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Advances for Vessel Under Construction and Acquisitions | 12 Months Ended
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Dec. 31, 2021
Property, Plant and Equipment [Abstract] |
Advances for Vessel Under Construction and Acquisitions | 5. Advances for Vessel Under Construction and Acquisitions The amounts shown in the accompanying consolidated balance sheet as of December 31, 2020 mainly represent advance payments to a shipbuilder for one LPG carrier under construction that the Company agreed to acquire in 2019. The vessel, which was named “Eco Blizzard”, was delivered to the Company on February 5, 2021 after the payment of the delivery installment to the shipbuilder amounting to $23,152,125. For the years ended December 31, 2020 and 2021, the movement of the account, advances for vessel under construction and acquisitions was as follows:
Balance, December 31, 2019 |  |  | 2,988,903 |
Advance for vessel under construction |  |  | 2,891,283 |
Capitalized interest |  |  | 168,344 |
Supervision fees (Note 3) |  |  | 210,970 |
Other capitalized expenses |  |  | 279,615 |
Balance, December 31, 2020 |  |  | 6,539,115 |
Advance for vessel under construction |  |  | 23,152,125 |
Supervision fees (Note 3) |  |  | 236,521 |
Commissions - vessels purchased (Note 3) |  |  | 289,347 |
Capitalized interest |  |  | 20,060 |
Other capitalized expenses |  |  | 129,729 |
Transfer to vessels. Net (Note 6) |  |  | (30,366,897 | )
Balance, December 31, 2021 |  |  | — |

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- Definition The entire disclosure for advances for vessels under construction and acquisitions. + References No definition available. + Details
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- References No definition available. + Details
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