EuroDry (EDRY) 20-F24 Apr 242023 FY Annual report (foreign)Financial data

Company Profile

Document And Entity Information

Document And Entity Information	12 Months Ended
Document And Entity Information	Dec. 31, 2023 shares
Document Information [Line Items]
Entity Central Index Key	0001731388
Entity Registrant Name	EuroDry Ltd.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-38502
Entity Incorporation, State or Country Code	1T
Entity Address, Address Line One	4 Messogiou & Evropis Street
Entity Address, Postal Zip Code	151 24
Entity Address, City or Town	Maroussi
Entity Address, Country	GR
Title of 12(b) Security	Common shares, $0.01 par value
Trading Symbol	EDRY
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	2,832,417
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	U.S. GAAP
Entity Shell Company	false
Auditor Firm ID	1163
Auditor Name	Deloitte Certified Public Accountants S.A.
Auditor Location	Athens, Greece
Business Contact [Member]
Document Information [Line Items]
Entity Address, Address Line One	11 Canterbury Lane
Entity Address, Postal Zip Code	07069
Entity Address, City or Town	Watchung
Contact Personnel Name	Tasos Aslidis
City Area Code	908
Local Phone Number	301-9091
Entity Address, State or Province	NJ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 8,002,024	$ 34,042,150
Restricted cash	2,797,569	1,195,863
Trade accounts receivable, net	6,740,606	7,147,833
Other receivables	2,127,266	346,066
Prepaid expenses	243,380	249,024
Inventories	4,117,663	1,057,652
Derivative asset, current	196,627	1,437,398
Total current assets	24,225,135	47,892,166
Long-term assets
Vessels, net	203,528,116	149,022,023
Interest rate swap contracts	0	705,970
Restricted cash	3,300,000	1,885,000
Total assets	231,053,251	199,505,159
Current liabilities
Long-term bank loans, current portion	17,804,553	22,858,087
Trade accounts payable	3,146,931	2,989,431
Accrued expenses	2,320,606	1,004,719
Derivatives	1,287,720	0
Deferred revenues	346,838	351,636
Total current liabilities	25,484,190	27,203,873
Long-term bank loans, net of current portion	86,123,063	58,360,169
Derivatives	17,769	0
Total long-term liabilities	86,140,832	58,360,169
Total liabilities	111,625,022	85,564,042
Commitments and contingencies
Shareholders’ equity
Common stock (par value $0.01, 200,000,000 shares authorized, 2,902,620 and 2,832,417 issued and outstanding, respectively)	28,324	29,026
Additional paid-in capital	68,069,724	69,438,938
Retained earnings	41,564,249	44,473,153
Total EuroDry Ltd. common shareholders’ equity	109,662,297	113,941,117
Non-controlling interest	9,765,932	0
Total shareholders’ equity	119,428,229	113,941,117
Total liabilities and shareholders’ equity	231,053,251	199,505,159
Related Party [Member]
Current assets
Trade accounts receivable, net	0	2,416,180
Current liabilities
Due to related companies	$ 577,542	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	2,832,417	2,902,620
Common stock, shares outstanding (in shares)	2,832,417	2,902,620

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	12 Months Ended
Condensed Consolidated Statements of Operations - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Commissions (including $856,334, $932,123 and $630,433, respectively, to related party)	$ (2,842,708)	$ (4,386,498)	$ (4,064,903)
Net revenue	47,591,924	70,183,369	64,441,826
Operating expenses
Voyage expenses, net	3,993,031	(2,025,120)	(755,998)
Vessel operating expenses (including $130,384, $207,602 and $191,655, respectively, to related party)	20,758,708	19,333,898	13,565,092
Dry-docking expenses	3,404,323	4,816,558	97,094
Vessel depreciation	10,966,621	10,757,177	7,656,638
Related party management fees	3,281,361	2,968,073	2,350,747
General and administrative expenses, related party	3,459,943	3,072,583	2,638,427
Net gain on sale of vessel	0	(2,856,525)	0
Other operating loss	500,000	0	0
Bad debt expense	134,294	0	0
Total operating expenses	46,498,281	36,066,644	25,552,000
Operating income	1,093,643	34,116,725	38,889,826
Other income / (expenses)
Interest and other financing costs (including $79,533, $0 and $0, respectively, to related party)	(6,486,814)	(3,853,047)	(2,339,023)
Loss on debt extinguishment	0	0	(1,647,654)
(Loss) / gain on derivatives, net	1,218,375	3,189,610	(3,765,619)
Interest income	897,618	46,298	10,484
Foreign exchange gain / (loss)	(5,794)	43,085	5,807
Other expenses, net	(4,376,615)	(574,054)	(7,736,005)
Net income / (loss)	(3,282,972)	33,542,671	31,153,821
Net loss attributable to the non-controlling interest	374,068	0	0
Dividends to Series B preferred shares	0	0	(1,085,902)
Preferred deemed dividend	0	0	(665,287)
Net income / (loss) attributable to controlling shareholders	$ (2,908,904)	$ 33,542,671	$ 29,402,632
Earnings / (loss) per share attributable to controlling shareholders – basic (in dollars per share)	$ (1.05)	$ 11.66	$ 11.63
Weighted average number of shares outstanding during the year, basic (in shares)	2,763,121	2,876,320	2,528,507
Earnings / (loss) per share attributable to controlling shareholders – diluted (in dollars per share)	$ (1.05)	$ 11.61	$ 11.54
Weighted average number of shares outstanding during the year, diluted (in shares)	2,763,121	2,889,991	2,548,950
Time Charter Revenue [Member]
Revenues
Revenue	$ 47,824,857	$ 74,569,867	$ 68,506,729
Voyage Charter Revenue [Member]
Revenues
Revenue	$ 2,609,775	$ 0	$ 0

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parentheticals) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Commissions, related party	$ 630,433	$ 932,123	$ 856,334
Vessel operating expenses, related party	191,655	207,602	130,384
General and administrative expenses, related party	3,459,943	3,072,583	2,638,427
Interest and other financing costs, related party	6,486,814	3,853,047	2,339,023
Related Party [Member]
General and administrative expenses, related party	1,350,000	1,460,000	1,710,000
Interest and other financing costs, related party	$ 0	$ 0	$ 79,533

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2020	2,348,216
Balance at Dec. 31, 2020	$ 23,482	$ 53,048,060	$ (18,472,150)	$ 34,599,392	$ 0	$ 34,599,392
Net income / (loss)	0	0	31,153,821	31,153,821	0	31,153,821
Dividends to Series B preferred shares	0	0	(1,085,902)	(1,085,902)	0	(1,085,902)
Preferred deemed dividend	$ 0	0	(665,287)	(665,287)	0	(665,287)
Issuance of shares sold at the market (ATM), net of issuance costs (in shares)	341,017
Issuance of shares sold at the market (ATM), net of issuance costs	$ 3,410	9,739,649	0	9,743,059	0	9,743,059
Issuance of shares in connection with related party loan converted to equity (in shares)	180,308
Issuance of shares in connection with related party loan converted to equity	$ 1,803	4,945,851	0	4,947,654	0	4,947,654
Issuance of restricted shares for stock incentive award and share-based compensation (in shares)	49,650
Issuance of restricted shares for stock incentive award and share-based compensation	$ 497	230,147	0	230,644	0	230,644
Balance (in shares) at Dec. 31, 2021	2,919,191
Balance at Dec. 31, 2021	$ 29,192	67,963,707	10,930,482	78,923,381	0	78,923,381
Net income / (loss)	$ 0	0	33,542,671	33,542,671	0	33,542,671
Issuance of shares sold at the market (ATM), net of issuance costs (in shares)	65,130
Issuance of shares sold at the market (ATM), net of issuance costs	$ 651	2,684,951	0	2,685,602	0	2,685,602
Issuance of restricted shares for stock incentive award and share-based compensation (in shares)	58,600
Issuance of restricted shares for stock incentive award and share-based compensation	$ 586	788,139	0	788,725	0	$ 788,725
Repurchase and cancelation of common shares (in shares)	(140,301)					(140,301)
Repurchase and cancelation of common shares	$ (1,403)	(1,997,859)	0	(1,999,262)	0	$ (1,999,262)
Balance (in shares) at Dec. 31, 2022	2,902,620
Balance at Dec. 31, 2022	$ 29,026	69,438,938	44,473,153	113,941,117	0	113,941,117
Net income / (loss)	$ 0	0	(2,908,904)	(2,908,904)	(374,068)	(3,282,972)
Issuance of restricted shares for stock incentive award and share-based compensation (in shares)	59,100
Issuance of restricted shares for stock incentive award and share-based compensation	$ 591	797,393	0	797,984	0	$ 797,984
Repurchase and cancelation of common shares (in shares)	(129,303)					(129,303)
Repurchase and cancelation of common shares	$ (1,293)	(2,029,277)	0	(2,030,570)	0	$ (2,030,570)
Capital contributions made by non-controlling shareholders	0	0	0	0	10,140,000	10,140,000
Offering expenses paid	$ 0	(137,330)		(137,330)	0	(137,330)
Balance (in shares) at Dec. 31, 2023	2,832,417
Balance at Dec. 31, 2023	$ 28,324	$ 68,069,724	$ 41,564,249	$ 109,662,297	$ 9,765,932	$ 119,428,229

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Condensed Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income / (loss)	$ (3,282,972)	$ 33,542,671	$ 31,153,821
Adjustments to reconcile net income / (loss) to net cash provided by operating activities:
Vessel depreciation	10,966,621	10,757,177	7,656,638
Amortization and write off of deferred charges	209,110	230,589	298,329
Loss on debt extinguishment	0	0	1,647,654
Share-based compensation	797,984	788,725	230,644
Unrealized (gain) / loss on derivatives	3,252,230	(2,222,685)	(770,715)
Gain on sale of vessel	0	(2,856,525)	0
Bad debt expense	(134,294)	0	0
(Increase) / decrease in:
Trade accounts receivable	272,933	(6,372,798)	753,020
Prepaid expenses	5,644	65,373	(88,364)
Other receivables	(1,781,200)	896,737	(782,594)
Inventories	(3,060,011)	(287,310)	614,938
Due from related companies	2,416,180	(2,416,180)	0
Increase / (decrease) in:
Trade accounts payable	(13,382)	2,114,784	(251,260)
Accrued expenses	1,315,887	152,277	147,934
Deferred revenues	(4,798)	(1,162,907)	1,268,418
Due to related companies	577,542	(244,587)	(2,740,172)
Net cash provided by operating activities	11,806,062	32,985,341	39,138,291
Cash flows from investing activities:
Cash paid for vessel acquisitions and capitalized expenses	(65,286,558)	(37,786,324)	(36,823,327)
Net proceeds from sale of vessel	(15,274)	9,387,717	0
Net cash used in investing activities	(65,301,832)	(28,398,607)	(36,823,327)
Cash flows from financing activities:
Redemption of preferred shares	0	0	(16,606,000)
Proceeds from issuance of common stock, net of commissions paid	0	2,685,602	9,975,312
Cash paid for share repurchase	(2,030,570)	(1,999,262)	0
Offering expenses paid	(137,330)	(12,427)	(219,826)
Preferred dividends paid	0	0	(1,085,902)
Loan arrangement fees paid	(479,750)	(150,000)	(760,500)
Contributions made by non-controlling shareholders	10,140,000	0	0
Proceeds from related party loan	0	0	6,000,000
Proceeds from long-term bank loans	46,500,000	20,000,000	70,700,000
Repayment of related party loan	0	0	(2,700,000)
Repayment of long-term bank loans	(23,520,000)	(17,515,000)	(42,697,000)
Net cash provided by financing activities	30,472,350	3,008,913	22,606,084
Net increase / (decrease) in cash, cash equivalents and restricted cash	(23,023,420)	7,595,647	24,921,048
Cash, cash equivalents and restricted cash at beginning of year	37,123,013	29,527,366	4,606,318
Cash, cash equivalents and restricted cash at end of year	14,099,593	37,123,013	29,527,366
Cash Breakdown
Cash and cash equivalents	8,002,024	34,042,150	26,847,426
Restricted cash, current	2,797,569	1,195,863	459,940
Restricted cash, long term	3,300,000	1,885,000	2,220,000
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	14,099,593	37,123,013	29,527,366
Supplemental cash flow information
Cash paid for interest	5,950,733	3,366,221	2,147,352
Financing and investing activities fees:
Offering expenses accrued	0	0	12,427
Capital expenditures included in liabilities	230,465	44,309	28,334
Vessel sale expenses included in liabilities	0	15,274	0
Shares issued in connection with related party loan converted to equity	$ 0	$ 0	$ 4,947,654

