v3.26.3
Unaudited interim condensed consolidated statements of comprehensive income - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]    
Total revenues $ 148,786,861 $ 68,440,445
Expenses/(income)    
Voyage expenses 33,065,678 20,326,079
Voyage expenses – related party (Note 3) 1,785,657 834,616
Vessels' operating expenses 25,267,523 15,319,448
Vessels' operating expenses – related party (Note 3) 335,000 207,500
Drydocking costs 8,959,177 1,692,033
Management fees – related party (Note 3) 1,627,120 1,036,200
General and administrative expenses (including $256,241 and $262,797 to related parties, respectively) (Note 3) 2,152,123 2,282,941
Depreciation (Note 4) 16,125,505 10,749,128
Other operating income (Note 10) (430,324) 0
Total expenses, net 88,887,459 52,447,945
Income from operations 59,899,402 15,992,500
Other (expenses) / income    
Interest and finance costs (8,618) (6,722)
Interest expense – related parties (583,529) (1,437,750)
Interest income 3,921,937 4,458,564
Dividend income from related party (Note 3) 377,083 377,083
Foreign exchange gain/(loss) (826,488) 4,666,745
Other income, net 2,880,385 8,057,920
Net income $ 62,779,787 $ 24,050,420