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Deferred Charges, net
 12 Months Ended
Dec. 31, 2022
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, 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
  
Additions
    
6,448,488
  
Less: Insurance claim recognized
    
(624,270
)
Amortization and write-offs
    
(2,708,081
)
Balance December 31, 2022
  
$
7,978,961
  

 
During the year ended December 31, 2022, four of the Company’s dry bulk carrier vessels (the M/V Magic Horizon, the M/V Magic Moon, the M/V Magic P and the M/V Magic Perseus) and two of the Company’s tanker vessels (the M/T Wonder Musica and the M/T Wonder Avior) concluded scheduled drydocking repairs.