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General and Administrative Expenses | 12 Months Ended
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Dec. 31, 2022
General and Administrative Expenses [Abstract] |
General and Administrative Expenses |
14. | General and Administrative Expenses:
General and administrative expenses are analyzed as follows:
|  | Year ended December 31, |  |  | Year ended December 31, |  |  | Year ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
Chief Executive and Chief Financial Officer and directors’ compensation |  | $ | 29,000 |  |  | $ | 48,000 |  |  | $ | 72,000 |
Professional fees and other expenses |  |  | 701,953 |  |  |  | 2,018,310 |  |  |  | 4,871,937 |
Administration fees-related party (Note 3(a)) |  |  | 400,000 |  |  |  | 1,200,000 |  |  |  | 2,100,000 |
Total |  | $ | 1,130,953 |  |  | $ | 3,266,310 |  |  | $ | 7,043,937 |
The Chief Executive Officer and Chief Financial Officer compensation was terminated on October 1, 2020, and, subsequent to this date, all services rendered by the Company’s Chief Executive Officer and Chief Financial Officer are included in its Master Agreement with Castor Ships (see Note 3(a)).

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