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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, 2020 | $ 564,596,415 | $ 431,836 | $ (25,373,380) | $ 499,564,087 | $ 94,926,695 | $ (4,952,823)
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) |  |  |
Issuance of restricted shares and stock based compensation | 2,589,406 | $ 15,660 |  | 2,573,746 |  |
Issuance of restricted shares and stock based compensation (in shares) |  | 1,566,000 |  |  |  |
Exercise of stock options | 747,500 | $ 2,500 |  | 745,000 |  |
Exercise of stock options (in shares) |  | 250,000 |  |  |  |
Stock repurchase | $ (19,080,456) |  | $ (19,080,456) |  |  |
Stock repurchase (in shares) | (3,875,855) |  | (3,875,855) |  |  |
Comprehensive income/(loss) for the year | $ 47,482,160 |  |  |  | 51,936,829 | (4,454,669)
Ending balance at Dec. 31, 2023 | $ 549,663,961 | $ 453,434 | $ (44,453,836) | $ 446,938,868 | $ 145,993,681 | $ 731,814
Ending Balance, (in shares) at Dec. 31, 2023 |  | 45,343,428 | (9,201,102) |  |  |

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