v3.26.3
Earnings Per Common Share (Details) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Earnings Per Common Share [Abstract]    
Net income [1] $ 6,099,699 $ 433,783
Comprehensive income [1] 6,099,699 433,783
Dividend on Series A Preferred Shares (250,000) (106,944)
Net income attributable to common shareholders, basic 5,849,699 326,839
Dividend on Series A Preferred Shares 250,000 106,944
Net income attributable to common shareholders, diluted $ 6,099,699 $ 433,783
Weighted average number of common shares outstanding, basic (in shares) 415,863 34,710
Effect of dilutive shares (in shares) 1,459,232 181,831
Weighted average number of common shares outstanding, diluted (in shares) 1,875,095 216,541
Earnings per common share, basic (in dollars per share) $ 14.07 $ 9.42
Earnings per common share, diluted (in dollars per share) $ 3.25 $ 2
Gain on sale of vessel $ 6,206,743 $ 0
[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.