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Leases - The Company as Lessee (Tables)
12 Months Ended
Dec. 31, 2023
Time charterin contracts [Abstract]  
Schedule of operating leases
Operating lease
right-of-use
assets and lease liabilities as of December 31, 2022 and 2023 as follows:
 
Description
  
Location in balance sheet
  
December 31, 2022
 
  
December 31, 2023
 
Non current assets:
        
Office leases
   Operating lease
right-of-use
assets
     —      
$

99,379  
     
 
 
    
 
 
 
        —      
$

99,379  
     
 
 
    
 
 
 
Liabilities:
        
Office leases
   Current portion of operating lease liabilities      —      
$

71,173  
     
 
 
    
 
 
 
Lease liabilities – current portion
        —      
$
71,173  
Office leases
   Non-Current portion of operating lease liabilities      —       $ 28,206  
 
  
 
  
 
 
 
  
 
 
 
Lease liabilities – non-current portion
          —       $ 28,206  
 
  
 
  
 
 
 
  
 
 
 
Schedule of company's lease expenses
The table below presents the components of the Company’s lease expenses:
 
Description
  
Location in statement of operations
  
2021
    
2022
    
2023
 
Lease expense for office leases
   General and administrative expenses      97,726        88,326        104,167  
     
 
 
    
 
 
    
 
 
 
Schedule of total amount of lease payments on an undiscounted basis
The table below provides the total amount of lease payments on an undiscounted basis on our office lease greater than 12 months as of December 31, 2023:
 
Year
  
Office leases
 
 
Total Operating leases
 
Discount rate
  
 
5.6
 
 
5.6
2023 (undiscounted lease payments)
  
$
107,520
 
 
$
107,520
 
Present value of lease liability
  
 
99,379
 
 
 
99,379
 
Lease liabilities - short term
  
 
71,173
 
 
 
71,173
 
Lease liabilities - long term
  
 
28,206
 
 
 
28,206
 
Total lease liabilities
  
 
99,379
 
 
 
99,379
 
Discount based on incremental borrowing rate (Difference between undiscounted lease payments and present value of lease liability)
  
$
8,141
 
 
$
8,141