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Revenues (Tables)
12 Months Ended
Dec. 31, 2025
Revenues [Abstract]  
Vessel Revenues

The following table includes the vessel revenues earned by the Company in each of the years ended December 31, 2023, 2024 and 2025, as presented in the accompanying consolidated statements of comprehensive income:



Year ended
December 31,
 
Year ended
December 31,
 
Year ended
December 31,
 
 
2023
 
2024
 
2025
 
Time charter revenues
   
97,515,511
     
65,069,003
     
42,180,126
 
Pool revenues
                4,060,766  
Total Vessel revenues
 
$
97,515,511
   
$
65,069,003
   
$
46,240,892
 

The following table represents a disaggregation of revenue from contracts with customers by type of service:


 
Year ended
December 31, 2024(1)
   
Year ended
December 31,
  2025
 
Ship Management
 
$
838,809
  $
15,892,543  
Management Services
   
309,259
    9,072,952  
Transaction Services
   
212
    7,284,296  
Other Revenue
   
26,096
    3,323,722  
Total Revenue from services
 
$
1,174,376
  $ 35,573,513  
Geographical Disaggregation of Revenue
The following table represents a geographical disaggregation of revenue:


 
Year ended
December 31, 2024(1)
   
Year ended
December 31,
2025
 
Germany
 
$
850,942
  $
27,248,342  
The Netherlands
   
102,799
    2,092,239  
China (Hong Kong)
   
112,528
    4,008,223  
Singapore
   
39,121
    1,009,340  
Panama
    67,174     1,169,968  
Colombia
    1,812     45,401  
Total revenue from services
 
$
1,174,376
  $
35,573,513  

(1)
Results for the year ended December 31, 2024 reflect data for the period from the acquisition of MPC Capital on December 16, 2024, through December 31, 2024.