Discontinued operations (Tables)

6 Months Ended

Jun. 30, 2024

Discontinued operations [Abstract]

Discontinued Operations

The components of the income from discontinued operations for the period January 1, 2023 through March 7, 2023 in the consolidated statements of comprehensive income consisted of the following:

	January 1 through March 7,
	2023
REVENUES:
Time charter revenues		914,000
Voyage charter revenues		7,930
Pool revenues		22,447,344
Total vessel revenues		23,369,274
EXPENSES:
Voyage expenses (including $294,831 to related party for the period January 1, 2023 through March 7, 2023)		(374,396	)
Vessel operating expenses		(3,769,132	)
Management fees to related parties		(507,000	)
Depreciation and amortization		(1,493,759	)
Recovery of provision for doubtful accounts		266,732
Total expenses		(5,877,555	)
Operating income		17,491,719
OTHER INCOME:
Interest and finance costs		(220,061	)
Interest income		253,165
Foreign exchange losses		(11,554	)
Total other income, net		21,550
Net income and comprehensive income from discontinued operations, before taxes	$	17,513,269
Income taxes		(173,937	)
Net income and comprehensive income from discontinued operations, net of taxes	$	17,339,332