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Deferred Charges, net
12 Months Ended
Dec. 31, 2024
Deferred Charges, net [Abstract]  
Deferred Charges, net
5.
Deferred Charges, net:
 
The movement in deferred dry-docking costs, net in the accompanying consolidated balance sheets is as follows:
 
   
Dry-docking costs
 
Balance December 31, 2022
 
$
5,357,816
 
Additions
   
1,117,797
 
Amortization
   
(2,174,428
)
Transfer to Assets held for sale (Note 7(b))
   
(405,048
)
Disposals
   
(664,676
)
Balance December 31, 2023
 
$
3,231,461
 
Additions     1,556,902  
Amortization
    (1,363,517 )
Transfer to Assets held for sale (Note 7(b))
    (460,930 )
Disposals     (758,372 )
Balance December 31, 2024
  $ 2,205,544  

During the years ended December 31, 2023 and 2024, one of the Company’s container vessels (the M/V Ariana A) and one of the Company’s dry bulk carrier vessels (the M/V Magic Mars) concluded scheduled dry-docking repairs, respectively.