The number of vessels in the Company's fleet.

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The number of vessels first priority mortgaged as collateral to their loan facilities.

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Gross sales price of long-lived, physical assets used in the normal conduct of business.

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- Definition

Amount of assets held-for-sale that are not part of a disposal group, expected to be sold within a year or the normal operating cycle, if longer.

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Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property.

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The aggregate amount of write-downs for impairments recognized during the period for long-lived assets held for abandonment, exchange or sale.

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Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.

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Vessels, net/Assets held for sale, Disposal of vessels (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($) Vessel	Mar. 31, 2024 USD ($)	Jun. 30, 2024 USD ($) Vessel	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	May 01, 2024 USD ($)	Feb. 15, 2024 USD ($)	Jan. 19, 2024 USD ($)	Dec. 21, 2023 USD ($)	Dec. 07, 2023 USD ($)	Nov. 10, 2023 USD ($)
Assets Held for Sale/ Disposal of Vessels [Abstract]
Gain of sale of vessel			$ 19,307,595	$ 3,128,568
Impairment charges			0		$ 0
Assets held for sale	$ 0		$ 0		38,656,048
Number of vessels first priority mortgaged as collateral to loan facilities \| Vessel	9		9
Number of vessels \| Vessel	10		10
Vessels, net [Abstract]
Carrying value	$ 173,358,856		$ 173,358,856		$ 229,536,996
M/V Magic Moon [Member]
Assets Held for Sale/ Disposal of Vessels [Abstract]
Sale price											$ 11,800,000
Gain of sale of vessel		$ 2,400,000
M/V Magic Orion [Member]
Assets Held for Sale/ Disposal of Vessels [Abstract]
Sale price										$ 17,400,000
Gain of sale of vessel		1,400,000
M/V Magic Venus [Member]
Assets Held for Sale/ Disposal of Vessels [Abstract]
Sale price									$ 17,500,000
Gain of sale of vessel	3,200,000
M/V Magic Nova [Member]
Assets Held for Sale/ Disposal of Vessels [Abstract]
Sale price								$ 16,100,000
Gain of sale of vessel		$ 4,100,000
M/V Magic Horizon [Member]
Assets Held for Sale/ Disposal of Vessels [Abstract]
Sale price								$ 15,800,000
Gain of sale of vessel	4,400,000
M/V Magic Nebula [Member]
Assets Held for Sale/ Disposal of Vessels [Abstract]
Sale price							$ 16,200,000
Gain of sale of vessel	1,800,000
M/V Magic Vela [Member]
Assets Held for Sale/ Disposal of Vessels [Abstract]
Sale price						$ 16,400,000
Gain of sale of vessel	2,000,000
Vessels Mortgaged as Collateral [Member]
Vessels, net [Abstract]
Carrying value	$ 152,800,000		$ 152,800,000