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COMBINED CARVE-OUT STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 11 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2021
Nov. 29, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES:                  
Time charter revenues (Note 2(n))   $ 8,246,000     $ 1,334,000        
EXPENSES:                  
Voyage expenses (Note 2(n))   597,000     54,000        
Vessel operating expenses (Note 2(p))   2,936,000     360,000        
Depreciation and amortization of deferred charges (Note 4)   2,024,000     354,000        
General and administrative expenses (Note 6) $ 1,000 1,224,000     358,000        
Management fees to related parties (Note 3)   411,000     74,000        
Operating income/(loss) (1,000) 1,062,000     134,000        
OTHER EXPENSES                  
Net income/(loss) and comprehensive income/(loss) (1,000) 1,062,000     134,000        
Net income attributable to common stockholders $ (1,000) $ (277,000)     $ 65,000        
OceanPal Inc. Predecessors                  
REVENUES:                  
Time charter revenues (Note 2(n))     $ 6,065,161 $ 4,818,779   $ 11,342,529   $ 9,410,671 $ 12,370,182
EXPENSES:                  
Voyage expenses (Note 2(n))     94,027 552,104   418,022   977,940 1,548,501
Vessel operating expenses (Note 2(p))     3,406,320 3,535,771   6,200,109   8,497,830 5,582,563
Depreciation and amortization of deferred charges (Note 4)     1,191,889 962,135   2,192,911   2,151,977 2,479,432
General and administrative expenses (Note 6)     560,376 609,491   1,104,894   1,265,051 809,205
Management fees to related parties (Note 3)     377,671 378,000   683,121 $ 7,330,000 756,000 728,300
Vessel Impairment charges (Note 4)                 3,047,978
Vessel fair value adjustment (Note 4)       200,500       200,500  
Other loss/(income)     1,418 88   (9,427)   (241,668) 37,055
Operating income/(loss)     433,460 (1,018,310)   752,899   (3,795,959) (1,862,852)
OTHER EXPENSES                  
Finance costs           (1,916)      
Net income/(loss) and comprehensive income/(loss)     $ 433,460 $ (1,018,310)   $ 750,983   $ (3,795,959) $ (1,862,852)