(Loss)/Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2023

(Loss)/Earnings Per Common Share [Abstract]

Basic and Diluted (Loss)/Earnings Per Common Share

The components of the calculation of basic and diluted (loss)/earnings per common share in each of the periods comprising the accompanying consolidated statements of comprehensive (loss)/income are as follows:

	Period ended December 31,			Year ended December 31,		Year ended December 31,
	2021			2022		2023
Net (loss)/income and comprehensive (loss)/income	$	(1,430,391	)	$	49,926,383	$	140,636,993
Dividend on Series A Preferred Shares		—			—		(1,166,667	)
Deemed dividend on Series A Preferred Shares		—			—		(2,429,275	)
Undistributed earnings to non-vested participating securities		—			—		(2,805,275	)
Net (loss)/income attributable to common Shareholders, basic	$	(1,430,391	)	$	49,926,383	$	134,235,776
Undistributed earnings to non-vested participating securities		—			—		2,805,275
Undistributed earnings reallocated to non-vested participating securities		—			—		(926,641	)
Dividend on Series A Preferred Shares		—			—		1,166,667
Deemed dividend on Series A Preferred Shares		—			—		2,429,275
Net (loss)/income attributable to common Shareholders, diluted	$	(1,430,391	)	$	49,926,383	$	139,710,352
Weighted average number of common shares outstanding, basic		9,461,009			9,461,009		15,443,485
Effect of dilutive shares		—			33,216,240		33,216,240
Weighted average number of common shares outstanding, diluted		9,461,009			42,677,249		48,659,725
(Loss)/Earnings per common share, basic	$	(0.15	)	$	5.28	$	8.69
(Loss)/Earnings per common share, diluted	$	(0.15	)	$	1.17	$	2.87