v3.26.3
Unaudited interim condensed consolidated statements of stockholders' equity - USD ($)
Total
Common Stock [Member]
Treasury Stock, Common [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
(Accumulated Deficit)/ Retained Earnings [Member]
Series A Preferred Stock [Member]
Series A Preferred Stock [Member]
(Accumulated Deficit)/ Retained Earnings [Member]
Beginning balance, Shares at Dec. 31, 2024   38,275,518   811,878        
Beginning balance, Shares at Dec. 31, 2024     (4,251,883)          
Beginning balance at Dec. 31, 2024 $ 420,667,668 $ 382,755 $ (8,390,225) $ 8,119 $ 282,642,357 $ 146,024,662    
Issuance of restricted shares and stock-based compensation 1,560,719 $ 3,891     1,556,828      
Issuance of restricted shares and stock-based compensation, Shares   389,100            
Dividends declared on Series A preferred shares             $ (870,492) $ (870,492)
Net Income 24,050,420         24,050,420    
Ending balance at Jun. 30, 2025 $ 445,408,315 $ 386,646 $ (8,390,225) $ 8,119 284,199,185 169,204,590    
Ending balance, Shares at Jun. 30, 2025   38,664,618   811,878        
Ending balance, Shares at Jun. 30, 2025     (4,251,883)          
Beginning balance, Shares at Dec. 31, 2025   48,900,620   811,878        
Beginning balance, Shares at Dec. 31, 2025 4,251,883   (4,251,883)          
Beginning balance at Dec. 31, 2025 $ 530,814,097 $ 489,006 $ (8,390,225) $ 8,119 344,445,271 194,261,926    
Issuance of common stock   $ 11,000     (11,000)      
Issuance of common stock, Shares   1,100,000            
Stock repurchases (Note 6) (10,630,491)   $ (10,630,491)          
Stock repurchases (Note 6), Shares     (1,713,469)          
Non-cash consideration – vessel acquisition (Note 3) 3,580,000       3,580,000      
Issuance of restricted shares and stock-based compensation 1,101,156 $ 4,400     1,096,756      
Issuance of restricted shares and stock-based compensation, Shares   440,000            
Dividends declared on Series A preferred shares             $ (870,492) $ (870,492)
Net Income 62,779,787         62,779,787    
Ending balance at Jun. 30, 2026 $ 586,774,057 $ 504,406 $ (19,020,716) $ 8,119 $ 349,111,027 $ 256,171,221    
Ending balance, Shares at Jun. 30, 2026   50,440,620   811,878        
Ending balance, Shares at Jun. 30, 2026 5,965,352   (5,965,352)