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Vessels, net/Assets held for sale (Tables)
 12 Months Ended
Dec. 31, 2023
Vessels, net/Assets held for sale [Abstract]  
Vessels, Net

(a) Vessels, net: The amounts in the accompanying consolidated balance sheets are analyzed as follows:


   
Vessel Cost
    
Accumulated depreciation
    
Net Book Value
  
Balance December 31, 2021
    
298,299,210
      
(12,419,560
)
    
285,879,650
  
— Acquisitions, improvements, and other vessel costs
    
71,715,105
      
—
     
71,715,105
  
— Transfers from Advances for vessel acquisitions (b)
    
2,368,165
       —      
2,368,165
  
— Period depreciation
    
—
      
(16,554,454
)
    
(16,554,454
)
Balance December 31, 2022
    
372,382,480
      
(28,974,014
)
    
343,408,466
  
— Acquisitions, improvements, and other vessel costs
    
418,520
       —      
418,520
  
— Transfer to Assets held for sale (b)
    
(45,205,666
)
    
7,376,974
      
(37,828,692
)
— Vessel disposals
    
(65,528,981
)
    
8,970,086
      
(56,558,895
)
— Period depreciation
     —      
(19,902,403
)
    
(19,902,403
)
Balance December 31, 2023
    
262,066,353
      
(32,529,357
)
    
229,536,996
  
Vessel Acquisitions
Details regarding the 2022 Vessel Acquisitions delivered as of December 31, 2022, are presented below.

Vessel Name
Vessel Type
DWT
Year
Built
Country of Construction
Purchase Price
(in million)
Delivery Date
2022 Acquisitions
M/V Magic Callisto
Panamax
74,930
2012
Japan
$23.55
01/04/2022
M/V Ariana A
Containership
38,117
2005
Germany
$25.00
11/23/2022
M/V Gabriela A
Containership
38,121
2005
Germany
$25.75
11/30/2022