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
Insider Trading Arrangements	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	B. Plan of Distribution Not
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation and General Information	12 Months Ended
Note 1 - Basis of Presentation and General Information	Dec. 31, 2023
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1. Basis of Presentation and General Information EuroDry Ltd. (the “Company” or “EuroDry”) was formed by Euroseas Ltd. (“Euroseas” or “former Parent Company”) on January 8, 2018 seven December 31, 2017 ( May 30, 2018, May 30, 2018 The operations of the vessels are managed by Eurobulk Ltd. (“Eurobulk” or “Manager”) and Eurobulk (Far East) Ltd. Inc. (“Eurobulk FE”), collectively the “Managers”, corporations controlled by members of the Pittas family. Eurobulk has an office in Greece located at 4 1003, 10th 470 6 The Pittas family is the controlling shareholder of Friends Dry Investment Company Inc., Family United Navigation Co. and Ergina Shipping Ltd. which, in turn, own 47.6% of the Company’s shares as of December 31, 2023. As of December 31, 2023, December 31, 2023, December 31, 2023. not may twelve The Company is engaged in the ocean transportation of dry bulk through ownership and operation of dry bulk ship-owning companies. Details of the Company’s wholly or partly owned controlled subsidiaries for the year ended December 31, 2023 100% ● Pantelis Shipping Corp., incorporated in the Republic of Liberia on December 4, 2009, 74,020 2000 July 23, 2009. October 17, 2022. ● Eirini Shipping Ltd., incorporated in the Republic of Liberia on February 2, 2014, 76,466 2004 May 26, 2014. ● Ultra One Shipping Ltd., incorporated in the Republic of Liberia on November 21, 2013, 63,500 January 16, 2017. ● Kamsarmax One Shipping Ltd., incorporated in the Republic of the Marshall Islands on April 4, 2014, 82,000 February 25, 2016. ● Kamsarmax Two Shipping Ltd., incorporated in the Republic of the Marshall Islands on April 4, 2014, 82,000 May 7, 2018. ● Areti Shipping Ltd., incorporated in the Republic of the Marshall Islands on November 15, 2016, 75,100 2000 January 9, 2017. ● Light Shipping Ltd., incorporated in the Republic of the Marshall Islands on November 6, 2018, 75,845 2004 November 30, 2018. ● Blessed Luck Shipowners Ltd., incorporated in the Republic of Liberia on May 6, 2021, 76,704 2004, May 28, 2021. ● Good Heart Shipping Ltd., incorporated in the Republic of Liberia on August 13, 2021, 62,996 2014 September 22, 2021. ● Molyvos Shipping Ltd., incorporated in the Republic of the Marshall Islands on January 11, 2022, 57,924 2014 February 11, 2022. ● Santa Cruz Shipowners Ltd., incorporated in the Republic of Liberia on April 6, 2022, 76,440 2005 April 20, 2022. ● Yannis Navigation Ltd., incorporated in the Republic of the Marshall Islands on September 12, 2023, 63,177 2014 October 10, 2023. ● Ultra Limited Partner Ltd., incorporated in the Republic of the Marshall Islands on September 27, 2023, 60% ● Ultra General Partner Ltd. incorporated in the Republic of the Marshall Islands on September 27, 2023, 1% 61% ● Christos Ultra LP., incorporated in the Republic of the Marshall Islands on September 11, 2023, 63,197 2015 October 25, 2023. ● Maria Ultra LP., incorporated in the Republic of the Marshall Islands on September 11, 2023, 63,153 2015 November 6, 2023. The following charterers individually accounted for more than 10% Year ended December 31, Charterer 2021 2022 2023 Amaggi Europe B.V. 15 % 11 % 17 % Tongli Shipping PTE Ltd. 11 % 12 % 16 % Quadra Commodities S.A. 27 % 13 % - OLAM Group - 13 % - Ultrabulk A/S 19 % 11 % -

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	12 Months Ended
Note 2 - Significant Accounting Policies	Dec. 31, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Significant Accounting Policies The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. The following are the significant accounting policies adopted by the Company: Principles of consolidation The accompanying consolidated financial statements include the accounts of EuroDry Ltd. and its subsidiaries (collectively, the “Company”) referred to in Note 1. EuroDry as the holding company determines whether it has controlling financial interest in an entity by first 810 50% Following the provisions of ASC 810 may may not December 31, 2021, 2022 2023. Use of estimates The preparation of the accompanying consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the consolidated financial statements, and the stated amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Other comprehensive income / (loss) The Company has no no Foreign currency translation The Company’s functional currency as well as the functional currency of all its subsidiaries is the U.S. dollar. Assets and liabilities denominated in foreign currencies are translated into U.S. dollars at exchange rates prevailing at the balance sheet date. Income and expenses denominated in foreign currencies are translated into U.S. dollars at exchange rates prevailing at the date of the transaction. The resulting exchange gains and/or losses on settlement or translation are included in the accompanying consolidated statements of operations. Cash equivalents Cash equivalents are cash in bank accounts, time deposits or other certificates purchased with an original maturity of three Restricted cash Restricted cash reflects deposits with certain banks that can only be used to pay the current loan installments or are required to be maintained as a certain minimum cash balance per mortgaged vessel and amounts that are pledged, blocked or held as cash collateral under the Company’s borrowing arrangements or derivative contracts. Trade accounts receivable, net The amount shown as trade accounts receivable, at each balance sheet date, includes estimated recoveries from each voyage or time charter. At each balance sheet date, the Company provides for doubtful accounts on the basis of specific identified doubtful receivables. Bad debts are written off in the period in which they are identified. As of December 31, 2023, December 31, 2023 $ 134,294 Inventories Inventories consist of lubricants and bunkers, which are stated at the lower of cost and net realizable value, which is the estimated selling price less reasonably predictable costs of disposal and transportation. Inventories are valued using the FIFO (First-In First-Out) method. Vessels Vessels are stated at cost, which comprises the vessel contract price, costs of major repairs and improvements upon acquisition, direct delivery and other acquisition expenses to prepare the vessel for her initial voyage, less accumulated depreciation and impairment, if any. Subsequent expenditures for conversions and major improvements are also capitalized when they appreciably extend the life, increase the earning capacity or improve the efficiency or safety of the vessels; otherwise, these amounts are charged to expense as incurred. Expenditures for vessel repair and maintenance are charged against income in the period incurred. Depreciation Depreciation is calculated on a straight line basis over the estimated useful life of the vessel with reference to the cost of the vessel, and estimated scrap value. Remaining useful lives of vessels are periodically reviewed and revised to recognize changes in conditions and such revisions, if any, are recognized over current and future periods. The Company estimates that its vessels have a useful life of 25 years from the completion of their construction. Secondhand vessels are depreciated from the date of their acquisition through their remaining estimated useful life. When regulations place limitations over the ability of a vessel to trade on a worldwide basis, its remaining useful life is adjusted at the date such regulations are adopted. The estimated salvage value of each vessel is $250 per light weight ton as of December 31, 2022 2023. Insurance claims and insurance proceeds Claims receivable are recorded on the accrual basis and represent the amounts to be received, net of deductibles incurred through each balance sheet date, for which recovery from insurance companies is probable and the claim is not Revenue and expense recognition Revenues are generated mainly from time charter agreements or infrequently from voyage charter agreements. Under a time charter agreement a contract is entered into for the use of a vessel for a specific period of time and a specified daily fixed or index-linked charter hire rate. Under a voyage charter agreement, a contract is made in the spot market for the use of a vessel for a specific voyage to transport a specified agreed upon cargo at a specified freight rate per ton or occasionally a lump sum amount. Under a voyage charter agreement, the charter party generally has a minimum amount of cargo and the charterer is liable for any short loading of cargo or “dead” freight. A minor part of the Company’s revenues may December 31, 2021 not In particular, the pool manager calculates the net pool revenues using gross revenues less voyage expenses of all the pool vessels and less the general and administrative expenses of the pool and distributes the net pool revenues as time charter hire to participants based on an agreed upon formula, which is determined by pool points awarded to each vessel in the pool (vessel attributes such as age, design, cargo carrying capacity, fuel consumption and speed are taken into consideration) as well as the number of days the vessel participated in the pool in the period. The Company recognizes net pool revenues on a monthly basis, when the vessel has participated in the pool during the period and the amount of net pool revenues for the period can be estimated reliably. Revenue generated from the pool is accounted for as revenue from operating leases, pursuant to the accounting standard on leases (ASC 842 A time charter is a contract for the use of a vessel for a specific period of time and a specified daily fixed or index-linked charter hire rate, which is generally payable 15 30 2021, 2022 2023 12 3 December 31, 2023, 14 not 842, not The Company, making use of the practical expedient for lessors, elected not 842. Both the lease component and non-lease component are earned by the passage of time. Revenues under a time charter contract are recognized on a straight-line basis over the term of the respective time charter agreements, beginning when the vessel is delivered to the charterer until it is redelivered back to the Company, and are recorded in “Time charter revenue” in the consolidated statements of operations. Time charter agreements may The Company has determined that its voyage charter agreements do not not 606 one Demurrage income, which is considered a form of variable consideration, is included in voyage revenues, and represents payments by the charterer to the vessel owner when loading or discharging time exceeds the stipulated time in the voyage charter agreements. Demurrage income for the year ended December 31, 2023 not Charter fees received in advance are recorded as a liability (deferred revenue) until charter services are rendered. Vessel operating expenses are comprised of all expenses relating to the operation of the vessels, including crewing, insurance, repairs and maintenance, stores, lubricants, spares and consumables, professional and legal fees and miscellaneous expenses. Vessel operating expenses are recognized as incurred; payments in advance of services or use are recorded as prepaid expenses. Under time charter agreements, voyage expenses which are also recognized as incurred by the Company include costs for draft surveys, hold cleaning, postage, extra war risk insurance and other minor miscellaneous expenses related to the voyage. The charterer is responsible for paying the cost of bunkers and other voyage expenses whilst the vessel is on time charter. Certain voyage expenses paid by the Company, such as extra war risk insurance and holds cleaning may Under voyage charter agreements, all voyage costs are borne and paid by the Company. Voyage expenses consist primarily of bunker consumption, port and canal expenses and agency fees related to the voyage. All voyage costs are expensed as incurred with the exception of the contract fulfilment costs that incur from the later of the end of the previous vessel employment and the contract date and until the commencement of loading the cargo on the relevant vessel, which are capitalized to the extent the Company, in its reasonable judgement, determines that they (i) are directly related to a contract, (ii) will be recoverable and (iii) enhance the Company’s resources by putting the Company’s vessel in a location to satisfy its performance obligation under a contract pursuant to the provisions of ASC 340 40 Commissions (address and brokerage), regardless of charter type, are always paid by the Company, are deferred and amortized over the related charter period and are presented as a separate line item in revenues to arrive at net revenues in the accompanying consolidated statements of operations. Dry-docking and special survey expenses Dry-docking and special survey expenses are expensed as incurred. Pension and retirement benefit obligations crew The ship-owning companies contract the crews on board the vessels under short-term contracts (usually up to 9 not Financing costs Fees paid to lenders or required to be paid to third 470 50 not Offering expenses Expenses directly attributable to an equity offering are deferred and are either presented against paid-in capital when the equity proceeds from the offering are received or are written-off and charged to “General and administrative expenses” in the consolidated statements of operations when it is probable that the offering will be aborted. Share repurchases The Company records the repurchase of its common shares at cost. Until their retirement these common shares are classified as treasury stock, which is a reduction to shareholders’ equity. Treasury shares are included in authorized and issued shares but excluded from outstanding shares. Stock incentive plan awards Share-based compensation represents vested and non-vested restricted shares granted to officers and directors as well as to non-employees and are included in “General and administrative expenses” in the consolidated statements of operations. The shares to employees and directors as well as to non-employees are measured at their fair value equal to the market value of the Company’s common stock on the grant date. The shares that do not Impairment of vessels The Company reviews its vessels held for use for impairment whenever events or changes in circumstances indicate that the carrying amount of the vessels may not In developing its estimates of future undiscounted net operating cash flows, the Company makes assumptions and estimates about vessels’ future performance, with the assumptions being related to charter rates, fleet utilization, vessel operating expenses, drydocking costs, vessels’ residual value and the estimated remaining useful lives of the vessels. These assumptions are based on historical trends as well as future expectations. The Company determines the rates to be used in its impairment analysis based on the prevailing market charter rates for the first two third December 31, 2023, December 31, 2023, 15 2023 not 2.0% five $250 Derivative financial instruments Derivative financial instruments are recorded in the balance sheet as either an asset or liability measured at its fair value with changes in the instruments’ fair value recognized as either a component in other comprehensive income if specific hedge accounting criteria are met in accordance with guidance relating to “Derivatives and Hedging” or in earnings if hedging criteria are not Evaluation of purchase transactions When the Company enters into an acquisition transaction, it determines whether the acquisition transaction was the purchase of an asset or a business based on the facts and circumstances of the transaction. In accordance with Business Combinations (Topic 805 not Earnings / (loss) per common share Basic earnings / (loss) per share is computed by dividing net income / (loss) attributable to controlling shareholders, after the deduction of dividends paid (in cash or in-kind) to preferred shareholders, if any, by the weighted-average number of common shares outstanding during the period. The weighted-average number of common shares outstanding does not December 31, 2022 2023, not Diluted earnings / (loss) per share gives effect to all potentially dilutive securities to the extent that they are dilutive, using the treasury stock method. The Company uses the treasury stock method for non-vested restricted shares, while for the preferred shares issued the Company uses the if-converted method to assess the dilutive effect. Segment reporting The Company reports financial information and evaluates its operations by total charter revenues and not one Recent accounting pronouncements In November 2023, 2023 07, 2023 07” 2023 07 2023 07 280 2023 07 December 15, 2023 December 15, 2024 not No. 2023 07

Note 3 - Inventories

Note 3 - Inventories	12 Months Ended
Note 3 - Inventories	Dec. 31, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	3. Inventories Inventories consisted of the following: December 31, 2022 December 31, 2023 Lubricants 1,057,652 1,370,033 Bunkers - 2,747,630 Total 1,057,652 4,117,663

