XML 29 R22.htm IDEA: XBRL DOCUMENT

Subsequent Events	6 Months Ended
Subsequent Events	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).