v3.26.1
Note 18 - Segment Reporting - Schedule of Segment Reporting Information (Details) - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net revenue $ 52,264,141 $ 61,083,227 $ 47,591,924
Voyage expenses 5,676,737 6,057,692 3,993,031
Vessel operating expenses 24,955,537 25,667,279 20,758,708
Dry-docking expenses 2,807,068 8,549,609 3,404,323
Related party management fees 4,413,766 4,209,166 3,281,361
General and administrative expenses 3,171,053 3,271,195 3,459,943
Interest and other financing costs 6,880,973 7,956,478 6,486,814
Net loss (3,788,856) (13,517,244) (3,282,972)
Vessel Operating Segment [Member]      
Net revenue 52,264,141 61,083,227 47,591,924
Voyage expenses (5,676,737) (6,057,692) (3,993,031)
Vessel operating expenses (24,955,537) (25,667,279) (20,758,708)
Dry-docking expenses (2,807,068) (8,549,609) (3,404,323)
Related party management fees (4,413,766) (4,209,166) (3,281,361)
General and administrative expenses (3,171,053) (3,271,195) (3,459,943)
Interest and other financing costs (6,880,973) (7,956,478) (6,486,814)
Other segment items (1) [1] (8,147,863) (18,889,052) (9,490,716)
Net loss $ (3,788,856) $ (13,517,244) $ (3,282,972)
[1] Other segment items of the segment include Vessel depreciation, Net gain on sale of vessels, Impairment loss, Other operating loss / (income), Gain / (loss) on derivatives, net, Interest income, and Foreign exchange loss.