General and Administrative Expenses

12 Months Ended

Dec. 31, 2024

General and Administrative Expenses [Abstract]

General and Administrative Expenses

21. General and Administrative Expenses:

General and administrative expenses are analyzed as follows:

	Year ended December 31,		Year ended December 31,		Year ended December 31,
	2022		2023		2024
Non-executive directors’ compensation	$	72,000	$	72,000	$	126,000
Audit fees		503,187		249,217		243,618
Professional fees and other expenses		4,368,750		2,261,154		2,709,155
MPC Capital acquisition-related costs (including $4,471,595 to related parties for the year ended December 31, 2024, Note 4(a))		—		—		7,017,535
Administration fees-related party (Note 4(a))		2,100,000		3,099,000		3,247,570
Total	$	7,043,937	$	5,681,371	$	13,343,878