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Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($)
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Time charter revenue $ 97,448,528 $ 33,973,743
Commissions (including $338,985 and $1,218,107, respectively, to related party) (3,595,381) (1,373,981)
Net revenue 93,853,147 32,599,762
Operating expenses / (income)    
Voyage expenses 551,286 277,982
Vessel operating expenses (including $108,995 and $181,434, respectively, to related party) 17,830,465 13,802,119
Dry-docking expenses 2,502,744 229,384
Vessel depreciation 7,827,654 3,193,086
Related party management fees 2,345,944 2,148,221
Other operating (income) /expenses 350,000 (1,296,496)
General and administrative expenses (including $1,000,000 to related party) 1,960,481 1,500,651
Loss on sale of vessel 0 9,417
Total operating expenses, net 33,368,574 19,864,364
Operating income 60,484,573 12,735,398
Other income/(expenses)    
Interest and other financing costs (including $50,000 and nil, respectively, to related party) (2,146,602) (1,381,667)
Gain on derivatives, net 2,309,904 388,145
Foreign exchange (loss) / gain 37,314 (7,504)
Interest income 947 1,954
Other (expenses) / income, net 201,563 (999,072)
Net income 60,686,136 11,736,326
Dividends to Series B Preferred shares 0 (255,324)
Preferred deemed dividend 0 (345,423)
Net income attributable to common shareholders $ 60,686,136 $ 11,135,579
Earnings per share attributable to common shareholders, basic (in dollars per share) $ 8.40 $ 1.65
Weighted average number of shares outstanding during the period, basic (in shares) 7,223,189 6,745,305
Earnings per share attributable to common shareholders, diluted (in dollars per share) $ 8.36 $ 1.64
Weighted average number of shares outstanding during the period, diluted (in shares) 7,256,434 6,789,718