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Deferred charges, net
12 Months Ended
Dec. 31, 2021
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 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
 
Additions
   
3,936,331
 
Amortization
   
(1,135,080
)
Balance December 31, 2021
 
$
4,862,824
 
 
On November 27, 2020, the Magic Moon commenced its scheduled dry-dock which was completed on January 13, 2021. During the year ended December 31, 2021, three more vessels in the Company’s fleet initiated and completed their scheduled dry-dock, the Magic Rainbow the Wonder Mimosa and the Magic Vela.