| Discontinued Operations |
The components of assets and liabilities of discontinued operations in the unaudited
condensed consolidated balance sheet at December 31, 2025 and June 30, 2026 consisted of the following:
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December 31,
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June 30,
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2025
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2026
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CURRENT ASSETS:
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Cash and cash equivalents
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$
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3,520
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$
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3,409
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Due from related party, current
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411,496
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5,597
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Prepaid expenses and other assets
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1,143
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3,738
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Total current assets of discontinued operations
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416,159
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12,744
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NON-CURRENT ASSETS:
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Total non-current assets of discontinued operations
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—
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—
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CURRENT LIABILITIES:
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Accounts payable
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1,436
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37
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Accrued liabilities
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1,314,066
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1,314,038
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Total current liabilities of discontinued operations
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1,315,502
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1,314,075
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NON-CURRENT LIABILITIES:
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Total non-current liabilities of discontinued operations
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—
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—
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The components of the income/(loss) from discontinued operations for the six months ended June 30, 2025 and 2026 in the unaudited interim condensed consolidated statements of comprehensive income consisted of the following:
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Six Months Ended
June 30,
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Six Months Ended
June 30,
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2025
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2026
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REVENUES:
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Total vessel revenues
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—
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—
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INCOME/(EXPENSES):
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Voyage expenses (including $0 and $0 to related party for the six months ended June 30, 2025 and 2026, respectively)
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117,732
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—
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Vessel operating expenses
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(12,241
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)
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2,125
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Total income
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105,491
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2,125
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Operating income
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105,491
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2,125
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OTHER INCOME/(EXPENSES):
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Interest and finance costs
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(4,747
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)
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(4,604
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)
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Foreign exchange gains
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22
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—
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Total other expenses, net
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(4,725
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)
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(4,604
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)
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Net income/(loss) and comprehensive income/(loss) from discontinued operations
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$
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100,766
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$
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(2,479
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)
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