Pyxis Tankers (PXS) 20-F 17 Apr 24 2023 FY Annual report (foreign) Financial data

Cover

Cover - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-37611
Entity Registrant Name	PYXIS TANKERS INC.
Entity Central Index Key	0001640043
Entity Incorporation, State or Country Code	1T
Entity Address, Address Line One	59 K. Karamanli Street
Entity Address, City or Town	Maroussi
Entity Address, Country	GR
Entity Address, Postal Zip Code	15125
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
Document Accounting Standard	U.S. GAAP
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	1084	1457
Auditor Name	KPMG Certified Auditors S.A.	Ernst & Young (Hellas)
Auditor Location	Athens, Greece	Athens, Greece
Common Stock, par value $0.001 per share [Member]
Entity Addresses [Line Items]
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	PXS
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	10,542,547
Series A Cumulative Convertible Preferred Shares, par value $0.001 per share [Member]
Entity Addresses [Line Items]
Title of 12(b) Security	Series A Cumulative Convertible Preferred Shares, par value $0.001 per share
Trading Symbol	PXSAP
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	403,631
Warrants to Purchase Common Stock, par value of $0.001 per share [Member]
Entity Addresses [Line Items]
Title of 12(b) Security	Warrants to purchase Common Stock, par value of $0.001 per share
Trading Symbol	PXSAW
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	1,590,540
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	59 K. Karamanli Street
Entity Address, City or Town	Maroussi
Entity Address, Country	GR
Entity Address, Postal Zip Code	15125
City Area Code	30
Local Phone Number	210 638 0200
Contact Personnel Name	Mr. Henry Williams

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 34,539	$ 7,563
Short-term investment in time deposits	20,000
Restricted cash, current portion		376
Inventories	957	1,911
Trade accounts receivable, net	4,964	10,469
Prepayments and other current assets	226	204
Insurance claim receivable		608
Total current assets	60,880	21,131
FIXED ASSETS, NET:
Vessels, net	99,273	114,185
Advance for vessel acquisition	2,663
Total fixed assets, net	101,936	114,185
OTHER NON-CURRENT ASSETS:
Restricted cash, net of current portion	1,800	2,250
Financial derivative instrument		619
Deferred dry-dock and special survey costs, net	1,622	794
Prepayments and other non-current assets	75
Total other non-current assets	3,497	3,663
Total assets	166,313	138,979
CURRENT LIABILITIES:
Current portion of long-term debt, net of deferred financing costs	5,580	5,829
Trade accounts payable	1,695	2,604
Hire collected in advance	1,173	2,133
Accrued and other liabilities	646	967
Total current liabilities	10,084	12,561
NON-CURRENT LIABILITIES:
Long-term debt, net of current portion and deferred financing costs	55,370	59,047
Promissory note		6,000
Total non-current liabilities	55,370	65,047
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Preferred stock ($0.001 par value; 50,000,000 shares authorized; of which 1,000,000 authorized Series A Convertible Preferred Shares; 449,473 Series A Convertible Preferred Shares issued and outstanding as at December 31, 2022 and 403,631 at December 31, 2023)
Common stock ($0.001 par value; 450,000,000 shares authorized; 10,614,319 shares issued and outstanding as at December 31, 2022 and 10,542,547 at December 31, 2023, respectively)	11	11
Additional paid-in capital	110,799	111,869
Accumulated deficit	(14,270)	(50,509)
Total equity attributable to Pyxis Tankers Inc. and subsidiaries	96,540	61,371
Non-controlling interest	4,319
Total stockholders’ equity	100,859	61,371
Total liabilities and stockholders’ equity	166,313	138,979
Related Party [Member]
CURRENT ASSETS:
Due from related parties	194
CURRENT LIABILITIES:
Due to related parties	$ 990	$ 1,028

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	450,000,000	450,000,000
Common stock, shares issued	10,542,547	10,614,319
Common stock, shares outstanding	10,542,547	10,614,319
Series A Convertible Preferred Shares [Member]
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	403,631	449,473
Preferred stock, shares outstanding	403,631	449,473

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income/(Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenues, net	$ 45,468	$ 58,344	$ 25,341
Expenses:
Voyage related costs and commissions	(6,352)	(17,357)	(9,589)
Vessel operating expenses	(11,623)	(12,481)	(12,454)
General and administrative expenses	(3,448)	(2,508)	(2,538)
Management fees, related parties	(728)	(702)	(716)
Management fees, other	(760)	(916)	(852)
Amortization of special survey costs	(388)	(384)	(406)
Depreciation	(5,503)	(6,100)	(4,898)
Allowance for credit losses	78	(118)	(11)
Loss on vessel held for sale			(2,389)
Gain/(Loss) from the sale of vessels, net	25,125	(466)
Total Expenses, net	(3,599)	(41,032)	(33,853)
Operating income/(loss)	41,869	17,312	(8,512)
Other expenses, net:
Loss from debt extinguishment	(379)	(34)	(541)
Gain/(loss) from financial derivative instruments	(59)	555
Interest and finance costs	(5,835)	(4,441)	(3,285)
Interest income	1,240
Total other expenses, net	(5,033)	(3,920)	(3,826)
Net income/(loss)	36,836	13,392	(12,338)
Loss attributable to non-controlling interest	201
Net income/(loss) attributable to Pyxis Tankers Inc.	37,037	13,392	(12,338)
Dividend Series A Convertible Preferred Stock	(810)	(885)	(555)
Net income/(loss) attributable to common shareholders	$ 36,227	$ 12,507	$ (12,893)
Income/(loss) per common share, basic	$ 3.38	$ 1.18	$ (1.43)
Income/(loss) per common share, diluted	$ 2.94	$ 1.06	$ (1.43)
Weighted average number of common shares, basic	10,701,059	10,613,672	8,994,768
Weighted average number of common shares, diluted	12,585,777	12,640,581	8,994,768

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Series A Convertible Preferred Stock [Member] Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2020		$ 5	$ 79,709	$ (50,155)	$ 29,559		$ 29,559
Balance, shares at Dec. 31, 2020	181,475	5,490,719
Issuance of common stock under the PIPE, net		$ 4	23,115		23,119		23,119
Issuance of common stock under the PIPE, net, shares		3,571,429
Issuance of common stock under the promissory note		$ 1	1,111		1,112		1,112
Issuance of common stock under the promissory note, shares		300,834
Issuance of Series A Convertible Preferred shares, net			5,563		5,563		5,563
Issuance of Series A Convertible Preferred shares, shares	308,487
Conversion of Series A Convertible Preferred Shares to common stock
Conversion of Series A Convertible Preferred Shares to common stock, shares	(40,289)	180,106
Common stock from exercise of warrants			202		202		202
Common stock from exercise of warrants, shares		36,125
Common stock issued for vessel acquisition		$ 1	2,171		2,172		2,172
Common stock issued for vessel acquisition, shares		1,034,751
Preferred stock dividends				(537)	(537)		(537)
Net income/(loss)				(12,338)	(12,338)		(12,338)
Balance at Dec. 31, 2021		$ 11	111,871	(63,030)	48,852		48,852
Balance, shares at Dec. 31, 2021	449,673	10,613,964
Conversion of Series A Convertible Preferred Shares to common stock			(1)		(1)		(1)
Conversion of Series A Convertible Preferred Shares to common stock, shares	(200)	896
Preferred stock dividends				(871)	(871)		(871)
Net income/(loss)				13,392	13,392		13,392
Cancellation of Shares
Cancellation of share, shares		(1)
Fractional shares settlement for Reverse Split			(1)		(1)		(1)
Fractional shares settlement for reverse split, shares		(540)
Balance at Dec. 31, 2022		$ 11	111,869	(50,509)	61,371		61,371
Balance, shares at Dec. 31, 2022	449,473	10,614,319
Balance at Dec. 31, 2022		$ 11	111,869	(50,509)	61,371		61,371
Conversion of Series A Convertible Preferred Shares to common stock			3	(1)	2		2
Conversion of Series A Convertible Preferred Shares to common stock, shares	(45,842)	204,819
Preferred stock dividends				(797)	(797)		(797)
Net income/(loss)				37,037	37,037	(201)	36,836
Common stock re-purchase program			(1,244)		(1,244)		$ (1,244)
Common stock re-purchase program, shares		(331,591)					331,591
Restricted common stock grants			171		171		$ 171
Restricted common stock grants, shares		55,000
Contributions from non-controlling interest						4,520	4,520
Balance at Dec. 31, 2023		$ 11	$ 110,799	$ (14,270)	$ 96,540	$ 4,319	$ 100,859
Balance, shares at Dec. 31, 2023	403,631	10,542,547

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income/(loss)	$ 36,836	$ 13,392	$ (12,338)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Depreciation	5,503	6,100	4,898
Amortization and write-off of special survey costs	388	384	406
Allowance for credit losses	(78)	118	11
Amortization and write-off of financing costs	247	303	247
Amortization of restricted common stock grants	171
Loss from debt extinguishment	379	34	541
Loss/(Gain) from financial derivative instrument	59	(555)
Loss on vessels held for sale			2,389
Gain on sale of vessels, net	(25,125)
Issuance of common stock under the promissory note			55
Changes in assets and liabilities:
Inventories	954	(344)	(886)
Due from/(to) related parties	(231)	(2,940)	6,276
Trade accounts receivable, net	5,583	(8,871)	(1,064)
Prepayments and other assets	(97)	(18)	(53)
Insurance claim receivable	608	(608)
Special survey cost	(1,379)	(519)
Trade accounts payable	(1,094)	(227)	(618)
Hire collected in advance	(960)	2,133	(726)
Accrued and other liabilities	(322)	(108)	(34)
Net cash provided by/(used in) operating activities	21,442	8,274	(896)
Cash flow from investing activities:
Proceeds from the sale of vessel, net	64,213	8,509
Advance for vessel acquisition	(2,663)
Payments for vessel acquisition	(28,500)	(2,995)	(43,005)
Ballast water treatment system installation	(768)	(561)	(175)
Vessel additions	(77)		(14)
Short-term investment in time deposits	(20,000)
Net cash provided by investing activities	12,205	4,953	(43,194)
Cash flows from financing activities:
Proceeds from long-term debt	34,500		59,500
Repayment of long-term debt	(38,760)	(12,030)	(35,980)
Contributions from non-controlling interest	4,520
Gross proceeds from issuance of common stock			25,000
Common stock offering costs			(1,899)
Gross proceeds from the issuance of Series A Convertible Preferred units 9			6,170
Preferred shares offering costs			(548)
Proceeds from exercise of warrants into common shares			202
Repayment of promissory note	(6,000)		(1,000)
Financial derivative instrument	561	10	(74)
Payment of financing costs	(277)	(20)	(907)
Preferred stock dividends paid	(797)	(871)	(537)
Common stock re-purchase program	(1,244)
Fractional shares paid		(1)
Net cash provided by/(used in) financing activities	(7,497)	(12,912)	49,927
Net increase in cash and cash equivalents and restricted cash	26,150	315	5,837
Cash and cash equivalents and restricted cash at the beginning of the period	10,189	9,874	4,037
Cash and cash equivalents and restricted cash at the end of the period	36,339	10,189	9,874
SUPPLEMENTAL INFORMATION:
Cash paid for interest	5,630	3,912	2,929
Non-cash financing activities – issuance of common stock under the promissory note			1,055
Non-cash financing activities – Promissory Note increase financing acquisition of vessel “Pyxis Lamda”			3,000
Non-cash financing activities – issuance of common stock financing acquisition of vessel “Pyxis Lamda”			2,172
Unpaid portion for common stock offering costs and issuance of preferred shares			77
Unpaid portion of financing costs	16		412
Unpaid portion of Special survey cost	126
Unpaid portion of vessel additions			15
Unpaid portion of Ballast water treatment system installation	43		16
Unpaid portion of acquisition of vessel “Pyxis Lamda”			$ 2,995

