XML 18 R6.htm IDEA: XBRL DOCUMENT v3.23.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
Common Shares [Member]
Common Shares [Member]
Preferred B Shares [Member]
Preferred Shares [Member]
Preferred B Shares [Member]
Par Value of Shares Issued [Member]
Additional Paid-in Capital [Member]
Due from Shareholders [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2021       $ 94,622 $ 303,658,153 $ 0 $ 39,181,595 $ 342,934,370
Balance (in shares) at Dec. 31, 2021 94,610,088   12,000          
Increase (Decrease) in Shareholders' Equity [Roll Forward]                
Net income       0 0   47,729,784 47,729,784
Balance at Jun. 30, 2022       94,622 303,658,153 0 86,911,379 390,664,154
Balance (in shares) at Jun. 30, 2022 94,610,088   12,000          
Balance at Dec. 31, 2022       94,622 303,658,153 0 157,742,285 461,495,060
Balance (in shares) at Dec. 31, 2022 94,610,088   12,000          
Increase (Decrease) in Shareholders' Equity [Roll Forward]                
Distribution of net assets of Toro Corp. to shareholders (Note 1)         (37,919,432) 0 0 (37,919,432)
Issuance of common stock pursuant to the ATM Program (Note 10)       1,880 696,683 (38,475) 0 660,088
Issuance of common stock pursuant to the ATM Program (Note 10) (in shares) 1,879,888 0            
Net income       0 0   19,016,085 19,016,085
Balance at Jun. 30, 2023       $ 96,502 $ 266,435,404 $ (38,475) $ 176,758,370 $ 443,251,801
Balance (in shares) at Jun. 30, 2023 96,489,976   12,000