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Investor Presentaiton

Statement of Operations (USD) Statement of Operations Data Revenues Voyage expenses Charter hire expenses Vessel operating expenses Depreciation and amortization General and administrative expenses Other income-related parties Operating income Interest and finance costs Realized gain/(loss) on derivatives Other income, net Net Income Other Financial Data Time charter equivalent rate (1) Daily vessel operating expenses (2) Adjusted EBITDA (3) $ Three Months Ended December 31, 2022 (Unaudited) 103,322,256 $ (424,343) (5,215,144) Three Months Ended December 31, 2021 (Unaudited) 68,599,782 (779,746) (4,917,012) $ (17,919,058) (15,959,727) (6,947,964) (18,205,762) (16,859,224) (5,867,454) 638,055 580,388 57,494,075 $ 22,550,972 (8,636,387) 1,404,004 1,002,018 51,263,710 $ (7,412,231) (895,782) 2,337,926 16,580,885 (Unaudited) (Unaudited) $ 52,768 $ 9,739 $ 33,508 9,423 $ 76,200,480 $ 39,370,204 (1) Our method of calculating time charter equivalent rate is to divide revenue net of voyage expenses by operating days for the relevant time period (2) Calculated by dividing vessel operating expenses by calendar days for the relevant time period (3) Represents net income/(loss) before interest and finance costs, unrealized (gain)/loss on derivatives, realized (gain)/loss on interest rate swaps, stock-based compensation expense, and depreciation and amortization and is used as a supplemental financial measure by management to assess our financial and operating performance 30
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