Note 4 - Vessels, Net

Note 4 - Vessels, Net	12 Months Ended
Note 4 - Vessels, Net	Dec. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	4. Vessels, net The amounts in the accompanying consolidated balance sheets are as follows: Cost Accumulated Depreciation Net Book Value Balance, January 1, 2022 175,645,852 (47,153,033 ) 128,492,819 - Depreciation for the year - (10,757,177 ) (10,757,177 ) - Vessel acquisitions and improvements 37,802,299 - 37,802,299 - Sale of vessel (28,079,236 ) 21,563,318 (6,515,918 ) Balance, December 31, 2022 185,368,915 (36,346,892 ) 149,022,023 - Depreciation for the year - (10,966,621 ) (10,966,621 ) - Vessel acquisitions and improvements 65,472,714 - 65,472,714 Balance, December 31, 2023 250,841,629 (47,313,513 ) 203,528,116 During the year ended December 31, 2022, December 31, 2022, 2023 Vessels acquired / delivered On January 12, 2022, 57,924 2014 February 11, 2022. On April 18, 2022, 76,440 2005 April 20, 2022. On September 8, 2023, 63,177 2014 October 10, 2023. On September 8, 2023, 63,197 2015 October 25, 2023. On September 8, 2023, 63,153 2015 November 6, 2023. Sale of vessels On September 8, 2022, 74,020 2000 October 17, 2022. December 31, 2022. Impairment analysis In light of the prevailing conditions in the shipping industry, as of December 31, 2022 2023, As of December 31, 2023, 7

Note 5 - Accrued Expenses

Note 5 - Accrued Expenses	12 Months Ended
Note 5 - Accrued Expenses	Dec. 31, 2023
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	5. Accrued Expenses The accrued expenses consist of: December 31, 2022 December 31, 2023 Accrued payroll expenses 61,714 342,056 Accrued interest expense 500,664 877,635 Accrued general and administrative expenses 107,755 107,197 Accrued commissions 71,139 91,277 Other accrued expenses 263,447 902,441 Total 1,004,719 2,320,606

Note 6 - Related Party Transact

Note 6 - Related Party Transactions	12 Months Ended
Note 6 - Related Party Transactions	Dec. 31, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	6. Related Party Transactions Each of the Company’s vessel owning companies is party to a management agreement with one 1 The Company’s MMAs with the Managers provide for an annual adjustment of the daily vessel management fee due to inflation to take effect January 1 five five 90th one EuroDry signed new MMAs with the Managers which took effect after the completion of the Spin-off for an additional five May 30, 2023 December 31, 2021, December 31, 2021, January 1, 2022, five January 1, 2028. January 1, 2023, December 31, 2023, December 31, 2023, January 1, 2024, December 31, 2023, December 31, 2023, Vessel management fees paid to the Managers amounted to $2,350,747, $2,968,073 and $3,281,361 in 2021, 2022 2023, The vessels M/V “Xenia”, M/V “Alexandros P.”, M/V “Tasos”, M/V “Ekaterini”, M/V “Maria” and M/V “Christos K” are managed by Eurobulk FE, which provides technical, commercial and accounting services for the same daily vessel management fee as noted above. The remaining fleet of the Company (M/V “Eirini P.”, M/V “Good Heart”, M/V “Blessed Luck”, M/V “Starlight”, M/V “Molyvos Luck”, M/V “Santa Cruz” and M/V “Yannis Pittas”) is managed by Eurobulk. In addition to the vessel management services, the Manager provides executive services to the Company. The amount of executive compensation was $1,250,000 for the years ended December 31, 2021 2022. January 1. December 31, 2023 2024 December 31, 2021, 2022 2023, nil, Amounts due to or from related companies represent net disbursements and collections made on behalf of the ship-owning companies by the Managers during the normal course of operations for which a right of off-set exists. As of December 31, 2022, December 31, 2023 The Company uses brokers for various services, as is industry practice. Eurochart S.A. (“Eurochart”), a company controlled by certain members of the Pittas family, provides vessel sale and purchase services, and chartering services to the Company whereby the Company pays commission of 1% of the vessel sales price and 1.25% of charter revenues. A commission of 1% of the purchase price is also paid to Eurochart by the seller of the vessel for acquisitions the Company makes using Eurochart’s services. During 2021, 2022, April 2022, 2022, October November 2023, 2021, 2022 2023, Certain members of the Pittas family, together with another unrelated ship management company, have formed a joint venture with the insurance broker Sentinel Maritime Services Inc. (“Sentinel”). Technomar Crew Management Services Corp (“Technomar”) is a company owned by certain members of the Pittas family, together with another unrelated ship management company, which provides crewing services. Sentinel is paid a commission on insurance premiums not 5%; 2021, 2022, 2023, On October 13, 2023 2023 April 2024. two December 31, 2023. On May 10, 2021, May 31, 2022. 2021 June 4, 2021, June 4, 2021, fifteen December 31, 2021. September 29, 2021.

Note 7 - Long-term Bank Loans

Note 7 - Long-term Bank Loans	12 Months Ended
Note 7 - Long-term Bank Loans	Dec. 31, 2023
Notes to Financial Statements
Long-Term Debt [Text Block]	7. Long-Term Bank Loans These consist of bank loans of the ship-owning companies and are as follows: Borrower December 31, December 31, 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 The future annual loan repayments are as follows: 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 (a) On April 27, 2018, April 30, 2018 no 24 twenty July 2018, eight twelve April 2023. first first March 3, 2023, On June 20, 2023, June 23, 2023 sixteen June 2023, June 2027. first first (b) On January 27, 2021, two first January 27, 2021 second January 29, 2021 twenty-four January 2027. first first (c) On February 22, 2021, February 24, 2021 twenty February 2026. first first (d) On September 30, 2021, twenty four four eight 12th four six two September 2027. first first (e) On August 12, 2021, twelve first four eight August 2024. first first (f) On October 6, 2021, October 14, 2021 thirty-six first eighteen eighteen October 2022, April 2023, eighteen first first (g) On September 30, 2022, twenty first four sixteen first first (h) On October 12, 2023, twenty four $250,000, first first (i) On October 23, 2023, twenty four first first In addition to the terms specific to each loan described above, all the above loans are secured with a pledge of all the issued shares of each borrower. The loan agreements also contain covenants such as minimum requirements regarding the security cover ratio covenant (the ratio of fair value of vessel to outstanding loan less cash in retention accounts), restrictions as to changes in management and ownership of the ship-owning companies, distribution of profits or assets (i.e. not 13 December 31, 2022 2023, December 31, 2023, The publication of U.S. Dollar LIBOR for the one two December 31, 2021, June 30, 2023. 2021. not June 2023. In response to the anticipated discontinuation of LIBOR, the Alternative Reference Rate Committee, a committee convened by the Federal Reserve that includes major market participants, selected an alternative rate to replace U.S. Dollar LIBOR: the Secured Overnight Financing Rate, or “SOFR.” SOFR is a broad measure of the cost of borrowing cash in the overnight U.S. treasury repo market. SOFR is now the predominant interest rate being used across cash and derivatives markets and the one not December 31, 2023, Interest expense for the years ended December 31, 2021, 2022 2023

Note 8 - Income Taxes

Note 8 - Income Taxes	12 Months Ended
Note 8 - Income Taxes	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8. Income Taxes Under the laws of the countries of the companies’ incorporation and/or vessels’ registration, the companies are not Under the United States Internal Revenue Code of 1986, 883 not Under the Code, a corporation will be exempt from U.S. federal income tax if its stock is primarily and regularly traded on an established securities market in its country of organization, in another country that grants an “equivalent exemption” to United States corporations, or in the United States, which is referred to as the “Publicly Traded Test”. Under IRS regulations, a Company’s shares will be considered to be regularly traded on an established securities market if (i) one 50% 60 one sixth 10% in the case of a short taxable year. Notwithstanding the foregoing, the treasury regulations provide, in pertinent part, that a class of the Company’s shares will not 50% 5% “5% For the taxable years 2021 2022 2023, 2022 2023 not 50%

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	12 Months Ended
Note 9 - Commitments and Contingencies	Dec. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	9. Commitments and Contingencies There are no not On April 29, 2023 June 2023 two $ 2 48 year December 31, 2023, no As of December 31, 2023, December 31, 2024 December 31, 2025. 842. one may not not

Note 10 - Stock Incentive Plan

Note 10 - Stock Incentive Plan	12 Months Ended
Note 10 - Stock Incentive Plan	Dec. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	10. Stock Incentive Plan In May 2018, “May 2018 May 2018 five May 2018 November 2022, “November 2022 May 2018 November 2022 five November 2022 may November 2022 May 2018 November 2022 On November 4, 2019 July 1, 2020 July 1, 2021; On November 5, 2020 November 16, 2021 November 16, 2022; On November 19, 2021 July 1, 2022 July 1, 2023; On November 3, 2022 November 16, 2023 November 15, 2024; On November 10, 2023 July 1, 2024 July 1, 2025; All non-vested restricted shares are conditional upon the grantee’s continued service as an employee of the Company or Eurobulk or as a director of the Company until the applicable vesting date. The grantee does not The compensation cost that has been charged against income for awards was $230,644, $788,725 and $797,984, for the years ended December 31, 2021, 2022 2023, December 31, 2021, 2022 2023. A summary of the status of the Company’s non-vested shares as of December 31, 2021, 2022 2023, December 31, 2021, 2022 2023, Non-vested Shares Shares Weighted-Average Grant-Date Fair Value Non-vested on January 1, 2021 56,745 5.10 Granted 49,650 20.81 Vested (34,295 ) 5.62 Non-vested on December 31, 2021 72,100 15.67 Non-vested on January 1, 2022 72,100 15.67 Granted 58,600 13.95 Vested (47,750 ) 14.48 Non-vested on December 31, 2022 82,950 15.14 Non-vested on January 1, 2023 82,950 15.14 Granted 59,100 14.97 Vested (53,650 ) 15.79 Non-vested on December 31, 2023 88,400 14.63 As of December 31, 2023, November 2022 December 31, 2021, 2022 2023 December 31, 2021, 2022 2023,

Note 11 - Earnings (Loss) Per S

Note 11 - Earnings (Loss) Per Share	12 Months Ended
Note 11 - Earnings (Loss) Per Share	Dec. 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	11. Earnings / (Loss) per Share Basic and diluted earnings / (loss) per common share are computed as follows: 2021 2022 2023 Income: Net income / (loss) 31,153,821 33,542,671 (3,282,972 ) Dividends to Series B preferred shares (1,085,902 ) - - Preferred deemed dividend (665,287 ) - - Net loss attributable to the non-controlling interest - - 374,068 Net income / (loss) attributable to controlling shareholders 29,402,632 33,542,671 (2,908,904 ) Weighted average common shares – outstanding, basic 2,528,507 2,876,320 2,763,121 Basic earnings / (loss) per share 11.63 11.66 (1.05 ) Effect of dilutive securities: Dilutive effect of non-vested shares 20,443 13,671 - Weighted average common shares – outstanding, diluted 2,548,950 2,889,991 2,763,121 Diluted earnings / (loss) per share 11.54 11.61 (1.05 ) For the year ended December 31, 2023, December 31, 2023,

Note 12 - Voyage Expenses, Net

Note 12 - Voyage Expenses, Net and Vessel Operating Expenses	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Vessel Voyage and Operating Expenses [Text Block]	12. Voyage Expenses, net and Vessel Operating Expenses These consist of: Year ended December 31, 2021 2022 2023 Voyage expenses, net Port charges and canal dues 209,405 478,205 1,261,245 Bunkers consumption (including gain on bunkers) (965,403 ) (2,503,325 ) 2,731,786 Total (755,998 ) (2,025,120 ) 3,993,031 Vessel operating expenses Crew wages and related costs 8,046,730 10,906,231 11,032,888 Insurance 1,300,050 1,895,004 2,060,324 Repairs and maintenance 397,551 640,672 1,149,488 Lubricants 866,772 1,195,526 1,286,046 Spares and consumable stores 2,055,920 3,367,528 3,496,958 Professional and legal fees 369,758 498,687 794,269 Other 528,311 830,250 938,735 Total 13,565,092 19,333,898 20,758,708

Note 13 - Derivative Financial

Note 13 - Derivative Financial Instruments	12 Months Ended
Note 13 - Derivative Financial Instruments	Dec. 31, 2023
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	13. Derivative Financial Instruments Interest rate swaps Effective August 8, 2017, five 3 August 8, 2018, August 8, 2019, August 8, 2020 August 8, 2022) May 30, 2018. On July 24, 2018, July 24, 2018 July 24, 2023. 3 On April 9, 2020, April 15, 2020 April 15, 2025. 3 On October 12, 2021, October 14, 2021 October 14, 2025. 3 In March 2023, three On June 17, 2022, January 3, 2023 January 3, 2028. 3 The interest rate swaps did not December 31, 2022 2023. Freight Forward Agreements ( FFA ) In the first 2021 four first three 2021, 30 first three 2021, 30 first three 2021, 30 three 2021, 270 fourth 2021 first three 2022, 90 December 2021. In the second 2022 July, August September 2022, 90 fourth 2022 first three 2023, 90 In the first 2023 four April, May June 2023, 90 April, May June 2023, 90 July, August September 2023, 90 July, August September 2023, 90 fourth 2023 three first three 2024, 90 first three 2024, 90 first three 2024, 90 The contracts are settled on a monthly basis using the average of the BPI for the days of the month the BPI is published. The Company receives a payment if the average BPI for the month is below the contract rate equal to the difference of the contract rate less the average BPI for the month multiplied by the number of contract days sold; if the average BPI for the month is greater than the contract rate the Company makes a payment equal to the difference of the average BPI for the month less the contract rate multiplied by the number of contract days sold. If the Company buys contracts previously sold (or the opposite) the Company receives or pays the difference of the two The FFA contracts did not 14 Derivatives not designated as hedging instruments Balance Sheet Location December 31, 2022 December 31, 2023 Interest rate swap contracts Current assets - Derivatives 1,396,568 196,627 FFA contract Current assets - Derivatives 40,830 - Interest rate swap contracts Long-term assets – Derivatives 705,970 - Total derivative assets 2,143,368 196,627 FFA contracts Current liabilities – Derivatives - 1,287,720 Interest rate swap contracts Long-term liabilities – Derivatives - 17,769 Total derivative liabilities - 1,305,489 Derivatives not designated as hedging instruments Location of gain (loss) recognized Year Ended December 31, 2021 Year Ended December 31, 2022 Year Ended December 31, 2023 Interest rate swap contracts– Unrealized gain / (loss) (Loss) / gain on derivatives, net 636,705 2,181,855 (1,923,681 ) Interest rate swap contracts - Realized (loss) / gain (Loss) / gain on derivatives, net (301,905 ) (137,915 ) 1,941,446 FFA contracts – Unrealized gain / (loss) (Loss) / gain on derivatives, net 134,010 40,830 (1,328,550 ) FFA contracts– Realized (loss) / gain (Loss) / gain on derivatives, net (4,234,429 ) 1,104,840 2,529,160 Total (loss) / gain on derivatives, net (3,765,619 ) 3,189,610 1,218,375 The Company’s FFA contracts discussed above require the Company to periodically post additional collateral depending on the level of any open position under such financial instruments, which as of December 31, 2022 2023

