XML 77 R54.htm IDEA: XBRL DOCUMENT v3.24.0.1
Transactions with Related Parties, Castor Ships (Details)
6 Months Ended 8 Months Ended 12 Months Ended 22 Months Ended
Dec. 31, 2023
USD ($)
$ / d
Mar. 07, 2023
$ / d
Dec. 31, 2023
USD ($)
Vessel
Jun. 30, 2023
USD ($)
$ / d
Dec. 31, 2022
USD ($)
Vessel
Dec. 31, 2021
USD ($)
Jun. 30, 2022
USD ($)
$ / d
Transactions with Related Parties [Abstract]              
Due from related party - non-current $ 4,504,340   $ 4,504,340   $ 3,514,098    
Due from related party - current 5,650,168   5,650,168   2,664,976    
Due to related parties $ 541,666   $ 541,666   $ 227,622    
Castor Ships [Member] | Panamax Dry Bulk [Member]              
Transactions with Related Parties [Abstract]              
Number of vessels acquired | Vessel         1    
Number of vessels sold | Vessel     3        
Castor Ships [Member] | Kamsarmax [Member]              
Transactions with Related Parties [Abstract]              
Number of vessels sold | Vessel     2        
Castor Ships [Member] | Amended Castor Ship Management Agreements [Member] | Dry Bulk Vessels [Member]              
Transactions with Related Parties [Abstract]              
Daily fee for services | $ / d 386            
Related Party [Member] | Castor Ships [Member]              
Transactions with Related Parties [Abstract]              
Due from related party - non-current $ 4,504,340   $ 4,504,340   $ 3,514,098    
Due from related party - current 2,283,209   2,283,209   0    
Due to related parties 0   0   227,622    
Related Party [Member] | Castor Ships [Member] | Vessels [Member]              
Transactions with Related Parties [Abstract]              
Sale and purchase commission     0   235,500 $ 0  
Related Party [Member] | Castor Ships [Member] | Net Gain on Sale of Vessels [Member]              
Transactions with Related Parties [Abstract]              
Sale and purchase commission     664,000   0 $ 0  
Related Party [Member] | Castor Ships [Member] | Castor Ship Management Agreements [Member]              
Transactions with Related Parties [Abstract]              
Quarterly management fee             $ 300,000
Daily fee for services | $ / d             250
Commission rate on charter agreements             1.25%
Commission rate on each vessel sale and purchase transaction             1.00%
Due to related parties 107,099   $ 107,099   227,408    
Related Party [Member] | Castor Ships [Member] | Amended Castor Ship Management Agreements [Member]              
Transactions with Related Parties [Abstract]              
Quarterly management fee 800,000     $ 750,000      
Commission rate on charter agreements       1.25%      
Commission rate on each vessel sale and purchase transaction       1.00%      
Recovery fee multiplier       2      
Term of agreement     8 years        
Renewal term of agreement     8 years        
Termination fee multiplier     7        
Funding period for advance to cover vessel daily operating costs     2 months        
Due from related party - current $ 605,688   $ 605,688   0    
Related Party [Member] | Castor Ships [Member] | Amended Castor Ship Management Agreements [Member] | Containership and Dry Bulk Vessels [Member]              
Transactions with Related Parties [Abstract]              
Daily fee for services | $ / d 986     925      
Related Party [Member] | Castor Ships [Member] | Amended Castor Ship Management Agreements [Member] | Tanker Vessels [Member]              
Transactions with Related Parties [Abstract]              
Daily fee for services | $ / d   975          
Related Party [Member] | Castor Ships [Member] | Amended Castor Ship Management Agreements [Member] | Dry Bulk Vessels [Member]              
Transactions with Related Parties [Abstract]              
Daily fee for services | $ / d       325      
Related Party [Member] | Castor Ships [Member] | Working Capital Guarantee Advances [Member]              
Transactions with Related Parties [Abstract]              
Due from related party - non-current $ 4,504,340   4,504,340   3,514,098    
Due from related party - current 1,740,931   1,740,931        
Related Party [Member] | Castor Ships [Member] | Operating Expenses Payments [Member]              
Transactions with Related Parties [Abstract]              
Due from related party - current 43,689   43,689        
Due to related parties         214    
Related Party [Member] | Pavimar [Member]              
Transactions with Related Parties [Abstract]              
Due from related party - current $ 3,366,959   $ 3,366,959   $ 2,664,976    
Related Party [Member] | Pavimar [Member] | Amended Castor Ship Management Agreements [Member] | Dry Bulk Vessels [Member]              
Transactions with Related Parties [Abstract]              
Daily fee for services | $ / d       600