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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Information [Abstract]  
Information about Company's Reportable Segments
The table below presents information about the Company’s reportable segments as of and for the years ended December 31, 2022, 2023 and 2024. The accounting policies followed in the preparation of the reportable segments are the same as those followed in the preparation of the Company’s  consolidated financial statements. Segment results are evaluated based on income from operations.

   
Year ended December 31, 2022
    
Year ended December 31, 2023
    
Year ended December 31, 2024
  
   
Dry bulk
segment
    
Container
ship
segment
    
Total
    
Dry bulk
segment
    
Container
ship
segment
    
Total
    
Dry bulk
segment
    
Container
ship
segment
    
Asset management segment
    
Total
  
- Time charter revenues
  
$
148,930,997
    
$
1,285,133
    
$
150,216,130
    
$
82,996,018
    
$
14,519,493
    
$
97,515,511
      
49,704,809
      
15,364,194
      
—
      
65,069,003
  
- Revenue from services
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
      
1,174,376
      
1,174,376
  
Total revenues
  
$
148,930,997
    
$
1,285,133
    
$
150,216,130
    
$
82,996,018
    
$
14,519,493
    
$
97,515,511
      
49,704,809
      
15,364,194
      
1,174,376
      
66,243,379
  
Voyage expenses (including charges from related party)
    
(3,649,944
)
    
(71,333
)
    
(3,721,277
)
    
(4,425,879
)
    
(626,349
)
    
(5,052,228
)
    
(3,142,501
)
    
(1,106,355
)
    
—
      
(4,248,856
)
Vessel operating expenses
    
(40,697,898
)
    
(561,656
)
    
(41,259,554
)
    
(36,876,772
)
    
(5,036,856
)
    
(41,913,628
)
    
(21,531,189
)
    
(4,657,584
)
    
—
      
(26,188,773
)
Cost of revenue from services (exclusive of depreciation and amortization shown separately below)
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
      
(1,117,476
)
    
(1,117,476
)
Management fees to related parties
    
(6,481,000
)
    
(81,400
)
    
(6,562,400
)
    
(6,469,699
)
    
(697,698
)
    
(7,167,397
)
    
(3,956,453
)
    
(852,149
)
    
—
      
(4,808,602
)
Depreciation and amortization
    
(18,039,966
)
    
(495,271
)
    
(18,535,237
)
    
(16,689,989
)
    
(5,386,842
)
    
(22,076,831
)
    
(9,593,639
)
    
(5,330,681
)
    
(112,686
)
    
(15,037,006
)
Provision for doubtful accounts
    
—
      
—
      
—
      
—
      
—
      
—
      
(4,823
)
    
—
      
—
      
(4,823
)
Net gain on sale of vessels
    
—
      
—
      
—
      
6,383,858
      
—
      
6,383,858
      
19,298,394
      
—
      
—
      
19,298,394
  
Loss on vessels held for sale
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
(3,629,521
)
    
—
      
(3,629,521
)
Gain from a claim
    
—
      
—
      
—
      
—
      
—
      
—
      
1,418,096
      
—
      
—
      
1,418,096
  
Net gain on disposal
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
      
158,440
      
158,440
  
Net gain from equity method investments measured at fair value
    
—
      
—
      
—
      
—
      
—
      
—
      
—
      
—
      
2,687,236
      
2,687,236
  
Segments operating income/(loss)
  
$
80,062,189
    
$
75,473
    
$
80,137,662
    
$
24,917,537
    
$
2,771,748
    
$
27,689,285
      
32,192,694
      
(212,096
)
    
2,789,890
      
34,770,488
  
Interest and finance costs
                    
(7,642,577
)
                    
(10,883,521
)
                            
(4,636,880
)
Interest income
                    
1,282,756
                      
2,631,798
                              
4,098,120
  
Foreign exchange (losses)/gains
                    
105,314
                      
(84,127
)
                            
9,131
  
Less: Unallocated corporate general and administrative expenses
                    
(7,043,937
)
                    
(5,681,371
)
                            
(13,343,878
)
Less: Corporate Interest and finance costs
                    
(38,905
)
                    
(376,122
)
                            
(1,449,475
)
Less: Corporate Interest income
                    
72,735
                      
578,088
                              
2,784,599
  
Less: Corporate exchange (losses)/ gains
                    
4,568
                      
(8,618
)
                            
(170,273
)
Dividend income on equity securities
                    
24,528
                      
1,312,222
                              
6,692,418
  
Dividend income from related party
                    
—
                      
1,166,667
                              
1,423,332
  
Gains / (losses) on equity securities
                    
27,450
                      
5,136,649
                              
(14,738,660
)
Net income from continuing operations, before taxes
                  
$
66,929,594
                    
$
21,480,950
                              
15,438,922
  
Net income from discontinued operations, before taxes
                    
52,979,946
                      
17,513,269
                              
—
  
Net income, before taxes
                    
119,909,540
                      
38,994,219
                              
15,438,922
  
Reconciliation of Total Segment Assets to Total Assets
A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets of December 31, 2023 and 2024, is as follows:

   
As of
December 31,
2023
    
As of
December 31,
2024
  
Dry bulk segment
  
$
259,759,770
    
$
194,561,173
  
Containership segment     46,202,603       54,030,862  
Asset management segment
     —       308,393,047  
Cash and cash equivalents (1)
    
103,822,505
      
53,677,612
  
Prepaid expenses and other assets (1)
    
195,257,101
      
186,714,227
  
Total consolidated assets
  
$
605,041,979
    
$
797,376,921
  

(1)
Refers to assets of other, non-vessel owning, entities included in the consolidated financial statements.