Note 14 - Financial Instruments

Note 14 - Financial Instruments	12 Months Ended
Note 14 - Financial Instruments	Dec. 31, 2023
Notes to Financial Statements
Financial Instruments Disclosure [Text Block]	14. Financial Instruments The principal financial assets of the Company consist of cash and cash equivalents, restricted cash, trade accounts receivable, other receivables and derivatives. The principal financial liabilities of the Company consist of long-term bank loans, trade accounts payable, accrued expenses and amount due to related companies. Interest rate risk The Company enters into interest rate swap contracts as economic hedges to manage some of its exposure to variability in its floating rate long-term bank loans. Under the terms of the interest rate swaps the Company and the bank agreed to exchange, at specified intervals, the difference between a paying fixed rate and receiving floating rate interest amount calculated by reference to the agreed principal amounts and maturities. Interest rate swaps allow the Company to convert long-term bank loans issued at floating rates into equivalent fixed rates. Even though the interest rate swaps were entered into for economic hedging purposes, as noted in Note 13 not Derivatives and Hedging not December 31, 2023, one Concentration of credit risk Financial instruments, which potentially subject the Company to significant concentration of credit risk consist primarily of cash and trade accounts receivable. The Company places its temporary cash investments, consisting mostly of deposits, with high credit qualified financial institutions. The Company performs periodic evaluation of the relative credit standing of these financial institutions that are considered in the Company’s investment strategy. The Company limits its credit risk with trade accounts receivable by performing ongoing credit evaluations of its customers’ financial condition and generally does not may Fair value of financial instruments The Company follows guidance relating to “Fair value measurements”, which establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements. This statement enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The statement requires that assets and liabilities carried at fair value will be classified and disclosed in one three Level 1: Level 2: Level 3: not The estimated fair values of the Company’s financial instruments such as cash and cash equivalents and restricted cash, trade accounts payable, accrued expenses and amount due from /to related companies approximate their individual carrying amounts as of December 31, 2022 2023, 1 December 31, 2023, 2 The fair value of the Company’s in FFA contracts is determined based on quoted prices from the applicable exchanges and therefore are considered Level 1 The fair value of the Company’s interest rate swap agreement is determined using a discounted cash flow approach based on market-based SOFR swap rates. SOFR swap rates are observable at commonly quoted intervals for the full terms of the swaps and therefore are considered Level 2 2 Recurring Fair Value Measurements Fair Value Measurement as of December 31, 2023 Total (Level 1) (Level 2) (Level 3) Assets Interest rate swap contracts, current portion $ 196,627 - $ 196,627 - Liabilities FFA contract, current portion $ 1,287,720 $ 1,287,720 Interest rate swap contracts, long term portion $ 17,769 - $ 17,769 - Fair Value Measurement as of December 31, 2022 Total (Level 1) (Level 2) (Level 3) Assets Interest rate swap contracts, current portion $ 1,396,568 - $ 1,396,568 - Interest rate swap contracts, long term portion $ 705,970 - $ 705,970 - FFA contract, current portion $ 40,830 $ 40,830

Note 15 - Common Stock

Note 15 - Common Stock	12 Months Ended
Note 15 - Common Stock	Dec. 31, 2023
Notes to Financial Statements
Common Stock [Text Block]	15. Common stock As per the Company’s Amended and Restated Articles of Incorporation, the Company is authorized to issue 200,000,000 shares of common stock, par value $0.01 per share. Each outstanding share of common stock is entitled to one may may not may During the year ended December 31, 2021, June 10, 2021, October 12, 2021, On June 4, 2021, May 2021, fifteen 6 During the year ended December 31, 2021, 10 During the year ended December 31, 2022, June 10, 2021, October 12, 2021, On August 8, 2022, August 2022 12 August 2023 12 not may December 31, 2022, December 31, 2023, On October 10, 2023, December 31, 2023 no During the year ended December 31, 2022, 10 During the year ended December 31, 2023, 10

Note 16 - Non-controlling Inter

Note 16 - Non-controlling Interests in Subsidiaries	12 Months Ended
Note 16 - Non-controlling Interests in Subsidiaries	Dec. 31, 2023
Notes to Financial Statements
Noncontrolling Interest Disclosure [Text Block]	16. Non-controlling interests in Subsidiaries In October 2023, third December 31, 2023

Note 17 - Subsequent Events

Note 17 - Subsequent Events	12 Months Ended
Note 17 - Subsequent Events	Dec. 31, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	17. Subsequent events Share repurchase program: January, February March 2024,

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2023
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of consolidation The accompanying consolidated financial statements include the accounts of EuroDry Ltd. and its subsidiaries (collectively, the “Company”) referred to in Note 1. EuroDry as the holding company determines whether it has controlling financial interest in an entity by first 810 50% Following the provisions of ASC 810 may may not December 31, 2021, 2022 2023.
Use of Estimates, Policy [Policy Text Block]	Use of estimates The preparation of the accompanying consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the consolidated financial statements, and the stated amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Comprehensive Income, Policy [Policy Text Block]	Other comprehensive income / (loss) The Company has no no
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign currency translation The Company’s functional currency as well as the functional currency of all its subsidiaries is the U.S. dollar. Assets and liabilities denominated in foreign currencies are translated into U.S. dollars at exchange rates prevailing at the balance sheet date. Income and expenses denominated in foreign currencies are translated into U.S. dollars at exchange rates prevailing at the date of the transaction. The resulting exchange gains and/or losses on settlement or translation are included in the accompanying consolidated statements of operations.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash equivalents Cash equivalents are cash in bank accounts, time deposits or other certificates purchased with an original maturity of three
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted cash Restricted cash reflects deposits with certain banks that can only be used to pay the current loan installments or are required to be maintained as a certain minimum cash balance per mortgaged vessel and amounts that are pledged, blocked or held as cash collateral under the Company’s borrowing arrangements or derivative contracts.
Accounts Receivable [Policy Text Block]	Trade accounts receivable, net The amount shown as trade accounts receivable, at each balance sheet date, includes estimated recoveries from each voyage or time charter. At each balance sheet date, the Company provides for doubtful accounts on the basis of specific identified doubtful receivables. Bad debts are written off in the period in which they are identified. As of December 31, 2023, December 31, 2023 $ 134,294
Inventory, Policy [Policy Text Block]	Inventories Inventories consist of lubricants and bunkers, which are stated at the lower of cost and net realizable value, which is the estimated selling price less reasonably predictable costs of disposal and transportation. Inventories are valued using the FIFO (First-In First-Out) method.
Property, Plant and Equipment, Policy [Policy Text Block]	Vessels Vessels are stated at cost, which comprises the vessel contract price, costs of major repairs and improvements upon acquisition, direct delivery and other acquisition expenses to prepare the vessel for her initial voyage, less accumulated depreciation and impairment, if any. Subsequent expenditures for conversions and major improvements are also capitalized when they appreciably extend the life, increase the earning capacity or improve the efficiency or safety of the vessels; otherwise, these amounts are charged to expense as incurred. Expenditures for vessel repair and maintenance are charged against income in the period incurred.
Depreciation, Depletion, and Amortization [Policy Text Block]	Depreciation Depreciation is calculated on a straight line basis over the estimated useful life of the vessel with reference to the cost of the vessel, and estimated scrap value. Remaining useful lives of vessels are periodically reviewed and revised to recognize changes in conditions and such revisions, if any, are recognized over current and future periods. The Company estimates that its vessels have a useful life of 25 years from the completion of their construction. Secondhand vessels are depreciated from the date of their acquisition through their remaining estimated useful life. When regulations place limitations over the ability of a vessel to trade on a worldwide basis, its remaining useful life is adjusted at the date such regulations are adopted. The estimated salvage value of each vessel is $250 per light weight ton as of December 31, 2022 2023.
Insurance Claims and Insurance Proceeds, Policy [Policy Text Block]	Insurance claims and insurance proceeds Claims receivable are recorded on the accrual basis and represent the amounts to be received, net of deductibles incurred through each balance sheet date, for which recovery from insurance companies is probable and the claim is not
Revenue from Contract with Customer [Policy Text Block]	Revenue and expense recognition Revenues are generated mainly from time charter agreements or infrequently from voyage charter agreements. Under a time charter agreement a contract is entered into for the use of a vessel for a specific period of time and a specified daily fixed or index-linked charter hire rate. Under a voyage charter agreement, a contract is made in the spot market for the use of a vessel for a specific voyage to transport a specified agreed upon cargo at a specified freight rate per ton or occasionally a lump sum amount. Under a voyage charter agreement, the charter party generally has a minimum amount of cargo and the charterer is liable for any short loading of cargo or “dead” freight. A minor part of the Company’s revenues may December 31, 2021 not In particular, the pool manager calculates the net pool revenues using gross revenues less voyage expenses of all the pool vessels and less the general and administrative expenses of the pool and distributes the net pool revenues as time charter hire to participants based on an agreed upon formula, which is determined by pool points awarded to each vessel in the pool (vessel attributes such as age, design, cargo carrying capacity, fuel consumption and speed are taken into consideration) as well as the number of days the vessel participated in the pool in the period. The Company recognizes net pool revenues on a monthly basis, when the vessel has participated in the pool during the period and the amount of net pool revenues for the period can be estimated reliably. Revenue generated from the pool is accounted for as revenue from operating leases, pursuant to the accounting standard on leases (ASC 842 A time charter is a contract for the use of a vessel for a specific period of time and a specified daily fixed or index-linked charter hire rate, which is generally payable 15 30 2021, 2022 2023 12 3 December 31, 2023, 14 not 842, not The Company, making use of the practical expedient for lessors, elected not 842. Both the lease component and non-lease component are earned by the passage of time. Revenues under a time charter contract are recognized on a straight-line basis over the term of the respective time charter agreements, beginning when the vessel is delivered to the charterer until it is redelivered back to the Company, and are recorded in “Time charter revenue” in the consolidated statements of operations. Time charter agreements may The Company has determined that its voyage charter agreements do not not 606 one Demurrage income, which is considered a form of variable consideration, is included in voyage revenues, and represents payments by the charterer to the vessel owner when loading or discharging time exceeds the stipulated time in the voyage charter agreements. Demurrage income for the year ended December 31, 2023 not Charter fees received in advance are recorded as a liability (deferred revenue) until charter services are rendered. Vessel operating expenses are comprised of all expenses relating to the operation of the vessels, including crewing, insurance, repairs and maintenance, stores, lubricants, spares and consumables, professional and legal fees and miscellaneous expenses. Vessel operating expenses are recognized as incurred; payments in advance of services or use are recorded as prepaid expenses. Under time charter agreements, voyage expenses which are also recognized as incurred by the Company include costs for draft surveys, hold cleaning, postage, extra war risk insurance and other minor miscellaneous expenses related to the voyage. The charterer is responsible for paying the cost of bunkers and other voyage expenses whilst the vessel is on time charter. Certain voyage expenses paid by the Company, such as extra war risk insurance and holds cleaning may Under voyage charter agreements, all voyage costs are borne and paid by the Company. Voyage expenses consist primarily of bunker consumption, port and canal expenses and agency fees related to the voyage. All voyage costs are expensed as incurred with the exception of the contract fulfilment costs that incur from the later of the end of the previous vessel employment and the contract date and until the commencement of loading the cargo on the relevant vessel, which are capitalized to the extent the Company, in its reasonable judgement, determines that they (i) are directly related to a contract, (ii) will be recoverable and (iii) enhance the Company’s resources by putting the Company’s vessel in a location to satisfy its performance obligation under a contract pursuant to the provisions of ASC 340 40 Commissions (address and brokerage), regardless of charter type, are always paid by the Company, are deferred and amortized over the related charter period and are presented as a separate line item in revenues to arrive at net revenues in the accompanying consolidated statements of operations.
Dry-docking and Special Survey Expenses [Policy Text Block]	Dry-docking and special survey expenses Dry-docking and special survey expenses are expensed as incurred.
Pension and Other Postretirement Plans, Policy [Policy Text Block]	Pension and retirement benefit obligations crew The ship-owning companies contract the crews on board the vessels under short-term contracts (usually up to 9 not
Debt, Policy [Policy Text Block]	Financing costs Fees paid to lenders or required to be paid to third 470 50 not
Offering Costs, Policy [Policy Text Block]	Offering expenses Expenses directly attributable to an equity offering are deferred and are either presented against paid-in capital when the equity proceeds from the offering are received or are written-off and charged to “General and administrative expenses” in the consolidated statements of operations when it is probable that the offering will be aborted.
Share Repurchase Policy [Policy Text Block]	Share repurchases The Company records the repurchase of its common shares at cost. Until their retirement these common shares are classified as treasury stock, which is a reduction to shareholders’ equity. Treasury shares are included in authorized and issued shares but excluded from outstanding shares.
Share-Based Payment Arrangement [Policy Text Block]	Stock incentive plan awards Share-based compensation represents vested and non-vested restricted shares granted to officers and directors as well as to non-employees and are included in “General and administrative expenses” in the consolidated statements of operations. The shares to employees and directors as well as to non-employees are measured at their fair value equal to the market value of the Company’s common stock on the grant date. The shares that do not
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of vessels The Company reviews its vessels held for use for impairment whenever events or changes in circumstances indicate that the carrying amount of the vessels may not In developing its estimates of future undiscounted net operating cash flows, the Company makes assumptions and estimates about vessels’ future performance, with the assumptions being related to charter rates, fleet utilization, vessel operating expenses, drydocking costs, vessels’ residual value and the estimated remaining useful lives of the vessels. These assumptions are based on historical trends as well as future expectations. The Company determines the rates to be used in its impairment analysis based on the prevailing market charter rates for the first two third December 31, 2023, December 31, 2023, 15 2023 not 2.0% five $250
Derivatives, Policy [Policy Text Block]	Derivative financial instruments Derivative financial instruments are recorded in the balance sheet as either an asset or liability measured at its fair value with changes in the instruments’ fair value recognized as either a component in other comprehensive income if specific hedge accounting criteria are met in accordance with guidance relating to “Derivatives and Hedging” or in earnings if hedging criteria are not
Evaluation of Purchase Transactions [Policy Text Block]	Evaluation of purchase transactions When the Company enters into an acquisition transaction, it determines whether the acquisition transaction was the purchase of an asset or a business based on the facts and circumstances of the transaction. In accordance with Business Combinations (Topic 805 not
Earnings Per Share, Policy [Policy Text Block]	Earnings / (loss) per common share Basic earnings / (loss) per share is computed by dividing net income / (loss) attributable to controlling shareholders, after the deduction of dividends paid (in cash or in-kind) to preferred shareholders, if any, by the weighted-average number of common shares outstanding during the period. The weighted-average number of common shares outstanding does not December 31, 2022 2023, not Diluted earnings / (loss) per share gives effect to all potentially dilutive securities to the extent that they are dilutive, using the treasury stock method. The Company uses the treasury stock method for non-vested restricted shares, while for the preferred shares issued the Company uses the if-converted method to assess the dilutive effect.
Segment Reporting, Policy [Policy Text Block]	Segment reporting The Company reports financial information and evaluates its operations by total charter revenues and not one
New Accounting Pronouncements, Policy [Policy Text Block]	Recent accounting pronouncements In November 2023, 2023 07, 2023 07” 2023 07 2023 07 280 2023 07 December 15, 2023 December 15, 2024 not No. 2023 07

