XML 56 R29.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Vessels, Net (Tables)
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Summary of Accompanying Consolidated Balance Sheets of Vessels, Net
The amounts shown in the accompanying consolidated balance sheets are analyzed as follows:
 
 
  
Vessel

cost
 
  
Accumulated
depreciation
 
  
Net book
value
 
Balance, July 25, 2022
   
 
— 
 
   
 
— 
 
   
 
— 
 
Additions
      39,394,125     
 
— 
 
      39,394,125  
Depreciation for the period
   
 
— 
 
      (557,974 )       (557,974 ) 
  
 
 
     
 
 
     
 
 
  
Balance, December 31, 2022
   
 
39,394,125
 
   
 
(557,974
) 
   
 
38,836,151
 
  
 
 
     
 
 
     
 
 
  
Acquisitions and improvements
      40,430,000        —         40,430,000  
  
 
 
     
 
 
     
 
 
  
Depreciation for the 
y
ear
      —         (4,104,720 )       (4,104,720 ) 
  
 
 
     
 
 
     
 
 
  
Balance, December 31, 2023
   
 
79,824,125
 
   
 
(4,662,694
) 
   
 
75,161,431