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COMBINED CARVE-OUT STATEMENTS OF PARENTS' EQUITY - USD ($)
Parent Company Investment
OceanPal Inc. Predecessors
Retained Earnings / (Accumulated Deficit)
OceanPal Inc. Predecessors
Retained Earnings / (Accumulated Deficit)
OceanPal Inc. Predecessors
Total
Balance at the beginning at Dec. 31, 2018 $ 141,543,044 $ (103,313,797)   $ 38,229,247  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Parent Distribution, net (Note 6) (1,504,222)     (1,504,222)  
Net income/(loss)   (1,862,852)   (1,862,852)  
Balance at the end at Dec. 31, 2019 140,038,822 (105,176,649)   34,862,173  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Parent Investment, net (Note 6) 1,271,586     1,271,586  
Net income/(loss)   (1,018,310)   (1,018,310)  
Balance at the end at Jun. 30, 2020 141,310,408 (106,194,959)   35,115,449  
Balance at the beginning at Dec. 31, 2019 140,038,822 (105,176,649)   34,862,173  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Parent Investment, net (Note 6) 4,235,856     4,235,856  
Net income/(loss)   (3,795,959)   (3,795,959)  
Balance at the end at Dec. 31, 2020 144,274,678 (108,972,608)   35,302,070  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Parent Distribution, net (Note 6) (3,349,458)     (3,349,458)  
Net income/(loss)   433,460   433,460  
Balance at the end at Jun. 30, 2021 140,925,220 (108,539,148) $ (1,000) 32,386,072 $ 4,000
Balance at the beginning at Dec. 31, 2020 144,274,678 (108,972,608)   35,302,070  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Parent Distribution, net (Note 6) (3,196,728)     (3,196,728)  
Net income/(loss)   750,983   750,983  
Balance at the end at Nov. 29, 2021 141,077,950 (108,221,625)   32,856,325  
Balance at the beginning at Apr. 14, 2021     0   0
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income/(loss)     (1,000)   (1,000)
Balance at the end at Jun. 30, 2021 $ 140,925,220 $ (108,539,148) (1,000) $ 32,386,072 4,000
Balance at the beginning at Apr. 14, 2021     0   0
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income/(loss)     134,000   134,000
Balance at the end at Dec. 31, 2021     65,000   48,149,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income/(loss)     $ 1,062,000   1,062,000
Balance at the end at Jun. 30, 2022         $ 60,918,000