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Property and Equipment, net | 12 Months Ended
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Dec. 31, 2024
Property and Equipment, net [Abstract] |
Property and Equipment, net | 7. Property and Equipment, net The Company owns the land and building of its principal corporate offices in Athens, Greece and three plots of which two were acquired in 2024 from unaffiliated third parties and one in 2023 from Alpha Sigma Shipping Corp, a related party company, all acquired for corporate purposes. Other assets consist of office furniture and equipment, computer software and hardware and vehicles. The amount reflected in “Property and equipment, net” is analyzed as follows: Property and Equipment Accumulated Depreciation Net Book Value Balance, December 31, 2022 $ 28,936 $ (5,973) $ 22,963 - Additions in property and equipment 2,006 - 2,006 - Depreciation for the year - (687) (687) Balance, December 31, 2023 $ 30,942 $ (6,660) $ 24,282 - Additions in property and equipment 3,718 - 3,718 - Depreciation for the year - (825) (825) Balance, December 31, 2024 $ 34,660 $ (7,485) $ 27,175

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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