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Consolidated statements of operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Total revenues $ 183,725,820 $ 97,019,878 $ 17,362,669
Expenses      
Voyage expenses 60,276,962 32,604,893 3,366,223
Voyage expenses – related party 2,253,979 1,202,449 218,192
Vessels' operating expenses 25,295,851 16,227,636 7,346,527
Vessels' operating expenses – related party 346,583 165,500 86,500
Dry-docking costs 6,551,534 1,890,247 14,380
Management fees – related party 1,606,440 1,045,640 527,425
General and administrative expenses (including $311,676, $296,274 and $400,072 to related party) 4,934,468 1,773,590 614,786
Depreciation 15,629,116 12,290,463 8,674,663
Impairment loss 8,996,023 0 0
Net gain on sale of vessel – related party (8,182,777) 0 0
Total expenses 117,708,179 67,200,418 20,848,696
(Loss)/Income from operations 66,017,641 29,819,460 (3,486,027)
Other (expenses) / income      
Interest and finance costs (1,821,908) (1,610,145) (145,013)
Interest income 4,470,396 1,290,059 980
Interest income-related party 1,363,360 0 0
Dividend income from related party 404,167 0 0
Foreign exchange (loss)/gain 700,346 11,554 (9,919)
Other (expenses)/income, net 5,116,361 (308,532) (153,952)
Net (loss)/income $ 71,134,002 $ 29,510,928 $ (3,639,979)
(Loss)/Earnings per share attributable to common shareholders — basic $ 3.22 $ 2.89 $ (11.87)
(Loss)/Earnings per share attributable to common shareholders — diluted $ 2.93 $ 2.89 $ (11.87)
Weighted average number of shares, basic 18,601,539 8,559,000 318,351
Weighted average number of shares, diluted 22,933,671 8,593,575 318,351