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Property, Plant and Equipment, net
12 Months Ended
Dec. 31, 2025
Property and Equipment [Member]  
Vessels, net/Assets held for sale [Abstract]  
Property, Plant and Equipment, net
9.
Property, Plant and Equipment, net

The following table shows the Company’s gross property, plant and equipment by major asset classes as of December 31, 2024 and 2025.

   
Year Ended
 
   
December 31,
2024
   
December 31,
2025
 
Wind turbines
  $
    $ 32,576,826  
Leasehold improvements
 

1,809,400
   

1,914,676
 
Office Furniture
   
116,613
     
105,743
 
Other fixtures and fittings, office equipment
   
68,178
     
61,274
 
Property, plant and equipment, net
 
$
1,994,191
   
$
34,658,519
 

The wind turbines previously classified as held for sale as of December 31, 2024 were reclassified to held and used in December 2025 in the gross amount of $33,748,655.

The wind turbines were not depreciated while classified as held for sale. Following the reclassification, depreciation resumed, and the depreciation relating to the period in which no depreciation had been recognized was recorded as of December 31, 2025 in the amount of $1,159,575. For further information regarding the reclassification see Note 7.

Leasehold improvements mainly relate to the MPC Capital Hamburg office. Total depreciation recognized in the consolidated statement of comprehensive income amounted to $1,503,050 for the year ended December 31, 2025, compared to $34,350 for the period from December 16, 2024 to December 31, 2024.

The following tables reflect the gross carrying amount and accumulated depreciation as of December 31, 2024 and 2025:

    2025
 
   
Gross carrying amount
   
Accumulated depreciation
   
Net Carrying amount
 
Wind turbines
 
$
33,748,655
   
$
(1,171,829
)
 
$
32,576,826
 
Leasehold improvements
   
2,228,502
     
(313,826
)
   
1,914,676
 
Office furniture
   
133,455
     
(27,712
)
   
105,743
 
Other fixtures and fittings, office equipment
   
115,527
     
(54,253
)
   
61,274
 
Property, plant and equipment, net
 
$
36,226,139
   
$
(1,567,620
)
 
$
34,658,519
 

   
2024
 
   
Gross carrying amount
   
Accumulated depreciation
   
Net Carrying amount
 
Leasehold improvements
 
$
1,841,160
   
$
(31,760
)
 
$
1,809,400
 
Office furniture
   
117,595
     
(982
)
   
116,613
 
Other fixtures and fittings, office equipment
   
69,760
     
(1,582
)
   
68,178
 
Property, plant and equipment, net
 
$
2,028,515
    $
(34,324
)
  $
1,994,191