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COMBINED CARVE-OUT BALANCE SHEET (Predecessor)
Dec. 31, 2020
USD ($)
OceanPal Inc. Predecessors [Member]  
CURRENT ASSETS:  
Cash and cash equivalents (Note 2(e)) $ 39,638
Accounts receivable, trade (Note 2(f)) 1,035,069
Due from a related party 1,169,637
Inventories (Note 2(g)) 181,973
Insurance claims (Note 2(h)) 941,488
Prepaid expenses 869,662
Total current assets 4,237,467
FIXED ASSETS:  
Vessels, net (Note 4) 32,249,299
Total fixed assets 32,249,299
OTHER NON-CURRENT ASSETS:  
Deferred charges, net (Notes 2(m) and 4) 701,773
Total assets 37,188,539
CURRENT LIABILITIES:  
Accounts payable, trade and other 133,566
Due to a related party 115,280
Accrued liabilities 1,637,623
Total current liabilities 1,886,469
Commitments and contingencies (Note 5)
PARENT EQUITY:  
Parent investment, net (Note 6) 144,274,678
Accumulated deficit (108,972,608)
Total stockholders' equity 35,302,070
Total liabilities and stockholders' equity $ 37,188,539