Basis of Presentation and Gener

Basis of Presentation and General Information:	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation and General Information:	1. Basis of Presentation and General Information: PYXIS TANKERS INC. (“Pyxis”) is a corporation incorporated in the Republic of the Marshall Islands on March 23, 2015. As of December 31, 2023, Pyxis owns 100% three ● SEVENTHONE CORP., established under the laws of the Republic of the Marshall Islands (“Seventhone”); ● TENTHONE CORP., established under the laws of the Republic of the Marshall Islands (“Tenthone”); ● ELEVENTHONE CORP., established under the laws of the Republic of the Marshall Islands (“Eleventhone”). Pyxis as of December 31, 2023, owns 60% 6.78 Konkar Ormi “Konkar Ormi” Pyxis also currently owns 100% ● SECONDONE CORPORATION LTD, established under the laws of the Republic of the Marshall Islands (“Secondone”) that owned the vessel “Northsea Alpha” that was sold to an unaffiliated third party on January 28, 2022; ● THIRDONE CORPORATION LTD, established under the laws of the Republic of the Marshall Islands (“Thirdone”) that owned the vessel “Northsea Beta” that was sold to an unaffiliated third party on March 1, 2022; ● FOURTHONE CORPORATION LTD, established under the laws of the Republic of Malta (“Fourthone”) that owned the vessel “Pyxis Malou” that was sold to an unaffiliated third party on March 23, 2023; ● SIXTHONE CORP., established under the laws of the Republic of the Marshal Islands (“Sixthone”) that owned the vessel “Pyxis Delta” that was sold to an unaffiliated third party on January 13, 2020; ● EIGHTHONE CORP., established under the laws of the Republic of the Marshall Islands (“Eighthone”) that owned the vessel “Pyxis Epsilon” that was sold to an unaffiliated third party on December 15, 2023; ● MARITIME TECHNOLOGIES CORP, established under the laws of Delaware and ● DRYTWO CORP. (“Drytwo”), stablished under the laws of the Republic of the Marshall Islands (“Drytwo”). On November 28, 2023 “Drytwo” entered into a definitive agreement with an unaffiliated third party to purchase an 82,013 dwt dry-bulk vessel built in 2015 at Jiangsu New Yangzi Shipbuilding. As of December 31, 2023, the Company has paid in-advance amount of $ 2,663 All of the Vessel-owning companies are engaged in the marine transportation of liquid cargoes through the ownership and operation of tanker vessels and dry commodities through the ownership and operation of dry-bulk carriers, as listed below: Schedule of Ownership and Operation of Tanker Vessels Vessel-owning Company Incorporation date Vessel DWT Year built Acquisition date Tanker fleet Seventhone 05/31/2011 Pyxis Theta 51,795 2013 09/16/2013 Tenthone 04/22/2021 Pyxis Karteria 46,652 2013 07/15/2021 Eleventhone 11/09/2021 Pyxis Lamda 50,145 2017 12/20/2021 Dry-bulk fleet Dryone 07/04/2023 Konkar Ormi 63,520 2016 09/14/2023 Secondone, Thirdone and Fourthone were initially established under the laws of the Republic of the Marshall Islands, under the names SECONDONE CORP., THIRDONE CORP. and FOURTHONE CORP., respectively. In March and April 2018, these vessel-owning companies completed their re-domiciliation under the jurisdiction of the Republic of Malta and were renamed as mentioned above. In December 2022, Secondone and Thirdone re-domiciled again under the jurisdiction of the Republic of the Marshall Islands. For further information, please refer to Note 8. Northsea Alpha, Northsea Beta, Pyxis Malou and Pyxis Epsilon was sold to unaffiliated third parties on January 28, 2022, March 1, 2022, March 23, 2023 and December 15, 2023, respectively. The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the accounts of Pyxis and its subsidiaries as presented in Note 1 above (collectively the “Company”), as of December 31, 2022 and 2023 and for the years ended December 31, 2021, 2022 and 2023. All of the Company’s vessels are double-hulled and are engaged in the transportation of refined petroleum products and other liquid bulk items, such as organic chemicals and vegetable oils, and dry-bulk commodities. The vessels “ Pyxis Theta”, “Pyxis Karteria” and “Pyxis Lamda” “Konkar Ormi” Prior to the consummation of the transactions discussed below, Mr. Valentios (“Eddie”) Valentis was the sole ultimate stockholder of Pyxis and certain vessel-owning companies, holding all of their issued and outstanding share capital through Maritime Investors. Specifically, Maritime Investors owned directly 100% 100% PYXIS MARITIME CORP. (“Maritime”), a corporation established under the laws of the Republic of the Marshall Islands, which is beneficially owned by Mr. Valentis, provides certain ship management services to the Vessel-owning companies (Note 3). With effect from the delivery of each tanker vessel, the crewing and technical management of the vessels are contracted to INTERNATIONAL TANKER MANAGEMENT LTD. (“ITM”) with permission from Maritime. ITM is an unrelated third party technical manager, represented by its branch based in Dubai, UAE. Each ship-management agreement with ITM is in force until it is terminated by either party. The ship-management agreements can be cancelled either by the Company or ITM for any reason at any time upon three months’ advance notice. Konkar Shipping Agencies, S.A. (“Konkar Agencies”) provides similar technical management and commercial management services for our dry-bulk vessels. As of December 31, 2022 and December 31, 2023, Mr. Valentis beneficially owned 54.0% 54.3%

