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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 111,383,645 $ 100,593,557
Restricted cash 2,327,502 1,684,269
Accounts receivable trade, net 2,914,899 2,706,412
Due from related parties $ 5,650,168 $ 2,664,976
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Inventories $ 977,639 $ 1,939,689
Prepaid expenses and other assets 3,277,873 2,065,539
Investment in equity securities 77,089,100 0
Assets held for sale 38,656,048 0
Deferred charges, net 0 51,138
Current assets of discontinued operations 0 54,763,308
Total current assets 242,276,874 166,468,888
NON-CURRENT ASSETS:    
Vessels, net 229,536,996 343,408,466
Restricted cash 7,190,000 7,550,000
Due from related parties $ 4,504,340 $ 3,514,098
Other Receivable, after Allowance for Credit Loss, Noncurrent, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Prepaid expenses and other assets $ 500,000 $ 1,626,000
Deferred charges, net 3,231,461 5,357,816
Fair value of acquired time charters 265,173 2,507,506
Investment in related party 117,537,135 0
Non-current assets of discontinued operations 0 102,715,796
Total non-current assets 362,765,105 466,679,682
Total assets 605,041,979 633,148,570
CURRENT LIABILITIES:    
Current portion of long-term debt, net 17,679,295 29,170,815
Debt related to assets held for sale, net 2,406,648 0
Accounts payable 2,833,167 7,593,981
Deferred revenue 1,548,892 2,583,879
Accrued liabilities 3,592,728 5,494,043
Due to related parties $ 541,666 $ 227,622
Other Liability, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Current liabilities of discontinued operations $ 0 $ 6,519,051
Total current liabilities 28,602,396 51,589,391
NON-CURRENT LIABILITIES:    
Long-term debt, net 65,709,842 109,600,947
Non-current liabilities of discontinued operations 0 10,463,172
Total non-current liabilities 65,709,842 120,064,119
Commitments and contingencies
MEZZANINE EQUITY:    
Mezzanine equity 49,549,489 0
SHAREHOLDERS' EQUITY:    
Common shares, $0.001 par value; 1,950,000,000 shares authorized; 94,610,088 and 96,623,876 issued and outstanding as of December 31, 2022, and December 31, 2023, respectively 96,624 94,610
Additional paid-in capital 266,360,857 303,658,153
Retained earnings 194,722,759 157,742,285
Total shareholders' equity 461,180,252 461,495,060
Total liabilities, mezzanine equity and shareholders' equity 605,041,979 633,148,570
Series D Preferred Stock [Member]    
MEZZANINE EQUITY:    
Mezzanine equity 49,549,489 0
Series B Preferred Shares [Member]    
SHAREHOLDERS' EQUITY:    
Preferred shares $ 12 $ 12