Note 1 - Basis of Presentatio_2

Note 1 - Basis of Presentation and General Information (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]	Year ended December 31, Charterer 2021 2022 2023 Amaggi Europe B.V. 15 % 11 % 17 % Tongli Shipping PTE Ltd. 11 % 12 % 16 % Quadra Commodities S.A. 27 % 13 % - OLAM Group - 13 % - Ultrabulk A/S 19 % 11 % -

Note 3 - Inventories (Tables)

Note 3 - Inventories (Tables)	12 Months Ended
Note 3 - Inventories (Tables)	Dec. 31, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, 2022 December 31, 2023 Lubricants 1,057,652 1,370,033 Bunkers - 2,747,630 Total 1,057,652 4,117,663

Note 4 - Vessels, Net (Tables)

Note 4 - Vessels, Net (Tables)	12 Months Ended
Note 4 - Vessels, Net (Tables)	Dec. 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	Cost Accumulated Depreciation Net Book Value Balance, January 1, 2022 175,645,852 (47,153,033 ) 128,492,819 - Depreciation for the year - (10,757,177 ) (10,757,177 ) - Vessel acquisitions and improvements 37,802,299 - 37,802,299 - Sale of vessel (28,079,236 ) 21,563,318 (6,515,918 ) Balance, December 31, 2022 185,368,915 (36,346,892 ) 149,022,023 - Depreciation for the year - (10,966,621 ) (10,966,621 ) - Vessel acquisitions and improvements 65,472,714 - 65,472,714 Balance, December 31, 2023 250,841,629 (47,313,513 ) 203,528,116

Note 5 - Accrued Expenses (Tabl

Note 5 - Accrued Expenses (Tables)	12 Months Ended
Note 5 - Accrued Expenses (Tables)	Dec. 31, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, 2022 December 31, 2023 Accrued payroll expenses 61,714 342,056 Accrued interest expense 500,664 877,635 Accrued general and administrative expenses 107,755 107,197 Accrued commissions 71,139 91,277 Other accrued expenses 263,447 902,441 Total 1,004,719 2,320,606

Note 7 - Long-term Bank Loans (

Note 7 - Long-term Bank Loans (Tables)	12 Months Ended
Note 7 - Long-term Bank Loans (Tables)	Dec. 31, 2023
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	Borrower December 31, December 31, 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

Note 10 - Stock Incentive Plan

Note 10 - Stock Incentive Plan (Tables)	12 Months Ended
Note 10 - Stock Incentive Plan (Tables)	Dec. 31, 2023
Notes Tables
Schedule of Nonvested Share Activity [Table Text Block]	Non-vested Shares Shares Weighted-Average Grant-Date Fair Value Non-vested on January 1, 2021 56,745 5.10 Granted 49,650 20.81 Vested (34,295 ) 5.62 Non-vested on December 31, 2021 72,100 15.67 Non-vested on January 1, 2022 72,100 15.67 Granted 58,600 13.95 Vested (47,750 ) 14.48 Non-vested on December 31, 2022 82,950 15.14 Non-vested on January 1, 2023 82,950 15.14 Granted 59,100 14.97 Vested (53,650 ) 15.79 Non-vested on December 31, 2023 88,400 14.63

Note 11 - Earnings (Loss) Per_2

Note 11 - Earnings (Loss) Per Share (Tables)	12 Months Ended
Note 11 - Earnings (Loss) Per Share (Tables)	Dec. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	2021 2022 2023 Income: Net income / (loss) 31,153,821 33,542,671 (3,282,972 ) Dividends to Series B preferred shares (1,085,902 ) - - Preferred deemed dividend (665,287 ) - - Net loss attributable to the non-controlling interest - - 374,068 Net income / (loss) attributable to controlling shareholders 29,402,632 33,542,671 (2,908,904 ) Weighted average common shares – outstanding, basic 2,528,507 2,876,320 2,763,121 Basic earnings / (loss) per share 11.63 11.66 (1.05 ) Effect of dilutive securities: Dilutive effect of non-vested shares 20,443 13,671 - Weighted average common shares – outstanding, diluted 2,548,950 2,889,991 2,763,121 Diluted earnings / (loss) per share 11.54 11.61 (1.05 )

Note 12 - Voyage Expenses, Ne_2

Note 12 - Voyage Expenses, Net and Vessel Operating Expenses (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Voyage Vessel Operating Expenses and Commissions [Table Text Block]	Year ended December 31, 2021 2022 2023 Voyage expenses, net Port charges and canal dues 209,405 478,205 1,261,245 Bunkers consumption (including gain on bunkers) (965,403 ) (2,503,325 ) 2,731,786 Total (755,998 ) (2,025,120 ) 3,993,031 Vessel operating expenses Crew wages and related costs 8,046,730 10,906,231 11,032,888 Insurance 1,300,050 1,895,004 2,060,324 Repairs and maintenance 397,551 640,672 1,149,488 Lubricants 866,772 1,195,526 1,286,046 Spares and consumable stores 2,055,920 3,367,528 3,496,958 Professional and legal fees 369,758 498,687 794,269 Other 528,311 830,250 938,735 Total 13,565,092 19,333,898 20,758,708

Note 13 - Derivative Financia_2

Note 13 - Derivative Financial Instruments (Tables)	12 Months Ended
Note 13 - Derivative Financial Instruments (Tables)	Dec. 31, 2023
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Derivatives not designated as hedging instruments Balance Sheet Location December 31, 2022 December 31, 2023 Interest rate swap contracts Current assets - Derivatives 1,396,568 196,627 FFA contract Current assets - Derivatives 40,830 - Interest rate swap contracts Long-term assets – Derivatives 705,970 - Total derivative assets 2,143,368 196,627 FFA contracts Current liabilities – Derivatives - 1,287,720 Interest rate swap contracts Long-term liabilities – Derivatives - 17,769 Total derivative liabilities - 1,305,489
Derivative Instruments, Gain (Loss) [Table Text Block]	Derivatives not designated as hedging instruments Location of gain (loss) recognized Year Ended December 31, 2021 Year Ended December 31, 2022 Year Ended December 31, 2023 Interest rate swap contracts– Unrealized gain / (loss) (Loss) / gain on derivatives, net 636,705 2,181,855 (1,923,681 ) Interest rate swap contracts - Realized (loss) / gain (Loss) / gain on derivatives, net (301,905 ) (137,915 ) 1,941,446 FFA contracts – Unrealized gain / (loss) (Loss) / gain on derivatives, net 134,010 40,830 (1,328,550 ) FFA contracts– Realized (loss) / gain (Loss) / gain on derivatives, net (4,234,429 ) 1,104,840 2,529,160 Total (loss) / gain on derivatives, net (3,765,619 ) 3,189,610 1,218,375

Note 14 - Financial Instrumen_2

Note 14 - Financial Instruments (Tables)	12 Months Ended
Note 14 - Financial Instruments (Tables)	Dec. 31, 2023
Notes Tables
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurement as of December 31, 2023 Total (Level 1) (Level 2) (Level 3) Assets Interest rate swap contracts, current portion $ 196,627 - $ 196,627 - Liabilities FFA contract, current portion $ 1,287,720 $ 1,287,720 Interest rate swap contracts, long term portion $ 17,769 - $ 17,769 - Fair Value Measurement as of December 31, 2022 Total (Level 1) (Level 2) (Level 3) Assets Interest rate swap contracts, current portion $ 1,396,568 - $ 1,396,568 - Interest rate swap contracts, long term portion $ 705,970 - $ 705,970 - FFA contract, current portion $ 40,830 $ 40,830

Note 1 - Basis of Presentatio_3

Note 1 - Basis of Presentation and General Information (Details Textual)		12 Months Ended
	May 30, 2018 shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares	Jan. 08, 2018
Number of Subsidiaries Contributed by Euroseas					7
Working Capital		$ (1,300,000)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		(3,282,972)	$ 33,542,671	$ 31,153,821
Net Income (Loss) Available to Common Stockholders, Basic		(2,908,904)	33,542,671	29,402,632
Net Cash Provided by (Used in) Operating Activities		11,806,062	$ 32,985,341	$ 39,138,291
Cash		8,000,000
Restricted Cash		$ 6,100,000
The Pittas Family [Member] \| Preferred Friends Investment Company, Inc [Member]
Subsidiary, Ownership Percentage, Noncontrolling Owner		47.60%
Preferred Class B [Member]
Stock Issued During Period, Shares, Percentage	50%
Common Stock [Member]
Stock Issued During Period, Shares, New Issues (in shares) \| shares	2,254,830		65,130	341,017
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		$ 0	$ 0	$ 0

Note 1 - Basis of Presentatio_4

Note 1 - Basis of Presentation and General Information - Charterers Accounting For More Than 10% of Revenue (Details) - Revenue Benchmark [Member] - Customer Concentration Risk [Member]	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Amaggi [Member]
Percent of revenue	17%	11%	15%
Tongli Shipping PTE Ltd. [Member]
Percent of revenue	16%	12%	11%
Quadra Commodities S.A. [Member]
Percent of revenue	0%	13%	27%
OLAM Group [Member]
Percent of revenue	0%	13%	0%
Ultrabulk A/S [Member]
Percent of revenue	0%	11%	19%

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Details Textual)	12 Months Ended
Note 2 - Significant Accounting Policies (Details Textual)	Dec. 31, 2023 USD ($)	Dec. 31, 2022
Provisions For Bad Debt Expense	$ (134,294)
Estimated Salvage Value of Each Vessel, Per Light Weight Ton	250	250
Number of Vessels Subject to Impairment	3
Vessels [Member]
Property, Plant and Equipment, Useful Life (Year)	25 years

Note 3 - Inventories - Summary

Note 3 - Inventories - Summary of Inventories (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Inventory	$ 4,117,663	$ 1,057,652
Lubricant [Member]
Inventory	1,370,033	1,057,652
Bunkers [Member]
Inventory	$ 2,747,630	$ 0

Note 4 - Vessels, Net (Details

Note 4 - Vessels, Net (Details Textual) - USD ($)					12 Months Ended
Note 4 - Vessels, Net (Details Textual) - USD ($)	Sep. 08, 2023	Sep. 08, 2022	Apr. 18, 2022	Jan. 12, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Payments to Acquire Vessel					$ 65,286,558	$ 37,786,324	$ 36,823,327
Gain (Loss) on Disposition of Property Plant Equipment, Total					0	2,856,525	$ 0
Water Ballast Treatment Systems [Member]
Vessel Improvements						610,000
Smart Bunkers Monitoring Systems [Member]
Vessel Improvements					$ 130,000	220,000
M/V Molyvos Luck [Member]
Payments to Acquire Vessel				$ 21,214,125
M/V Santa Cruz [Member]
Payments to Acquire Vessel			$ 15,754,264
M/V Yannis Pittas [Member]
Payments to Acquire Vessel	$ 21,144,816
M/V Christos K [Member]
Payments to Acquire Vessel	22,095,232
M/V Maria [Member]
Payments to Acquire Vessel	$ 22,103,421
M/V Pantelis [Member]
Proceeds From Sale of Vessel		$ 9,372,443
Gain (Loss) on Disposition of Property Plant Equipment, Total						$ 2,856,525

