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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
10 Months Ended 12 Months Ended
Sep. 30, 2017
Sep. 30, 2018
REVENUES:    
Revenues (net of address commissions of $74,271 in 2017 and $153,406 in 2018) $ 2,018,061 $ 3,960,822
Total revenues 2,018,061 3,960,822
EXPENSES:    
Voyage expenses (Note 11) 80,853 37,373
Vessel operating expenses (Note 11) 1,194,995 1,727,770
Management fees to related party (Note 3) 55,500 111,480
Depreciation and amortization (Note 5 & 4) 182,346 637,611
General and administrative expenses (Note 12) 94,440 459,400
Total Expenses 1,608,134 2,973,634
Operating income 409,927 987,188
OTHER INCOME (EXPENSES):    
Bank charges (532) (3,393)
Gain on derivative financial instruments (Note 7) 475,530 0
Foreign exchange losses (7,021) (8,539)
Interest income 0 4,243
Other, net 740 1,439
Total other income/(losses), net 468,717 (6,250)
Net income 878,644 980,938
Comprehensive income $ 878,644 $ 980,938
Earnings/(losses) per common share, basic and diluted (Note 10) (in dollars per share) $ 0.35 $ (0.28)
Weighted average number of common shares, basic and diluted (in shares) 2,400,000 2,400,000