2022 Q4 Form 20-F Financial Statement
#000114036123010601 Filed on March 08, 2023
Income Statement
Concept | 2022 Q4 | 2022 | 2021 Q4 |
---|---|---|---|
Revenue | $38.03M | $111.9M | $14.05M |
YoY Change | 170.64% | 282.33% | |
Cost Of Revenue | $9.090M | $51.03M | $9.700M |
YoY Change | -6.29% | 117.87% | |
Gross Profit | $28.94M | $60.86M | $4.350M |
YoY Change | 565.17% | 941.58% | |
Gross Profit Margin | 76.09% | 54.39% | 30.96% |
Selling, General & Admin | $1.741M | $5.194M | $1.020M |
YoY Change | 70.64% | 89.34% | |
% of Gross Profit | 6.02% | 8.53% | 23.45% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $1.854M | $7.294M | $1.560M |
YoY Change | 18.83% | 90.25% | |
% of Gross Profit | 6.41% | 11.99% | 35.86% |
Operating Expenses | $3.594M | $12.49M | $2.580M |
YoY Change | 39.31% | 89.87% | |
Operating Profit | $25.34M | $51.59M | $1.770M |
YoY Change | 1331.69% | -7127.26% | |
Interest Expense | -$55.83K | $902.6K | -$140.0K |
YoY Change | -60.12% | -345.79% | |
% of Operating Profit | -0.22% | 1.75% | -7.91% |
Other Income/Expense, Net | -$41.18K | -$706.1K | -$50.00K |
YoY Change | -17.64% | 474.89% | |
Pretax Income | $25.24M | $50.89M | $1.580M |
YoY Change | 1497.71% | -4256.65% | |
Income Tax | $162.4K | $960.2K | $90.00K |
% Of Pretax Income | 0.64% | 1.89% | 5.7% |
Net Earnings | $25.08M | $49.93M | $1.480M |
YoY Change | 1594.69% | -3590.41% | |
Net Earnings / Revenue | 65.96% | 44.62% | 10.53% |
Basic Earnings Per Share | $5.28 | ||
Diluted Earnings Per Share | $2.65 | $5.28 | $0.16 |
COMMON SHARES | |||
Basic Shares Outstanding | 0.000 | 9.461M | |
Diluted Shares Outstanding | 42.68M |
Balance Sheet
Concept | 2022 Q4 | 2022 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $41.78M | $41.78M | |
YoY Change | 741.75% | ||
Cash & Equivalents | $41.78M | $41.78M | $4.963M |
Short-Term Investments | |||
Other Short-Term Assets | $915.2K | $915.2K | |
YoY Change | 113.92% | ||
Inventory | $893.6K | $893.6K | $3.138M |
Prepaid Expenses | |||
Receivables | $10.62M | $10.62M | $4.102M |
Other Receivables | $558.3K | $558.3K | |
Total Short-Term Assets | $54.76M | $54.76M | $12.63M |
YoY Change | 333.55% | 333.55% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $92.49M | $92.49M | $108.1M |
YoY Change | -14.43% | -14.43% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $0.00 | ||
YoY Change | |||
Other Assets | $8.521M | $8.521M | |
YoY Change | 238.29% | ||
Total Long-Term Assets | $102.7M | $102.7M | $111.4M |
YoY Change | -7.81% | -7.81% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $54.76M | $54.76M | $12.63M |
Total Long-Term Assets | $102.7M | $102.7M | $111.4M |
Total Assets | $157.5M | $157.5M | $124.0M |
YoY Change | 26.95% | 26.95% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.643M | $1.643M | $505.6K |
YoY Change | 225.03% | 225.03% | |
Accrued Expenses | $2.269M | $2.269M | $483.7K |
YoY Change | 369.16% | 369.16% | |
Deferred Revenue | $0.00 | $547.9K | |
YoY Change | -100.0% | ||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | $2.606M | $2.606M | |
YoY Change | -11.06% | ||
Total Short-Term Liabilities | $6.519M | $6.519M | $6.946M |
YoY Change | -6.15% | -6.15% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $10.46M | $10.46M | |
YoY Change | -19.94% | ||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $10.46M | $10.46M | $13.07M |
YoY Change | -19.94% | -19.94% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $6.519M | $6.519M | $6.946M |
Total Long-Term Liabilities | $10.46M | $10.46M | $13.07M |
Total Liabilities | $16.98M | $16.98M | $20.02M |
YoY Change | -15.16% | -15.16% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$32.00 | ||
YoY Change | |||
Common Stock | $1.00 | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $140.5M | $140.5M | $104.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $157.5M | $157.5M | $124.0M |
YoY Change | 26.95% | 26.95% |
Cashflow Statement
Concept | 2022 Q4 | 2022 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $25.08M | $49.93M | $1.480M |
YoY Change | 1594.69% | -3590.41% | |
Depreciation, Depletion And Amortization | $1.854M | $7.294M | $1.560M |
YoY Change | 18.83% | 90.25% | |
Cash From Operating Activities | $27.40M | $41.54M | -$530.0K |
YoY Change | -5270.53% | -1040.83% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $68.57K | $852.6K | $17.95M |
YoY Change | -99.62% | -99.23% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $12.64M | |
YoY Change | |||
Cash From Investing Activities | -$68.58K | $11.79M | -$17.95M |
YoY Change | -99.62% | -110.59% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -13.92M | -16.51M | 18.54M |
YoY Change | -175.07% | -113.6% | |
NET CHANGE | |||
Cash From Operating Activities | 27.40M | 41.54M | -530.0K |
Cash From Investing Activities | -68.58K | 11.79M | -17.95M |
Cash From Financing Activities | -13.92M | -16.51M | 18.54M |
Net Change In Cash | 13.42M | 36.82M | 60.00K |
YoY Change | 22260.77% | 550.07% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $27.40M | $41.54M | -$530.0K |
Capital Expenditures | $68.57K | $852.6K | $17.95M |
Free Cash Flow | $27.34M | $40.69M | -$18.48M |
YoY Change | -247.92% | -135.16% |
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us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-1668276 | ||
CY2022 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
3935077 | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1352501 | ||
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
4762742 | |
toro |
Increase Decrease In Other Deferred Charges
IncreaseDecreaseInOtherDeferredCharges
|
25335 | ||
CY2022 | toro |
Increase Decrease In Other Deferred Charges
IncreaseDecreaseInOtherDeferredCharges
|
-25335 | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
47831 | ||
