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Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2021

Related Party Transactions [Abstract]

Summary of Charged By Our Related Parties

The amounts charged by the Company’s related parties comprised the following:


				Year ended December 31,
		Location in statement of operations		2019				2020				2021
Management fees		Management fees – related party			5,730,910				5,599,351				5,831,900
Brokerage commissions		Voyage expenses – related party			1,788,543				1,799,209				1,867,100
Superintendent fees		Vessels’ operating expenses – related party			104,000				38,000				117,000
Crew management fees		Vessels’ operating expenses – related party			862,500				912,500				948,750
Commissions - vessels sold		Net loss on sale of vessels			109,000				54,000				81,000
Commissions - vessel held for sale		Impairment loss			—				—				125,000
Executive compensation		General and administrative expenses			1,118,491				994,840				1,028,386
Rental expense		General and administrative expenses			87,192				90,121				97,726


				December 31,
		Location in balance sheet		2019				2020				2021
Commissions - vessels purchased		Vessels, net			—				435,000				289,347
Supervision fees		Advances for vessel under construction/Vessels, net			—				210,970				236,521