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Investment in equity securities | 12 Months Ended
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Dec. 31, 2023
Investment in equity securities [Abstract] |
Investment in equity securities |
9. | Investment in equity securities
A summary of the movement in listed equity securities for the year ended December 31, 2023 is presented in the table below:
|  | Equity securities |
Balance December 31, 2021 |  | $ | — |
Equity securities acquired |  |  | 60,750 |
Proceeds from sale of equity securities |  |  | (88,200 | )
Gain on sale of equity securities |  |  | 27,450 |
Balance December 31, 2022 |  | $ | — |
Equity securities acquired |  |  | 72,211,450 |
Proceeds from sale of equity securities |  |  | (258,999 | )
Gain on sale of equity securities |  |  | 2,636 |
Unrealized gain on equity securities revalued at fair value at end of the period |  |  | 5,134,013 |
Balance December 31, 2023 |  | $ | 77,089,100 |
On June 30, 2023, the Company filed a Schedule 13G, reporting that it holds 1,391,500 shares of common stock of Eagle Bulk Shipping Inc. (“Eagle”), representing 14.99% of the issued and outstanding shares of common stock of Eagle as of June 23, 2023. In the years ended December 31, 2021, 2022 and 2023, the Company received dividends of $0, $24,528 and $1,312,222, respectively, from its investments in listed equity securities.

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