Significant Accounting Policies

Significant Accounting Policies:	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Significant Accounting Policies:	2. Significant Accounting Policies: (a) Principles of Consolidation: Pyxis, as the holding company, determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity. Under Accounting Standards Codification (“ASC”) 810 “Consolidation” a voting interest entity is an entity in which the total equity investment at risk is sufficient to enable the entity to finance itself independently and provides the equity holders with the obligation to absorb losses, the right to receive residual returns and the right to make financial and operating decisions. Pyxis consolidates voting interest entities in which it owns all, or at least a majority (generally, greater than 50%), of the voting interest. Variable interest entities (“VIE”) are entities as defined under ASC 810-10, that in general either do not have equity investors with voting rights or that have equity investors that do not provide sufficient financial resources for the entity to support its activities. A controlling financial interest in a VIE is present when a company absorbs a majority of an entity’s expected losses, receives a majority of an entity’s expected residual returns, or both. The company with a controlling financial interest, known as the primary beneficiary, is required to consolidate the VIE. Pyxis evaluates all arrangements that may include a variable interest in an entity to determine if it may be the primary beneficiary, and would be required to include assets, liabilities and operations of a VIE in its Consolidated Financial Statements. On July 5, 2023, the Company acquired an 60% 6.78 40% 4.52 60% 50 502 301 201 Schedule of VIE’s Assets and Liabilities Amount Total current assets $ 770 Total fixed assets, net 28,094 Total other non-current assets 800 Total assets: $ 29,664 Total current liabilities $ 1,867 Total non-current liabilities 16,999 Total stockholders’ equity 10,798 Total liabilities and stockholders’ equity: $ 29,664 (b) Use of Estimates: (c) Comprehensive Income / (Loss): (d) Foreign Currency Translation: (e) Commitments and Contingencies: (f) Insurance Claims Receivable: that there is no material impact on the Company’s as of the date of the adoption of ASC 326 on January 1, 2021 and as of December 31, 2022 and 2023, and thus no provision for credit losses was recorded as of those dates (g) Concentration of Credit Risk: (h) Cash and Cash Equivalents and Restricted Cash: that there is no impact on the Company’s as of the date of the adoption of ASC 326 on January 1, 2020 and as of December 31, 2022 and 2023 and thus no provision for credit losses was recorded as of those dates. (i) Income Taxes: Neither Pyxis Tankers Inc. nor any of its subsidiaries are subject to income taxes The vessel-owning companies with vessels that have called on the United States during the relevant year of operation are obliged to file income tax returns with the Internal Revenue Service. The applicable tax is 50% of 4% of U.S. related gross transportation income unless an exemption applies. The Company believes that based on current legislation the relevant vessel-owning companies are entitled to an exemption because they satisfy the relevant requirements, namely that (i) the related vessel-owning companies are incorporated in a jurisdiction granting an equivalent exemption to U.S. corporations and (ii) over 50% of the ultimate stockholders of the vessel-owning companies are residents of a country granting an equivalent exemption to U.S. persons. The Company and each of its subsidiaries believes it qualifies for this statutory tax exemption for the 2023, 2022 and 2021 taxable years (the tax years that remain subject to examination), and is not liable for U.S. federal income tax. The Company takes this position for United States federal income tax return reporting purposes. The Company also believes the vessel owning companies are exempt from income taxes in the other ports where they have called under various exemptions for the shipping industry. Instead, a non-income-based tax is levied in certain of the countries where the vessels trade based on their tonnage, which is included in Vessel operating expenses in the accompanying Consolidated Statements of Comprehensive Income/(Loss). (j) Inventories (k) Trade Accounts Receivable, Net and Hire Collected in Advance 10,572 4,764 138 60 35 260 2,133 1,173 (l) Allowance for credit losses (9) The adoption of ASC 326 primarily impacted trade receivables recorded on Consolidated Balance Sheet. In particular, the Company assessed that any impairment of receivables arising from operating leases, i.e. time charters, should be accounted for in accordance with Topic 842, Leases, and not in accordance with Topic 326. Impairment of receivables arising from voyage charters, which are accounted for in accordance with Topic 606, Revenues from Contracts with Customers, are within the scope of Subtopic 326 and must therefore be assessed for expected credit losses. The Company assessed collectability by reviewing accounts receivable on a collective basis where similar characteristics exist and on an individual basis when the Company identifies specific customers with known disputes or collectability issues. In determining the amount of the allowance for credit losses, the Company considered historical collectability based on past due status. The Company also considered customer-specific information, current market conditions and reasonable and supportable forecasts of future economic conditions to inform adjustments to historical loss data. The Company maintains an allowance for credit losses for expected uncollectable accounts receivable, which is recorded as an offset to trade accounts receivable and changes in such, if any, are classified as Allowance of credit losses in the Consolidated Statements of Comprehensive Income/(Loss). As of December 31, 2022 and December 31, 2023, the Company concluded on an expected credit loss rate of 1.3 1.6 118 78 (m) Vessels, Net The cost of each of the Company’s vessels is depreciated from the date of acquisition on a straight-line basis over the vessels’ remaining estimated economic useful life, after considering the estimated residual value. A vessel’s residual value is equal to the product of its lightweight tonnage and estimated scrap rate per ton. Following the reassessment of the scrap rates effective October 1, 2021, the Company increased the estimated scrap rate per ton from $ 0.30 0.34 32 25 years (n) Impairment of Long-Lived Assets In developing estimates of future undiscounted cash flows, the Company makes assumptions and estimates about the vessels’ future performance, with the significant assumptions being related to time charter equivalent rates by vessel type, while other assumptions include vessels’ operating expenses, management fees, vessels’ capital expenditures, vessels’ residual value, fleet utilization and the estimated remaining useful life of each vessel. The assumptions used to develop estimates of future undiscounted cash flows are based on historical trends as well as future expectations. To the extent impairment indicators are present, the projected net operating cash flows are determined by considering the charter revenues from existing time charters for the fixed days and an estimated daily time charter rate for the unfixed days (based on the most recent seven year historical average rates over the remaining estimated useful life of the vessels), expected outflows for vessels’ operating expenses, planned dry-docking and special survey expenditures, management fees expenditures which are adjusted every year, pursuant to the Company’s existing group management agreement, and fleet utilization. The residual value used in the impairment test is estimated to be $ 0.34 Should the carrying value plus the unamortized dry-dock and survey balance of the vessel exceed its estimated future undiscounted net operating cash flows, impairment is measured based on the excess of the carrying value plus the unamortized dry-dock and survey balance of the vessel over the fair market value of the asset. The Company determines the fair value of its vessels based on management estimates and assumptions and by making use of available market data and taking into consideration third party valuations. The review of the carrying amounts plus the unamortized dry-dock and survey balances in connection with the estimated recoverable amount of the Company’s vessels as of December 31, 2021, 2022 and 2023, did not indicate any impairment charge. (o) Long-lived Assets Classified as Held for Sale (p) Financial Derivative Instruments The Company discontinues cash flow hedge accounting if the hedging instrument expires and it no longer meets the criteria for hedge accounting or its designation is revoked by the Company. At that time, any cumulative gain or loss on the hedging instrument recognized in equity is kept in equity until the forecasted transaction occurs. When the forecasted transaction occurs, any cumulative gain or loss on the hedging instrument is recognized in the Consolidated Statement of Comprehensive Income/(loss). If a hedged transaction is no longer expected to occur, the net cumulative gain or loss recognized in equity is transferred to the current period’s Consolidated Statement of Comprehensive Income/(loss) as financial income or expense. (q) Accounting for Special Survey and Dry-docking Costs (r) Interest Income, Interest and Finance Costs 1,240 (s) Fair Value Measurements ● Level 1: Quoted market prices in active markets for identical assets or liabilities; ● Level 2: Observable market- based inputs or unobservable inputs that are corroborated by market data; ● Level 3: Unobservable inputs that are not corroborated by market data. (t) Segment Reporting (u) Income/(Loss) per Share The computation of diluted income/(loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted at the beginning of the periods presented, or issuance date, if later. The treasury stock method is used to compute the dilutive effect of warrants and shares issued under the equity incentive plan and the Promissory Note. The if-converted method is used to compute the dilutive effect of shares which could be issued upon conversion of the Series A Convertible Preferred Shares into common shares. Potential common shares that have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) are excluded from the calculation of diluted earnings per share. As the Company reported losses for the year ended December 31, 2021, the effect of any incremental shares would be antidilutive and thus excluded from the computation of loss per share. However, for the year ended December 31, 2022 and 2023 the effect of any incremental shares dilutes the income per share and has been included in diluted earnings per share calculations. (w) Revenues, net The following table presents the Company’s revenue disaggregated by revenue source, net of commissions, for the years ended December 31, 2021, 2022 and 2023: Schedule of Revenue Disaggregated by Revenue Source 2021 2022 2023 Year ended December 31, 2021 2022 2023 Revenues derived from spot charters, net $ 13,711 $ 39,099 $ 12,665 Revenues derived from time charters, net 11,630 19,245 32,803 Revenues, net $ 25,341 $ 58,344 $ 45,468 Revenue from customers (ASC 606): Under a spot charter, the Company incurs and pays for certain voyage expenses, primarily consisting of brokerage commissions, port and canal costs and bunker consumption, during the spot charter (load-to-discharge) and during the ballast voyage (date of previous discharge to loading, assuming a new charter has been agreed before the completion of the previous spot charter). The Company recognize the voyage costs during the ballast voyage represented costs to fulfil a contract which give rise to an asset that being capitalized and amortized over the spot charter, consistent with the recognition of voyage revenues from spot charter from load-to-discharge, while voyage costs incurred during the spot charter should be expensed as incurred. With respect to incremental costs, the Company has adopted the practical expedient in the guidance and any costs to obtain a contract will be expensed as incurred, for the Company’s spot charters that do not exceed one year. Vessel operating expenses are expensed as incurred. In addition, pursuant to this standard and the Leases standard (discussed below), the Company presents Revenues net of address commissions. Address commissions represent a discount provided directly to the charterers based on a fixed percentage of the agreed upon charter. Since address commissions represent a discount (sales incentive) on services rendered by the Company and no identifiable benefit is received in exchange for the consideration provided to the charterer, these commissions are presented as a reduction of revenue in the accompanying Consolidated Statements of Comprehensive Income/(Loss). The Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less, in accordance with the optional exception in ASC 606. Leases Revenues for the years ended December 31, 2021, 2022 and 2023, deriving from significant charterers individually accounting for 10% or more of revenues (in percentages of total revenues), were as follows: Summary of Revenue from Significant Charterers for 10% or More of Revenue 2021 2022 2023 Charterer Year ended December 31, 2021 2022 2023 A 27 % — 43 % B — 41 % 24 % C 17 % 27 % 18 % D 12 % — — Total 56 % 68 % 85 % Revenues 56 % 68 % 85 % The maximum aggregate amount of loss due to credit risk, net of related allowances, that the Company would incur if the aforementioned charterers failed completely to perform according to the terms of the relevant charter parties, amounted to $ 8,834 1,843 (x) Restricted Cash Statement of Cash Flows (Topic 230): Restricted Cash 2,626 1,800 The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the accompanying Consolidated Balance Sheets are presented in the accompanying consolidated statement of cash flows for the years ended December 31, 2021, 2022 and 2023. Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash 2021 2022 2023 December 31, 2021 2022 2023 Cash and cash equivalents $ 6,180 $ 7,563 $ 34,539 Restricted cash, current portion 944 376 — Restricted cash, net of current portion 2,750 2,250 1,800 Total cash and cash equivalents and restricted cash $ 9,874 $ 10,189 $ 36,339 (y) Short-term investments 20,000 nil nil nil 1,240 (z) Business combinations (aa) Debt Modifications and Extinguishments 541 34 379 (ab) Distinguishing Liabilities from Equity (ac) Share based payments (ad) Deferred financing costs (ae) New Accounting Pronouncements – Not Yet Adopted Segment Reporting:

Transactions with Related Parti

Transactions with Related Parties	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Transactions with Related Parties	3. Transactions with Related Parties The Company uses the services of Maritime, a tanker ship management company with its principal office in Greece and an office in the U.S.A.. Maritime is engaged under separate management agreements directly by the Company’s respective subsidiaries to provide a wide range of shipping services, including but not limited to, chartering, sale and purchase, insurance, operations and dry-docking and construction supervision, all provided at a fixed daily fee per vessel. For the ship management services, Maritime charges a fee payable by each subsidiary of $ 0.325 0.450 1.25% The management agreements for the vessels had an initial term of five years “Pyxis Theta” December 31, 2017 December 31, 2018 “Pyxis Karteria” “Pyxis Lamda” The Head Management Agreement (the “Head Management Agreement”) with Maritime commenced on March 23, 2015 and continued through March 23, 2020 five-year 1,600 In the event of a change of control of the Company during the management period or within 12 months after the early termination of the Head Management Agreement, then the Company will pay to Maritime an amount equal to 2.5 times the then annual Administration Fees. Pursuant to the amendment of this agreement on March 18, 2020, in the event of such change of control and termination, the Company shall also pay to Maritime an amount equal to 12 months of the then daily Ship-management Fees. The Ship-management Fees and the Administration Fees are adjusted annually according to the official inflation rate in Greece or such other country where Maritime was headquartered during the preceding year. On August 9, 2016, the Company amended the Head Management Agreement with Maritime to provide that in the event that the official inflation rate for any calendar year is deflationary, no adjustment shall be made to the Ship-management Fees and the Administration Fees, which will remain, for the particular calendar year, as per the previous calendar year. For 2021, the average rate in Greece was a deflation of 1.23% and, as a result, no adjustment was made to the Ship-management Fees and the Administration Fees for 2022. The average inflation rate in Greece in 2022 was 9.65% and, as a result, an adjustment to the Ship-management Fees and the Administration Fees have been made effective January 1, 2023. Effective January 1, the Ship-Management Fees and the Administration Fees for 2024 were increased by 3.50% in line with the average inflation rate in Greece in 2023 and were $381 per day per ship and $1.9 million annually, respectively. The Company uses the services of Konkar Agencies, a dry-bulk ship management company with its principal office in Greece. Konkar Agencies is engaged under separate management agreement directly by the Company’s respective ship owning companies to provide a wide range of shipping services, including but not limited to, chartering, technical, sale and purchase, insurance, operations and dry-docking and construction supervision, all provided at a fixed daily fee per vessel. For the ship management services, Konkar Agencies charges a fee payable by each subsidiary of $ 0.850 1.25% Konkar Ormi The following amounts were charged by Maritime pursuant to the head management and ship-management agreements and by Konkar Agencies pursuant to the ship-management agreement with the ship-owning company of vessel “Konkar Ormi” Schedule of Amounts Charged by Maritime Included in the Accompanying Consolidated Statements of Comprehensive Loss 2021 2022 2023 Year ended December 31, 2021 2022 2023 Included in Voyage related costs and commissions Charter hire commissions $ 322 $ 735 $ 575 Included in Management fees, related parties Ship-management Fees 716 702 728 Included in General and administrative expenses Administration Fees 1,632 1,652 1,812 Total $ 2,670 $ 3,089 $ 3,115 As of December 31, 2022 and 2023, there was a balance due to Maritime of $ 1,028 990 On October 28, 2015, the Company issued a Promissory Note in favor of Maritime Investors in the amount of $ 2,500 2.75% January 15, 2017 5,000 March 31, 2020 4.5% the Company entered into a second amendment to the Amended & Restated Promissory Note which (i) extended the repayment of the outstanding principal, in whole or in part, until the earlier of a) one year after the repayment of the credit facility of Eighthone with Entrust Global Permal (the “Credit Facility”) on September 2023 (see Note 8), b) January 15, 2024 and c) repayment of any Paid-In-Kind (“PIK”) interest and principal deficiency amount under the Credit Facility 9.0% 4.5% 4.5% During 2021, the Promissory Note was restructured and amended as of May 27, 2021, on the following basis: a) repayment on June 17, 2021 of $ 1,000 433 1,000 272,766 3.6660 3,000 April 1, 2023 7.5% Pyxis Lamda 3,000 6,000 April 1, 2024 1,000 On November 15, 2021, the Company signed a Memorandum of Agreement to acquire from an entity related to the family of the Company’s Chairman and Chief Executive Officer, the “ Pyxis Lamda 32,000 31,172 21,680 seven years 3 1,034,751 2.17 4.32 1,325 2,995 On February 10, 2023 we repaid $ 3 6 7.5% Interest charged on the Promissory Note for the years ended December 31, 2021, 2022 and 2023, amounted to $ 335 450 69 216 64 55 64 337 113 113 69 With respect to the portion of interest that was to be settled in common shares, the Company considered the guidance in ASC 480 that requires obligations that can be settled in shares with a fixed monetary value at settlement (e.g., share-settled debt) and followed the guidance in ASC 835-30 to accrue the liability to the redemption amount using the interest method.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventories	4. Inventories The amounts in the accompanying Consolidated Balance Sheets are analyzed as follows: Schedule of Inventories December 31, 2022 2023 Lubricants $ 617 $ 414 Bunkers 1,294 543 Total $ 1,911 $ 957

