Vessels (Tables)

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Schedule of vessel and vessel improvements

The Vessels and vessel improvements activity for the six months ended June 30, 2021 is below:

Vessels and vessel improvements, at December 31, 2020	$	810,713,959
Purchase of vessels and vessel improvements	79,231,949
Advances paid for vessel purchases as of December 31, 2020	3,250,000
Fair value of warrants issued as consideration for vessels purchase	8,375,298
Vessel held for sale	(4,885,998)
Scrubbers and BWTS	802,369
Depreciation expense	(21,398,926)
Vessels and vessel improvements, at June 30, 2021	$	876,088,651