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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUE:      
Revenue (Note 3) $ 84,172 $ 87,445 $ 108,938
EXPENSES:      
Voyage expenses 5,181 4,237 4,358
Vessel operating expenses 21,605 19,758 21,866
Depreciation and amortization of deferred charges (Note 6) 15,077 13,336 14,793
General and administrative expenses (Notes 4, 8 and 9) 9,702 8,306 8,042
Gain on vessel's sale (Note 6) (19,456) 0 (15,683)
Provision for / (Reversal of) credit losses (Note 3) 27 (7) (37)
Foreign currency losses 100 1 64
Operating income 51,936 41,814 75,535
OTHER INCOME / (EXPENSES)      
Interest and finance costs (Notes 5, 7 and 10) (6,793) (1,345) (9,598)
Loss from debt extinguishment 0 0 (387)
Interest income 4,834 3,255 3,302
Changes in fair value of warrants' liability (Note 9) (4) 6 561
Total other income / (expenses), net (1,963) 1,916 (6,122)
Net income 49,973 43,730 69,413
Income allocated to participating securities (Note 11) 0 0 (2)
Deemed dividend to the Series C preferred stockholders due to triggering of a down-round feature (Notes 9 and 11) 0 0 (9,809)
Deemed dividend to the July and August 2022 warrants' holders due to triggering of a down-round feature (Notes 9 and 11) 0 0 (789)
Dividends on preferred stock (Note 11) (1,831) (1,833) (1,889)
Net income attributable to common stockholders $ 48,142 $ 41,897 $ 56,924
Earnings per common share, basic (Note 11) (in dollars per share) $ 3.87 $ 3.39 $ 5.43
Earnings per common share, diluted (Note 11) (in dollars per share) $ 1.28 $ 1.11 $ 1.91
Weighted average number of common shares, basic (Note 11) (in shares) 12,432,158 12,365,418 10,491,316
Weighted average number of common shares, diluted (Note 11) (in shares) 38,925,391 39,201,865 35,539,671