| Basic and Diluted Earnings per Common Share |
The components of the calculation of basic and diluted earnings per common share in each of the periods comprising
the accompanying unaudited interim condensed consolidated statements of comprehensive income are as follows:
| |
|
Six months ended
June 30,
|
|
|
Six months ended
June 30,
|
|
| |
|
2025
|
|
|
2026
|
|
|
Net income and comprehensive income (1)
|
|
$
|
433,783
|
|
|
$
|
6,099,699
|
|
|
Dividend on Series A Preferred Shares
|
|
|
(106,944
|
)
|
|
|
(250,000
|
)
|
|
Net income attributable to common shareholders, basic
|
|
$
|
326,839
|
|
|
$
|
5,849,699
|
|
|
Dividend on Series A Preferred Shares
|
|
|
106,944
|
|
|
|
250,000
|
|
|
Net income attributable to common shareholders, diluted
|
|
$
|
433,783
|
|
|
$
|
6,099,699
|
|
| |
|
|
|
|
|
|
|
|
|
Weighted average number of common shares outstanding, basic
|
|
|
34,710
|
|
|
|
415,863
|
|
|
Effect of dilutive shares
|
|
|
181,831
|
|
|
|
1,459,232
|
|
|
Weighted average number of common shares outstanding, diluted
|
|
|
216,541
|
|
|
|
1,875,095
|
|
|
Earnings per common share, basic
|
|
$
|
9.42
|
|
|
$
|
14.07
|
|
|
Earnings per common share, diluted
|
|
$
|
2.00
|
|
|
$
|
3.25
|
|
|
(1)
|
For
the six months ended June 30, 2026, “Gain on sale of vessel” amounting to $6,206,743 is included in the accompanying
unaudited interim condensed consolidated statements of comprehensive income.
|
|