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1304711 | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
474616 | ||
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1512592 | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
547939 | ||
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-547939 | |
us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
1034380 | ||
CY2022 | us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
1906526 | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4415044 | ||
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
41538209 | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
111288060 | ||
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
852603 | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | ||
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
12641284 | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-111288060 | ||
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
11788681 | |
toro |
Net Proceeds From Contributions From Parent
NetProceedsFromContributionsFromParent
|
105461561 | ||
CY2022 | toro |
Net Proceeds From Contributions From Parent
NetProceedsFromContributionsFromParent
|
-13460675 | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
18000000 | ||
CY2022 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
0 | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
1700000 | ||
CY2022 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
3050000 | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
395046 | ||
CY2022 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
121366515 | ||
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-16510675 | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
5663411 | ||
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
36816215 | |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5663411 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5663411 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
42479626 | |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4963411 | |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
41779626 | |
CY2021Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
700000 | |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
700000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5663411 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
42479626 | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
348799 | ||
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
690543 | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
466874 | ||
CY2022 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
0 | |
toro |
Unpaid Deferred Dry Dock Costs
UnpaidDeferredDryDockCosts
|
0 | ||
CY2022 | toro |
Unpaid Deferred Dry Dock Costs
UnpaidDeferredDryDockCosts
|
573001 | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
900000 | ||
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2100000 | |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="color: #000000; font-weight: bold; font-family: 'Times New Roman'; font-size: 10pt;">Use of estimates</div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br/> </div> <div style="display:none;"><br/></div> <div style="text-align: justify; text-indent: 20pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">The preparation of the accompanying combined carve-out financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include vessel valuations, the valuation of amounts due from charterers, residual value and the useful life of the vessels. Actual results may differ from these estimates.</div> | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | ||
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
266732 | |
CY2022 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P25Y | |
CY2022 | toro |
Revenue From Contract With Customer Number Of Performance Obligations
RevenueFromContractWithCustomerNumberOfPerformanceObligations
|
1 | |
CY2022 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
CY2022Q4 | toro |
Number Of Sub Contract Given To Third Party
NumberOfSubContractGivenToThirdParty
|
2 | |
CY2022Q4 | toro |
Minimum Age Of Vessels Participating In Tanker Pool
MinimumAgeOfVesselsParticipatingInTankerPool
|
P15Y | |
CY2021Q1 | us-gaap |
Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
|
0 | |
toro |
Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
|
1034380 | ||
us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
165463 | ||
CY2021Q4 | us-gaap |
Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
|
868917 | |
CY2022 | toro |
Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
|
2479526 | |
CY2022 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
727298 | |
CY2022Q4 | us-gaap |
Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
|
2621145 | |
CY2022 | toro |
Number Of Vessels Completing Scheduled Drydocking Repairs
NumberOfVesselsCompletingScheduledDrydockingRepairs
|
2 | |
toro |
Number Of Vessels Acquired With Charter
NumberOfVesselsAcquiredWithCharter
|
2 | ||
CY2022 | toro |
Number Of Vessels Acquired
NumberOfVesselsAcquired
|
0 | |
CY2022Q4 | toro |
Number Of Impaired Vessels
NumberOfImpairedVessels
|
0 | |
CY2021Q4 | toro |
Number Of Impaired Vessels
NumberOfImpairedVessels
|
0 | |
CY2022Q4 | toro |
Number Of Vessels Mortgaged As Collateral
NumberOfVesselsMortgagedAsCollateral
|
2 | |
CY2021Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
16300000 | |
CY2022Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
13250000 | |
CY2021Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
300257 | |
CY2022Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
180526 | |
CY2021Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
15999743 | |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
13069474 | |
CY2022Q4 | toro |
Number Of Installations Expected To Be Concluded Year Two
