Long-term debt- related party (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Company's related party long-term debt

The Company’s related party long-term debt consists of the following (in thousands):

	December 31, 2024			December 31, 2023
Exquisite Vessel Financing	$	170,895		$	180,029
Less current portion		(8,943	)		(8,336	)
Total long-term related party debt	$	161,952		$	171,693

Schedule of principal payments on related party long-term debt

Principal payments on related party long-term debt outstanding as of December 31, 2024 are as follows (in thousands):

2025	$	8,943
2026		10,521
2027		11,364
2028		12,339
2029		13,263
Thereafter		54,465
Total payments	$	110,895
Residual value for Exquisite Vessel Financing		60,000
Total debt – related party	$	170,895