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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND MEZZANINE EQUITY - USD ($)
Common Shares [Member]
Preferred Shares [Member]
Series B Preferred Shares [Member]
Par Value of Shares Issued [Member]
Additional Paid-in Capital [Member]
Due from Shareholders [Member]
Retained Earnings [Member]
Total
Series D Preferred Shares [Member]
Balance at Dec. 31, 2022     $ 9,473 $ 303,743,302 $ 0 $ 157,742,285 $ 461,495,060  
Balance (in shares) at Dec. 31, 2022 9,460,976 12,000            
Increase (Decrease) in Shareholders' Equity [Roll Forward]                
Distribution of net assets of Toro Corp. to shareholders (Note 1)     0 (37,919,432) 0 0 (37,919,432)  
Issuance of common shares pursuant to the ATM Program (Note 10)     188 698,375 (38,475) 0 660,088  
Issuance of common shares pursuant to the ATM Program (Note 10) (in shares) 187,988 0            
Net income and comprehensive income     0 0 0 19,016,085 19,016,085  
Balance at Jun. 30, 2023     9,661 266,522,245 (38,475) 176,758,370 443,251,801  
Balance (in shares) at Jun. 30, 2023 9,648,964 12,000            
Balance at Dec. 31, 2023     9,674 266,447,819 0 194,722,759 461,180,252  
Balance (in shares) at Dec. 31, 2023 9,662,354 12,000            
Increase (Decrease) in Shareholders' Equity [Roll Forward]                
Dividend on Series D Preferred Shares     0 0 0 (1,263,889) (1,263,889)  
Deemed dividend on Preferred Shares     0 0 0 (249,515) (249,515)  
Warrants repurchase (Note 10)     0 (1,058,481) 0 0 (1,058,481)  
Net income and comprehensive income     0 0 0 45,185,357 45,185,357  
Balance at Jun. 30, 2024     $ 9,674 $ 265,389,338 $ 0 $ 238,394,712 503,793,724  
Balance (in shares) at Jun. 30, 2024 9,662,354 12,000            
Beginning balance at Dec. 31, 2023             49,549,489  
Beginning balance (in shares) at Dec. 31, 2023               50,000
Increase (Decrease) in Temporary Equity [Roll Forward]                
Deemed dividend on Series D Preferred Shares             249,515  
Ending balance at Jun. 30, 2024             $ 49,799,004 $ 49,799,004
Ending balance (in shares) at Jun. 30, 2024               50,000