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Investments in Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Entity Joint Ventures | Details of each of the Company’s joint ventures at December 31, 2022 and 2023 are as follows:
|  |  |  | Proportion of ownership interest held by the Company |
Name of joint venture |  | Principal activity |  | December 31, 2022 |  |  | December 31, 2023 |
Spacegas Inc. |  | Ownership and operation of the vessel “Gas Defiance” |  |  | 50.1 | % |  |  | 50.1 | %
Financial Power Inc. |  | Ownership and operation of the vessel “Gas Shuriken” |  |  | 50.1 | % |  |  | 50.1 | %
Cannes View Inc |  | Ownership and operation of the vessel “Gas Haralambos” |  |  | 50.1 | % |  |  | 50.1 | %
Colorado Oil and Gas Inc. |  | Ownership and operation of the vessel “Eco Lucidity” |  |  | 50.1 | % |  |  | 50.1 | %
Frost Investments Corp. Inc. |  | Ownership and operation of the vessel “Eco Nebula” 1 |  |  | 50.1 | % |  |  | 50.1 | %
MGC Agressive Holdings Inc. |  | Ownership and operation of the vessels “Eco Evoluzione”* 2 and “Eco Etheral” 3 and “Eco Sorcerer” 4 |  |  | 51.0 | % |  |  | 51.0 | %
1 | The vessel Eco Nebula was sold to an unrelated party on August 9, 2022
2 | The vessel Eco Evoluzione was sold to an unrelated party on March 29, 2023
3 | The vessel Gaschem Bremen was renamed Eco Ethereal on April 18, 2023
4 | The vessel Eco Sorcerer was delivered to the fleet on October 6, 2023
Schedule of Equity Investment Activity | Below is a table of equity investment activity:
|  | Year Ended December 31, |
|  | 2022 |  |  | 2023 |
Beginning balance |  | $ | 53,323,032 |  |  | $ | 46,632,720 |
Dividends received |  |  | (17,552,999 | ) |  |  | (19,278,000 | )
Equity earnings |  |  | 10,862,687 |  |  |  | 12,316,883 |
Investments in joint ventures |  | $ | 46,632,720 |  |  | $ | 39,671,603 |

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