Vessels, net

Vessels, net	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Vessels, net	5. Vessels, net The amounts in the accompanying Consolidated Balance Sheets are analyzed as follows: Schedule of Vessels Vessel Accumulated Net Book Cost Depreciation Value Balance January 1, 2022 $ 148,175 $ (28,451 ) $ 119,724 BWTS installation 561 — 561 Depreciation — (6,100 ) (6,100 ) Balance December 31, 2022 $ 148,736 $ (34,551 ) $ 114,185 Balance January 1, 2023 $ 148,736 $ (34,551 ) $ 114,185 Vessel acquicition - Konkar Ormi 28,500 — 28,500 Sale of Vessel - Pyxis Malou (25,625 ) 9,519 (16,106 ) Sale of Vessel - Pyxis Epsilon (33,198 ) 10,505 (22,693 ) Vessel additions 77 — 77 BWTS installation 813 — 813 Depreciation — (5,503 ) (5,503 ) Balance December 31, 2023 $ 119,303 $ (20,030 ) $ 99,273 As of December 31, 2021, 2022 and 2023, the Company reviewed the carrying amount in connection with the estimated recoverable amount for each of its vessels held and used. This review indicated that such carrying amounts were fully recoverable for the Company’s vessels held and used and, consequently, no As of December 31, 2022, additions amounted to $ 561 Pyxis Lamda 890 813 Pyxis Theta 43 27 On March 23, 2023 the Company sold the “Pyxis Malou”, the 2009 built 50,667 dwt. MR product tanker, for a sale price of $ 24.8 18.9 8,017 On September 14, 2023 the Company took delivery of a 2016 Japanese built Ultramax dry-bulk carrier named “Konkar Ormi” 28.5 19.0 On December 15, 2023 we sold the “Pyxis Epsilon”, the 2015 built 50,295 dwt. Product tanker, for $ 40.75 26.8 17,108 All of the Company’s vessels have been pledged as collateral to secure the bank loans discussed in Note 8. Subsequently on February 15, 2024 the Company took delivery of the “Konkar Asteri” an 82,013 dwt dry-bulk vessel built in 2015 at Jiangsu New Yangzi Shipbuilding in China. The $ 26,625 14.5

Insurance claim receivable

Insurance claim receivable	12 Months Ended
	Dec. 31, 2023
Insurance [Abstract]
Insurance claim receivable	6. Insurance claim receivable In February 2022, the “Pyxis Epsilon” experienced a brief grounding at port which resulted in minor damages to the vessel. The vessel was off-hire for 43 days including shipyard repairs and returned to commercial employment at the end of March 2022. As of December 31, 2022, the outstanding balance of this insurance claim was $ 608 2,022

Deferred dry-dock and special s

Deferred dry-dock and special survey costs, net	12 Months Ended
	Dec. 31, 2023
Deferred Dry-dock And Special Survey Costs Net
Deferred dry-dock and special survey costs, net	7. Deferred dry-dock and special survey costs, net The movement in deferred charges, net, in the accompanying Consolidated Balance Sheets are as follows: Schedule of Deferred Charges Dry-docking costs 2021 2022 2023 Balance January 1, $ 1,594 $ 912 $ 794 Additions 253 266 1,506 Amortization of special survey costs (406 ) (384 ) (388 ) Transfer to vessels held for sale (529 ) — — Pyxis Malou sale — — (168 ) Pyxis Epsilon sale — — (122 ) Balance December 31, $ 912 $ 794 $ 1,622 During the year “ Pyxis Theta” “Pyxis Karteria” 700 806 1,379

Long-term Debt

Long-term Debt	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Long-term Debt	8. Long-term Debt The amounts shown in the accompanying Consolidated Balance Sheets at December 31, 2021 and 2022, are analyzed as follows: Schedule of Long-Term Debt 2022 2023 December 31, 2022 2023 Vessel (Borrower) (a) “Pyxis Malou” (Fourthone) $ 6,616 $ — (b) “Pyxis Theta” (Seventhone) 12,550 11,350 (c) “Pyxis Epsilon” (Eighthone) 14,900 — (d) “Pyxis Karteria” (Tenthone) 11,800 14,150 (a) “Pyxis Lamda” (Eleventhone) 19,884 17,390 (e) “Konkar Ormi” (Dryone) — 18,600 Total $ 65,750 $ 61,490 Current portion $ 6,100 $ 5,777 Less: Current portion of deferred financing costs (271 ) (197 ) Current portion of long-term debt, net of deferred financing costs, current $ 5,829 $ 5,580 Long-term portion $ 59,650 $ 55,713 Less: Non-current portion of deferred financing costs (603 ) (343 ) Long-term debt, net of current portion and deferred financing costs, non-current $ 59,047 $ 55,370 (a) Pyxis Lamda 7,320 7,320 21,680 Pyxis Lamda On March 23, 2023 the Company sold the “Pyxis Malou” for a sale price of $ 24.8 18.9 750 Pyxis Lamda As of December 31, 2023, the outstanding balance of the Eleventhone loan of $ 17,390 432 12,210 December 2026 3.15 Covenants: ● The borrowers undertook to maintain minimum deposit with the bank of $ 750 500 ● The ratio of the corporate guarantor’s total liabilities (exclusive of the Promissory Note) to market adjusted total assets is ● not to exceed 75 32.2 42.8 ● MSC is to be at least 125 ● No change of control shall be made directly or indirectly in the ownership, beneficial ownership, control or management of any of the borrower and the corporate guarantor or any share therein or the vessels, as a result of which less than 100% of the shares and voting rights in each borrower are owned by the corporate guarantor or less than 25% of the shares and voting rights in the corporate guarantor will remain in the ultimate legal and beneficial ownership of the beneficial shareholders. (b) 11,350 300 9,250 July 2025 3.35 Standard loan covenants include, among others, a minimum liquidity and a minimum required Security Cover Ratio (“MSC”). The facility imposes certain customary covenants and restrictions with respect to, among other things, the borrower’s ability to distribute dividends, incur additional indebtedness, create liens, change its share capital, engage in mergers, or sell the vessel and a minimum collateral value to outstanding loan principal. Certain major covenants include, as defined in such agreement: Covenants: ● The Borrower undertakes to maintain minimum deposit with the bank of $ 500 ● The ratio of the Corporate Guarantor’s total liabilities (exclusive of the Promissory Note) to market adjusted total assets is not to exceed 75 32.2 42.8 ● MSC is to be at least 125 ● No change shall be made directly or indirectly in the ownership, beneficial ownership, control or management of Seventhone or of the Company or any share therein or the “ Pyxis Theta (c) 26.8 (d) 13,500 Pyxis Karteria 13,500 Pyxis Karteria 15.5 14,150 450 300 8,900 2.7 Standard loan covenants of the Tenthone loan include, among others, a minimum liquidity and a MSC. Certain major covenants include, as defined in such agreement: ● The borrower undertakes to maintain minimum deposit with the bank of $ $ 900 500 ● The ratio of the corporate guarantor’s total liabilities (exclusive of the Promissory Note) to market adjusted total assets is not to exceed 75 32.2 42.8 ● MSC is to be at least 130 ● Minimum cash and cash equivalent shall not be less than the greater of (i) $ 2 3 (e) “Konkar Ormi” “Konkar Ormi” 28.5 19.0 18,600 400 300 12,600 September 2028 2.35 ● The borrower undertakes to maintain minimum deposit with the bank of $ $ 800 65 ● The ratio of the corporate guarantor’s total liabilities (exclusive of the Promissory Note) to market adjusted total assets is not to exceed 75 32.2 42.8 ● MSC is to be at least 130 As of December 31, 2023, the Company elected to apply, to its loan contracts that replaced LIBOR with SOFR, the optional expedient of ASU No. 2020-04, “Reference Rate Reform” (Topic 848-20-15-2 through 15-3 - Contract Modifications). According to this expedient, entities with contract modifications within the scope of Topic 470, for which the terms that are modified solely related to directly replacing a reference rate with another interest rate index, are allowed to account for the modification as if it is not substantial. Thus, the original and new contract are accounted for as if they were not substantial different from one another and the modification shall not be accounted for in the same manner as a debt extinguishment. Amounts presented in Restricted cash, current and non-current, in the Consolidated Balance Sheets are related to minimum cash and the retention account requirements imposed by the Company’s debt agreements. As of December 31, 2023, the company was in compliance with the applicable financial and other covenants contained in its bank loan agreements described above. The annual principal payments required to be made after December 31, 2023, are as follows: Schedule of Principal Payments To December 31, Amount 2024 $ 5,777 2025 14,277 2026 16,337 2027 2,400 2028 22,699 Total $ 61,490 Total interest expense on long-term debt and the Promissory Note for the years ended December 31, 2021, 2022 and 2023, amounted to $ 2,963 4,148 5,552 5.04 5.41 8.21

