XML 42 R30.htm IDEA: XBRL DOCUMENT v3.23.1

Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2022

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		2020				2021				2022
Management fees	Management fees – related party			5,599,351				5,831,900				5,242,990
Brokerage commissions	Voyage expenses – related party			1,799,209				1,867,100				1,871,071
Superintendent fees	Vessels’ operating expenses – related party			38,000				117,000				120,000
Crew management fees	Vessels’ operating expenses – related party			912,500				948,750				915,450
Commissions – vessels sold	Net loss on sale of vessels			54,000				81,000				120,250
Commissions – assets held for sale	Impairment loss			—				125,000				108,000
Executive compensation	General and administrative expenses			994,840				1,028,386				924,503
Rental expense	General and administrative expenses			90,121				97,726				88,326

				December 31,
		Location in balance sheet		2021				2022
Commissions – vessels purchased		Vessels, net			289,347				—
Supervision fees		Advances for vessel under construction/Vessels, net			236,521				—

X

- References

No definition available.

+ Details

Name:	us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration