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Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2022

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

Amounts and notes payable to related parties consist of the following:

			December 31, 2021						Activity						June 30, 2022
															(unaudited)
Included in accounts payable, accrued expenses and other current liabilities on the consolidated balance sheets:
Affiliated companies (trade payables) (i)			$	2,847,910					77,384						$	2,925,294
Commissions payable (trade payables) (ii)			$	38,896					109,144						$	148,040
Included in current related party debt on the consolidated balance sheets:
Interest payable - 2011 Founders Note			242,852						(242,852)						—
Total current related party debt			$	242,852					$	(242,852)					$	—

i.Seamar Management S.A. ("Seamar")

ii.Phoenix Bulk Carriers (Brasil) Intermediacoes Maritimas Ltda. - a wholly-owned Company of a member of the Board of Directors

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- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

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