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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Information [Abstract] |
Information about Company's Reportable Segments | The table below presents information about the Company’s reportable segments as of and for the years ended December 31, 2019, and 2020, when the Company had one reportable segment, and for the year ended December 31, 2021, when the Company had more than one reportable segment. The accounting policies followed in the preparation of the reportable segments are the same as those followed in the preparation of the Company’s consolidated financial statements. Segment results are evaluated based on income/ (loss) from operations.
|  | Year ended December 31, |  |  | Year ended December 31, |  |  | Year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | Dry bulk segment |  |  | Dry bulk segment |  |  | Dry bulk segment |  |  | Aframax/LR2 tanker segment |  |  | Handysize tanker segment |  |  | Total |
- Time charter revenues |  | $ | 5,967,772 |  |  | $ | 12,487,692 |  |  | $ | 102,785,442 |  |  | $ | 9,115,257 |  |  | $ | — |  |  | $ | 111,900,699 |
- Voyage charter revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15,002,012 |  |  |  | — |  |  |  | 15,002,012 |
- Pool revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,442,144 |  |  |  | 2,704,855 |  |  |  | 5,146,999 |
Vessel revenues, net |  | $ | 5,967,772 |  |  | $ | 12,487,692 |  |  | $ | 102,785,442 |  |  | $ | 26,559,413 |  |  | $ | 2,704,855 |  |  | $ | 132,049,710 |
Voyage expenses (including charges from related parties) |  |  | (261,179 | ) |  |  | (584,705 | ) |  |  | (1,891,265 | ) |  |  | (11,003,925 | ) |  |  | (55,593 | ) |  |  | (12,950,783 | )
Vessel operating expenses |  |  | (2,802,991 | ) |  |  | (7,447,439 | ) |  |  | (26,841,600 | ) |  |  | (9,776,724 | ) |  |  | (2,585,147 | ) |  |  | (39,203,471 | )
Management fees to related parties |  |  | (212,300 | ) |  |  | (930,500 | ) |  |  | (4,890,900 | ) |  |  | (1,433,950 | ) |  |  | (419,900 | ) |  |  | (6,744,750 | )
Depreciation and amortization |  |  | (897,171 | ) |  |  | (1,904,963 | ) |  |  | (10,528,711 | ) |  |  | (3,087,764 | ) |  |  | (746,353 | ) |  |  | (14,362,828 | )
Provision for doubtful accounts |  |  | — |  |  |  | (37,103 | ) |  |  | (2,483 | ) |  |  | — |  |  |  | — |  |  |  | (2,483 | )
Segments operating income/(loss) (1) |  | $ | 1,794,131 |  |  | $ | 1,582,982 |  |  | $ | 58,630,483 |  |  | $ | 1,257,050 |  |  | $ | (1,102,138 | ) |  | $ | 58,785,395 |
Less: Unallocated corporate general and administrative expenses |  |  | (510,868 | ) |  |  | (1,130,953 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,266,310 | )
Total consolidated operating income/(loss) |  | $ | 1,283,263 |  |  | $ | 452,029 |  |  | $ | 58,630,483 |  |  | $ | 1,257,050 |  |  | $ | (1,102,138 | ) |  | $ | 55,519,085 |
(1) | Does not include unallocated corporate general and administrative expenses amounting to $510,868, $1,130,953 and $3,266,310 in each of the years ended December 31, 2019, 2020 and 2021, respectively.
Reconciliation of Total Segment Assets to Total Assets | A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets of December 31, 2020, and 2021, is as follows:
|  | Year Ended December 31, 2020 |  |  | Year Ended December 31, 2021 |
Dry bulk segment |  | $ | 67,387,635 |  |  | $ | 314,407,704 |
Aframax tanker segment |  |  | — |  |  |  | 104,953,507 |
Handysize tanker segment |  |  | — |  |  |  | 19,093,379 |
Cash and cash equivalents (1) |  |  | 6,882,398 |  |  |  | 23,950,795 |
Prepaid expenses and other assets (1) |  |  | 101,322 |  |  |  | 508,057 |
Total consolidated assets |  | $ | 74,371,355 |  |  | $ | 462,913,442 |
(1) | Refers to assets of other entities (Castor Maritime Inc. and Castor Maritime SCR Corp.) included in the consolidated financial statements.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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