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UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
REVENUES:    
Voyage revenues (net of address commissions of $127,649 in 2018 and $153,453 in 2019) $ 3,125,623 $ 3,294,235
Total revenues 3,125,623 3,294,235
EXPENSES:    
Voyage expenses (including related party commissions) (105,516) (8,933)
Vessel operating expenses (1,461,473) (1,125,983)
Management fees to related party (100,360) (87,360)
Depreciation and amortization (552,167) (529,686)
General and administrative expenses    
Company administration expenses (211,548) (73,399)
Public registration costs (132,091) (234,406)
Total expenses (2,563,155) (2,059,767)
Operating income 562,468 1,234,468
OTHER INCOME/ (EXPENSES):    
Interest and finance costs (26,081) (2,595)
Interest income 27,821 4,243
Foreign exchange losses (3,407) (7,075)
Other, net 0 (243)
Total other expenses, net (1,667) (5,670)
Net income 560,801 1,228,798
Comprehensive income $ 560,801 $ 1,228,798
Loss per common share, basic and diluted (in dollars per share) $ (0.57) $ (0.02)
Weighted average number of common shares, basic and diluted (in shares) 2,467,798 2,400,000