Long-term debt- related party (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Company's related party long-term debt

The Company’s related party long-term debt consists of the following (in thousands):

	December 31, 2023			December 31, 2022
Exquisite Vessel Financing	$	180,029		$	188,433
Less current portion		(8,336	)		(7,661	)
Total long-term related party debt	$	171,693		$	180,772

Schedule of principal payments on related party long-term debt

Principal payments on related party long-term debt outstanding as of December 31, 2023 are as follows (in thousands):

2024	$	8,336
2025		9,741
2026		10,521
2027		11,364
2028		12,339
Thereafter		67,728
Total payments	$	120,029
Residual value for Exquisite vessel financing		60,000
Total debt – related party	$	180,029