Unearned Revenue/Accrued Revenue

12 Months Ended

Dec. 31, 2025

Revenue Recognition and Deferred Revenue [Abstract]

Unearned Revenue/Accrued Revenue

Unearned Revenue/Accrued Revenue

Unearned Revenue represents cash received in advance of it being earned, whereas Accrued Revenue represents revenue earned prior to cash being received. Revenue is recognized as earned on a straight-line basis at their average rates when charter agreements provide for varying annual charter rates over their term. Total Unearned Revenue/Accrued Revenue during the periods presented is as follows:

	December 31,
	2024		2025
Unearned Revenue
Cash received in advance of service provided – Current liability	$	3,898	$	3,777
Deferred revenue resulting from varying charter rates – Current liability	2,640		1,447
Deferred revenue resulting from varying charter rates – Non-Current liability	2,624		2,313
Total Unearned Revenue	$	9,162	$	7,537
Accrued Revenue
Resulting from varying charter rates – Current asset	$	903	$	615
Total Accrued Revenue	$	903	$	615