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Vessels, net/ Advances for vessel acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2022
Vessels, net/ Advances for Vessel Acquisitions [Abstract] |
Vessels, Net | (a) 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 |
— Acquisitions, improvements, and other vessel costs |  |  | 72,100,835 |  |  |  | — |  |  |  | 72,100,835 |
— Transfers from Advances for vessel acquisitions (b) |  |  | 2,368,165 |  |  |  | — |  |  |  | 2,368,165 |
— Vessel disposal |  |  | (10,018,583 | ) |  |  | 599,930 |  |  |  | (9,418,653 | )
— Period depreciation |  |  | — |  |  |  | (23,121,632 | ) |  |  | (23,121,632 | )
Balance December 31, 2022 |  |  | 474,504,560 |  |  |  | (38,609,916 | ) |  |  | 435,894,644 |
Vessel Acquisitions | Details regarding the 2021 and the 2022 Vessel Acquisitions delivered as of December 31, 2021 and 2022, are presented below.
Vessel Name | Vessel Type | DWT | Year Built | Country of Construction | Purchase Price (in million) | Delivery Date
2021 Acquisitions
M/V Magic Venus | Kamsarmax | 83,416 | 2010 | Japan | $15.85 | 03/02/2021
M/T Wonder Polaris | Aframax LR2 | 115,351 | 2005 | S. Korea | $13.60 | 03/11/2021
M/V Magic Orion | Capesize | 180,200 | 2006 | Japan | $17.50 | 03/17/2021
M/V Magic Argo | Kamsarmax | 82,338 | 2009 | Japan | $14.50 | 03/18/2021
M/T Wonder Sirius | Aframax LR2 | 115,341 | 2005 | S. Korea | $13.60 | 03/22/2021
M/V Magic Twilight | Kamsarmax | 80,283 | 2010 | S. Korea | $14.80 | 04/09/2021
M/V Magic Thunder | Kamsarmax | 83,375 | 2011 | Japan | $16.85 | 04/13/2021
M/V Magic Vela | Panamax | 75,003 | 2011 | China | $14.50 | 05/12/2021
M/V Magic Nebula | Kamsarmax | 80,281 | 2010 | S. Korea | $15.45 | 05/20/2021
M/T Wonder Vega | Aframax | 106,062 | 2005 | S. Korea | $14.80 | 05/21/2021
M/V Magic Starlight | Kamsarmax | 81,048 | 2015 | China | $23.50 | 05/23/2021
M/T Wonder Avior | Aframax LR2 | 106,162 | 2004 | S. Korea | $12.00 | 05/27/2021
M/T Wonder Arcturus | Aframax LR2 | 106,149 | 2002 | S. Korea | $10.00 | 05/31/2021
M/T Wonder Mimosa | Handysize | 36,718 | 2006 | S. Korea | $7.25 | 05/31/2021
M/V Magic Eclipse | Panamax | 74,940 | 2011 | Japan | $18.48 | 06/07/2021
M/T Wonder Musica | Aframax LR2 | 106,290 | 2004 | S. Korea | $12.00 | 06/15/2021
M/T Wonder Formosa | Handysize | 36,660 | 2006 | S. Korea | $8.00 | 06/22/2021
M/V Magic Pluto | Panamax | 74,940 | 2013 | Japan | $19.06 | 08/06/2021
M/V Magic Perseus | Kamsarmax | 82,158 | 2013 | Japan | $21.00 | 08/09/2021
M/V Magic Mars | Panamax | 76,822 | 2014 | S. Korea | $20.40 | 09/20/2021
M/V Magic Phoenix | Panamax | 76,636 | 2008 | Japan | $18.75 | 10/26/2021
M/T Wonder Bellatrix | Aframax LR2 | 115,341 | 2006 | S. Korea | $18.15 | 12/23/2021
2022 Acquisitions
M/V Magic Callisto | Panamax | 74,930 | 2012 | Japan | $23.55 | 01/04/2022
M/V Ariana A | Containership | 38,117 | 2005 | Germany | $25.00 | 11/23/2022
M/V Gabriela A | Containership | 38,121 | 2005 | Germany | $25.75 | 11/30/2022
Advances for Vessel Acquisitions | 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 |
—Transfer to Vessels, net (a) |  |  | (2,368,165 | )
Balance December 31, 2022 |  | $ | — |

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- Definition Tabular disclosure of information regarding vessel acquisitions delivered. + References No definition available. + Details
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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 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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