank S.A. [Member] | Finance Acquisition of M/V Blessed Luck [Member] | Debt Instrument, Redemption, Period Two [Member] |
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| Debt Instrument, Periodic Payment |
|
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|
$ 250,000
|
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| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
|
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|
|
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|
$ 3,000,000
|
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| Debt Instrument, Number of Consecutive Quarterly Installments |
|
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|
|
|
|
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|
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|
8
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| Piraeus Bank S.A. [Member] | Finance Acquisition of M/V Blessed Luck [Member] | Portion of Loan Equivalent to Aggregate Deposits [Member] |
|
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|
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| Debt Instrument, Basis Spread on Variable Rate |
|
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|
|
|
|
|
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|
0.90%
|
|
|
|
|
|
| Piraeus Bank S.A. [Member] | Finance Acquisition of M/V Blessed Luck [Member] | Remaining Part of Loan Outstanding [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
|
|
|
|
|
|
|
|
|
2.70%
|
|
|
|
|
|
| Piraeus Bank S.A. [Member] | Blessed Luck Supplemental Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
|
|
$ 222,500
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
|
|
|
|
|
$ 1,247,500
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments of Debt Issuance Costs |
|
|
|
|
|
$ 3,250,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Number of Consecutive Quarterly Installments |
|
|
|
|
|
9
|
|
|
|
|
|
|
|
|
|
|
|
|
| Piraeus Bank S.A. [Member] | Finance Part of M/V Molyvos Luck and M/V Santa Cruz [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Covenant, Security Cover Ratio |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
125.00%
|
|
| Debt Instrument, Number of Consecutive Quarterly Installments |
|
|
|
|
|
|
|
|
|
|
|
20
|
|
|
|
|
|
|
| Proceeds from Issuance of Debt |
|
|
|
|
|
|
|
|
|
|
|
$ 20,000,000
|
|
|
|
|
|
|
| Piraeus Bank S.A. [Member] | Finance Part of M/V Molyvos Luck and M/V Santa Cruz [Member] | Debt Instrument, Redemption, Period One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
|
|
|
|
|
|
|
|
$ 975,000
|
|
|
|
|
|
|
| Debt Instrument, Number of Consecutive Quarterly Installments |
|
|
|
|
|
|
|
|
|
|
|
4
|
|
|
|
|
|
|
| Piraeus Bank S.A. [Member] | Finance Part of M/V Molyvos Luck and M/V Santa Cruz [Member] | Debt Instrument, Redemption, Period Two [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 525,000
|
|
| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
|
|
|
|
|
|
|
|
|
|
|
$ 7,700,000
|
|
|
|
|
|
|
| Debt Instrument, Number of Consecutive Quarterly Installments |
|
|
|
|
|
|
|
|
|
|
|
16
|
|
|
|
|
|
|
| Piraeus Bank S.A. [Member] | Finance Part of M/V Molyvos Luck and M/V Santa Cruz [Member] | Portion of Loan Equivalent to Aggregate Deposits [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
|
|
|
|
|
|
|
|
0.90%
|
|
|
|
|
|
|
| Piraeus Bank S.A. [Member] | Finance Part of M/V Molyvos Luck and M/V Santa Cruz [Member] | Remaining Part of Loan Outstanding [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
|
|
|
|
|
|
|
|
2.25%
|
|
|
|
|
|
|
| Piraeus Bank S.A. [Member] | Molyvos Luck and Santa Cruz Supplemental Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
$ 15,050,000
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
|
|
|
525,000
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
|
|
|
|
|
|
$ 6,650,000
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Number of Consecutive Quarterly Installments |
|
|
|
|
|
|
16
|
|
|
|
|
|
|
|
|
|
|
|
| Piraeus Bank S.A. [Member] | Molyvos Luck and Santa Cruz Supplemental Agreement [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
| Piraeus Bank S.A. [Member] | Molyvos Luck and Santa Cruz Supplemental Agreement [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
|
|
|
1.90%
|
|
|
|
|
|
|
|
|
|
|
|
| CrediaBank SA [Member] | Aristeidis Shipping Loan to Finance Hull No XY164 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
$ 26,924,320
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Number of Periodic Payments |
|
28
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
$ 300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
|
$ 18,524,320
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Covenant, Security Cover Ratio |
|
125.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from Issuance of Debt |
|
$ 3,591,591
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CrediaBank SA [Member] | Aristeidis Shipping Loan to Finance Hull No XY164 [Member] | Portion of Loan Equivalent to Aggregate Deposits [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
0.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CrediaBank SA [Member] | Aristeidis Shipping Loan to Finance Hull No XY164 [Member] | Remaining Part of Loan Outstanding [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
1.65%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CrediaBank SA [Member] | Aristeidis Shipping Loan to Finance Hull No XY164 [Member] | Remaining Part of Loan Outstanding [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
1.60%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CrediaBank SA [Member] | Aristeidis Shipping Ltd [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments of Debt Issuance Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 28,733
|
|
|
|