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Deferred charges, net
12 Months Ended
Dec. 31, 2020
Deferred charges, net [Abstract]  
Deferred charges, net
4.
Deferred charges, net:

The movement in deferred dry-docking costs, net in the accompanying consolidated balance sheets, is as follows:

  
Dry-docking costs
 
Balance September 30, 2018
 
$
443,394
 
Amortization
  
(102,324
)
Balance December 31, 2018
 
$
341,070
 
Amortization
  
(341,070
)
Balance December 31, 2019
 
$
 
Additions
  
2,216,102
 
Amortization
  
(154,529
)
Balance December 31, 2020
 
$
2,061,573
 

On February 14, 2020, the Magic P commenced its scheduled dry-dock which was completed on March 21, 2020 and, on November 20, 2020 the Magic Sun commenced its scheduled dry-dock which was completed on December 24, 2020. The Magic Moon was undergoing dry-dock as of December 31, 2020. Amortization of deferred dry-docking costs is included in Depreciation and amortization in the accompanying consolidated statements of comprehensive income/(loss).