Schedule of Long-Term Debt Instruments [Table Text Block] |
Borrower | | | December 31, 2022 | | | December 31, 2023 | |
Kamsarmax Two Shipping Ltd. | (a) | | | 11,950,000 | | | | 13,520,000 | |
Kamsarmax One Shipping Ltd. / Ultra One Shipping Ltd. | (b) | | | 23,200,000 | | | | 21,200,000 | |
Eirini Shipping Ltd. | (c) | | | 3,530,000 | | | | 2,690,000 | |
Light Shipping Ltd. / Good Heart Shipping Ltd. | (d) | | | 17,000,000 | | | | 14,600,000 | |
Blessed Luck Shipowners Ltd. | (e) | | | 4,750,000 | | | | 3,750,000 | |
Areti Shipping Ltd. | (f) | | | 2,400,000 | | | | 1,000,000 | |
Molyvos Shipping Ltd. / Santa Cruz Shipowners Ltd. | (g) | | | 19,025,000 | | | | 15,575,000 | |
Yannis Navigation Ltd. | (h) | | | - | | | | 10,500,000 | |
Christos Ultra LP. / Maria Ultra LP. | (i) | | | - | | | | 22,000,000 | |
| | | | 81,855,000 | | | | 104,835,000 | |
Less: Current portion | | | (23,040,000 | ) | | | (18,050,000 | ) |
Long-term portion | | | 58,815,000 | | | | 86,785,000 | |
Deferred charges, current portion | | | 181,913 | | | | 245,447 | |
Deferred charges, long-term portion | | | 454,831 | | | | 661,937 | |
Long-term bank loans, current portion net of deferred charges | | | 22,858,087 | | | | 17,804,553 | |
Long-term bank loans, long-term portion net of deferred charges | | | 58,360,169 | | | | 86,123,063 | |
|
Schedule of Maturities of Long-Term Debt [Table Text Block] |
To December 31: | | | | |
2024 | | | 18,050,000 | |
2025 | | | 9,650,000 | |
2026 | | | 9,670,000 | |
2027 | | | 46,965,000 | |
2028 | | | 3,000,000 | |
Thereafter | | | 17,500,000 | |
Total | | | 104,835,000 | |
|