v3.26.3
Deferred Charges, net
6 Months Ended
Jun. 30, 2026
Deferred Charges, net [Abstract]  
Deferred Charges, net
4.
Deferred Charges, net:

The movement in deferred dry-docking costs, net in the accompanying unaudited condensed consolidated balance sheets is as follows:

 
 
Dry-docking costs
 
Balance December 31, 2025
 
$
6,066,454
 
Additions
   
3,646,802
 
Amortization
   
(1,124,403
)
Balance June 30, 2026
 
$
8,588,853
 

During the six months ended June 30, 2026, two of the Company’s dry bulk carrier vessels (the M/V Magic Pluto and M/V Magic Thunder) concluded scheduled dry-docking repairs.