Location in unaudited interim
condensed consolidated statement of
comprehensive income

Six-month period
ended June 30, 2025

Six-month period
ended June 30, 2026

Management fees

Management fees – related party

318,560

357,720

Brokerage commissions

Voyage expenses – related party

237,802

428,948

Superintendent fees

Vessels’ operating expenses – related party

6,500

15,500

Crew management fees

Vessels’ operating expenses – related party

60,000

67,500

Executive compensation

General and administrative expenses – related party

237,243

262,310

Rental expense

General and administrative expenses – related party

33,002

24,751

Commission – vessel purchased

Vessels, net

—

229,000

Interest expense

Interest and finance costs – related parties

365,935

241,411