XML 19 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Stockholders' Equity - USD ($)
Total
Capital Stock [Member]
Treasury Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive (Loss)/Income [Member]
Beginning balance at Dec. 31, 2019 $ 559,186,640 $ 445,496 $ (24,361,145) $ 502,419,122 $ 82,942,210 $ (2,259,043)
Balance (in shares) at Dec. 31, 2019   44,549,729 (4,965,455)      
Stock repurchase (1,012,235)   $ (1,012,235)      
Stock repurchase (in shares)     (359,792)      
Stock repurchase and cancellation (2,868,695) $ (13,660)   (2,855,035)    
Stock repurchase and cancellation (in shares)   (1,366,045)        
Comprehensive income/(loss) for the year 9,290,705       11,984,485 (2,693,780)
Ending balance at Dec. 31, 2020 564,596,415 $ 431,836 $ (25,373,380) 499,564,087 94,926,695 (4,952,823)
Ending Balance, (in shares) at Dec. 31, 2020   43,183,684 (5,325,247)      
Issuance of restricted shares and stock based compensation $ 610,788 $ 3,438   $ 607,350    
Issuance of restricted shares and stock based compensation (in shares)   343,744        
Distribution of net assets of Imperial Petroleum Inc. to stockholders (Note 1) (57,162,103)     (57,162,103)    
Comprehensive income/(loss) for the year $ (33,274,330)       (35,123,208) 1,848,878
Ending balance at Dec. 31, 2021 474,770,770 $ 435,274 $ (25,373,380) $ 443,009,334 59,803,487 (3,103,945)
Ending Balance, (in shares) at Dec. 31, 2021   43,527,428 (5,325,247)      
Stock based compensation 610,788     610,788    
Comprehensive income/(loss) for the year 42,543,793       34,253,365 8,290,428
Ending balance at Dec. 31, 2022 $ 517,925,351 $ 435,274 $ (25,373,380) $ 443,620,122 $ 94,056,852 $ 5,186,483
Ending Balance, (in shares) at Dec. 31, 2022   43,527,428 (5,325,247)