XML 52 R41.htm IDEA: XBRL DOCUMENT v3.24.0.1
Long-term Debt - Outstanding Debt Obligations (Details) - USD ($)
Dec. 31, 2023
Aug. 21, 2023
Jun. 30, 2023
Jun. 20, 2023
Mar. 31, 2023
Jul. 29, 2022
Dec. 29, 2021
Total Debt Obligations              
Total debt obligations $ 623,769,269       $ 663,562,433    
Less: deferred financing fees 5,649,599       6,195,087    
Debt obligations-net of deferred financing fees 618,119,670       657,367,346    
Presented as follows:              
Current portion of long-term debt 53,433,423       53,110,676    
Long-term debt-net of current portion and deferred financing fees 564,686,247       604,256,670    
Total long-term debt 618,119,670       657,367,346    
2022 Debt Facility              
Total Debt Obligations              
Total debt obligations 210,000,000       225,000,000    
Original loan amount           $ 260,000,000.0  
Japanese Financings              
Total Debt Obligations              
Total debt obligations 345,469,831       364,466,308    
Corsair Japanese Financing              
Total Debt Obligations              
Total debt obligations 31,958,334       34,395,834    
Cresques Japanese Financing              
Total Debt Obligations              
Total debt obligations 26,051,147       27,377,615    
Stated fixed interest rate       6.55%      
Cratis Japanese Financing              
Total Debt Obligations              
Total debt obligations 42,520,000       45,580,000    
Copernicus Japanese Financing              
Total Debt Obligations              
Total debt obligations 42,520,000       45,580,000    
Chaparral Japanese Financing              
Total Debt Obligations              
Total debt obligations 60,520,350       62,342,859    
Caravelle Japanese Financing              
Total Debt Obligations              
Total debt obligations 43,400,000       46,100,000    
Cougar Japanese Financing              
Total Debt Obligations              
Total debt obligations 44,600,000       47,300,000    
Stated fixed interest rate   6.34%          
Captain Markos Dual-Fuel Japanese Financing              
Total Debt Obligations              
Total debt obligations 53,900,000       55,790,000    
Stated fixed interest rate     6.39%        
BALCAP Facility              
Total Debt Obligations              
Total debt obligations $ 68,299,438       $ 74,096,125    
Original loan amount             $ 83,400,000