Note 4 - Vessels, Net - Summary

Note 4 - Vessels, Net - Summary of Vessels (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Book Value	$ 149,022,023
- Depreciation for the year	(10,966,621)	$ (10,757,177)	$ (7,656,638)
Net Book Value	203,528,116	149,022,023
Vessels [Member]
Costs	185,368,915	175,645,852
Accumulated Depreciation	(36,346,892)	(47,153,033)
Net Book Value	149,022,023	128,492,819
- Depreciation for the year	(10,966,621)	(10,757,177)
- Vessel acquisitions and improvements	65,472,714	37,802,299
- Sale of vessel, Cost		(28,079,236)
- Sale of vessel, accumulated depreciation		21,563,318
- Sale of vessel		(6,515,918)
Costs	250,841,629	185,368,915	175,645,852
Accumulated Depreciation	(47,313,513)	(36,346,892)	(47,153,033)
Net Book Value	$ 203,528,116	$ 149,022,023	$ 128,492,819

Note 5 - Accrued Expenses - Sum

Note 5 - Accrued Expenses - Summary of Accrued Expenses (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Accrued payroll expenses	$ 342,056	$ 61,714
Accrued interest expense	877,635	500,664
Accrued general and administrative expenses	107,197	107,755
Accrued commissions	91,277	71,139
Other accrued expenses	902,441	263,447
Total	$ 2,320,606	$ 1,004,719

Note 6 - Related Party Transa_2

Note 6 - Related Party Transactions (Details Textual)										1 Months Ended				12 Months Ended
Note 6 - Related Party Transactions (Details Textual)	Oct. 13, 2023 USD ($)	Apr. 18, 2022 USD ($)	Jan. 12, 2022 USD ($)	Jan. 01, 2022 EUR (€)	Sep. 29, 2021 USD ($)	Jun. 04, 2021 USD ($) $ / shares shares	May 10, 2021 USD ($)	Jan. 01, 2012 EUR (€)	Jan. 01, 2011	Oct. 31, 2023 USD ($)	Jan. 31, 2023 EUR (€)	Apr. 30, 2022	Feb. 28, 2022 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2024 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Related Party Transaction, Agreement Term (Year)									5 years							5 years	5 years	5 years
Related Party Transaction, Daily Vessel Management Fee per Vessel in Operation				€ 720				€ 685								$ 853	€ 775
Related Party Transaction, Daily Vessel Management Fee per Vessel in Lay-up				€ 360				€ 342.5			€ 387.5					$ 426
Foreign Currency Exchange Rate, Translation																1.1
Accounts Receivable, after Allowance for Credit Loss, Current																$ 6,740,606		$ 7,147,833
Payments to Acquire Vessel																65,286,558		37,786,324	$ 36,823,327
Proceeds from Related Party Debt																0		0	6,000,000
Interest Expense, Operating and Nonoperating																6,277,704		3,622,458	2,040,694
Gain (Loss) on Extinguishment of Debt, Total																0		0	(1,647,654)
Share Price (in dollars per share) \| $ / shares						$ 27.44
Repayments of Related Party Debt																0		0	$ 2,700,000
M/V Molyvos Luck [Member]
Payments to Acquire Vessel			$ 21,214,125
M/V Santa Cruz [Member]
Payments to Acquire Vessel		$ 15,754,264
Related Party [Member]
Accounts Receivable, after Allowance for Credit Loss, Current																0		2,416,180
Notes and Loans Payable																577,542
Eurochart [Member] \| M/V Maria, M/V Christos K and M/V Yannis Pittas [Member]
Related Party Transaction, Amounts of Transaction										$ 650,000
Eurochart [Member] \| M/V Molyvos Luck [Member]
Payments to Acquire Vessel													$ 210,000
Eurochart [Member] \| M/V Santa Cruz [Member]
Related Party Transaction, Amounts of Transaction		$ 157,500
Sentinel [Member]
Related Party Transaction, Commission on Premium, Maximum, Percentage																			5%
Technomar [Member]
Related Party Transaction, Amounts of Transaction per Crew Member per Month																			$ 50
Ergina Shipping Ltd. [Member]
Related Party Contract, Annual Proceeds	$ 15,000
Proceeds from Related Party Debt							$ 6,000,000
Debt Instrument, Interest Rate, Stated Percentage							8%
Interest Expense, Operating and Nonoperating																			79,533
Debt Instrument, Convertible, Threshold Trading Days						15
Debt Instrument, Convertible, Conversion Price (in dollars per share) \| $ / shares						$ 18.3
Gain (Loss) on Extinguishment of Debt, Total						$ (1,647,654)
Repayments of Related Party Debt					$ 2,700,000
Ergina Shipping Ltd. [Member] \| Loan Converted into Common Stock [Member]
Debt Conversion, Original Debt, Amount						$ 3,300,000
Debt Conversion, Converted Instrument, Shares Issued (in shares) \| shares						180,308
Related Party Management Fees [Member]
Vessel Management Fees																3,281,361		2,968,073	2,350,747
Annual Compensation [Member] \| Eurobulk Ltd. [Member]
Related Party Transaction, Amounts of Transaction																1,350,000		1,250,000	1,250,000
Additional Special Bonus [Member] \| Eurobulk Ltd. [Member]
Related Party Transaction, Amounts of Transaction																0		210,000	460,000
Executive Management Services [Member] \| Eurobulk Ltd. [Member]
Related Party Transaction, Amounts of Transaction																1,350,000		1,460,000	$ 1,710,000
Vessel Sales [Member] \| Eurochart [Member]
Related Party Transaction, Commission, Percentage																			1%
Charter Revenues [Member] \| Eurochart [Member]
Related Party Transaction, Amounts of Transaction																630,433		932,123	$ 856,334
Related Party Transaction, Commission, Percentage																			1.25%
Commission of Purchase Price Paid by Seller of Vessel [Member] \| Eurochart [Member]
Related Party Transaction, Commission, Percentage																			1%
Payments to Acquire Vessel																			$ 365,000
Commission In Connection With Sale of Vessel [Member] \| Eurochart [Member]
Related Party Transaction, Amounts of Transaction																		96,750
Related Party Transaction, Commission, Percentage										1%		1%
Crew Fees [Member] \| Sentinel [Member]
Related Party Transaction, Amounts of Transaction																63,237		69,205	43,478
Crew Fees [Member] \| Technomar [Member]
Related Party Transaction, Amounts of Transaction																$ 128,418		$ 138,397	$ 86,906
Payments From Administrative Contract [Member] \| Ergina Shipping Ltd. [Member]
Related Party Transaction, Amounts of Transaction	4,600
Lump Sum Payment From Administrative Contract [Member] \| Ergina Shipping Ltd. [Member]
Related Party Transaction, Amounts of Transaction	$ 110,000
Forecast [Member]
Related Party Transaction, Daily Vessel Management Fee per Vessel in Operation														$ 891	€ 810
Related Party Transaction, Daily Vessel Management Fee per Vessel in Lay-up														446	€ 405
Forecast [Member] \| Annual Compensation [Member] \| Eurobulk Ltd. [Member]
Related Party Transaction, Amounts of Transaction														$ 1,400,000

Note 7 - Long-term Bank Loans_2

Note 7 - Long-term Bank Loans (Details Textual)

1 Months Ended

12 Months Ended

Oct. 23, 2023 USD ($)

Oct. 12, 2023 USD ($)

Jun. 20, 2023 USD ($)

May 01, 2023 USD ($)

Mar. 03, 2023 USD ($)

Sep. 30, 2022 USD ($)

Oct. 06, 2021 USD ($)

Sep. 30, 2021 USD ($)

Aug. 12, 2021 USD ($)

Feb. 24, 2021 USD ($)

Feb. 22, 2021 USD ($)

Jan. 29, 2021 USD ($)

Jan. 27, 2021 USD ($)

Apr. 27, 2018 USD ($)

Oct. 30, 2022 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Long-term Debt, Total

$ 104,835,000

Interest Expense, Operating and Nonoperating

6,277,704

$ 3,622,458

$ 2,040,694

Restricted Cash [Member]

Cash Deposits

$ 6,097,569

$ 3,080,863

Piraeus Bank S.A. [Member]

Debt Instrument, Number of Periodic Payments

Debt Instrument, Covenant, Security Cover Ratio

125%

Payments of Debt Issuance Costs

$ 72,000

Proceeds from Issuance of Debt

$ 8,000,000

Chailease International Financial Services [Member]

Proceeds from Issuance of Debt

$ 9,000,000

Secured Overnight Financing Rate (SOFR) [Member] | Piraeus Bank S.A. [Member]

Debt Instrument, Basis Spread on Variable Rate

2.70%

Secured Overnight Financing Rate (SOFR) [Member] | Chailease International Financial Services [Member]

Debt Instrument, Basis Spread on Variable Rate

3.50%

Debt Instrument, Redemption, Period One [Member] | Piraeus Bank S.A. [Member]

Debt Instrument, Periodic Payment, Total

$ 750,000

Debt Instrument, Redemption, Period One [Member] | Chailease International Financial Services [Member]

Debt Instrument, Periodic Payment, Total

$ 300,000

Debt Instrument, Redemption, Period Two [Member] | Piraeus Bank S.A. [Member]

Debt Instrument, Periodic Payment, Total

250,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

$ 3,000,000

Debt Instrument, Redemption, Period Two [Member] | Chailease International Financial Services [Member]

Debt Instrument, Periodic Payment, Total

200,000

Kamsarmax One Shipping Ltd. and Ultra One Shipping Ltd. [Member]

Long-term Debt, Total

$ 22,482,000

Eirini Shipping Ltd [Member]

Long-term Debt, Total

$ 3,300,000

Refinance M/V Starlight and Acquire M/V Good Heart [Member]

Debt Instrument, Face Amount

$ 22,000,000

Debt Instrument, Covenant, Security Cover Ratio

125%

Payments of Debt Issuance Costs

$ 176,000

Refinance M/V Starlight and Acquire M/V Good Heart [Member] | Secured Overnight Financing Rate (SOFR) [Member]

Debt Instrument, Basis Spread on Variable Rate

2.75%

Refinance M/V Starlight and Acquire M/V Good Heart [Member] | Debt Instrument, Redemption, Period One [Member]

Debt Instrument, Periodic Payment, Total

$ 1,100,000

Refinance M/V Starlight and Acquire M/V Good Heart [Member] | Debt Instrument, Redemption, Period Two [Member]

Debt Instrument, Periodic Payment, Total

600,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

2,400,000

Refinance M/V Starlight and Acquire M/V Good Heart [Member] | Debt Instrument, Redemption, Period Three [Member]

Debt Instrument, Periodic Payment, Total

200,000

Refinance M/V Starlight and Acquire M/V Good Heart [Member] | Debt Instrument, Redemption, Period Four [Member]

Debt Instrument, Periodic Payment, Total

150,000

Refinance M/V Starlight and Acquire M/V Good Heart [Member] | Debt Instrument, Redemption, Period Five [Member]

Debt Instrument, Periodic Payment, Total

100,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

8,500,000

HSBC Bank PLC [Member] | Finance Construction of M/V Ekaterini [Member]

Proceeds from Issuance of Long-term Debt, Total

$ 18,400,000

Term Loan Facility Maximum Borrowing Capacity as a Percentage of Construction Cost

70%

Term Loan Facility Maximum Borrowing Capacity as a Percentage of Vessel Market Value Upon Delivery

70%

Debt Instrument, Number of Periodic Payments

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

$ 11,300,000

Repayments of Debt

$ 11,625,000

HSBC Bank PLC [Member] | Finance Construction of M/V Ekaterini [Member] | London Interbank Offered Rate (LIBOR) 1 [Member]

Debt Instrument, Basis Spread on Variable Rate

2.80%

HSBC Bank PLC [Member] | Finance Construction of M/V Ekaterini [Member] | Debt Instrument, Redemption, Period One [Member]

Debt Instrument, Number of Periodic Payments

Debt Instrument, Periodic Payment, Total

$ 400,000

HSBC Bank PLC [Member] | Finance Construction of M/V Ekaterini [Member] | Debt Instrument, Redemption, Period Two [Member]

Debt Instrument, Number of Periodic Payments

Debt Instrument, Periodic Payment, Total

$ 325,000

Hamburg Commercial Bank AG [Member] | Term Loan [Member]

Debt Instrument, Number of Periodic Payments

Debt Instrument, Periodic Payment, Total

$ 240,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

10,160,000

Debt Instrument, Face Amount

$ 14,000,000

Term Loan Facility Maximum Borrowing Capacity as a Percentage of Vessel Market Value

52.50%

Debt Instrument, Covenant, Security Cover Ratio

125%

Payments of Debt Issuance Costs

$ 126,000

Hamburg Commercial Bank AG [Member] | Term Loan [Member] | Secured Overnight Financing Rate (SOFR) [Member]

Debt Instrument, Basis Spread on Variable Rate

2.50%

Eurobank S.A. [Member] | Term Loan [Member]

