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Property and Equipment, net
 12 Months Ended
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