| Vessel Revenues |
The following table includes the vessel revenues earned by the Company by type of contract (time charters and pool agreements) in each of the six months ended June 30,
2025, and 2026, as presented in the accompanying unaudited interim condensed consolidated statements of comprehensive income:
|
|
|
Six months ended
June 30,
|
|
|
Six months ended
June 30,
|
|
|
|
|
2025
|
|
|
2026
|
|
|
Time charter revenues
|
|
$
|
20,213,839
|
|
|
$
|
24,340,327
|
|
|
Pool revenues
|
|
|
1,268,428
|
|
|
|
2,503,224
|
|
|
Total Vessel revenues
|
|
$
|
21,482,267
|
|
|
$
|
26,843,551
|
|
The following table represents a disaggregation of revenue from contracts with customers by type of service:
|
|
|
Six months ended
June 30, 2025
|
|
|
Six months ended
June 30, 2026
|
|
|
Ship Management
|
|
$
|
7,718,334
|
|
|
$
|
10,196,740 |
|
|
Management Services
|
|
|
4,044,698
|
|
|
|
3,937,338 |
|
|
Transaction Services
|
|
|
3,351,292
|
|
|
|
4,278,071 |
|
|
Other Revenue
|
|
|
1,689,221
|
|
|
|
1,569,686 |
|
|
Total Revenue from services
|
|
$
|
16,803,545
|
|
|
$
|
19,981,835 |
|
|
| Geographical Disaggregation of Revenue |
The following table represents a geographical disaggregation of revenue from services:
|
|
|
Six months ended
June 30, 2025
|
|
|
Six months ended
June 30, 2026
|
|
|
Germany
|
|
$
|
12,574,925
|
|
|
$ |
15,942,437 |
|
|
The Netherlands
|
|
|
1,056,963
|
|
|
|
848,151 |
|
|
China (Hong Kong)
|
|
|
2,046,150
|
|
|
|
2,251,055 |
|
|
Singapore
|
|
|
497,223
|
|
|
|
526,735 |
|
|
Panama
|
|
|
592,486
|
|
|
|
413,457 |
|
|
Colombia
|
|
|
35,798
|
|
|
|
— |
|
|
Total revenue from services
|
|
$
|
16,803,545
|
|
|
$ |
19,981,835 |
|
|