Financial Instruments and Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 2026

Financial Instruments and Fair Value Disclosures [Abstract]

The fair value of the Company’s investment in debt securities at June 30, 2026 is as follows:

	Carrying amount		Fair value
Held to maturity debt securities	$	2,753,103	$	2,771,970
Trading debt securities		558,752		558,752
Total	$	3,311,855	$	3,330,722

Derivative Contracts Measured on Recurring Basis

The Company enters into forward and options agreements to hedge against foreign currency risks. Furthermore, the Company entered into interest rate swaps to mitigate the interest rate risk arising from variable interest rates on long-term debt. As of December 31, 2025 and June 30, 2026, derivatives can be analyzed as follows:

		Period ended June 30, 2026
		Derivatives assets						Derivatives liabilities
	Location	Fair value			Nominal value			Fair value			Nominal value
Hedge accounting
Foreign exchange forwards & options	Current		$	—		$	—		$	83,669		$	5,825,450
Economic hedging
Foreign exchange forwards & options	Current			466,748			14,257,402			529,202			20,182,352
Interest rate swaps	Non-current assets			572,093			11,779,089			—			—
Total			$	1,038,841		$	26,036,491		$	612,871		$	26,007,802

		Year ended December 31, 2025
		Derivatives assets						Derivatives liabilities
	Location	Fair value			Nominal value			Fair value			Nominal value
Hedge accounting
Foreign exchange forwards & options	Current		$	235,260		$	8,214,496		$	—		$	—
Economic hedging
Foreign exchange forwards & options	Current			310,370			16,815,826			185,327			5,264,389
Interest rate swaps	Non-current assets			710,802			12,147,018			—			—
Total			$	1,256,432		$	37,177,340		$	185,327		$	5,264,389

Realized and Unrealized Gains and Losses

All of the derivative assets and liabilities are measured at fair value classified in Level 2 within the fair value hierarchy. Economic hedging refers to the use of derivatives to mitigate risk without applying hedge accounting. The amount reported in accumulated other comprehensive income at the reporting date will be reclassified into earnings within the next 12 months. During the six months ended June 30, 2025 and 2026, the following realized and unrealized gains and losses were recognized:

Realized and unrealized gains and losses	Period ended June 30, 2025		Period ended June 30, 2026
Realized gains and losses	$	144,766	$	168,834
Foreign exchange forwards & options		144,766		168,834
Unrealized gains and losses		44,584		51,253
Foreign exchange forwards & options		29,901		34,494
Interest rate swaps		14,682		16,759
Total gain/(loss)	$	189,350	$	220,087