Equity Capital Structure and Eq

Equity Capital Structure and Equity Incentive Plan	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Equity Capital Structure and Equity Incentive Plan	9. Equity Capital Structure and Equity Incentive Plan The Company’s authorized common and preferred stock consists of 450,000,000 50,000,000 1,000,000 10,614,319 10,542,547 449,473 403,631 0.001 On October 13, 2020, the Company announced the closing of its offering of 200,000 25.00 7.75% 1,600,000 5.60 at any time prior to October 13, 2025 or, in case of absence of an effective registration statement, to exchange those cashless based on a formula On October 13, 2020, the Company had granted the underwriter a 45-day option to purchase up to 30,000 240,000 23.051 0.00925 135,040 1 The Series A Convertible Preferred Shares and Warrants are listed on the Nasdaq Capital Market under the symbols “PXSAP” and “PXSAW”, respectively. Each Series A Convertible Preferred Share is convertible into common shares at an initial conversion price of $5.60 per common share, or 4.46 common shares, at any time at the option of the holder, subject to certain customary adjustments If the trading price of Pyxis Tankers’ common stock equals or exceeds $9.52 per share for at least 20 days in any 30 consecutive trading day period ending 5 days prior to notice, the Company can call, in whole or in part, for mandatory conversion of the Series A Convertible Preferred Shares Beginning on October 13, 2023, the Company may, at its option, redeem the Series A Convertible Preferred Shares, in whole or in part, by paying $ 25.00 If the Company liquidates, dissolves or winds up, holders of the Series A Convertible Preferred Shares will have the right to receive $ 25.00 The Series A Convertible Preferred Shares are not redeemable for a period of three years from issuance, except upon change of control. In the case of a change of control that is pre-approved by the Company’s Board of Directors, holders of Series A Convertible Preferred Shares have the option to (i) demand that the Company redeem the Series A Convertible Preferred Shares at (a) $26.63 per Series A Convertible Preferred Share from the date of issuance until October 13, 2021, (b) $25.81 per Series A Convertible Preferred Share from October 13, 2021 until October 13, 2022 and (c) $25.00 after October 13, 2022, or (ii) continue to hold the Series A Convertible Preferred Shares. Upon a change of control, the holders also have the option to convert some or all of the Series A Convertible Preferred Shares, together with any accrued or unpaid dividends, into shares of common stock at the conversion rate. Change of Control means that (i) Mr. Valentios Valentis and his affiliates cease to own at least 20% of the voting securities of the Company, or (ii) a person or group acquires at least 50% voting control of the Company, and in the case of each of either (i) or (ii), neither the Company nor any surviving entity has its common stock listed on a recognized U.S. exchange The Series A Convertible Preferred Shares did not generate a beneficial conversion feature (BCF) upon issuance as the fair value of the Company’s common shares was lower than the conversion price. The Series A Convertible Preferred Shares did not meet the criteria for mandatorily redeemable financial instruments. Additionally, the Company determined that the nature of the Series A Convertible Preferred Shares was more akin to an equity instrument and that the economic characteristics and risks of the embedded conversion options were clearly and closely related to the Series A Convertible Preferred Shares. As such, the conversion options were not required to be bifurcated from the equity host under ASC 815, Derivatives and Hedging. The Company also determined that the redemption call option did meet the definition of a derivative but is eligible for exception from derivative accounting and thus no bifurcation of the feature was performed. The Series A Convertible Preferred Shares will not vote with the common shares, however, if dividends on the Series A Convertible Preferred Shares are in arrears for eighteen (18) or more consecutive or non-consecutive monthly dividends, the holders of the Series A Convertible Preferred Shares, voting as a single class, shall be entitled to vote for the election of one additional director to serve on the Board of Directors until the next annual meeting of shareholders following the date on which all dividends that are owed and are in arrears have been paid. In addition, unless the Company has received the affirmative vote or consent of the holders of at least 66.67% of the then outstanding Series A Convertible Preferred Shares, voting as a single class, the Company may not create or issue any class or series of capital stock ranking senior to the Series A Convertible Preferred Shares with respect to dividends or distributions Dividends on the Series A Convertible Preferred Shares are cumulative from and including the date of original issuance in the amount of $ 1.9375 7.75% 25.00 The Company also agreed to issue and sell to designees of the underwriter as compensation, two separate types of Underwriter’s Warrants for an aggregate purchase price of $ 100 2,000 24.92 4,000 0.01 at any time on or after April 6, 2021 and prior to October 8, 2025 On exercise, each Underwriter Warrant allows the holder to purchase one Series A Convertible Preferred Share or one Warrant to purchase one common share of the Company at $5.60 or, in case of absence of an effective registration statement, to exchange those cashless based on a formula set in the Underwriting Agreement. The Company received gross proceeds of $ 5.0 4.3 On July 16, 2021, the Company completed a follow-on public offering of 308,487 25 20.00 6,170 5,563 2,683 25.00 During 2022, an aggregate of 200 895 449,473 1,590,540 4,683 4,683 4,000 4,000 45,842 204,819 403,631 1,591,062 4,683 4,683 3,460 3,460 After December 31, 2023 through March 31, 2024 there were no further Series A Convertible Preferred Shares conversions to PXS common shares. The Company has also issued to the placement agent 107,143 five 8.75 On November 20, 2020, the Company paid a cash dividend of $ 0.1991 0.1615 0.1615 537 871 797 On January 4, 2021 and April 2, 2021, following the second amendment to the Amended & Restated Promissory Note, the Company issued 16,112 11,957 On February 24, 2021, the Company announced that it had closed definitive securities purchase agreements with a group of investors, which resulted in gross proceeds to the Company of $ 25,000 3,571,429 7.00 4 23,115 107,1431 five 8.75 On May 14, 2021, the Company filed, with the Securities and Exchange Commission (“SEC”), a registration statement on Form F-3 (the “Shelf Registration Statement”), under which the Company may sell from time to time common stock, preferred stock, debt securities, warrants, purchase contracts and units, each as described therein, in any combination, in one or more offerings up to an aggregate dollar amount of $ 250.0 On May 27, 2021, the existing unsecured Amended and Restated Promissory Note was restructured and amended as of May 27, 2021, on the following basis: a) repayment of $ 1,000 1,000 272,766 3,000 April 1, 2023 7.5% On June 16, 2021, Nasdaq notified the Company of noncompliance with the minimum bid price of $ 1.00 On December 20, 2021, the Company issued 1,034,751 2.90 “Pyxis Lamda” Pyxis Lamda 1,034,751 2,172 On May 11, 2022, following the Company’s annual shareholder meeting the board of directors of the Company approved the implementation of a reverse-split of our common shares at the ratio of one share for four existing common shares, effective May 13, 2022 (the “Reverse Stock Split”). Following the Reverse Stock Split, our common shares continued trading on the Nasdaq Capital Markets under its existing symbol, “PXS”, with a new CUSIP number, 71726130. The payment for fractional share interests in connection with the Reverse Stock Split reduced the outstanding common shares to 10,613,424 post-Reverse Stock Split. The Reverse Stock Split was undertaken with the objective of meeting the minimum $1.00 per share requirement for maintaining the listing of the common shares on the Nasdaq Capital Markets. Furthermore, following the Reverse Stock Split, (a) the Conversion Price, as defined in the certification of designation of the Company’s 7.75% Series A Cumulative Convertible Preferred Shares (NASDAQ Cap Mkts: PXSAP), was adjusted from $1.40 to $5.60 and (b) the Exercise Price, as defined in the Company’s warrants to purchase common shares (NASDAQ Cap Mkts: PXSAW), was adjusted from $1.40 to $5.60. All the share and per share information for all periods presented has been adjusted to reflect the one for four Reverse Stock Split. The Company in order to regain compliance with NASDAQ minimum bid price, and effective May 13, 2022, effected a four-for-one Reverse Stock Split on its issued and outstanding common stock. All share and per share amounts disclosed in the accompanying financial statements give effect to this Reverse Stock Split retroactively, for all periods presented. On May 11, 2023, our Board authorized a common stock re-purchase program of up to $ 2.0 331,591 3.75 1.2 2.0 44,557 4.42 197 On May 11, 2023 our Nominating & Corporate Governance Committee signed the resolution to grant the issuance of a total of 55,000 201 171 As of December 31, 2023, the total unrecognized cost relating to restricted share awards was $ 30

Non-controlling Interest

Non-controlling Interest	12 Months Ended
	Dec. 31, 2023
Noncontrolling Interest [Abstract]
Non-controlling Interest	10. Non-controlling Interest On July 5, 2023, the Company acquired an 60 6,780 40 4,520 60 502 301 201 Schedule of Non controlling Interest Amount Balance, January 1, 2023 $ — Non-controlling interest contribution in Drykon 4,520 Net loss attributable to non-controlling interest ( 40 (201 ) Balance, December 31, 2023 $ 4,319

Income_(Loss) per Common Share

Income/(Loss) per Common Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Income/(Loss) per Common Share	11. Income/(Loss) per Common Share The amounts shown in the accompanying Consolidated Statements of Comprehensive Income/(Loss) for the years ended December 31, 2021, 2022 and 2023, are analyzed as follows: Schedule of Loss Per Common Share 2021 2022 2023 Year ended December 31, 2021 2022 2023 Net income attributable to Pyxis Tankers Inc. $ (12,338 ) $ 13,392 $ 37,037 Dividend Series A Convertible Preferred Stock (555 ) (885 ) (810 ) Net income/(loss) attributable to common shareholders $ (12,893 ) $ 12,507 $ 36,227 Weighted average number of common shares, basic 8,994,768 10,613,672 10,701,059 Net income/(loss) per common share, basic $ (1.43 ) $ 1.18 $ 3.38 Net income/(loss) per common share, diluted (12,893 ) 13,392 37,037 Weighted average number of common shares, diluted 8,994,768 12,640,581 12,585,777 Net income/(loss) per common share, diluted $ (1.43 ) $ 1.06 $ 2.94 As of December 31, 2021, securities that could potentially dilute basic loss per share in the future that were not included in the computation of diluted loss per share, because to do so would have anti-dilutive effect, were any incremental shares of the unexercised warrants, calculated with the treasury stock method, as well as shares assumed to be converted with respect to the Series A Convertible Preferred Shares calculated with the if-converted method. At December 31, 2021, there were no securities that could potentially dilute basic loss per share.

Risk Management and Fair Value

Risk Management and Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
Risk Management And Fair Value Measurements
Risk Management and Fair Value Measurements	12. Risk Management and Fair Value Measurements The principal financial assets of the Company consist of cash and cash equivalents, trade accounts receivable due from charterers and amounts due from related parties. The principal financial liabilities of the Company consist of long-term bank loans and trade accounts payable. Interest rate risk 10.0 3.5 July 16, 2021 9.6 2 July 8, 2025 0.6 All of our bank loans accrue interest based on SOFR (Secured Overnight Financing Rate), typically for one, three and six-month interest periods, which has been historically volatile. Credit risk Currency risk Fair value: Schedule of Fair Value of Assets and Liabilities Carrying Fair As of December 31, 2023 Value Value Cash and cash equivalents (including restricted cash) $ 36,339 $ 36,339 Short-term investment in time deposits $ 20,000 $ 20,000 Trade accounts receivable $ 4,964 $ 4,964 Due from related parties $ 194 $ 194 Trade accounts payable $ 1,695 $ 1,695 Long-term debt with variable interest rates, net $ 61,490 $ 61,490 Due to related parties $ 990 $ 990 Carrying Fair As of December 31, 2022 Value Value Cash and cash equivalents (including restricted cash) $ 10,189 $ 10,189 Trade accounts receivable $ 10,469 $ 10,469 Trade accounts payable $ 2,604 $ 2,604 Long-term debt with variable interest rates, net $ 65,750 $ 65,750 Promissory note with non-variable interest rate* $ 6,000 $ 5,968 Due to related parties $ 1,028 $ 1,028 i. Assets measured at fair value on a recurring basis: Interest rate cap The Company’s interest rate cap does not qualify for hedge accounting. The Company adjusts its interest rate cap contract to fair market value at the end of every period and records the resulting gain or loss during the period in the Consolidated Statements of Comprehensive Income/(Loss). Information on the classification, the derivative fair value and the loss from financial derivative instrument included in the Consolidated Financial Statements is shown below: Schedule of Financial Derivative Instrument Location Consolidated Balance Sheets – Location 2022 2023 December 31, Consolidated Balance Sheets – Location 2022 2023 Financial derivative instrument – Other non-current assets $ 619 $ — Schedule of Gains Losses on Derivative Instruments Consolidated Statements of Comprehensive Income/(Loss) – Location 2022 2023 December 31, Consolidated Statements of Comprehensive Income/(Loss) – Location 2022 2023 Financial derivative instrument – Fair value at the beginning of the period $ 74 $ 619 Financial derivative instrument – Additions of the period — — Financial derivative instrument – Amounts received (10 ) (560 ) Financial derivative instrument – Fair value as at period end 619 — Gain/(Loss) from financial derivative instrument $ 555 $ (59 ) i. Assets measured at fair value on a recurring basis: Interest rate cap On July 16, 2021, one of our vessel-owning subsidiaries purchased an interest rate cap for the amount of $ 9.6 2 July 8, 2025 0.6 ii. Assets measured at fair value on a non-recurring basis: Long lived assets held and used and held for sale As of December 31, 2021, 2022 and 2023, the Company reviewed the carrying amount in connection with the estimated recoverable amount for each of its vessels held and used. This review indicated that such carrying amount was fully recoverable for the Company’s vessels held and used. No As of December 31, 2022 and 2023, the Company did not have any other assets or liabilities measured at fair value on a non-recurring basis.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	13. Commitments and Contingencies Minimum contractual charter revenues: Future minimum contractual charter revenues, gross of 1.25% address commission and 1.25% brokerage commissions to Maritime and of any other brokerage commissions to third parties, based on the vessels’ committed, non-cancelable, long-term time charter contracts as of December 31, 2023, are as follows: Schedule of Future Minimum Contractual Charter Revenues Year ending December 31, Amount 2024 $ 7,730 Total $ 7,730 Other The Company accrues for the cost of environmental and other liabilities when management becomes aware that a liability is probable and is able to reasonably estimate the probable exposure. As of December 31, 2023 and as of the date of the issuance of the Consolidated Financial Statements, management is not aware of any other claims or contingent liabilities, which should be disclosed or for which a provision should be established in the accompanying Consolidated Financial Statements. The Company is covered for liabilities associated with the individual vessels’ actions to the maximum limits as provided by Protection and Indemnity (P&I) Clubs, members of the International Group of P&I Clubs.

