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Investments in Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Entity Joint Ventures

Details of each of the Company’s joint ventures at December 31, 2023 and 2024 are as follows:


				Proportion of ownership interest held by the Company
Name of joint venture		Principal activity		December 31, 2023				December 31, 2024
Spacegas Inc.		Ownership and operation of the vessel “Gas Defiance” 5			50.1	%			50.1	%
Financial Power Inc.		Ownership and operation of the vessel “Gas Shuriken” 6			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	%			—
MGC Agressive Holdings Inc.		Ownership and operation of the vessels “Eco Evoluzione”2, “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 to Eco Ethereal on April 18, 2023 and was sold to an unrelated party on April 23, 2024.

4	The vessel Eco Sorcerer was delivered to the fleet on October 6, 2023

5	The vessel Gas Defiance was sold to the Company on November 4, 2024 (Note 3)

6	The vessel Gas Shuriken was sold to an unrelated party on January 21, 2025

Schedule of Equity Investment Activity

Below is a table of equity investment activity:


		Year Ended December 31,
		2023				2024
Beginning balance		$	46,632,720			$	39,671,603
Dividends received			(19,278,000	)			(27,577,201	)
Equity earnings			12,316,883				15,622,836

Investments in joint ventures		$	39,671,603			$	27,717,238