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Financial Instruments and Fair Value Disclosures (Tables)
12 Months Ended
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.