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Discontinued operations (Details) - USD ($) | 2 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
CURRENT ASSETS |  |  |  |
Total current assets of discontinued operations |  | $ 0 | $ 54,763,308 |
NON-CURRENT ASSETS |  |  |  |
Total non-current assets of discontinued operations |  | 0 | 102,715,796 |
CURRENT LIABILITIES |  |  |  |
Total current liabilities of discontinued operations |  | 0 | 6,519,051 |
NON-CURRENT LIABILITIES |  |  |  |
Total non-current liabilities of discontinued operations |  | 0 | 10,463,172 |
OTHER INCOME/(EXPENSES): |  |  |  |
Net (loss) / income and comprehensive (loss)/ income from discontinued operations, before taxes |  | $ 17,513,269 | 52,979,946 | $ (335,122)
Toro Corp [Member] |  |  |  |
CURRENT ASSETS |  |  |  |
Cash and cash equivalents |  |  | 41,779,594 |
Accounts receivable trade, net |  |  | 10,616,573 |
Due from related parties |  |  | 558,328 |
Inventories |  |  | 893,568 |
Prepaid expenses and other assets |  |  | 915,245 |
Total current assets of discontinued operations |  |  | 54,763,308 |
NON-CURRENT ASSETS |  |  |  |
Vessels, net |  |  | 92,486,178 |
Restricted cash |  |  | 700,000 |
Due from related parties |  |  | 1,708,474 |
Prepaid expenses and other assets |  |  | 5,199,999 |
Deferred charges, net |  |  | 2,621,145 |
Total non-current assets of discontinued operations |  |  | 102,715,796 |
CURRENT LIABILITIES |  |  |  |
Current portion of long-term debt, net |  |  | 2,606,302 |
Accounts payable |  |  | 1,643,468 |
Accrued liabilities |  |  | 2,269,281 |
Total current liabilities of discontinued operations |  |  | 6,519,051 |
NON-CURRENT LIABILITIES |  |  |  |
Long-term debt, net |  |  | 10,463,172 |
Total non-current liabilities of discontinued operations |  |  | 10,463,172 |
REVENUES [Abstract] |  |  |  |
Vessel revenues | $ 23,369,274 |  | 111,885,868 | 29,264,268
EXPENSES: |  |  |  |
Voyage expenses (including $372,037, $1,437,276, and $294,831 to related party for the years ended December 31, 2021, 2022 and for the period January 1, 2023 through March 7, 2023) | (374,396) |  | (29,319,414) | (11,059,518)
Vessel operating expenses | (3,769,132) |  | (21,708,290) | (12,361,871)
Management fees to related parties | (507,000) |  | (2,833,500) | (1,853,850)
Depreciation and amortization | (1,493,759) |  | (7,294,476) | (3,834,117)
(Provision) / Recovery of provision for doubtful accounts | 266,732 |  | (266,732) | 0
Gain on sale of vessel | 0 |  | 3,222,631 | 0
Total expenses | (5,877,555) |  | (58,199,781) | (29,109,356)
Operating income | 17,491,719 |  | 53,686,087 | 154,912
OTHER INCOME/(EXPENSES): |  |  |  |
Interest and finance costs | (220,061) |  | (902,572) | (506,012)
Interest income | 253,165 |  | 202,612 | 652
Foreign exchange losses / (gains) | (11,554) |  | (6,181) | 15,326
Total other (expenses)/income, net | 21,550 |  | (706,141) | (490,034)
Net (loss) / income and comprehensive (loss)/ income from discontinued operations, before taxes | 17,513,269 |  | 52,979,946 | (335,122)
Income taxes | (173,937) |  | (960,181) | (206,174)
Net (loss) / income and comprehensive (loss)/ income from discontinued operations, net of taxes | 17,339,332 |  | 52,019,765 | (541,296)
Voyage expenses, related party | 294,831 |  | 1,437,276 | 372,037
Toro Corp [Member] | Time Charter [Member] |  |  |  |
REVENUES [Abstract] |  |  |  |
Vessel revenues | 914,000 |  | 13,656,029 | 9,115,257
Toro Corp [Member] | Voyage Charter [Member] |  |  |  |
REVENUES [Abstract] |  |  |  |
Vessel revenues | 7,930 |  | 51,805,097 | 15,002,012
Toro Corp [Member] | Pool [Member] |  |  |  |
REVENUES [Abstract] |  |  |  |
Vessel revenues | $ 22,447,344 |  | $ 46,424,742 | $ 5,146,999

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