v3.26.1
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) [Abstract]    
Revenues $ 9,674 $ 11,970
EXPENSES:    
Voyage expenses (including $149 and $129 respectively, to related party) (Note 5) 707 244
Vessel operating expenses (including $- and $19 respectively, to related party) (Note 5) 2,224 2,352
Dry-docking costs 2,633 0
Vessel depreciation (Note 4) 2,089 2,089
Management fees-related parties (Note 5) 423 288
General and administrative expenses 663 253
Operating income 935 6,744
OTHER INCOME (EXPENSES):    
Interest and finance costs (2,159) (2,768)
Interest income 132 0
Total other expenses, net (2,027) (2,768)
Net Income/ (loss) (1,092) 3,976
Less: Deemed dividend equivalents on preferred shares related to redemption value (Note 11) (635) 0
Less: Preferred shares dividend (Note 11) (183) 0
Less: Deemed dividend on warrant inducement (Note 9) (26) 0
Net income/ (loss) attributable to common shareholders $ (1,936) $ 3,976
Earnings/ (loss) per common share, basic (in dollars per share) $ (18.64) $ 76,461.53
Earnings/ (loss) per common share, diluted (in dollars per share) $ (18.64) $ 76,461.53
COMPREHENSIVE INCOME/(LOSS):    
Net Income (loss) $ (1,092) $ 3,976
Change in foreign currency translation adjustments (165) 0
Total Comprehensive Income/ (loss) $ (1,257) $ 3,976