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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2021
Long-Term Debt [Abstract] |
Long-Term Debt Including Related Party Debt | The amount of long-term debt shown in the accompanying consolidated balance sheet of December 31, 2021, is analyzed as follows:
|  |  | Year Ended |
Loan facilities | Borrowers |  | December 31, 2020 |  |  | December 31, 2021 |
$11.0 Million Term Loan Facility (a) | Spetses- Pikachu |  | $ | 9,400,000 |  |  | $ | 7,800,000 |
$4.5 Million Term Loan Facility (b) | Bistro |  |  | 4,050,000 |  |  |  | 3,450,000 |
$15.29 Million Term Loan Facility (c) | Pocahontas- Jumaru |  |  | — |  |  |  | 13,877,000 |
$18.0 Million Term Loan Facility (d) | Rocket- Gamora |  |  | — |  |  |  | 16,300,000 |
$40.75 Million Term Loan Facility (e) | Liono-Snoopy-Cinderella-Luffy |  |  | — |  |  |  | 39,596,000 |
$23.15 Million Term Loan Facility (f) | Bagheera-Garfield |  |  | — |  |  |  | 22,738,500 |
Total long-term debt |  |  | $ | 13,450,000 |  |  | $ | 103,761,500 |
Less: Deferred financing costs |  |  |  | (264,134 | ) |  |  | (1,720,101 | )
Total long-term debt, net of deferred finance costs |  |  | $ | 13,185,866 |  |  |  | 102,041,399 |
Presented: |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  |  | $ | 2,200,000 |  |  | $ | 16,688,000 |
Less: Current portion of deferred finance costs |  |  |  | (97,963 | ) |  |  | (596,277 | )
Current portion of long-term debt, net of deferred finance costs |  |  | $ | 2,102,037 |  |  | $ | 16,091,723 |
Non-Current portion of long-term debt |  |  |  | 11,250,000 |  |  |  | 87,073,500 |
Less: Non-Current portion of deferred finance costs |  |  |  | (166,171 | ) |  |  | (1,123,824 | )
Non-Current portion of long-term debt, net of deferred finance costs |  |  | $ | 11,083,829 |  |  | $ | 85,949,676 |
Debt instruments from related party |  |  |  |  |  |  |  |  |
$5.0 Million Term Loan Facility (Note 3(b)) | Castor |  |  | 5,000,000 |  |  |  | — |
Total long-term debt from related party, current |  |  | $ | 5,000,000 |  |  | $ | — |
Annual Principal Payments | The annual principal payments for the Company’s outstanding debt arrangements as of December 31, 2021, required to be made after the balance sheet date, are as follows:
Year ending December 31, |  | Amount |
2022 |  | $ | 16,688,000 |
2023 |  |  | 14,743,400 |
2024 |  |  | 16,604,400 |
2025 |  |  | 24,545,400 |
2026 |  |  | 31,180,300 |
Total long-term debt |  | $ | 103,761,500 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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