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Note 5 - Vessels, Net (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Property, Plant and Equipment [Table Text Block]

		Cost				Accumulated Depreciation				Net Book Value
Balance, January 1, 2022			201,187,677				(25,076,191	)			176,111,486
- Depreciation for the year			-				(18,522,217	)			(18,522,217	)
- Vessel held for sale			(11,494,650	)			2,995,781				(8,498,869	)
- Vessel acquisitions and improvements			67,480,026				-				67,480,026
Balance, December 31, 2022			257,173,053				(40,602,627	)			216,570,426
- Depreciation for the year			-				(22,835,469	)			(22,835,469	)
- Vessel impairment			(18,442,104	)			4,609,388				(13,832,716	)
- Newbuilding vessels “Gregos” & "Terataki" delivered during the year			84,902,861				-				84,902,861
- Vessel acquisitions and improvements			2,821,053				-				2,821,053
Balance, December 31, 2023			326,454,863				(58,828,708	)			267,626,155

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

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- References

No definition available.

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