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CONSOLIDATED STATEMENTS OF (LOSS)/INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CONSOLIDATED STATEMENTS OF (LOSS)/INCOME [Abstract]      
Revenue, net $ 11,256 $ 5,309 $ 4,476
Voyage expenses, net (653) (335) (162)
Vessels operating expenses (5,136) (2,377) (1,880)
Management fees (739) (440) (274)
General and administrative expenses (1,083) (345) (18)
Depreciation expense (2,930) (1,130) (680)
Amortization of deferred drydocking costs (535) (512) (357)
Operating profit 180 170 1,105
Interest and finance costs, net (3,812) (452) (3)
Interest income 127 72 56
Loss on equity-linked instruments, net (671) 0 0
Other costs, net (21) 0 (3)
Net (loss) / income (4,197) (210) 1,155
Cumulative dividends on Series A Preferred Shares (2,977) (977) 0
Net (loss) / income attributable to common shareholders $ (7,174) $ (1,187) $ 1,155
(Loss) / earnings per common share, basic (in dollars per share) $ (18.04) $ (304.13) $ 1,155
(Loss) / earnings per common share, diluted (in dollars per share) $ (18.04) $ (304.13) $ 1,155
Weighted average number of shares, basic (in shares) 397,776 3,903 1,000
Weighted average number of shares, diluted (in shares) 397,776 3,903 1,000