XML 92 R69.htm IDEA: XBRL DOCUMENT v3.24.0.1
Long-Term Debt, $23.15 Million Term Loan Facility (Details)
12 Months Ended
Nov. 27, 2023
USD ($)
Apr. 24, 2023
Apr. 18, 2023
USD ($)
Nov. 24, 2021
Tranche
Dec. 31, 2023
USD ($)
Installment
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Nov. 22, 2021
Subsidiary
Long-Term Debt [Abstract]                
Repayment of loan         $ 53,864,500 $ 24,493,000 $ 5,178,500  
$23.15 Million Term Loan Facility [Member]                
Long-Term Debt [Abstract]                
Number of ship-owning subsidiaries entering into term loan facility | Subsidiary               2
Face amount         $ 23,150,000      
Number of tranches drawn | Tranche       2        
Term of loan         5 years      
Number of payment installments | Installment         60      
Frequency of periodic payment         monthly      
Balloon installment payable at maturity         $ 8,200,000      
Margin on variable rate   0.11448%            
$23.15 Million Term Loan Facility [Member] | M/V Magic Rainbow [Member]                
Long-Term Debt [Abstract]                
Repayment of loan     $ 6,950,000          
$23.15 Million Term Loan Facility [Member] | M/V Magic Phoenix [Member]                
Long-Term Debt [Abstract]                
Repayment of loan $ 8,600,000              
$23.15 Million Term Loan Facility [Member] | Installments 1 to 18 [Member]                
Long-Term Debt [Abstract]                
Installment payment         411,500      
$23.15 Million Term Loan Facility [Member] | Installments 19 to 59 [Member]                
Long-Term Debt [Abstract]                
Installment payment         183,700      
First Tranche [Member]                
Long-Term Debt [Abstract]                
Face amount         10,150,000      
Second Tranche [Member]                
Long-Term Debt [Abstract]                
Face amount         $ 13,000,000