Consolidated statements of comprehensive income - USD ($) |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Income Statement [Abstract] | ||||||
| Total revenues | $ 161,004,306 | $ 147,479,980 | $ 183,725,820 | |||
| Expenses / (income) | ||||||
| Voyage expenses | 47,426,686 | 50,168,529 | 60,276,962 | |||
| Voyage expenses – related party | 1,973,331 | 1,856,361 | 2,253,979 | |||
| Vessels' operating expenses | 37,198,535 | 26,044,734 | 25,295,851 | |||
| Vessels' operating expenses – related party | 523,000 | 328,000 | 346,583 | |||
| Dry-docking costs | 1,744,525 | 1,691,361 | 6,551,534 | |||
| Management fees – related party | 2,574,440 | 1,672,440 | 1,606,440 | |||
| General and administrative expenses (including $465,176, $490,054 and $490,782 to related party) | 4,615,373 | 4,894,070 | 4,934,468 | |||
| Depreciation | 25,930,557 | 16,991,900 | 15,629,116 | |||
| Other operating income | (885,443) | (1,900,000) | 0 | |||
| Impairment loss | 0 | 0 | 8,996,023 | |||
| Net gain on sale of vessel – related party | 0 | 0 | (8,182,777) | |||
| Net loss on sale of vessel | 0 | 1,589,702 | 0 | |||
| Total expenses, net | 121,101,004 | 103,337,097 | 117,708,179 | |||
| Income from operations | 39,903,302 | 44,142,883 | 66,017,641 | |||
| Other (expenses) / income | ||||||
| Interest and finance costs | (12,906) | (16,269) | (1,821,908) | |||
| Interest expense – related party | (2,311,041) | (382,051) | 0 | |||
| Interest income | 7,258,348 | 6,668,877 | 4,470,396 | |||
| Interest income – related party | 0 | 1,636,640 | 1,363,360 | |||
| Dividend income from related party | 760,417 | 762,500 | 404,167 | |||
| Foreign exchange gain / (loss) | 4,380,127 | (2,654,808) | 700,346 | |||
| Other income, net | 10,074,945 | 6,014,889 | 5,116,361 | |||
| Net income | $ 49,978,247 | $ 50,157,772 | $ 71,134,002 | [1] | ||
| Earnings per share attributable to common shareholders — basic | $ 1.35 | $ 1.54 | $ 3.22 | |||
| Earnings per share attributable to common shareholders — diluted | $ 1.29 | $ 1.4 | $ 2.93 | |||
| Weighted average number of shares, basic | 34,499,909 | 29,933,920 | 18,601,539 | |||
| Weighted average number of shares, diluted | 36,230,221 | 33,010,419 | 22,933,671 | |||
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- Definition Dividend income related party. No definition available.
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- Definition Amount of gain on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. No definition available.
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- Definition Interest and finance costs. No definition available.
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- Definition Management fees related party. No definition available.
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- Definition Other cost and expense operating related party. No definition available.
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- Definition Revenue and other operating income. No definition available.
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- Definition Voyage expenses. No definition available.
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- Definition Voyage expenses related party. No definition available.
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- Definition Cost of maintenance incurred and directly related to good produced and service rendered. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense for allocation of cost of tangible asset over its useful life directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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