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UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
REVENUES:    
Total revenues $ 42,066 $ 41,145
EXPENSES:    
Voyage expenses (including $514 and $508, respectively, to related party) 1,163 804
Operating lease expenses 5,406 5,378
Other vessel operating expenses 9,451 9,624
Vessel depreciation 6,673 7,175
Management fees-related parties (Note 5) 1,128 1,092
Dry-docking costs (including $- and $574, respectively, to related party) 3,153 0
General and administrative expenses 810 799
Operating income 14,282 16,273
OTHER INCOME (EXPENSES):    
Interest and finance costs (12,728) (10,528)
Interest income 381 58
Equity (losses)/gains in unconsolidated joint ventures 4 (29)
Total other expenses, net (12,343) (10,499)
Net income 1,939 5,774
Comprehensive income 1,939 5,774
Less: Dividends of preferred shares (Note 5) 0 (3,485)
Net income attributable to common shareholders 1,939 2,289
Comprehensive income attributable to common shareholders $ 1,939 $ 2,289
(Loss)/Earnings per common share, basic (in dollars per share) $ 0.42 $ 1.54
(Loss)/Earnings per common share, diluted (in dollars per share) $ 0.42 $ 1.19
Weighted average common shares outstanding, basic (in shares) 4,626,197 1,482,756
Weighted average common shares outstanding, diluted (in shares) 4,626,197 2,756,619
Nonrelated Party [Member]    
REVENUES:    
Time charter revenues $ 37,607 $ 36,710
Related Party [Member]    
REVENUES:    
Time charter revenues 4,459 4,435
EXPENSES:    
Voyage expenses (including $514 and $508, respectively, to related party) 508 514
Dry-docking costs (including $- and $574, respectively, to related party) $ 74 $ 0