XML 71 R49.htm IDEA: XBRL DOCUMENT v3.24.0.1
Transactions with Related Parties (Details Narrative)
2 Months Ended 6 Months Ended 7 Months Ended 8 Months Ended 9 Months Ended 11 Months Ended 12 Months Ended
Feb. 14, 2022
USD ($)
Mar. 02, 2021
USD ($)
$ / shares
shares
Feb. 28, 2021
USD ($)
Jun. 30, 2022
EUR (€)
Jul. 15, 2021
USD ($)
Jun. 22, 2020
shares
Aug. 05, 2021
EUR (€)
Aug. 18, 2016
EUR (€)
Sep. 30, 2021
USD ($)
Dec. 03, 2020
EUR (€)
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2016
USD ($)
Dec. 31, 2016
EUR (€)
Dec. 03, 2020
USD ($)
Disclosure of transactions between related parties [line items]                                
Credit adjustment of finance cost                     $ (0) $ 40,000 $ (0)      
Depreciation, right-of-use assets                     311,000 327,000 206,000      
Interest expense on lease liabilities                     28,000 54,000 52,000      
Payment of lease liability - principal and Interest Paid                     339,000 341,000 314,000      
Consulting Fees Expense                     $ 275,000 $ 271,000 $ 329,000      
Increase (decrease) in number of shares outstanding | shares           342,857                    
Par value per share | $ / shares                         $ 0.004      
Voting Rights                       Holders of the Company’s common shares and Class B common shares have equivalent economic rights, but holders of Company’s common shares are entitled to one vote per share and holders of the Company’s Class B common shares are entitled to twenty votes per share.        
Series B Preferred Shares [member]                                
Disclosure of transactions between related parties [line items]                                
Par value per share | $ / shares                     $ 0.001 $ 0.001 $ 0.001      
Goldenmare Limited [member]                                
Disclosure of transactions between related parties [line items]                                
Consulting Fees Expense               € 200,000   € 400,000 $ 432,000 $ 1,172,000 $ 1,216,000      
Amount of one-time cash bonus                         $ 1,500,000     $ 1,500,000
One time cash bonus payment     $ 1,000,000                          
Remaining of one time cash bonus payment                 $ 500,000              
Goldenmare Limited [member] | Series B Preferred Shares [member]                                
Disclosure of transactions between related parties [line items]                                
Increase (decrease) in number of shares outstanding | shares   10,000                            
Par value per share | $ / shares   $ 0.001                            
Issue of preferred shares   $ 130,000                            
Number of shares in entity held by entity or by its subsidiaries or associates | shares                     10,300 10,300        
Voting Rights                     Each Series B preferred share has 25,000 votes, provided that no holder of Series B preferred shares may exercise voting rights pursuant to Series B preferred shares that would result in the aggregate voting power of the beneficial owner of any such holder of Series B preferred shares, together with its affiliates, exceeding 49.99% of the total number of votes eligible to be cast on any matter submitted to a vote of shareholders. Except as otherwise provided by applicable law, holders of the Company’s Series B preferred shares and the Company’s common shares vote together as a single class on all matters submitted to a vote of shareholders, including the election of directors. Athanasios Feidakis has substantial control and influence over the Company’s management and affairs and over matters requiring shareholder approval, including the election of directors and significant corporate transactions, through his ability to direct the vote of such Series B preferred shares.          
Chairman of the Board of Directors [member]                                
Disclosure of transactions between related parties [line items]                                
Proportion Of Ownership Interests Held By Controlling Party                     24.90% 3.70% 3.70%      
Eolos Shipmanagement S.A [member] | Daily rate [member]                                
Disclosure of transactions between related parties [line items]                                
Consulting Fees Expense         $ 1,000                      
Non-Executive Directors [member]                                
Disclosure of transactions between related parties [line items]                                
Annual Service Fee $ 80,000                              
Accrued Directors Compensation                     $ 60,000 $ 60,000        
Executive Director [member]                                
Disclosure of transactions between related parties [line items]                                
Accrued Directors Compensation                     $ 77,000 2,088,000        
Cyberonica S.A. [member]                                
Disclosure of transactions between related parties [line items]                                
Monthly Rental Expense             € 26,000             $ 11,900 € 10,360,000  
Lease expiration date                     Aug. 04, 2024          
Credit adjustment of finance cost                     $ 40,000          
Leases as lessee, related party transactions                         $ 242,000      
F.G. Europe [member]                                
Disclosure of transactions between related parties [line items]                                
Monthly Rental Expense | €       € 26,000                        
Lease expiration date                     Aug. 04, 2024          
Leases as lessee, related party transactions                     $ 349,000          
Rent charged 2022 | Cyberonica and F.G. Europe [member]                                
Disclosure of transactions between related parties [line items]                                
Leases as lessee, related party transactions                       $ 341,000