Interest and Finance Costs

Interest and Finance Costs	12 Months Ended
	Dec. 31, 2023
Interest And Finance Costs
Interest and Finance Costs	14. Interest and Finance Costs The amounts in the accompanying Consolidated Statements of Comprehensive Income/(Loss) are analyzed as follows: Schedule of Interest and Finance Costs 2021 2022 2023 Year ended December 31, 2021 2022 2023 Interest on long-term debt (Note 8) $ 2,628 $ 3,698 $ 5,483 Interest on promissory note (Note 3) 335 450 69 Amortization of financing costs 247 303 247 Financing fees and charges 75 (10 ) 36 Total $ 3,285 $ 4,441 $ 5,835

Segmental information

Segmental information	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Segmental information	15. Segmental information The Company has two reportable segments from which it derives its revenues, the MR tankers and the dry-bulk carriers. The table below presents information about the Company’s reportable segments for 2023. Prior to 2023, the Company was operating only tanker vessels thus, had identified only one reportable segment. The accounting policies followed in the preparation of the reportable segments are the same with those followed in the preparation of the Company’s Consolidated Financial Statements. Segment results are evaluated based on income from operations. Schedule of Segment Information Tanker vessels Dry-bulk vessels Total Year ended December 31, 2023 Tanker vessels Dry-bulk vessels Total Revenues, net $ 43,889 $ 1,579 $ 45,468 Voyage related costs and commissions (6,121 ) (231 ) (6,352 ) Vessel operating expenses (10,772 ) (851 ) (11,623 ) General and administrative expenses (120 ) (28 ) (148 ) Management fees (1,388 ) (100 ) (1,488 ) Depreciation and amortization of special survey costs (5,485 ) (406 ) (5,891 ) Allowance for credit losses 78 — 78 Gain from the sale of vessel, net 25,125 — 25,125 Interest and finance costs (5,275 ) (478 ) (5,753 ) Loss from debt extinguishment (379 ) — (379 ) Loss from financial derivative instrument (59 ) — (59 ) Segment profit/(loss) $ 39,493 $ (515 ) $ 38,978 General and administrative expenses $ (3,300 ) Interest and finance costs (82 ) Interest income 1,240 Net income $ 36,836 A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets of December 31, 2023, is as follows: Tanker vessels Dry-bulk vessels Total Year ended December 31, 2023 Tanker vessels Dry-bulk vessels Total Cash and cash equivalents & restricted cash $ 4,237 $ 1,041 $ 5,278 Inventories 904 53 957 Trade accounts receivable 4,704 260 4,964 Prepayments and other assets 180 24 202 Due from related parties — 194 194 Vessels, net 71,179 28,094 99,273 Prepayments for vessel acquisition — 2,663 2,663 Special survey cost, net 1,622 — 1,622 Segment assets $ 82,826 $ 32,329 $ 115,153 Cash and cash equivalents $ 31,061 Short-term investment in time deposits 20,000 Prepayments and other current assets 99 Total assets $ 166,313

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	16. Subsequent Events Series A Convertible Preferred Shares Dividend Payments: 0.1615 196 $2.0 million PXS shares re-purchase program: 197 44,557 Delivery of Vessel: “Konkar Asteri” 82,013 26,625 14,500

