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Financial Instruments and Fair Value Disclosures (Tables) | 12 Months Ended
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Dec. 31, 2024
Financial Instruments and Fair Value Disclosures [Abstract] |
Schedule of Company's Charter Revenues | Charterer 2024 2023 2022 Cargill International SA * 13% 19% Koch Shipping PTE LTD. Singapore * * 15% Nippon Yusen Kaisha 11% * * *Less than 10%
Schedule of Other Fair Value Measurements | December 31, 2023 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) Assets Recurring fair value measurements Investments in equity securities $ 20,729 $ 20,729 $ $ Investments in related party 8,315 8,138 177 Interest rate swap, asset 129 129 Total recurring fair value measurements $ 29,173 $ 28,867 $ 129 $ 177 Non-recurring fair value measurements Equity method investments(1) $ 4,519 $ $ 4,519 Long-lived assets held for use(2) 7,809 7,809 Total non-recurring fair value measurements $ 12,328 $ 7,809 $ 4,519 Liabilities Recurring fair value measurements Warrant liability $ 6,332 $ 6,332 $ Interest rate swap, liability 568 568 Total recurring fair value measurements $ 6,900 $ 6,332 $ 568 December 31, 2024 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) Assets Recurring fair value measurements Investments in related party $ 4,415 $ 4,235 $ - $ 180 Total recurring fair value measurements $ 4,415 $ 4,235 $ - $ 180 Liabilities Recurring fair value measurements Warrant liability $ 1,802 $ 1,802 $ - Interest rate swap, liability 165 165 Total recurring fair value measurements $ 1,967 $ 1,802 $ 165 On April 28, 2023, the Company estimated that the fair value of its 25 % interest in Bergen was $ 4,519 , determined through the Level 2 inputs of the fair value hierarchy, as defined in FASB guidance for Fair Value Measurements, and recorded a gain of $ 844 , being the difference between the fair value of the retained noncontrolling interest plus the carrying value the liabilities assumed by Bergen and the carrying value of the assets derecognized (Note 3(e)). (2) On January 30, 2023. the Company took delivery of one vessel under its master agreement with Sea Trade, acquired for $ 23,955 which was paid in cash and $ 7,809 which was paid through newly issued common stock (Note 6). The fair value of the common shares issued to Sea Trade was determined based on the closing price of the Company’s shares on the date of delivery of each vessel, which was also the date of issuance of such shares.

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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