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Vessels, net/ Advances for vessel acquisition (Tables) | 12 Months Ended
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Dec. 31, 2021
Vessels, net/ Advances for vessel acquisition [Abstract] |
Vessels, Net | The amounts in the accompanying consolidated balance sheets are analyzed as follows:
|  | Vessel Cost |  |  | Accumulated depreciation |  |  | Net Book Value |
Balance December 31, 2019 |  |  | 24,810,061 |  |  |  | (1,110,032 | ) |  |  | 23,700,029 |
— Acquisitions, improvements, and other vessel costs |  |  | 36,096,033 |  |  |  | — |  |  |  | 36,096,033 |
— Period depreciation |  |  | — |  |  |  | (1,750,434 | ) |  |  | (1,750,434 | )
Balance December 31, 2020 |  |  | 60,906,094 |  |  |  | (2,860,466 | ) |  |  | 58,045,628 |
— Acquisitions, improvements, and other vessel costs |  |  | 299,460,599 |  |  |  | — |  |  |  | 299,460,599 |
— Transfers from Advances for vessel acquisitions (b) |  |  | 49,687,450 |  |  |  | — |  |  |  | 49,687,450 |
— Period depreciation |  |  | — |  |  |  | (13,227,748 | ) |  |  | (13,227,748 | )
Balance December 31, 2021 |  |  | 410,054,143 |  |  |  | (16,088,214 | ) |  |  | 393,965,929 |
Details regarding the 2021 Vessel Acquisitions delivered as of December 31, 2020 and 2021, are presented below.
Vessel Name | Vessel Type | DWT | Year Built | Country of Construction | Purchase Price (in million) | Delivery Date
2020 Acquisitions
Magic Rainbow | Panamax | 73,593 | 2007 | China | $7.85 | 08/08/2020
Magic Horizon | Panamax | 76,619 | 2010 | Japan | $12.75 | 10/09/2020
Magic Nova | Panamax | 78,833 | 2010 | Japan | $13.86 | 10/15/2020
2021 Acquisitions
Magic Venus | Kamsarmax | 83,416 | 2010 | Japan | $15.85 | 03/02/2021
Wonder Polaris | Aframax LR2 | 115,351 | 2005 | S. Korea | $13.60 | 03/11/2021
Magic Orion | Capesize | 180,200 | 2006 | Japan | $17.50 | 03/17/2021
Magic Argo | Kamsarmax | 82,338 | 2009 | Japan | $14.50 | 03/18/2021
Wonder Sirius | Aframax LR2 | 115,341 | 2005 | S. Korea | $13.60 | 03/22/2021
Magic Twilight | Kamsarmax | 80,283 | 2010 | S. Korea | $14.80 | 04/09/2021
Magic Thunder | Kamsarmax | 83,375 | 2011 | Japan | $16.85 | 04/13/2021
Magic Vela | Panamax | 75,003 | 2011 | China | $14.50 | 05/12/2021
Magic Nebula | Kamsarmax | 80,281 | 2010 | S. Korea | $15.45 | 05/20/2021
Wonder Vega | Aframax | 106,062 | 2005 | S. Korea | $14.80 | 05/21/2021
Magic Starlight | Kamsarmax | 81,048 | 2015 | China | $23.50 | 05/23/2021
Wonder Avior | Aframax LR2 | 106,162 | 2004 | S. Korea | $12.00 | 05/27/2021
Wonder Arcturus | Aframax LR2 | 106,149 | 2002 | S. Korea | $10.00 | 05/31/2021
Wonder Mimosa | Handysize | 36,718 | 2006 | S. Korea | $7.25 | 05/31/2021
Magic Eclipse | Panamax | 74,940 | 2011 | Japan | $18.48 | 06/07/2021
Wonder Musica | Aframax LR2 | 106,290 | 2004 | S. Korea | $12.00 | 06/15/2021
Wonder Formosa | Handysize | 36,660 | 2006 | S. Korea | $8.00 | 06/22/2021
Magic Pluto | Panamax | 74,940 | 2013 | Japan | $19.06 | 08/06/2021
Magic Perseus | Kamsarmax | 82,158 | 2013 | Japan | $21.00 | 08/09/2021
Magic Mars | Panamax | 76,822 | 2014 | S. Korea | $20.40 | 09/20/2021
Magic Phoenix | Panamax | 76,636 | 2008 | Japan | $18.75 | 10/26/2021
Wonder Bellatrix | Aframax LR2 | 115,341 | 2006 | S. Korea | $18.15 | 12/23/2021
The amounts in the accompanying consolidated balance sheets are analyzed as follows:
|  | Vessel Cost |
Balance December 31, 2020 |  | $ | — |
— Advances for vessel acquisitions and other vessel pre-delivery costs |  |  | 52,055,615 |
—Transfer to Vessels, net (a) |  |  | (49,687,450 | )
Balance December 31, 2021 |  | $ | 2,368,165 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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