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Consolidated Statement of Operations - USD ($)
$ in Thousands
11 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2024
Dec. 31, 2023
Statement of Operations [Abstract]      
Vessel revenue, net $ 22,784 $ 45,439 $ 36,067
Address Commissions   1,761 1,113
Expenses:      
Voyage expenses (5,245) (1,771) (3,107)
Vessel operating expenses (5,179) (19,745) (20,338)
Management fees (241) (522) (545)
Management fees - related party (285) (1,741) (1,421)
General and administration expenses (5,524) (4,010) (6,018)
Depreciation and amortization (1,903) (9,713) (9,078)
Amortization of deferred dry-docking costs 0 (3,717) (285)
Impairment loss 0 (828) 0
Gain on sale of vessels, net 36,095 1,426 11,804
Operating income 40,502 4,818 7,079
Other income / (expenses), net:      
Interest and finance costs (2,452) (8,416) (7,183)
Loss on extinguishment of debt (593) (397) (85)
Interest income 13 314 430
Loss on equity method investment 0 (142) 0
Other income 26 311 112
Foreign currency exchange losses, net (6) 129 (132)
Total other expenses, net (3,012) (8,201) (6,858)
Net (loss) / income 37,490 (3,383) 221
Dividends on Series C preferred shares (743) 0 0
Dividends to non-vested participating securities (667) 0 (95)
Undistributed earnings to non-vested participating securities (994) 0 0
Net (loss) / income attributable to common stockholders $ 35,086 $ (3,383) $ 126
Net (loss) / income per common share, basic (in dollars per share) $ 7.79 $ (0.39) $ 0.02
Net (loss) / income per common share, diluted (in dollars per share) $ 4.92 $ (0.39) $ 0.02
Weighted average common shares outstanding, basic (in shares) 4,503,397 8,711,951 8,359,487
Weighted average common shares outstanding, diluted (in shares) 7,299,561 8,711,951 8,359,487