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Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2024
Long-Term Debt [Abstract]  
Long-Term Debt
The amount of long-term debt shown in the accompanying unaudited condensed consolidated balance sheet of June 30, 2024, is analyzed as follows:
 
       
  
Year/Period Ended
  
Loan facilities
Borrowers
  
December 31,
2023
    
June 30,
2024
  
$11.0 Million Term Loan Facility (a)
Spetses-Pikachu
  
$
4,600,000
    
$
1,809,130
  
$15.29 Million Term Loan Facility (b)
 Pocahontas-Jumaru
     10,109,000       —  
$40.75 Million Term Loan Facility (c)
 Liono-Snoopy-Cinderella
     23,055,000       14,312,613  
$55.00 Million Term Loan Facility (d)
 Mulan-Johnny Bravo-Songoku-Asterix-Stewie     32,040,000       12,099,000  
$22.5 Million Term Loan Facility (e)
 Tom-Jerry     16,800,000       15,000,000  
Total long-term debt
 
  
$
86,604,000
    
$
43,220,743
  
Less: Deferred financing costs
 
    
(808,215
)
    
(356,988
)
Total long-term debt, net of deferred finance costs
 
  
$
85,795,785
    
$
42,863,755
  
 
 
                
Presented:
 
                
Current portion of long-term debt
 
  
$
18,089,000
    
$
24,585,788
  
Less: Current portion of deferred finance costs
 
    
(409,705
)
    
(276,122
)
Current portion of long-term debt, net of deferred finance costs
 
  
$
17,679,295
    
$
24,309,666
  
                   
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
 
    
66,100,000
      
18,634,955
  
Less: Non-Current portion of deferred finance costs
 
    
(390,158
)
    
(80,866
)
Non-Current portion of long-term debt, net of deferred finance costs
 
  
$
65,709,842
    
$
18,554,089
  
Annual Principal Payments
The annual principal payments for the Company’s outstanding debt arrangements as of June 30, 2024, required to be made after the balance sheet date, are as follows:
Twelve-month period ending June 30,
  
Amount
  
2025
  
$
24,585,788
  
2026
    
6,731,157
  
2027
    
11,903,798
  
Total long-term debt
  
$
43,220,743