XML 124 R30.htm IDEA: XBRL DOCUMENT v3.24.1
Transactions with Related Parties (Tables) - Related Party [Member]
12 Months Ended
Dec. 31, 2023
Central Mare [Member]  
Transactions with Related Parties [Abstract]  
Fees and Expenses

The fees charged by and expenses relating to Central Mare for the years ended December 31, 2021, 2022 and 2023 are as follows:


   

Year Ended December 31,

   
   

2021

 


   2022  


   2023  

Presented in:

Executive officers and other personnel expenses

    360
      360
      360
 

General and administrative expenses – Statement of comprehensive income

Amortization of awarded shares*

    (34
)
    (16
)
    -

Management fees – related parties – Statement of comprehensive income

Total

    326
      344
      360
   

*
As per the Company’s equity incentive plan, or the 2015 plan (null and void since due to the reverse stock splits of the Company’s stock the shares left to be vested are zero), the Company incurred an amortization gain of  $34, $16 and $0 relating to the amortization of the original fair value of the equity incentive plan recognized at inception, for each of the years ended December 31, 2021, 2022 and 2023 respectively. The Company’s equity incentive plan ended on June 30, 2022.
Central Shipping Inc [Member]  
Transactions with Related Parties [Abstract]  
Fees and Expenses

The fees charged by and expenses relating to CSI for the years ended December 31, 2021, 2022 and 2023 are as follows:

 

   
Year Ended December 31,
   
   

2021

   

2022

   

2023

 

Presented in:

Management fees

 
199
      61
      -
 

Capitalized in Vessels, net – Balance sheet

      1,477
      1,749
      1,840
 

Management fees – related parties –Statement of comprehensive income

Supervision services fees

    79
      14
      -
 

Capitalized in Vessels, net – Balance sheet

Superintendent fees

    17
      37
      42
 

Vessel operating expenses –Statement of comprehensive income

      255
      129
      -
 

Capitalized in Vessels, net – Balance sheet

Accounting and reporting cost

    360
      360
      360
 

Management fees – related parties –Statement of comprehensive income

Commission for sale and purchase of vessels

    793
      -
      -  

Management fees – related parties –Statement of comprehensive income

      -
      730
      -
 

Gain from vessel sales –Statement of comprehensive income

      264
      -
      -  

Impairment on vessels – Statement of comprehensive income

Newbuilding vessels monitoring fee

    1,365
      455
      -
  Capitalized in Vessels, net – Balance sheet

Financing fees

    150
      312
      164
 

Net in Current and Non-current portions of long-term debt – Balance sheet

Commission on charter hire agreements

    705
      1,008
      1,037
 

Voyage expenses - Statement of comprehensive income

Total

    5,664
      4,855
      3,443