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.