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Fixed Assets (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Property, Plant and Equipment [Abstract] |
Property Plant and Equipment Schedule of Significant Acquisitions | The carrying amounts of these vessels, including unamortized drydocking costs, are as follows:
| June 30, |  | December 31,
| 2022 |  | 2021
| (unaudited) |  |
m/v NORDIC ODYSSEY (1) | $ | 21,570,749 |  |  | $ | 22,456,407 |
m/v NORDIC ORION (1) | 22,231,771 |  |  | 23,057,114 |
m/v NORDIC OSHIMA (1) | 24,952,260 |  |  | 25,612,412 |
m/v NORDIC OLYMPIC (1) | 25,305,330 |  |  | 25,982,802 |
m/v NORDIC ODIN (1) | 25,399,937 |  |  | 26,073,841 |
m/v NORDIC OASIS (1) | 26,941,537 |  |  | 27,650,350 |
m/v NORDIC NULUUJAAK (2) (5) | 38,234,130 |  |  | 38,949,402 |
m/v NORDIC QINNGUA (2) (5) | 38,133,232 |  |  | 38,838,142 |
m/v NORDIC SANNGIJUQ (2) (5) | 37,688,843 |  |  | 38,377,457 |
m/v NORDIC SIKU(2) (5) | 38,084,765 |  |  | 38,776,359 |
m/v BULK ENDURANCE | 23,707,705 |  |  | 23,069,545 |
m/v BULK COURAGEOUS (5) | 16,056,284 |  |  | 16,356,730 |
m/v BULK CONCORD (5) | 19,845,938 |  |  | — |
m/v BULK NEWPORT | 10,970,171 |  |  | 11,566,639 |
m/v BULK FREEDOM | 7,950,193 |  |  | 8,476,937 |
m/v BULK PRIDE | 12,867,799 |  |  | 13,560,656 |
m/v BULK SPIRIT (5) | 11,997,224 |  |  | 12,293,336 |
m/v BULK INDEPENDENCE | 13,799,729 |  |  | 13,466,530 |
m/v BULK FRIENDSHIP (5) | 14,101,133 |  |  | 14,526,423 |
m/v BULK VALOR | 17,461,842 |  |  | 17,797,021 |
m/v BULK PROMISE | 17,963,804 |  |  | 18,306,557 |
m/v BULK PANGAEA (3) | — |  |  | 11,802,463 |
MISS NORA G PEARL (4) | 2,491,597 |  |  | 2,714,931 |
| 467,755,973 |  |  | 469,712,054 |
Other fixed assets, net | 2,209,235 |  |  | 2,200,756 |
Total fixed assets, net | $ | 469,965,208 |  |  | $ | 471,912,810 |
Right of Use Assets (5) |  |  |
m/v BULK XAYMACA | $ | 14,220,803 |  |  | $ | 12,661,804 |
m/v BULK DESTINY | 20,335,023 |  |  | 20,074,619 |
m/v BULK TRIDENT | 11,740,835 |  |  | 12,459,336 |
| $ | 46,296,661 |  |  | $ | 45,195,759 |
(1) Vessels are owned by NBHC, a consolidated joint venture in which the Company has a two-third ownership interest at June 30, 2022 and December 31, 2021, respectively. (2) Vessels are owned by NBP, a consolidated joint venture in which the Company has a 50% ownership interest at June 30, 2022 and December 31, 2021. (3) On April 20, 2022, the Company signed a memorandum of agreement to sell the m/v Bulk Pangaea for $8.6 million after brokerage commissions. The Company recorded an impairment charge of $3.0 million and a loss on sale of vessel of 0.3 million, and the vessel was delivered to the buyer on June 23, 2022. (4) Barge is owned by a 50% owned consolidated subsidiary. (5) Refer to Note 7, "Commitments and Contingencies," of our Financial Statements for additional information related to the vessels under finance lease.

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