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Secured Long-term Debt (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
Long-term debt consists of the following:  
December 31, 2023December 31, 2022
Interest Rate (%) (1)
Maturity Date
Bulk Nordic Odyssey (MI) Corp., Bulk Nordic Orion (MI) Corp. Senior Secured Term Loan Facility (2) (3)
$12,512,080 $14,395,409 2.95 %December 2027
Bulk Nordic Oshima (MI) Corp., Bulk Nordic Odin (MI) Corp., Bulk Nordic Olympic (MI) Corp., Bulk Nordic Oasis (MI) Corp. Secured Term Loan Facility (2) (3)
39,800,000 44,600,000 3.38 %June 2027
The Amended Senior Facility - Dated May 13, 2019 (formerly The Amended Senior Facility - Dated December 21, 2017) (4)
–Bulk Nordic Six Ltd. - Tranche A (2)
9,033,325 10,099,993 4.39 %May 2024
–Bulk Nordic Six Ltd. - Tranche B
— 2,070,000 — %Paid in full in January 10, 2023
–Bulk Pride - Tranche C (2)
1,900,000 3,000,000 5.39 %May 2024
–Bulk Independence - Tranche E (2)
9,500,000 10,500,000 3.54 %May 2024
Bulk Valor Corp. Loan and Security Agreement (2)
10,087,642 11,424,507 3.29 %June 2028
Bulk Promise Corp. (2)
9,685,334 11,069,630 5.45 %October 2027
Bulk Sachuest (2)
7,733,094 8,500,000 6.19 %October 2029
109 Long Wharf Commercial Term Loan— 374,466 — %Paid in full in January 24, 2023
Total$100,251,475 $116,034,005 
Less: unamortized bank fees (5)
(1,053,440)(1,431,736)
$99,198,035 $114,602,269 
Less: current portion(30,751,726)(15,782,530)
Secured long-term debt, net$68,446,309 $98,819,739 

(1)As of December 31, 2023.
(2)Interest rates on the loan facilities are fixed.
(3)The borrowers under this facility are owned by NBHC. The Company has two-third's ownership interest and STST has one-third ownership interest in NBHC. NBHC is consolidated in accordance with ASC 810-10 and as such, amounts pertaining to the non-controlling ownership held by the third parties in the financial position of NBHC are reported as non-controlling interest in the accompanying balance sheets.
(4)This facility is cross-collateralized by the vessels m/v Bulk Endurance, m/v Bulk Pride, and m/v Bulk Independence and is guaranteed by the Company.
(5)A portion of unamortized debt issuance costs were reclassified as a reduction of the finance leases liabilities. Refer to Note 10 "Finance Leases" for additional information.
Schedule of Maturities of Long-Term Debt
The future minimum annual payments under the debt agreements are as follows: 
 Years ending December 31,
2024$30,751,726 
202510,476,019 
202610,638,024 
202739,955,014 
20285,322,454 
Thereafter3,108,240 
 $100,251,477