v3.26.3
Condensed Consolidated Statements of Comprehensive Income - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Revenues    
Revenues $ 35,620,403 $ 19,408,005
Total revenues 35,620,403 19,408,005
Expenses    
Voyage expenses 7,761,638 7,343,749
Voyage expenses – related party 428,948 237,802
Vessels' operating expenses 5,646,541 4,489,982
Vessels' operating expenses – related party 83,000 66,500
Drydocking costs 1,304,121 78,701
Management fees – related party 357,720 318,560
General and administrative expenses 1,033,817 1,059,681
General and administrative expenses – related party 287,061 270,245
Depreciation 3,725,214 3,250,941
Total expenses 20,628,060 17,116,161
Income from operations 14,992,343 2,291,844
Other (expenses)/income    
Interest and finance costs (3,916) (4,192)
Interest and finance costs – related parties (241,411) (365,935)
Interest income 507,578 177,264
Foreign exchange loss (40,525) (18,822)
Gain/(loss) on warrants (2,030,240) 508,232
Other income/(expenses), net (1,808,514) 296,547
Net income $ 13,183,829 $ 2,588,391
Earnings/(loss) per share (Note 9)    
-Basic $ 483.39 $ 2,913.39
-Diluted $ 162.59 $ (127.62)
Weighted average number of shares (Note 9)    
-Basic 15,904 131
-Diluted 81,079 1,112