Debt Instrument, Number of Periodic Payments

Debt Instrument, Periodic Payment, Total

$ 500,000

$ 250,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

10,000,000

4,500,000

Debt Instrument, Face Amount

$ 22,000,000

$ 10,500,000

Debt Instrument, Covenant, Security Cover Ratio

120%

Payments of Debt Issuance Costs

$ 165,000

$ 78,750

Eurobank S.A. [Member] | Term Loan [Member] | Secured Overnight Financing Rate (SOFR) [Member]

Debt Instrument, Basis Spread on Variable Rate

2.10%

Eurobank S.A. [Member] | Refinance Indebtedness of M/V "Xenia" and M/V "Alexandros P." and for Working Capital [Member]

Proceeds from Issuance of Long-term Debt, Total

$ 12,885,000

13,815,000

Debt Instrument, Periodic Payment, Total

500,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

14,700,000

Debt Instrument, Face Amount

$ 26,700,000

Debt Instrument, Covenant, Security Cover Ratio

120%

Payments of Debt Issuance Costs

$ 300,000

Eurobank S.A. [Member] | Refinance Indebtedness of M/V "Xenia" and M/V "Alexandros P." and for Working Capital [Member] | Secured Overnight Financing Rate (SOFR) [Member]

Debt Instrument, Basis Spread on Variable Rate

2.75%

Sinopac Capital International (HK) Limited [Member] | Refinance Indebtedness of M/V "Eirini" and for Working Capital [Member]

Proceeds from Issuance of Long-term Debt, Total

$ 5,000,000

Debt Instrument, Periodic Payment, Total

210,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

800,000

Debt Instrument, Face Amount

5,000,000

Payments of Debt Issuance Costs

$ 100,000

Sinopac Capital International (HK) Limited [Member] | Refinance Indebtedness of M/V "Eirini" and for Working Capital [Member] | Minimum [Member]

Debt Instrument, Asset Coverage Ratio

120%

Sinopac Capital International (HK) Limited [Member] | Refinance Indebtedness of M/V "Eirini" and for Working Capital [Member] | Secured Overnight Financing Rate (SOFR) [Member]

Debt Instrument, Basis Spread on Variable Rate

3.60%

NBG [Member]

Long-term Debt, Total

$ 8,700,000

Chailease International Financial Services [Member]

Debt Instrument, Periodic Payment, Total

$ 100,000

Repayments of Debt

$ 2,850,000

Payments of Debt Issuance Costs

$ 112,500

Debt Instrument, Periodic Payment, Principal

$ 150,000

Debt Instrument, Number of Consecutive Monthly Installments

Piraeus Bank S.A. [Member]

Debt Instrument, Covenant, Security Cover Ratio

125%

Payments of Debt Issuance Costs

$ 150,000

Proceeds from Issuance of Debt

$ 20,000,000

Debt Instrument, Number of Consecutive Quarterly Installments

Piraeus Bank S.A. [Member] | Secured Overnight Financing Rate (SOFR) [Member]

Debt Instrument, Basis Spread on Variable Rate

2.25%

Piraeus Bank S.A. [Member] | Debt Instrument, Redemption, Period One [Member]

Debt Instrument, Periodic Payment, Total

$ 975,000

Piraeus Bank S.A. [Member] | Debt Instrument, Redemption, Period Two [Member]

Debt Instrument, Periodic Payment, Total

525,000

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

$ 7,700,000

Note 7 - Long-term Bank Loans -

Note 7 - Long-term Bank Loans - Summary of Long-term Debt (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Long-term debt, gross		$ 104,835,000	$ 81,855,000
Less: Current portion		(18,050,000)	(23,040,000)
Long-term portion		86,785,000	58,815,000
Deferred charges, current portion		245,447	181,913
Deferred charges, long-term portion		661,937	454,831
Long-term bank loans, current portion net of deferred charges		17,804,553	22,858,087
Long-term bank loans, long-term portion net of deferred charges		86,123,063	58,360,169
Kamsarmax Two Shipping Ltd [Member]
Long-term debt, gross	[1]	13,520,000	11,950,000
Kamsarmax One Shipping Ltd. / Ultra One Shipping Ltd. [Member]
Long-term debt, gross	[2]	21,200,000	23,200,000
Eirini Shipping Ltd [Member]
Long-term debt, gross	[3]	2,690,000	3,530,000
Light Shipping Ltd. and Good Heart Shipping Ltd. [Member]
Long-term debt, gross	[4]	14,600,000	17,000,000
Blessed Luck Shipowners [Member]
Long-term debt, gross	[5]	3,750,000	4,750,000
Areti Shipping Ltd [Member]
Long-term debt, gross		1,000,000	2,400,000
Molyvos Shipping Ltd/Santa Cruz Shipowners Ltd [Member]
Long-term debt, gross		15,575,000	19,025,000
Yannis Navigation Ltd [Member]
Long-term debt, gross		10,500,000	0
Christos Ultra LP. / Maria Ultra LP [Member]
Long-term debt, gross		$ 22,000,000	$ 0

[1]On April 27, 2018, the Company signed a term loan facility with HSBC Bank Plc. and a loan of $18.4 million was drawn by Kamsarmax Two Shipping Ltd. on April 30, 2018 to finance 70% of the construction cost but no more than 70% of the market value of M/V "Ekaterini", subject to the existence of a time charter at the time of drawdown for a minimum period of 24 months approved by the lender. The loan is payable in twenty consecutive quarterly installments commencing from July 2018, eight in the amount of $400,000 and twelve in the amount of $325,000, with a $11,300,000 balloon payment to be paid together with the last installment in April 2023. The loan bears interest at LIBOR plus a margin of 2.80%. The loan is secured with (i) first priority mortgage over M/V "Ekaterini", (ii) first assignment of earnings and insurance of M/V "Ekaterini" and (iii) other covenants and guarantees similar to the remaining loans of the Company. The security cover ratio covenant for this facility stands at 130%.[2]On January 27, 2021, the Company signed a term loan facility with Eurobank S.A. for an amount of up to $26,700,000, in order to refinance the existing indebtedness of M/V "Xenia" and M/V "Alexandros P.", amounting to $22,482,000 as of the date of refinancing, and for working capital purposes, including the partial redemption of the Company’s Series B Preferred Shares. The facility was available in two tranches. The first tranche of $13,815,000 was drawn on January 27, 2021 and the second tranche of $12,885,000 was drawn on January 29, 2021 by Kamsarmax One Shipping Ltd. and Ultra One Shipping Ltd. as the borrowers. The loan is payable in twenty-four consecutive quarterly instalments of $500,000 each, followed by a balloon payment of $14,700,000 to be paid together with the last installment in January 2027. The loan bears interest at LIBOR plus a margin of 2.75%. The loan is secured with the following: (i) first priority mortgages over M/V "Xenia" and M/V "Alexandros P.", (ii) first assignment of earnings and insurance and (iii) other covenants and guarantees similar to the remaining loans of the Company. The security cover ratio covenant for this facility stands at 120%. The Company paid loan arrangement fees of $300,000 for this loan.[3]On May 22, 2019, the Company signed a term loan facility with HSBC Bank Plc. for a loan up to the lesser of 49.9% of the market value of M/V "Eirini P" and $4.5 million to refinance the then existing indebtedness of Eirini Shipping Ltd. On May 24, 2019, a loan of $4.5 million was drawn by Eirini Shipping Ltd. The loan was payable in twelve consecutive quarterly equal installments of $200,000 each, commencing from August 2019, with a $2,100,000 balloon payment to be paid together with the last installment in May 2022. The loan bore interest at LIBOR plus a margin of 2.70%. The Company paid loan arrangement fees of $22,500 for this loan. The Company completed the refinancing of the specific loan using a loan facility with Sinopac Capital International (HK) Limited as explained in note (g) below.[4]On September 30, 2021, the Company signed a term loan facility with NBG and a loan of $22,000,000 was drawn by Light Shipping Ltd. and Good Heart Shipping Ltd. in order to refinance the existing indebtedness of M/V "Starlight", amounting to $8,700,000 as of the date of the refinancing, and to post-delivery finance part of the acquisition cost of M/V "Good Heart". The loan is payable in twenty four consecutive quarterly instalments, comprising four installments of $1,100,000 and eight installments of $600,000, followed by an interim balloon payment of $2,400,000 payable together with the 12th installment, then four installments of $200,000, six installments of $150,000 and two last installments of $100,000, followed by a balloon payment of $8,500,000 to be paid together with the last installment in September 2027. The loan bears interest at LIBOR plus a margin of 2.75%. The loan is secured with the following: (i) first priority mortgages over M/V "Starlight" and M/V "Good Heart", (ii) first assignment of earnings and insurance and (iii) other covenants and guarantees similar to the remaining loans of the Company. The security cover ratio covenant for this facility stands at 125%. The Company paid loan arrangement fees of $176,000 for this loan.[5]On August 12, 2021, the Company signed a term loan facility with Piraeus Bank S.A. and drew a loan of $8,000,000 for Blessed Luck Shipowners Ltd., in order to post-delivery finance part of the acquisition cost of M/V "Blessed Luck". The loan is payable in twelve consecutive quarterly instalments, the first four in the amount of $750,000 each and the next eight in the amount of $250,000 each, followed by a balloon payment of $3,000,000 to be paid together with the last installment in August 2024. The loan bears interest at LIBOR plus a margin of 2.70%. The loan is secured with the following: (i) first priority mortgage over M/V "Blessed Luck", (ii) first assignment of earnings and insurance and (iii) other covenants and guarantees similar to the remaining loans of the Company. The security cover ratio covenant for this facility stands at 125%. The Company paid loan arrangement fees of $72,000 for this loan.

Note 7 - Long-term Bank Loans_3

Note 7 - Long-term Bank Loans - Summary of Future Annual Loan Repayments for Long-term Debt (Details)	Dec. 31, 2023 USD ($)
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

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual)	12 Months Ended
Note 8 - Income Taxes (Details Textual)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
US Federal Gross Transportation Income Tax Rate	4%
US Source Gross Transportation Income as Percentage of Gross Transportation Shipping Income	50%
Effective United States Tax on U.S. Source Shipping			4%
Override Rule to Which the Entity is Subject, Percentage	5%	5%

Note 9 - Commitments and Cont_2

Note 9 - Commitments and Contingencies (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Apr. 29, 2023 USD ($)
Revenue, Remaining Performance Obligation, Amount	$ 9.7
Forecast [Member]
Revenue, Remaining Performance Obligation, Amount		$ 0.9	$ 8.8
Payment Guarantee [Member]
Guarantor Obligations, Number of Corporate Guarantees				2
Other Cost and Expense, Operating	$ 0.5
Corporate Payment Guarantee One [Member]
Guarantor Obligations, Current Carrying Value				$ 2
Corporate Payment Guarantee Two [Member]
Guarantor Obligations, Current Carrying Value				$ 2

Note 10 - Stock Incentive Pla_2

Note 10 - Stock Incentive Plan (Details Textual)							11 Months Ended	12 Months Ended
Note 10 - Stock Incentive Plan (Details Textual)	Nov. 10, 2022 shares	Nov. 03, 2022 shares	Nov. 19, 2021 shares	Nov. 05, 2020 shares	Nov. 04, 2019 shares	May 31, 2018 shares	Nov. 30, 2022 shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)								59,100	58,600	49,650
Share-Based Payment Arrangement, Expense \| $								$ 797,984	$ 788,725	$ 230,644
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)								0	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Granted in Period, Fair Value \| $								$ 884,727	$ 817,470	$ 1,033,217
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value \| $								791,881	$ 919,772	$ 803,188
May 2018 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)						150,000
Share Based Compensation Arrangement By Share Based Payment Awarded Term (Year)						5 years
May 2018 Plan [Member] \| Restricted Stock [Member]
Number of Key People Issued Awards				15	17
May 2018 Plan [Member] \| Restricted Stock [Member] \| The 17 Key Persons [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					24,710
May 2018 Plan [Member] \| Restricted Stock [Member] \| The 18 Key Persons [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage					50%
May 2018 Plan [Member] \| Restricted Stock [Member] \| The 18 Key Persons [Member] \| Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage					50%
May 2018 Plan [Member] \| Restricted Stock [Member] \| Officers and Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		29,600	27,700	27,100	13,940
May 2018 Plan [Member] \| Restricted Stock [Member] \| Eurobulk Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		29,000	21,950	17,800	10,770
May 2018 Plan [Member] \| Restricted Stock [Member] \| The 15 Key Persons [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)				44,900
May 2018 Plan [Member] \| Restricted Stock [Member] \| The 15 Key Persons [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage				50%
May 2018 Plan [Member] \| Restricted Stock [Member] \| The 15 Key Persons [Member] \| Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage				50%
May 2018 Plan [Member] \| Restricted Stock [Member] \| The 21 Key Persons [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			49,650
Number of Key People Issued Awards			21
May 2018 Plan [Member] \| Restricted Stock [Member] \| The 21 Key Persons [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			50%
May 2018 Plan [Member] \| Restricted Stock [Member] \| The 21 Key Persons [Member] \| Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			50%
May 2018 Plan [Member] \| Restricted Stock [Member] \| The 30 Key Persons [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		58,600
Number of Key People Issued Awards		30
May 2018 Plan [Member] \| Restricted Stock [Member] \| The 30 Key Persons [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		50%
May 2018 Plan [Member] \| Restricted Stock [Member] \| The 30 Key Persons [Member] \| Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		50%
November 2022 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)							200,000
Share Based Compensation Arrangement By Share Based Payment Awarded Term (Year)							5 years
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount \| $								$ 1,159,662
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)								9 months 12 days
November 2022 Plan [Member] \| Restricted Stock [Member] \| Officers and Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	29,600
November 2022 Plan [Member] \| Restricted Stock [Member] \| Eurobulk Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	29,500
November 2022 Plan [Member] \| Restricted Stock [Member] \| The 31 Key Persons [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	59,100
Number of Key People Issued Awards	31
November 2022 Plan [Member] \| Restricted Stock [Member] \| The 31 Key Persons [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50%
November 2022 Plan [Member] \| Restricted Stock [Member] \| The 31 Key Persons [Member] \| Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50%

