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Subsequent Events | 6 Months Ended
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Jun. 30, 2025
Subsequent Events [Abstract] |
Subsequent Events | 14. Subsequent Events a) Series B Preferred Stock Dividends : On July 15, 2025, the Company paid a quarterly dividend on its series B preferred stock, amounting to $ 0.5546875 per share, or $ 1,442 , to its stockholders of record as of April 14, 2025. b) Delivery of Vessel: On July 15, 2025, m/v Selina was delivered to her new owners, and the Company recognized a gain on sale of approximately $ 2,000 (Note 5). c) Common Stock Dividend: On July 30, 2025, the Company declared a cash dividend on its common stock of $ 0.01 per share, based on the Company’s results of operations during the six months ended June 30, 2025. The cash dividend was paid on September 11, 2025, to all shareholders of record as of August 21, 2025. d) Investment in OceanPal Inc.: On July 28, 2025 OceanPal reported 70,407,833 common shares issued and outstanding following an offering of units completed on July 22, 2025. As a result of this transaction our ownership decreased to 3.29 %. Additionally, on August 25, OceanPal effected a r everse stock split which decreased our shares from 3,649,474 (Note 4) to 145,978 . e) Equity securities : As of September 15, 2025, the Company’s investment in equity securities increased to $ 61,732 , following additional purchases of shares of common stock of the same entity (Note 4).

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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