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Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2023
Long-Term Debt [Abstract]  
Long-Term Debt
The amount of long-term debt shown in the accompanying unaudited condensed consolidated balance sheet of June 30, 2023, is analyzed as follows:
 
     
  
Year/Period Ended
  
Loan facilities
Borrowers
  
December 31,
2022
    
June 30,
2023
  
$11.0 Million Term Loan Facility (a)
Spetses- Pikachu
  
$
6,200,000
    
$
5,400,000
  
$4.5 Million Term Loan Facility (b)
Bistro
    
2,850,000
      
2,550,000
  
$15.29 Million Term Loan Facility (c)
 Pocahontas- Jumaru
     11,993,000       11,051,000  
$40.75 Million Term Loan Facility (e)
 Liono-Snoopy-Cinderella-Luffy
     34,980,000       32,672,000  
$23.15 Million Term Loan Facility (f)
 Bagheera-Garfield
     17,800,500       9,089,300  
$55.00 Million Term Loan Facility (g)
Mulan- Johnny Bravo-Songoku-Asterix-Stewie     44,395,000       37,325,000  
$22.5 million Term Loan Facility (h) Tom-Jerry     22,250,000       19,250,000  
Total long-term debt including Debt related to assets held for sale
 
  
$
140,468,500
    
$
117,337,300
  
Less: Deferred financing costs
 
    
(1,696,738
)
    
(1,272,882
)
Total long-term debt including Debt related to assets held for sale, net of deferred finance costs
 
  
$
138,771,762
     $
116,064,418
  
 
 
                
Presented:
 
                
Current portion of long-term debt
 
  
$
29,848,400
    
$
20,943,399
  
Less: Current portion of deferred finance costs
 
    
(677,585
)
    
(514,820
)
Current portion of long-term debt, net of deferred finance costs
 
  
$
29,170,815
    
$
20,428,579
  
                   
Debt related to assets held for sale
    $
—     $
10,742,000  
Less: Current portion of deferred finance costs
      —       (119,348 )
Debt related to assets held for sale, net of deferred finance costs
    $
—     $
10,622,652  
 
 
                
Non-Current portion of long-term debt
 
    
110,620,100
      
85,651,901
  
Less: Non-Current portion of deferred finance costs
 
    
(1,019,153
)
    
(638,714
)
Non-Current portion of long-term debt, net of deferred finance costs
 
  
$
109,600,947
    
$
85,013,187
  
Annual Principal Payments
The annual principal payments for the Company’s outstanding debt arrangements (including the debt related to assest held for sale) as of June 30, 2023, required to be made after the balance sheet date, are as follows:
Twelve-month period ending June 30,
  
Amount
  
2024
  
$
31,685,399
  
2025
    
27,776,401
  
2026
    
13,624,400
  
2027
    
40,051,100
  
2028     4,200,000
 		 
Total long-term debt
  
$
117,337,300