| Vessels, net |
|
The amounts reflected in “Vessels, net” in the accompanying consolidated balance sheets are analyzed as follows:
| |
|
Vessel Cost
|
|
|
Accumulated Depreciation
|
|
|
Net Book Value
|
|
|
Balance, December 31, 2021
|
|
$
|
46,082
|
|
|
$
|
(354
|
)
|
|
$
|
45,728
|
|
|
-Vessel acquisitions
|
|
|
22,000
|
|
|
|
-
|
|
|
|
22,000
|
|
|
-Additions for improvements
|
|
|
694
|
|
|
|
-
|
|
|
|
694
|
|
|
- Depreciation for the year
|
|
|
-
|
|
|
|
(4,750
|
)
|
|
|
(4,750
|
)
|
|
Balance, December 31, 2022
|
|
$
|
68,776
|
|
|
$
|
(5,104
|
)
|
|
$
|
63,672
|
|
|
-Vessel acquisition
|
|
|
14,064
|
|
|
|
-
|
|
|
|
14,064
|
|
|
-Additions for improvements
|
|
|
304
|
|
|
|
-
|
|
|
|
304
|
|
|
- Depreciation for the year
|
|
|
-
|
|
|
|
(6,940
|
)
|
|
|
(6,940
|
)
|
|
Balance, December 31, 2023
|
|
$
|
83,144
|
|
|
$
|
(12,044
|
)
|
|
$
|
71,100
|
|
|
| Vessels, net |
The amounts reflected in Vessels, net in the accompanying combined carve-out balance sheet as of December 31, 2020 are
analyzed as follows:
| |
|
Accumulated
|
|
|
|
|
|
|
|
| |
|
Vessel Cost
|
|
|
Depreciation
|
|
|
Net Book Value
|
|
|
Balance, December 31, 2019
|
|
$
|
38,600,196
|
|
|
$
|
(13,139,306
|
)
|
|
$
|
25,460,890
|
|
|
– Additions for improvements
|
|
|
1,474,965
|
|
|
|
—
|
|
|
|
1,474,965
|
|
|
– Vessel fair value adjustment
|
|
|
200,500
|
|
|
|
—
|
|
|
|
200,500
|
|
|
– Vessel transferred from held for sale
|
|
|
7,129,500
|
|
|
|
—
|
|
|
|
7,129,500
|
|
|
– Depreciation for the period
|
|
|
—
|
|
|
|
(2,016,556
|
)
|
|
|
(2,016,556
|
)
|
|
Balance, December 31, 2020
|
|
$
|
47,405,161
|
|
|
$
|
(15,155,862
|
)
|
|
$
|
32,249,299
|
|
|
|