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Deferred Charges, net
 12 Months Ended
Dec. 31, 2023
Deferred Charges, net [Abstract]  
Deferred Charges, net
5.
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, 2021
  
$
3,993,906
  
Additions
    
3,968,963
  
Less: Insurance claim recognized
    
(624,270
)
Amortization and write-offs  

(1,980,783
)
Balance December 31, 2022
   $
5,357,816
  
Additions
    
1,117,797
  
Amortization
  

(2,174,428
)
Transfer to Assets held for sale (Note 7(b))
    
(405,048
)
Disposals
    
(664,676
)
Balance December 31, 2023
  
$
3,231,461
  

During the years ended December 31, 2022 and 2023, 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 one of the Company’s container vessels (the M/V Ariana A) concluded scheduled drydocking repairs, respectively.