v3.26.3
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
REVENUES:    
Revenues (including $4,435 and $5,430 respectively, from related parties) $ 25,475 $ 43,811
EXPENSES:    
Voyage expenses (including $549 and $330 respectively, to related party) 897 1,036
Operating lease expenses 0 5,378
Other vessel operating expenses 6,008 10,057
Vessel depreciation (Note 4) 5,051 6,870
Management fees-related parties (Note 5) 803 1,204
Dry-docking costs 330 0
General and administrative expenses (including $180 and $180 respectively, to related party) 769 1,024
Operating income 11,617 18,242
OTHER INCOME (EXPENSES):    
Interest and finance costs (5,739) (9,992)
Interest income 74 60
Equity (losses)/gains in unconsolidated joint ventures 532 (747)
Total other expenses, net (5,133) (10,679)
Net income 6,484 7,563
Less: Preferred shares dividend (Note 13) (529) 0
Less: Deemed dividend equivalents on preferred shares related to redemption value (Note 13) (2,100) 0
Net income attributable to common shareholders $ 3,855 $ 7,563
Earnings per common share, basic (Note 10) (in dollars per share) $ 0.68 $ 1.63
Earnings per common share, diluted (Note 10) (in dollars per share) $ 0.61 $ 1.63
Weighted average common shares outstanding, basic (Note 10) (in shares) 5,708,877 4,626,197
Weighted average common shares outstanding, diluted (Note 10) (in shares) 10,712,777 4,626,197
Comprehensive Income:    
Net income $ 6,484 $ 7,563
Change in foreign currency translation adjustments (928) 776
Total Comprehensive Income 5,556 8,339
Related Party [Member]    
REVENUES:    
Revenues (including $4,435 and $5,430 respectively, from related parties) 5,430 4,435
EXPENSES:    
Voyage expenses (including $549 and $330 respectively, to related party) 330 549
General and administrative expenses (including $180 and $180 respectively, to related party) $ 180 $ 180