Vessels (Tables)

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

Schedule of vessel and vessel improvements

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

Vessels and vessel improvements, at December 31, 2020	$	810,713,959
Purchase of vessels and vessel improvements	109,884,516
Advances paid for vessel purchases as of December 31, 2020	3,250,000
Fair value of warrants issued as consideration for vessel purchases	10,679,988
Sale of vessel	(4,885,998)
Scrubbers and BWTS	1,505,004
Depreciation expense	(32,742,401)
Vessels and vessel improvements, at September 30, 2021	$	898,405,068