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Vessels, net (Tables)
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Summary of Vessels, Net
The amounts shown in the accompanying consolidated balance sheets are analyzed as follows:
 
    
Vessel

cost
     
Accumulated

Depreciation
     
Net Book

Value
  
Balance, December 31, 2022
   
 
828,019,413
 
   
 
(199,540,960
) 
   
 
628,478,453
 
  
 
 
     
 
 
     
 
 
  
Impairment loss
      (15,722,992 )       12,906,119        (2,816,873 ) 
Disposals
      (78,933,759 )      15,908,259        (63,025,500 ) 
Transfer to Assets held for sale
      (34,633,200 )       —         (34,633,200 ) 
Depreciation for the year
      —         (23,707,797 )       (23,707,797 ) 
  
 
 
     
 
 
     
 
 
  
Balance, December 31, 2023
   
 
698,729,462
 
   
 
(194,434,379
) 
   
 
504,295,083
 
  
 
 
     
 
 
     
 
 
  
Additions
      129,996,020        —         129,996,020  
  
 
 
     
 
 
     
 
 
  
Depreciation for the year
      —         (26,076,687 )       (26,076,687 ) 
  
 
 
     
 
 
     
 
 
  
Balance, December 31, 2024
   
 
828,725,482
 
   
 
(220,511,066
) 
   
 
608,214,416