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Segment Information (Tables)
 12 Months Ended
Dec. 31, 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 year ended December 31, 2020, when the Company had one reportable segment, and for the years ended December 31, 2021 and 2022, when the Company had more than one reportable segments. The accounting policies followed in the preparation of the reportable segments are the same as those followed in the preparation of the Company’s consolidated financial statements. Segment results are evaluated based on income/ (loss) from operations.


  
Year ended
December 31,
    
Year ended
December 31,
    
Year ended
December 31,
  
    2020         2021     2022
  
   
Dry bulk segment
    
Dry bulk segment
    
Aframax/LR2 tanker
segment
    
Handysize tanker
segment
    
Total
    
Dry bulk segment
    
Aframax/LR2 tanker
segment
    
Handysize tanker
segment
    
Container
ship
segment
    
Total
  
  - Time charter revenues
  
$
12,487,692
    
$
102,785,442
    
$
9,115,257
    
$
—
    
$
111,900,699
    
$
148,930,997
    
$
13,656,029
    
$
—
    
$
1,285,133
    
$
163,872,159
  
  - Voyage charter revenues
    
—
      
—
      
15,002,012
      
—
      
15,002,012
      
—
      
51,805,097
      
—
      
—
      
51,805,097
  
  - Pool revenues
    
—
      
—
      
2,442,144
      
2,704,855
      
5,146,999
      
—
      
30,787,089
      
15,637,653
      
—
      
46,424,742
  
Total vessel revenues
  
$
12,487,692
    
$
102,785,442
    
$
26,559,413
    
$
2,704,855
    
$
132,049,710
    
$
148,930,997
    
$
96,248,215
    
$
15,637,653
    
$
1,285,133
    
$
262,101,998
  
Voyage expenses (including charges from related party)
    
(584,705
)
    
(1,891,265
)
    
(11,003,925
)
    
(55,593
)
    
(12,950,783
)
    
(3,649,943
)
    
(29,100,348
)
    
(219,066
)
    
(71,333
)
    
(33,040,690
)
Vessel operating expenses
    
(7,447,439
)
    
(26,841,600
)
    
(9,776,724
)
    
(2,585,147
)
    
(39,203,471
)
    
(40,697,898
)
    
(17,386,009
)
    
(4,322,281
)
    
(561,656
)
    
(62,967,844
)
Management fees to related parties
    
(930,500
)
    
(4,890,900
)
    
(1,433,950
)
    
(419,900
)
    
(6,744,750
)
    
(6,481,000
)
    
(2,167,000
)
    
(666,500
)
    
(81,400
)
    
(9,395,900
)
Depreciation and amortization
    
(1,904,963
)
    
(10,528,711
)
    
(3,087,764
)
    
(746,353
)
    
(14,362,828
)
    
(18,039,966
)
    
(5,889,352
)
    
(1,405,124
)
    
(495,271
)
    
(25,829,713
)
Provision for doubtful accounts
    
(37,103
)
    
(2,483
)
    
—
      
—
      
(2,483
)
    
—
      
(266,732
)
    
—
      
—
      
(266,732
)
Gain on sale of vessel
    
—
      
—
      
—
      
—
      
—
      
—
      
3,222,631
      
—
      
—
      
3,222,631
  
Segments operating income/(loss)
  
$
1,582,982
    
$
58,630,483
    
$
1,257,050
    
$
(1,102,138
)
  
$
58,785,395
    
$
80,062,190
    
$
44,661,405
    
$
9,024,682
    
$
75,473
    
$
133,823,750
  
Interest and finance costs
    
(810,317
)
                            
(2,631,318
)
                                    
(8,545,149
)
Interest income
    
9,387
                              
11,651
                                      
1,485,368
  
Foreign exchange (losses)/gains
    
(28,455
)
                            
31,325
                                      
99,134
  
Less: Unallocated corporate general and administrative expenses
    
(1,130,953
)
                            
(3,266,310
)
                                    
(7,043,937
)
Less: Corporate Interest and finance costs
    
(1,379,260
)
                            
(223,680
)
                                    
(38,905
)
Less: Corporate Interest income
    
25,589
                              
63,472
                                      
72,735
  
Less: Corporate exchange (losses)/ gains
    
(866
)
                            
(2,709
)
                                    
4,566
  
Dividend on equity securities
     —                               —                                      
24,528
  
Profit from equity securities
    
—
                              
—
                                      
27,450
  
Net (loss)/income and comprehensive (loss)/income, before taxes
  
$
(1,731,893
)
                          
$
52,767,826
                                    
$
119,909,540
  
Reconciliation of Total Segment Assets to Total Assets
A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets of December 31, 2021, and 2022, is as follows:

   
Year Ended
December 31,
2021
    
Year Ended
December 31,
2022
  
Dry bulk segment
  
$
314,407,704
    
$
339,599,683
  
Aframax tanker segment
    
104,953,507
      
134,093,678
  
Handysize tanker segment
    
19,093,379
      
23,385,458
  
Containership segment     —       52,850,927  
Cash and cash equivalents (1)
    
23,950,795
      
82,336,406
  
Prepaid expenses and other assets (1)
    
508,057
      
654,796
  
Total consolidated assets
  
$
462,913,442
    
$
632,920,948
  

(1)
Refers to assets of other, non-vessel owning, entities included in the consolidated financial statements.