Note 10 - Stock Incentive Pla_3

Note 10 - Stock Incentive Plan - Summary of the Status of the Company's Non-vested Shares (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Non-vested, shares (in shares)	82,950	72,100	56,745
Non-vested, weighted average grant date fair value (in dollars per share)	$ 15.14	$ 15.67	$ 5.1
Granted, shares (in shares)	59,100	58,600	49,650
Granted, weighted average grant date fair value (in dollars per share)	$ 14.97	$ 13.95	$ 20.81
Vested, shares (in shares)	(53,650)	(47,750)	(34,295)
Vested, weighted average grant date fair value (in dollars per share)	$ 15.79	$ 14.48	$ 5.62
Non-vested, shares (in shares)	88,400	82,950	72,100
Non-vested, weighted average grant date fair value (in dollars per share)	$ 14.63	$ 15.14	$ 15.67

Note 11 - Earnings (Loss) Per_3

Note 11 - Earnings (Loss) Per Share (Details Textual)	12 Months Ended
Note 11 - Earnings (Loss) Per Share (Details Textual)	Dec. 31, 2023 shares
Nonvested Stock Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	88,400

Note 11 - Earnings (Loss) Per_4

Note 11 - Earnings (Loss) Per Share - Summary of Basic and Diluted Loss Per Common Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (3,282,972)	$ 33,542,671	$ 31,153,821
Dividends to Series B preferred shares	0	0	(1,085,902)
Preferred deemed dividend	0	0	(665,287)
Net loss attributable to the non-controlling interest	(374,068)	0	0
Net income / (loss) attributable to controlling shareholders	$ (2,908,904)	$ 33,542,671	$ 29,402,632
Weighted average number of shares outstanding during the year, basic (in shares)	2,763,121	2,876,320	2,528,507
Earnings / (loss) per share attributable to controlling shareholders – basic (in dollars per share)	$ (1.05)	$ 11.66	$ 11.63
Dilutive effect of non-vested shares (in shares)	0	13,671	20,443
Weighted average common shares – outstanding, diluted (in shares)	2,763,121	2,889,991	2,548,950
Earnings / (loss) per share attributable to controlling shareholders – diluted (in dollars per share)	$ (1.05)	$ 11.61	$ 11.54

Note 12 - Voyage Expenses, Ne_3

Note 12 - Voyage Expenses, Net and Vessel Operating Expenses - Summary of Voyage, Vessel, Operating Expenses and Commissions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Voyage expenses	$ 3,993,031	$ (2,025,120)	$ (755,998)
Vessel operating expenses	20,758,708	19,333,898	13,565,092
Port Charges and Canal Dues [Member]
Voyage expenses	1,261,245	478,205	209,405
Bunkers [Member]
Voyage expenses	2,731,786	(2,503,325)	(965,403)
Crew Wages and Related Costs [Member]
Vessel operating expenses	11,032,888	10,906,231	8,046,730
Insurance [Member]
Vessel operating expenses	2,060,324	1,895,004	1,300,050
Repairs and Maintenance [Member]
Vessel operating expenses	1,149,488	640,672	397,551
Lubricants [Member]
Vessel operating expenses	1,286,046	1,195,526	866,772
Spares and Consumable Stores [Member]
Vessel operating expenses	3,496,958	3,367,528	2,055,920
Professional and Legal Fees [Member]
Vessel operating expenses	794,269	498,687	369,758
Other Vessel Operating Expenses [Member]
Vessel operating expenses	$ 938,735	$ 830,250	$ 528,311

Note 13 - Derivative Financia_3

Note 13 - Derivative Financial Instruments (Details Textual)		3 Months Ended	12 Months Ended
	Aug. 08, 2017 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Aug. 08, 2022	Jun. 17, 2022 USD ($)	Oct. 12, 2021 USD ($)	Aug. 08, 2020	Apr. 09, 2020 USD ($)	Aug. 09, 2019	Aug. 08, 2018	Jul. 24, 2018 USD ($)
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net			$ 1,218,375	$ 3,189,610	$ (3,765,619)
Interest Rate Swap [Member]
Derivative, Number of Instruments Held		3
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net		$ 1,600,000
Interest Rate Swap [Member] \| HSBC Bank PLC [Member]
Derivative, Term of Contract (Year)	5 years
Derivative, Notional Amount	$ 5,000,000							$ 10,000,000		$ 10,000,000			$ 5,000,000
Derivative, Variable Interest Rate	1.93%
Derivative, Average Fixed Interest Rate												1.40%
Derivative, Fixed Interest Rate						2.32%		1.032%	1.85%	0.737%	1.75%
Interest Rate Swap [Member] \| National Bank of Greece S.A. (NBG) [Member]
Derivative, Notional Amount							$ 10,000,000
Derivative, Fixed Interest Rate							3.189%
Freight Forward Agreements [Member]
Derivative, Number of Instruments Held			4		4
Freight Forward Agreements [Member] \| Restricted Cash [Member]
Derivative Liability, Fair Value of Collateral			$ 928,658	283,800
Freight Forward Agreements [Member] \| HSBC Bank PLC [Member]
Derivative, Fixed Interest Rate													2.93%
Freight Forward Agreements 1 [Member]
Charter Equivalent Rate Per Day			$ 16,500	28,175	$ 10,650
Freight Forward Agreements 2 [Member]
Derivative, Number of Instruments Held			3
Charter Equivalent Rate Per Day			$ 17,750	$ 12,000	11,050
Freight Forward Agreements 3 [Member]
Charter Equivalent Rate Per Day			16,250		12,500
Freight Forward Agreements 4 [Member]
Charter Equivalent Rate Per Day			17,500		12,550
Freight Forward Agreements 5 [Member]
Charter Equivalent Rate Per Day			10,100		$ 31,350
Freight Forward Agreements 6 [Member]
Charter Equivalent Rate Per Day			10,000
Freight Forward Agreements 7 [Member]
Charter Equivalent Rate Per Day			$ 10,675

Note 13 - Derivative Financia_4

Note 13 - Derivative Financial Instruments - Derivatives Not Designated as Hedging Instruments by Account Type (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Derivative asset, current	$ 196,627	$ 1,437,398
Interest rate swap contracts	0	705,970
Total derivative assets	196,627	2,143,368
Current liabilities- derivatives	1,287,720	0
Noncurrent liabilities- derivatives	17,769	0
Total derivative liabilities	1,305,489	0
Interest Rate Swap [Member]
Derivative asset, current	196,627	1,396,568
Interest rate swap contracts	0	705,970
Noncurrent liabilities- derivatives	17,769	0
Freight Forward Agreements [Member]
Derivative asset, current	0	40,830
Current liabilities- derivatives	$ 1,287,720	$ 0

Note 13 - Derivative Financia_5

Note 13 - Derivative Financial Instruments - Gain or Loss on Derivatives Not Designated as Hedging Instruments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
(Loss) / gain on derivatives, net	$ 1,218,375	$ 3,189,610	$ (3,765,619)
Not Designated as Hedging Instrument [Member]
(Loss) / gain on derivatives, net	1,218,375	3,189,610	(3,765,619)
Not Designated as Hedging Instrument [Member] \| Interest Rate Swap Contracts, Unrealized Gain (Loss) [Member]
(Loss) / gain on derivatives, net	(1,923,681)	2,181,855	636,705
Not Designated as Hedging Instrument [Member] \| Interest Rate Contracts, Realized (Loss) / Gain [Member]
(Loss) / gain on derivatives, net	1,941,446	(137,915)	(301,905)
Not Designated as Hedging Instrument [Member] \| Freight Forward Agreements, Unrealized Gain (Loss) [Member]
(Loss) / gain on derivatives, net	(1,328,550)	40,830	134,010
Not Designated as Hedging Instrument [Member] \| Freight Forward Agreements, Realized Gain (Loss) [Member]
(Loss) / gain on derivatives, net	$ 2,529,160	$ 1,104,840	$ (4,234,429)

Note 14 - Financial Instrumen_3

Note 14 - Financial Instruments (Details Textual) - Interest Rate Swap [Member] $ in Millions	Dec. 31, 2023 USD ($)	Mar. 31, 2023
Derivative, Number of Instruments Held		3
Not Designated as Hedging Instrument, Economic Hedge [Member]
Derivative, Number of Instruments Held	1
Derivative, Notional Amount	$ 10

Note 14 - Financial Instrumen_4

Note 14 - Financial Instruments - Fair Value of Company's Investments (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Derivative asset, current	$ 196,627	$ 1,437,398
Derivative liabilities, current	1,287,720	0
Derivatives	17,769	0
Derivative asset, noncurrent	0	705,970
Interest Rate Swap [Member]
Derivative asset, current	196,627	1,396,568
Derivatives	17,769	0
Derivative asset, noncurrent	0	705,970
Interest Rate Swap [Member] \| Fair Value, Inputs, Level 1 [Member]
Derivative asset, current	0	0
Derivatives	0
Derivative asset, noncurrent		0
Interest Rate Swap [Member] \| Fair Value, Inputs, Level 2 [Member]
Derivative asset, current	196,627	1,396,568
Derivatives	17,769
Derivative asset, noncurrent		705,970
Interest Rate Swap [Member] \| Fair Value, Inputs, Level 3 [Member]
Derivative asset, current	0	0
Derivatives	0
Derivative asset, noncurrent		0
Freight Forward Agreements [Member]
Derivative asset, current	0	40,830
Derivative liabilities, current	1,287,720	0
Forward Freight Agreement [Member]
Derivative asset, current		40,830
Forward Freight Agreement [Member] \| Fair Value, Inputs, Level 1 [Member]
Derivative asset, current		$ 40,830
Derivative liabilities, current	$ 1,287,720

Note 15 - Common Stock (Details

Note 15 - Common Stock (Details Textual)				3 Months Ended	12 Months Ended
Note 15 - Common Stock (Details Textual)	Oct. 10, 2023 USD ($) $ / shares	Jun. 04, 2021 USD ($) shares	May 30, 2018 shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) shares	Aug. 22, 2022 USD ($)	May 31, 2021 USD ($)
Common Stock, Shares Authorized (in shares) \| shares				200,000,000	200,000,000	200,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares				$ 0.01	$ 0.01	$ 0.01
Common Stock, Number of Votes				1	1
Proceeds from Issuance of Common Stock					$ 0	$ 2,685,602	$ 9,975,312
Stock Repurchase Program, Authorized Amount								$ 10,000,000
Stock Repurchased and Retired During Period, Shares (in shares) \| shares					129,303	140,301
Stock Repurchased and Retired During Period, Value					$ 2,030,570	$ 1,999,262
Common Stock [Member]
Stock Issued During Period, Shares, New Issues (in shares) \| shares			2,254,830			65,130	341,017
Stock Repurchased and Retired During Period, Shares (in shares) \| shares					129,303	140,301
Stock Repurchased and Retired During Period, Value					$ 1,293	$ 1,403
May 2018 Plan [Member]
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture, Total (in shares) \| shares					59,100	58,600	49,650
Conversion From Ergina Shipping Loan to Common Stock [Member]
Debt Conversion, Original Debt, Amount		$ 3,300,000
Debt Conversion, Converted Instrument, Shares Issued (in shares) \| shares		180,308
Ergina Shipping Ltd. [Member]
Debt Instrument, Face Amount									$ 6,000,000
At-the-market (ATM) [Member]
Stock Issued During Period, Shares, New Issues (in shares) \| shares							341,017
Proceeds from Issuance of Common Stock							$ 9,980,000
At-the-market (ATM) [Member] \| Common Stock [Member]
Stock Issued During Period, Shares, New Issues (in shares) \| shares						65,130
Proceeds from Issuance of Common Stock						$ 2,690,000
At-the-market (ATM) [Member] \| Alliance Global Partners (A.G.P.) [Member] \| Common Stock [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares	$ 0.01
Proceeds from Issuance of Common Stock				$ 0
At-the-market (ATM) [Member] \| Alliance Global Partners (A.G.P.) [Member] \| Common Stock [Member] \| Maximum [Member]
Sale of Stock, Consideration Received on Transaction	$ 6,680,000

Note 16 - Non-controlling Int_2

Note 16 - Non-controlling Interests in Subsidiaries (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Oct. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Proceeds from Noncontrolling Interests		$ 10,140,000	$ 0	$ 0
Net Income (Loss) Attributable to Noncontrolling Interest		(374,068)	$ 0	$ 0
M/V Maria and M/V Christos K [Member]
Subsidiary, Ownership Percentage, Noncontrolling Owner	39%
Proceeds from Noncontrolling Interests	$ 10,140,000
Subsidiary, Ownership Percentage, Parent	61%
Net Income (Loss) Attributable to Noncontrolling Interest		$ 374,068

Note 17 - Subsequent Events (De

Note 17 - Subsequent Events (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
Note 17 - Subsequent Events (Details Textual) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Stock Repurchased and Retired During Period, Shares (in shares)		129,303	140,301
Stock Repurchased and Retired During Period, Value		$ 2,030,570	$ 1,999,262
Subsequent Event [Member]
Stock Repurchased and Retired During Period, Shares (in shares)	30,042
Stock Repurchased and Retired During Period, Value	$ 670,000