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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)