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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Information [Abstract]  
Information about Company's Reportable Segments
The table below presents information about the Company’s reportable segments as of and for the six months ended June 30, 2021, and 2022. The accounting policies followed in the preparation of the reportable segments are the same as those followed in the preparation of the Company’s unaudited interim consolidated financial statements. Segment results are evaluated based on income from operations.

         
Six months ended June 30,
    
Six months ended June 30,
  
         
2021
    
2022
  
   
Dry bulk segment
    
Aframax/
LR2 tanker
segment
    
Handysize tanker segment
    
Total
    
Dry bulk segment
    
Aframax/ LR2 tanker segment
    
Handysize tanker segment
    
Total
  
  - Time charter revenues
  
$
24,376,925
    
$
3,258,562
    
$
—
    
$
27,635,487
    
$
79,529,412
    
$
4,836,315
    
$
—
    
$
84,365,727
  
  - Voyage charter revenues
    
—
      
693,471
      
—
      
693,471
      
—
      
29,592,279
      
—
      
29,592,279
  
  - Pool revenues
    
—
      
367,114
      
66,564
      
433,678
      
—
      
3,729,807
      
4,451,166
      
8,180,973
  
Vessel revenues, net
  
$
24,376,925
    
$
4,319,147
    
$
66,564
    
$
28,762,636
    
$
79,529,412
    
$
38,158,401
    
$
4,451,166
    
$
122,138,979
  
Voyage expenses (including charges from related party)
    
(14,056
)
    
(918,180
)
    
(9,357
)
    
(941,593
)
    
(1,384,566
)
    
(18,599,250
)
    
(70,592
)
    
(20,054,408
)
Vessel operating expenses
    
(9,035,273
)
    
(2,001,614
)
    
(230,008
)
    
(11,266,895
)
    
(20,914,440
)
    
(8,701,065
)
    
(2,106,699
)
    
(31,722,204
)
Management fees to related parties
    
(1,952,450
)
    
(464,950
)
    
(107,100
)
    
(2,524,500
)
    
(3,077,000
)
    
(1,076,950
)
    
(307,700
)
    
(4,461,650
)
Depreciation and amortization
    
(3,283,740
)
    
(710,136
)
    
(46,725
)
    
(4,040,601
)
    
(8,602,774
)
    
(2,992,158
)
    
(579,286
)
    
(12,174,218
)
Segments operating income/(loss) (1)
  
$
10,091,406
    
$
224,267
    
$
(326,626
)
  
$
9,989,047
    
$
45,550,632
    
$
6,788,978
    
$
1,386,889
    
$
53,726,499
  
Interest and finance costs
     (623,588)       (117,499)       (811)       (741,898)       (3,068,061)       (381,824)       (6,561)       (3,456,446)  
Interest income
     1,864       —       —       1,864       9,815       1,412       —       11,227  
Foreign exchange (losses)/gains
     (19,676)       (208)       14,194       (5,690)       74,006       (9,300)       (1,829)       62,877  
Segment Net income/(loss) and comprehensive income/(loss), before taxes
   $
 9,450,006     $
 106,560     $
(313,243)     $
9,243,323     $
 42,566,392     $
6,399,266     $
 1,378,499     $
50,344,157  
Less: Unallocated corporate general and administrative expenses
                             (1,459,355)                               (2,061,302)  
Less: Corporate Interest and finance costs
                             (157,104)                               (31,108)  
Less: Corporate Interest income
                             56,377                               130,165  
Less: Corporate exchange (losses)/ gains
                             (6,550)                               4,910  
Net income and comprehensive income, before taxes
                           $
 7,676,691                             $
 48,386,822  
Reconciliation of Total Segment Assets to Total Assets
A reconciliation of total segment assets to total assets presented in the accompanying unaudited interim consolidated balance sheets of December 31, 2021, and June 30, 2022, is as follows:

   
As of December 31,
2021
    
As of June 30,
2022
  
Dry bulk segment
  
$
314,407,704
    
$
341,043,197
  
Aframax tanker segment
    
104,953,507
      
112,085,251
  
Handysize tanker segment
    
19,093,379
      
18,273,202
  
Cash and cash equivalents (1)
    
23,950,795
      
80,625,763
  
Prepaid expenses and other assets (1)
    
508,057
      
409,610
  
Total consolidated assets
  
$
462,913,442
    
$
552,437,023
  

(1) Refers to assets of other entities (Castor Maritime Inc. and Castor Maritime SCR Corp.) included in the unaudited interim condensed consolidated financial statements.