Significant Accounting Polici_2

Significant Accounting Policies: (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Principles of Consolidation:	(a) Principles of Consolidation: Pyxis, as the holding company, determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity. Under Accounting Standards Codification (“ASC”) 810 “Consolidation” a voting interest entity is an entity in which the total equity investment at risk is sufficient to enable the entity to finance itself independently and provides the equity holders with the obligation to absorb losses, the right to receive residual returns and the right to make financial and operating decisions. Pyxis consolidates voting interest entities in which it owns all, or at least a majority (generally, greater than 50%), of the voting interest. Variable interest entities (“VIE”) are entities as defined under ASC 810-10, that in general either do not have equity investors with voting rights or that have equity investors that do not provide sufficient financial resources for the entity to support its activities. A controlling financial interest in a VIE is present when a company absorbs a majority of an entity’s expected losses, receives a majority of an entity’s expected residual returns, or both. The company with a controlling financial interest, known as the primary beneficiary, is required to consolidate the VIE. Pyxis evaluates all arrangements that may include a variable interest in an entity to determine if it may be the primary beneficiary, and would be required to include assets, liabilities and operations of a VIE in its Consolidated Financial Statements. On July 5, 2023, the Company acquired an 60% 6.78 40% 4.52 60% 50 502 301 201 Schedule of VIE’s Assets and Liabilities Amount Total current assets $ 770 Total fixed assets, net 28,094 Total other non-current assets 800 Total assets: $ 29,664 Total current liabilities $ 1,867 Total non-current liabilities 16,999 Total stockholders’ equity 10,798 Total liabilities and stockholders’ equity: $ 29,664
Use of Estimates:	(b) Use of Estimates:
Comprehensive Income / (Loss):	(c) Comprehensive Income / (Loss):
Foreign Currency Translation:	(d) Foreign Currency Translation:
Commitments and Contingencies:	(e) Commitments and Contingencies:
Insurance Claims Receivable:	(f) Insurance Claims Receivable: that there is no material impact on the Company’s as of the date of the adoption of ASC 326 on January 1, 2021 and as of December 31, 2022 and 2023, and thus no provision for credit losses was recorded as of those dates
Concentration of Credit Risk:	(g) Concentration of Credit Risk:
Cash and Cash Equivalents and Restricted Cash:	(h) Cash and Cash Equivalents and Restricted Cash: that there is no impact on the Company’s as of the date of the adoption of ASC 326 on January 1, 2020 and as of December 31, 2022 and 2023 and thus no provision for credit losses was recorded as of those dates.
Income Taxes: Neither Pyxis Tankers Inc. nor any of its subsidiaries are subject to income taxes	(i) Income Taxes: Neither Pyxis Tankers Inc. nor any of its subsidiaries are subject to income taxes The vessel-owning companies with vessels that have called on the United States during the relevant year of operation are obliged to file income tax returns with the Internal Revenue Service. The applicable tax is 50% of 4% of U.S. related gross transportation income unless an exemption applies. The Company believes that based on current legislation the relevant vessel-owning companies are entitled to an exemption because they satisfy the relevant requirements, namely that (i) the related vessel-owning companies are incorporated in a jurisdiction granting an equivalent exemption to U.S. corporations and (ii) over 50% of the ultimate stockholders of the vessel-owning companies are residents of a country granting an equivalent exemption to U.S. persons. The Company and each of its subsidiaries believes it qualifies for this statutory tax exemption for the 2023, 2022 and 2021 taxable years (the tax years that remain subject to examination), and is not liable for U.S. federal income tax. The Company takes this position for United States federal income tax return reporting purposes. The Company also believes the vessel owning companies are exempt from income taxes in the other ports where they have called under various exemptions for the shipping industry. Instead, a non-income-based tax is levied in certain of the countries where the vessels trade based on their tonnage, which is included in Vessel operating expenses in the accompanying Consolidated Statements of Comprehensive Income/(Loss).
Inventories	(j) Inventories
Trade Accounts Receivable, Net and Hire Collected in Advance	(k) Trade Accounts Receivable, Net and Hire Collected in Advance 10,572 4,764 138 60 35 260 2,133 1,173
Allowance for credit losses	(l) Allowance for credit losses (9) The adoption of ASC 326 primarily impacted trade receivables recorded on Consolidated Balance Sheet. In particular, the Company assessed that any impairment of receivables arising from operating leases, i.e. time charters, should be accounted for in accordance with Topic 842, Leases, and not in accordance with Topic 326. Impairment of receivables arising from voyage charters, which are accounted for in accordance with Topic 606, Revenues from Contracts with Customers, are within the scope of Subtopic 326 and must therefore be assessed for expected credit losses. The Company assessed collectability by reviewing accounts receivable on a collective basis where similar characteristics exist and on an individual basis when the Company identifies specific customers with known disputes or collectability issues. In determining the amount of the allowance for credit losses, the Company considered historical collectability based on past due status. The Company also considered customer-specific information, current market conditions and reasonable and supportable forecasts of future economic conditions to inform adjustments to historical loss data. The Company maintains an allowance for credit losses for expected uncollectable accounts receivable, which is recorded as an offset to trade accounts receivable and changes in such, if any, are classified as Allowance of credit losses in the Consolidated Statements of Comprehensive Income/(Loss). As of December 31, 2022 and December 31, 2023, the Company concluded on an expected credit loss rate of 1.3 1.6 118 78
Vessels, Net	(m) Vessels, Net The cost of each of the Company’s vessels is depreciated from the date of acquisition on a straight-line basis over the vessels’ remaining estimated economic useful life, after considering the estimated residual value. A vessel’s residual value is equal to the product of its lightweight tonnage and estimated scrap rate per ton. Following the reassessment of the scrap rates effective October 1, 2021, the Company increased the estimated scrap rate per ton from $ 0.30 0.34 32 25 years
Impairment of Long-Lived Assets	(n) Impairment of Long-Lived Assets In developing estimates of future undiscounted cash flows, the Company makes assumptions and estimates about the vessels’ future performance, with the significant assumptions being related to time charter equivalent rates by vessel type, while other assumptions include vessels’ operating expenses, management fees, vessels’ capital expenditures, vessels’ residual value, fleet utilization and the estimated remaining useful life of each vessel. The assumptions used to develop estimates of future undiscounted cash flows are based on historical trends as well as future expectations. To the extent impairment indicators are present, the projected net operating cash flows are determined by considering the charter revenues from existing time charters for the fixed days and an estimated daily time charter rate for the unfixed days (based on the most recent seven year historical average rates over the remaining estimated useful life of the vessels), expected outflows for vessels’ operating expenses, planned dry-docking and special survey expenditures, management fees expenditures which are adjusted every year, pursuant to the Company’s existing group management agreement, and fleet utilization. The residual value used in the impairment test is estimated to be $ 0.34 Should the carrying value plus the unamortized dry-dock and survey balance of the vessel exceed its estimated future undiscounted net operating cash flows, impairment is measured based on the excess of the carrying value plus the unamortized dry-dock and survey balance of the vessel over the fair market value of the asset. The Company determines the fair value of its vessels based on management estimates and assumptions and by making use of available market data and taking into consideration third party valuations. The review of the carrying amounts plus the unamortized dry-dock and survey balances in connection with the estimated recoverable amount of the Company’s vessels as of December 31, 2021, 2022 and 2023, did not indicate any impairment charge.
Long-lived Assets Classified as Held for Sale	(o) Long-lived Assets Classified as Held for Sale
Financial Derivative Instruments	(p) Financial Derivative Instruments The Company discontinues cash flow hedge accounting if the hedging instrument expires and it no longer meets the criteria for hedge accounting or its designation is revoked by the Company. At that time, any cumulative gain or loss on the hedging instrument recognized in equity is kept in equity until the forecasted transaction occurs. When the forecasted transaction occurs, any cumulative gain or loss on the hedging instrument is recognized in the Consolidated Statement of Comprehensive Income/(loss). If a hedged transaction is no longer expected to occur, the net cumulative gain or loss recognized in equity is transferred to the current period’s Consolidated Statement of Comprehensive Income/(loss) as financial income or expense.
Accounting for Special Survey and Dry-docking Costs	(q) Accounting for Special Survey and Dry-docking Costs
Interest Income, Interest and Finance Costs	(r) Interest Income, Interest and Finance Costs 1,240
Fair Value Measurements	(s) Fair Value Measurements ● Level 1: Quoted market prices in active markets for identical assets or liabilities; ● Level 2: Observable market- based inputs or unobservable inputs that are corroborated by market data; ● Level 3: Unobservable inputs that are not corroborated by market data.
Segment Reporting	(t) Segment Reporting
Income/(Loss) per Share	(u) Income/(Loss) per Share The computation of diluted income/(loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted at the beginning of the periods presented, or issuance date, if later. The treasury stock method is used to compute the dilutive effect of warrants and shares issued under the equity incentive plan and the Promissory Note. The if-converted method is used to compute the dilutive effect of shares which could be issued upon conversion of the Series A Convertible Preferred Shares into common shares. Potential common shares that have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) are excluded from the calculation of diluted earnings per share. As the Company reported losses for the year ended December 31, 2021, the effect of any incremental shares would be antidilutive and thus excluded from the computation of loss per share. However, for the year ended December 31, 2022 and 2023 the effect of any incremental shares dilutes the income per share and has been included in diluted earnings per share calculations.
Revenues, net	(w) Revenues, net The following table presents the Company’s revenue disaggregated by revenue source, net of commissions, for the years ended December 31, 2021, 2022 and 2023: Schedule of Revenue Disaggregated by Revenue Source 2021 2022 2023 Year ended December 31, 2021 2022 2023 Revenues derived from spot charters, net $ 13,711 $ 39,099 $ 12,665 Revenues derived from time charters, net 11,630 19,245 32,803 Revenues, net $ 25,341 $ 58,344 $ 45,468 Revenue from customers (ASC 606): Under a spot charter, the Company incurs and pays for certain voyage expenses, primarily consisting of brokerage commissions, port and canal costs and bunker consumption, during the spot charter (load-to-discharge) and during the ballast voyage (date of previous discharge to loading, assuming a new charter has been agreed before the completion of the previous spot charter). The Company recognize the voyage costs during the ballast voyage represented costs to fulfil a contract which give rise to an asset that being capitalized and amortized over the spot charter, consistent with the recognition of voyage revenues from spot charter from load-to-discharge, while voyage costs incurred during the spot charter should be expensed as incurred. With respect to incremental costs, the Company has adopted the practical expedient in the guidance and any costs to obtain a contract will be expensed as incurred, for the Company’s spot charters that do not exceed one year. Vessel operating expenses are expensed as incurred. In addition, pursuant to this standard and the Leases standard (discussed below), the Company presents Revenues net of address commissions. Address commissions represent a discount provided directly to the charterers based on a fixed percentage of the agreed upon charter. Since address commissions represent a discount (sales incentive) on services rendered by the Company and no identifiable benefit is received in exchange for the consideration provided to the charterer, these commissions are presented as a reduction of revenue in the accompanying Consolidated Statements of Comprehensive Income/(Loss). The Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less, in accordance with the optional exception in ASC 606.
Leases	Leases Revenues for the years ended December 31, 2021, 2022 and 2023, deriving from significant charterers individually accounting for 10% or more of revenues (in percentages of total revenues), were as follows: Summary of Revenue from Significant Charterers for 10% or More of Revenue 2021 2022 2023 Charterer Year ended December 31, 2021 2022 2023 A 27 % — 43 % B — 41 % 24 % C 17 % 27 % 18 % D 12 % — — Total 56 % 68 % 85 % Revenues 56 % 68 % 85 % The maximum aggregate amount of loss due to credit risk, net of related allowances, that the Company would incur if the aforementioned charterers failed completely to perform according to the terms of the relevant charter parties, amounted to $ 8,834 1,843
Restricted Cash	(x) Restricted Cash Statement of Cash Flows (Topic 230): Restricted Cash 2,626 1,800 The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the accompanying Consolidated Balance Sheets are presented in the accompanying consolidated statement of cash flows for the years ended December 31, 2021, 2022 and 2023. Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash 2021 2022 2023 December 31, 2021 2022 2023 Cash and cash equivalents $ 6,180 $ 7,563 $ 34,539 Restricted cash, current portion 944 376 — Restricted cash, net of current portion 2,750 2,250 1,800 Total cash and cash equivalents and restricted cash $ 9,874 $ 10,189 $ 36,339
Short-term investments	(y) Short-term investments 20,000 nil nil nil 1,240
Business combinations	(z) Business combinations
Debt Modifications and Extinguishments	(aa) Debt Modifications and Extinguishments 541 34 379
Distinguishing Liabilities from Equity	(ab) Distinguishing Liabilities from Equity
Share based payments	(ac) Share based payments
Deferred financing costs	(ad) Deferred financing costs
New Accounting Pronouncements – Not Yet Adopted	(ae) New Accounting Pronouncements – Not Yet Adopted Segment Reporting:

Basis of Presentation and Gen_2

Basis of Presentation and General Information: (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of Ownership and Operation of Tanker Vessels	All of the Vessel-owning companies are engaged in the marine transportation of liquid cargoes through the ownership and operation of tanker vessels and dry commodities through the ownership and operation of dry-bulk carriers, as listed below: Schedule of Ownership and Operation of Tanker Vessels Vessel-owning Company Incorporation date Vessel DWT Year built Acquisition date Tanker fleet Seventhone 05/31/2011 Pyxis Theta 51,795 2013 09/16/2013 Tenthone 04/22/2021 Pyxis Karteria 46,652 2013 07/15/2021 Eleventhone 11/09/2021 Pyxis Lamda 50,145 2017 12/20/2021 Dry-bulk fleet Dryone 07/04/2023 Konkar Ormi 63,520 2016 09/14/2023

Significant Accounting Polici_3

Significant Accounting Policies: (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of VIE’s Assets and Liabilities	Schedule of VIE’s Assets and Liabilities Amount Total current assets $ 770 Total fixed assets, net 28,094 Total other non-current assets 800 Total assets: $ 29,664 Total current liabilities $ 1,867 Total non-current liabilities 16,999 Total stockholders’ equity 10,798 Total liabilities and stockholders’ equity: $ 29,664
Schedule of Revenue Disaggregated by Revenue Source	The following table presents the Company’s revenue disaggregated by revenue source, net of commissions, for the years ended December 31, 2021, 2022 and 2023: Schedule of Revenue Disaggregated by Revenue Source 2021 2022 2023 Year ended December 31, 2021 2022 2023 Revenues derived from spot charters, net $ 13,711 $ 39,099 $ 12,665 Revenues derived from time charters, net 11,630 19,245 32,803 Revenues, net $ 25,341 $ 58,344 $ 45,468
Summary of Revenue from Significant Charterers for 10% or More of Revenue	Revenues for the years ended December 31, 2021, 2022 and 2023, deriving from significant charterers individually accounting for 10% or more of revenues (in percentages of total revenues), were as follows: Summary of Revenue from Significant Charterers for 10% or More of Revenue 2021 2022 2023 Charterer Year ended December 31, 2021 2022 2023 A 27 % — 43 % B — 41 % 24 % C 17 % 27 % 18 % D 12 % — — Total 56 % 68 % 85 % Revenues 56 % 68 % 85 %
Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the accompanying Consolidated Balance Sheets are presented in the accompanying consolidated statement of cash flows for the years ended December 31, 2021, 2022 and 2023. Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash 2021 2022 2023 December 31, 2021 2022 2023 Cash and cash equivalents $ 6,180 $ 7,563 $ 34,539 Restricted cash, current portion 944 376 — Restricted cash, net of current portion 2,750 2,250 1,800 Total cash and cash equivalents and restricted cash $ 9,874 $ 10,189 $ 36,339

Transactions with Related Par_2

Transactions with Related Parties (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of Amounts Charged by Maritime Included in the Accompanying Consolidated Statements of Comprehensive Loss	The following amounts were charged by Maritime pursuant to the head management and ship-management agreements and by Konkar Agencies pursuant to the ship-management agreement with the ship-owning company of vessel “Konkar Ormi” Schedule of Amounts Charged by Maritime Included in the Accompanying Consolidated Statements of Comprehensive Loss 2021 2022 2023 Year ended December 31, 2021 2022 2023 Included in Voyage related costs and commissions Charter hire commissions $ 322 $ 735 $ 575 Included in Management fees, related parties Ship-management Fees 716 702 728 Included in General and administrative expenses Administration Fees 1,632 1,652 1,812 Total $ 2,670 $ 3,089 $ 3,115

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
Schedule of Inventories	The amounts in the accompanying Consolidated Balance Sheets are analyzed as follows: Schedule of Inventories December 31, 2022 2023 Lubricants $ 617 $ 414 Bunkers 1,294 543 Total $ 1,911 $ 957

Vessels, net (Tables)

