| Balances with Related Parties |
As of December 31, 2025, and June 30, 2026, balances with
related parties consisted of the following:
|
|
|
December 31,
2025
|
|
|
June 30,
2026
|
|
|
Assets:
|
|
|
|
|
|
|
|
Due from Castor Ships (a) – current
|
|
$ |
10,682,592
|
|
|
$ |
6,814,125
|
|
|
Due from Castor Ships (a) – non-current
|
|
|
2,893,839
|
|
|
|
2,893,839
|
|
|
Investment in Toro (c) – non-current
|
|
|
117,521,579
|
|
|
|
117,521,579
|
|
|
Due from related parties (MPC Capital) (f) - current
|
|
|
2,472,917
|
|
|
|
3,124,722
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
Due to Toro (d) – current
|
|
|
1,069,444
|
|
|
|
1,069,444
|
|
|
Due to related parties (MPC Capital) (f) - current
|
|
$ |
37,162
|
|
|
$ |
418,258
|
|
|
| Revenues from Services with Related Parties |
|
Revenue from services with related parties
|
|
Six months
ended
June 30, 2025
|
|
|
Six months
ended
June 30, 2026
|
|
|
MPC Container Ships ASA
|
|
$
|
4,203,908
|
|
|
$ |
5,954,525 |
|
Wilhelmsen
Ahrenkiel Ship Management GmbH & Co. KG
|
|
|
— |
|
|
|
420,596 |
|
MPC Energy Solutions N.V.
|
|
|
353,742 |
|
|
|
335,690 |
|
MPC
Caribbean Clean Energy Limited
|
|
|
450,060 |
|
|
|
375,564 |
|
Other
|
|
|
271,312 |
|
|
|
114,253 |
|
|
Total
|
|
$
|
5,279,022
|
|
|
$ |
7,200,628 |
|
|