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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2018
Sep. 30, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 1,739,174 $ 836,468
Accounts receivable trade 2,453 342,605
Due from related party (Note 3) 263,079 96,264
Inventories 60,697 46,586
Prepaid expenses and other current assets 44,597 29,060
Total current assets 2,110,000 1,350,983
OTHER NON-CURRENT ASSETS:    
Vessel, net of accumulated depreciation of $182,346 and $478,877 respectively (Note 5) 7,070,404 7,366,935
Deferred charges, net of accumulated amortization of $0 and $341,080 (Note 4) 443,394 0
Total other non-current assets, net 7,513,798 7,366,935
Total assets 9,623,798 8,717,918
CURRENT LIABILITIES:    
Accounts payable 33,483 105,104
Accrued liabilities 115,733 119,170
Total current liabilities 149,216 224,274
Commitments and contingencies (Note 8)
SHAREHOLDERS' EQUITY:    
Preferred shares [1] 492 492
Common shares, $0.001 par value; 1,950,000,000 shares authorized; 2,400,000 shares, issued and outstanding (Note 6) 2,400 2,400
Additional paid-in capital (Note 6) 7,612,108 7,612,108
Retained earnings 1,859,582 878,644
Total shareholders' equity 9,474,582 8,493,644
Total liabilities and shareholders' equity 9,623,798 8,717,918
Series A Cumulative Redeemable Perpetual Preferred Shares [Member]    
SHAREHOLDERS' EQUITY:    
Preferred shares 480 480
Series B Preferred Shares [Member]    
SHAREHOLDERS' EQUITY:    
Preferred shares [1] $ 12 $ 12
[1] There are no issuance costs.