XML 107 R89.htm IDEA: XBRL DOCUMENT v3.22.4
Segment Information, Information about Company's Reportable Segments (Details)
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2022
Segment
Sep. 30, 2022
Segment
Dec. 31, 2022
USD ($)
Vessel
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Segment
Segment Information [Abstract]          
Number of containerships acquired | Vessel     2    
Number of operating segments | Segment   3      
Number of reportable segments | Segment 4 3     1
Segment Information [Abstract]          
Voyage charter revenues     $ 51,805,097 $ 15,002,012 $ 0
Total vessel revenues     262,101,998 132,049,710 12,487,692
Voyage expenses (including charges from related party)     (33,040,690) (12,950,783) (584,705)
Vessel operating expenses     (62,967,844) (39,203,471) (7,447,439)
Management fees to related parties     (9,395,900) (6,744,750) (930,500)
Depreciation and amortization     (25,829,713) (14,362,828) (1,904,963)
Provision for doubtful accounts     (266,732) (2,483) (37,103)
Gain on sale of vessel     3,222,631 0 0
Operating income     126,779,813 55,519,085 452,029
Interest and finance costs     (8,584,054) (2,854,998) (2,189,577)
Interest income     1,558,103 75,123 34,976
Foreign exchange (losses)/gains     103,700 28,616 (29,321)
Unallocated general and administrative expenses     (7,043,937) (3,266,310) (1,130,953)
Dividend on equity securities     24,528 0 0
Profit from equity securities     27,450 0 0
Net (loss)/income, before taxes     119,909,540 52,767,826 (1,731,893)
Time Charter [Member]          
Segment Information [Abstract]          
Vessel revenues     163,872,159 111,900,699 12,487,692
Pool [Member]          
Segment Information [Abstract]          
Vessel revenues     46,424,742 5,146,999 0
Operating Segment [Member]          
Segment Information [Abstract]          
Operating income     133,823,750 58,785,395  
Operating Segment [Member] | Dry Bulk Segment [Member]          
Segment Information [Abstract]          
Voyage charter revenues     0 0 0
Total vessel revenues     148,930,997 102,785,442 12,487,692
Voyage expenses (including charges from related party)     (3,649,943) (1,891,265) (584,705)
Vessel operating expenses     (40,697,898) (26,841,600) (7,447,439)
Management fees to related parties     (6,481,000) (4,890,900) (930,500)
Depreciation and amortization     (18,039,966) (10,528,711) (1,904,963)
Provision for doubtful accounts     0 (2,483) (37,103)
Gain on sale of vessel     0 0 0
Operating income     80,062,190 58,630,483 1,582,982
Operating Segment [Member] | Dry Bulk Segment [Member] | Time Charter [Member]          
Segment Information [Abstract]          
Vessel revenues     148,930,997 102,785,442 12,487,692
Operating Segment [Member] | Dry Bulk Segment [Member] | Pool [Member]          
Segment Information [Abstract]          
Vessel revenues     0 0 0
Operating Segment [Member] | Aframax/LR2 Tanker Segment [Member]          
Segment Information [Abstract]          
Voyage charter revenues     51,805,097 15,002,012  
Total vessel revenues     96,248,215 26,559,413  
Voyage expenses (including charges from related party)     (29,100,348) (11,003,925)  
Vessel operating expenses     (17,386,009) (9,776,724)  
Management fees to related parties     (2,167,000) (1,433,950)  
Depreciation and amortization     (5,889,352) (3,087,764)  
Provision for doubtful accounts     (266,732) 0  
Gain on sale of vessel     3,222,631 0  
Operating income     44,661,405 1,257,050  
Operating Segment [Member] | Aframax/LR2 Tanker Segment [Member] | Time Charter [Member]          
Segment Information [Abstract]          
Vessel revenues     13,656,029 9,115,257  
Operating Segment [Member] | Aframax/LR2 Tanker Segment [Member] | Pool [Member]          
Segment Information [Abstract]          
Vessel revenues     30,787,089 2,442,144  
Operating Segment [Member] | Handysize Tanker Segment [Member]          
Segment Information [Abstract]          
Voyage charter revenues     0 0  
Total vessel revenues     15,637,653 2,704,855  
Voyage expenses (including charges from related party)     (219,066) (55,593)  
Vessel operating expenses     (4,322,281) (2,585,147)  
Management fees to related parties     (666,500) (419,900)  
Depreciation and amortization     (1,405,124) (746,353)  
Provision for doubtful accounts     0 0  
Gain on sale of vessel     0 0  
Operating income     9,024,682 (1,102,138)  
Operating Segment [Member] | Handysize Tanker Segment [Member] | Time Charter [Member]          
Segment Information [Abstract]          
Vessel revenues     0 0  
Operating Segment [Member] | Handysize Tanker Segment [Member] | Pool [Member]          
Segment Information [Abstract]          
Vessel revenues     15,637,653 2,704,855  
Operating Segment [Member] | Container Ship Segment [Member]          
Segment Information [Abstract]          
Voyage charter revenues     0    
Total vessel revenues     1,285,133    
Voyage expenses (including charges from related party)     (71,333)    
Vessel operating expenses     (561,656)    
Management fees to related parties     (81,400)    
Depreciation and amortization     (495,271)    
Provision for doubtful accounts     0    
Gain on sale of vessel     0    
Operating income     75,473    
Operating Segment [Member] | Container Ship Segment [Member] | Time Charter [Member]          
Segment Information [Abstract]          
Vessel revenues     1,285,133    
Operating Segment [Member] | Container Ship Segment [Member] | Pool [Member]          
Segment Information [Abstract]          
Vessel revenues     0    
Segment Reconciling Items [Member]          
Segment Information [Abstract]          
Interest and finance costs     (8,545,149) (2,631,318) (810,317)
Interest income     1,485,368 11,651 9,387
Foreign exchange (losses)/gains     99,134 31,325 (28,455)
Dividend on equity securities     24,528 0 0
Profit from equity securities     27,450 0 0
Corporate [Member]          
Segment Information [Abstract]          
Interest and finance costs     (38,905) (223,680) (1,379,260)
Interest income     72,735 63,472 25,589
Foreign exchange (losses)/gains     4,566 (2,709) (866)
Unallocated general and administrative expenses     $ (7,043,937) $ (3,266,310) $ (1,130,953)