NumberOfInstallationsExpectedToBeConcludedYearTwo
|
2 | |
CY2021Q4 | toro |
Long Term Debt Gross Current
LongTermDebtGrossCurrent
|
3050000 | |
CY2022Q4 | toro |
Long Term Debt Gross Current
LongTermDebtGrossCurrent
|
2700000 | |
CY2021Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
119731 | |
CY2022Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
93698 | |
CY2021Q4 | us-gaap |
Secured Debt Current
SecuredDebtCurrent
|
2930269 | |
CY2022Q4 | us-gaap |
Secured Debt Current
SecuredDebtCurrent
|
2606302 | |
CY2021Q4 | toro |
Long Term Debt Gross Noncurrent
LongTermDebtGrossNoncurrent
|
13250000 | |
CY2022Q4 | toro |
Long Term Debt Gross Noncurrent
LongTermDebtGrossNoncurrent
|
10550000 | |
CY2021Q4 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
180526 | |
CY2022Q4 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
86828 | |
CY2021Q4 | us-gaap |
Secured Long Term Debt
SecuredLongTermDebt
|
13069474 | |
CY2022Q4 | us-gaap |
Secured Long Term Debt
SecuredLongTermDebt
|
10463172 | |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
2700000 | |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
2700000 | |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
7850000 | |
CY2022Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
13250000 | |
CY2021Q4 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.033 | |
CY2022Q4 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.049 | |
us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
383186 | ||
CY2022 | us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
719105 | |
CY2022Q4 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
1.06749 | |
CY2022 | toro |
Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
|
-584149 | |
CY2021Q4 | us-gaap |
Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
|
25335 | |
toro |
Brokerage Commissions
BrokerageCommissions
|
521052 | ||
CY2022 | toro |
Brokerage Commissions
BrokerageCommissions
|
1661958 | |
toro |
Brokerage Commissions Related Party
BrokerageCommissionsRelatedParty
|
372037 | ||
CY2022 | toro |
Brokerage Commissions Related Party
BrokerageCommissionsRelatedParty
|
1437276 | |
toro |
Port And Other Expenses
PortAndOtherExpenses
|
3916046 | ||
CY2022 | toro |
Port And Other Expenses
PortAndOtherExpenses
|
5794018 | |
toro |
Bunkers Consumption
BunkersConsumption
|
6251624 | ||
CY2022 | toro |
Bunkers Consumption
BunkersConsumption
|
20430020 | |
toro |
Loss Gain On Bunker Fuel
LossGainOnBunkerFuel
|
-1241 | ||
CY2022 | toro |
Loss Gain On Bunker Fuel
LossGainOnBunkerFuel
|
-3858 | |
toro |
Voyage Expenses
VoyageExpenses
|
11059518 | ||
CY2022 | toro |
Voyage Expenses
VoyageExpenses
|
29319414 | |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
7037784 | ||
CY2022 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
12315509 | |
toro |
Vessel Repair And Maintenance Expenses
VesselRepairAndMaintenanceExpenses
|
3166746 | ||
CY2022 | toro |
Vessel Repair And Maintenance Expenses
VesselRepairAndMaintenanceExpenses
|
4892750 | |
toro |
Lubricant Expenses
LubricantExpenses
|
601049 | ||
CY2022 | toro |
Lubricant Expenses
LubricantExpenses
|
1058930 | |
us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
875873 | ||
CY2022 | us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
1434441 | |
us-gaap |
Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
|
147569 | ||
CY2022 | us-gaap |
Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
|
342796 | |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
532850 | ||
CY2022 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
1663864 | |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
12361871 | ||
CY2022 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
21708290 | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
383186 | ||
CY2022 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
719105 | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
94789 | ||
CY2022 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
119731 | |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
28037 | ||
CY2022 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
63736 | |
us-gaap |
Interest Expense
InterestExpense
|
506012 | ||
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
902572 | |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
15002012 | ||
CY2022 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
51805097 | |
us-gaap |
Revenues
Revenues
|
29264268 | ||
CY2022 | us-gaap |
Revenues
Revenues
|
111885865 | |
toro |
Voyage Expenses
VoyageExpenses
|
11059518 | ||
CY2022 | toro |
Voyage Expenses
VoyageExpenses
|
29319414 | |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
12361871 | ||
CY2022 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
21708290 | |
toro |
Related Party Transaction Management Fees
RelatedPartyTransactionManagementFees
|
1853850 | ||
CY2022 | toro |
Related Party Transaction Management Fees
RelatedPartyTransactionManagementFees
|
2833500 | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | ||
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
266732 | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
3834117 | ||
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
7294476 | |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
0 | ||
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
3222631 | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1224217 | ||
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
50886596 | |
CY2021Q4 | us-gaap |
Assets
Assets
|
124046886 | |
CY2022Q4 | us-gaap |
Assets
Assets
|
157479135 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
206174 | ||
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
960181 | |
CY2022 | dei |
Auditor Name
AuditorName
|
Deloitte Certified Public Accountants S.A. | |
CY2022 | dei |
Auditor Location
AuditorLocation
|
Athens, Greece |