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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2023
Long-Term Debt [Abstract]  
Long-Term Debt
The amount of long-term debt shown in the accompanying consolidated balance sheet of December 31, 2023, is analyzed as follows:
 
        
Year/Period Ended
  
Loan facilities
Borrowers
  
December 31,
2022
    
December 31,
2023
  
$11.0 Million Term Loan Facility (a)
Spetses- Pikachu
 
$
6,200,000
    
$
4,600,000
  
$4.5 Million Term Loan Facility (b)
Bistro
   
2,850,000
      
—
  
$15.29 Million Term Loan Facility (c)
Pocahontas- Jumaru
     11,993,000       10,109,000  
$40.75 Million Term Loan Facility (d)
Liono-Snoopy-Cinderella-Luffy
     34,980,000       23,055,000  
$23.15 Million Term Loan Facility (e)
Bagheera-Garfield
     17,800,500       —  
$55.00 Million Term Loan Facility (f)
 Mulan- Johnny Bravo-Songoku-Asterix-Stewie     44,395,000       32,040,000  
$22.5 million Term Loan Facility (g)
 Tom-Jerry     22,250,000       16,800,000  
Total long-term debt
    
$
140,468,500
    
$
86,604,000
  
Less: Deferred financing costs
      
(1,696,738
)
    
(808,215
)
Total long-term debt, net of deferred finance costs
    
$
138,771,762
     $
85,795,785
  
                   
Presented:
                  
Current portion of long-term debt
    
$
29,848,400
    
$
18,089,000
  
Less: Current portion of deferred finance costs
      
(677,585
)
    
(409,705
)
Current portion of long-term debt, net of deferred finance costs
    
$
29,170,815
    
$
17,679,295
  
                   
Debt related to assets held for sale
     $ —     $ 2,415,000  
Less: Current portion of deferred finance costs
       —       (8,352 )
Debt related to assets held for sale, net of deferred finance costs
     $ —     $ 2,406,648  
                   
Non-Current portion of long-term debt
      
110,620,100
      
66,100,000
  
Less: Non-Current portion of deferred finance costs
      
(1,019,153
)
    
(390,158
)
Non-Current portion of long-term debt, net of deferred finance costs
    
$
109,600,947
    
$
65,709,842
  
Annual Principal Payments
The annual principal payments for the Company’s outstanding debt arrangements (including the debt related to assets held for sale) as of December 31, 2023, required to be made after the balance sheet date, are as follows:
 
Twelve-month period ending December 31,
  
Amount
  
2024
  
$
20,504,000
  
2025
    
21,015,000
  
2026
    
25,175,000
  
2027
    
19,910,000
  
Total long-term debt
  
$
86,604,000