Vessels, net (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Vessels	The amounts in the accompanying Consolidated Balance Sheets are analyzed as follows: Schedule of Vessels Vessel Accumulated Net Book Cost Depreciation Value Balance January 1, 2022 $ 148,175 $ (28,451 ) $ 119,724 BWTS installation 561 — 561 Depreciation — (6,100 ) (6,100 ) Balance December 31, 2022 $ 148,736 $ (34,551 ) $ 114,185 Balance January 1, 2023 $ 148,736 $ (34,551 ) $ 114,185 Vessel acquicition - Konkar Ormi 28,500 — 28,500 Sale of Vessel - Pyxis Malou (25,625 ) 9,519 (16,106 ) Sale of Vessel - Pyxis Epsilon (33,198 ) 10,505 (22,693 ) Vessel additions 77 — 77 BWTS installation 813 — 813 Depreciation — (5,503 ) (5,503 ) Balance December 31, 2023 $ 119,303 $ (20,030 ) $ 99,273

Deferred dry-dock and special_2

Deferred dry-dock and special survey costs, net (Tables)	12 Months Ended
	Dec. 31, 2023
Deferred Dry-dock And Special Survey Costs Net
Schedule of Deferred Charges	The movement in deferred charges, net, in the accompanying Consolidated Balance Sheets are as follows: Schedule of Deferred Charges Dry-docking costs 2021 2022 2023 Balance January 1, $ 1,594 $ 912 $ 794 Additions 253 266 1,506 Amortization of special survey costs (406 ) (384 ) (388 ) Transfer to vessels held for sale (529 ) — — Pyxis Malou sale — — (168 ) Pyxis Epsilon sale — — (122 ) Balance December 31, $ 912 $ 794 $ 1,622

Long-term Debt (Tables)

Long-term Debt (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	The amounts shown in the accompanying Consolidated Balance Sheets at December 31, 2021 and 2022, are analyzed as follows: Schedule of Long-Term Debt 2022 2023 December 31, 2022 2023 Vessel (Borrower) (a) “Pyxis Malou” (Fourthone) $ 6,616 $ — (b) “Pyxis Theta” (Seventhone) 12,550 11,350 (c) “Pyxis Epsilon” (Eighthone) 14,900 — (d) “Pyxis Karteria” (Tenthone) 11,800 14,150 (a) “Pyxis Lamda” (Eleventhone) 19,884 17,390 (e) “Konkar Ormi” (Dryone) — 18,600 Total $ 65,750 $ 61,490 Current portion $ 6,100 $ 5,777 Less: Current portion of deferred financing costs (271 ) (197 ) Current portion of long-term debt, net of deferred financing costs, current $ 5,829 $ 5,580 Long-term portion $ 59,650 $ 55,713 Less: Non-current portion of deferred financing costs (603 ) (343 ) Long-term debt, net of current portion and deferred financing costs, non-current $ 59,047 $ 55,370
Schedule of Principal Payments	The annual principal payments required to be made after December 31, 2023, are as follows: Schedule of Principal Payments To December 31, Amount 2024 $ 5,777 2025 14,277 2026 16,337 2027 2,400 2028 22,699 Total $ 61,490

Non-controlling Interest (Table

Non-controlling Interest (Tables)	12 Months Ended
	Dec. 31, 2023
Noncontrolling Interest [Abstract]
Schedule of Non controlling Interest	Schedule of Non controlling Interest Amount Balance, January 1, 2023 $ — Non-controlling interest contribution in Drykon 4,520 Net loss attributable to non-controlling interest ( 40 (201 ) Balance, December 31, 2023 $ 4,319

Income_(Loss) per Common Share

Income/(Loss) per Common Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Loss Per Common Share	The amounts shown in the accompanying Consolidated Statements of Comprehensive Income/(Loss) for the years ended December 31, 2021, 2022 and 2023, are analyzed as follows: Schedule of Loss Per Common Share 2021 2022 2023 Year ended December 31, 2021 2022 2023 Net income attributable to Pyxis Tankers Inc. $ (12,338 ) $ 13,392 $ 37,037 Dividend Series A Convertible Preferred Stock (555 ) (885 ) (810 ) Net income/(loss) attributable to common shareholders $ (12,893 ) $ 12,507 $ 36,227 Weighted average number of common shares, basic 8,994,768 10,613,672 10,701,059 Net income/(loss) per common share, basic $ (1.43 ) $ 1.18 $ 3.38 Net income/(loss) per common share, diluted (12,893 ) 13,392 37,037 Weighted average number of common shares, diluted 8,994,768 12,640,581 12,585,777 Net income/(loss) per common share, diluted $ (1.43 ) $ 1.06 $ 2.94

Risk Management and Fair Valu_2

Risk Management and Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Risk Management And Fair Value Measurements
Schedule of Fair Value of Assets and Liabilities	Fair value: Schedule of Fair Value of Assets and Liabilities Carrying Fair As of December 31, 2023 Value Value Cash and cash equivalents (including restricted cash) $ 36,339 $ 36,339 Short-term investment in time deposits $ 20,000 $ 20,000 Trade accounts receivable $ 4,964 $ 4,964 Due from related parties $ 194 $ 194 Trade accounts payable $ 1,695 $ 1,695 Long-term debt with variable interest rates, net $ 61,490 $ 61,490 Due to related parties $ 990 $ 990 Carrying Fair As of December 31, 2022 Value Value Cash and cash equivalents (including restricted cash) $ 10,189 $ 10,189 Trade accounts receivable $ 10,469 $ 10,469 Trade accounts payable $ 2,604 $ 2,604 Long-term debt with variable interest rates, net $ 65,750 $ 65,750 Promissory note with non-variable interest rate* $ 6,000 $ 5,968 Due to related parties $ 1,028 $ 1,028
Schedule of Financial Derivative Instrument Location	Schedule of Financial Derivative Instrument Location Consolidated Balance Sheets – Location 2022 2023 December 31, Consolidated Balance Sheets – Location 2022 2023 Financial derivative instrument – Other non-current assets $ 619 $ —
Schedule of Gains Losses on Derivative Instruments	Schedule of Gains Losses on Derivative Instruments Consolidated Statements of Comprehensive Income/(Loss) – Location 2022 2023 December 31, Consolidated Statements of Comprehensive Income/(Loss) – Location 2022 2023 Financial derivative instrument – Fair value at the beginning of the period $ 74 $ 619 Financial derivative instrument – Additions of the period — — Financial derivative instrument – Amounts received (10 ) (560 ) Financial derivative instrument – Fair value as at period end 619 — Gain/(Loss) from financial derivative instrument $ 555 $ (59 )

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Contractual Charter Revenues	Future minimum contractual charter revenues, gross of 1.25% address commission and 1.25% brokerage commissions to Maritime and of any other brokerage commissions to third parties, based on the vessels’ committed, non-cancelable, long-term time charter contracts as of December 31, 2023, are as follows: Schedule of Future Minimum Contractual Charter Revenues Year ending December 31, Amount 2024 $ 7,730 Total $ 7,730

Interest and Finance Costs (Tab

Interest and Finance Costs (Tables)	12 Months Ended
	Dec. 31, 2023
Interest And Finance Costs
Schedule of Interest and Finance Costs	The amounts in the accompanying Consolidated Statements of Comprehensive Income/(Loss) are analyzed as follows: Schedule of Interest and Finance Costs 2021 2022 2023 Year ended December 31, 2021 2022 2023 Interest on long-term debt (Note 8) $ 2,628 $ 3,698 $ 5,483 Interest on promissory note (Note 3) 335 450 69 Amortization of financing costs 247 303 247 Financing fees and charges 75 (10 ) 36 Total $ 3,285 $ 4,441 $ 5,835

Segmental information (Tables)

Segmental information (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Information	Schedule of Segment Information Tanker vessels Dry-bulk vessels Total Year ended December 31, 2023 Tanker vessels Dry-bulk vessels Total Revenues, net $ 43,889 $ 1,579 $ 45,468 Voyage related costs and commissions (6,121 ) (231 ) (6,352 ) Vessel operating expenses (10,772 ) (851 ) (11,623 ) General and administrative expenses (120 ) (28 ) (148 ) Management fees (1,388 ) (100 ) (1,488 ) Depreciation and amortization of special survey costs (5,485 ) (406 ) (5,891 ) Allowance for credit losses 78 — 78 Gain from the sale of vessel, net 25,125 — 25,125 Interest and finance costs (5,275 ) (478 ) (5,753 ) Loss from debt extinguishment (379 ) — (379 ) Loss from financial derivative instrument (59 ) — (59 ) Segment profit/(loss) $ 39,493 $ (515 ) $ 38,978 General and administrative expenses $ (3,300 ) Interest and finance costs (82 ) Interest income 1,240 Net income $ 36,836 A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets of December 31, 2023, is as follows: Tanker vessels Dry-bulk vessels Total Year ended December 31, 2023 Tanker vessels Dry-bulk vessels Total Cash and cash equivalents & restricted cash $ 4,237 $ 1,041 $ 5,278 Inventories 904 53 957 Trade accounts receivable 4,704 260 4,964 Prepayments and other assets 180 24 202 Due from related parties — 194 194 Vessels, net 71,179 28,094 99,273 Prepayments for vessel acquisition — 2,663 2,663 Special survey cost, net 1,622 — 1,622 Segment assets $ 82,826 $ 32,329 $ 115,153 Cash and cash equivalents $ 31,061 Short-term investment in time deposits 20,000 Prepayments and other current assets 99 Total assets $ 166,313

Schedule of Ownership and Opera

Schedule of Ownership and Operation of Tanker Vessels (Details) - Vessels [Member] Integer in Thousands	12 Months Ended
	Dec. 31, 2023 Integer
Seventhone Corp [Member]
Property, Plant and Equipment [Line Items]
Entity incorporation date of incorporation	May 31, 2011
Vessel	Pyxis Theta
DWT	51,795
Year built	2013
Acquisition date	Sep. 16, 2013
Tenthone Corp [Member]
Property, Plant and Equipment [Line Items]
Entity incorporation date of incorporation	Apr. 22, 2021
Vessel	Pyxis Karteria
DWT	46,652
Year built	2013
Acquisition date	Jul. 15, 2021
Eleventhone Corp [Member]
Property, Plant and Equipment [Line Items]
Entity incorporation date of incorporation	Nov. 09, 2021
Vessel	Pyxis Lamda
DWT	50,145
Year built	2017
Acquisition date	Dec. 20, 2021
Dryone [Member]
Property, Plant and Equipment [Line Items]
Entity incorporation date of incorporation	Jul. 04, 2023
Vessel	Konkar Ormi
DWT	63,520
Year built	2016
Acquisition date	Sep. 14, 2023

Basis of Presentation and Gen_3

Basis of Presentation and General Information: (Details Narrative) $ in Thousands		12 Months Ended
	Jul. 05, 2023 USD ($)	Dec. 31, 2023 USD ($) Integer	Nov. 05, 2023	Dec. 31, 2022 USD ($)
Advance for acquisition		$ 2,663
Mr. Valentis [Member]
Percentage of beneficially owned common stock		54.30%		54%
Vessel Ownership [Member]
Number of vessel ownership interest entities | Integer		3
DRYKON MARITIME Corp. [Member]
Business acquisition equity interest percentage	60%	60%	60%
Consideration in cash	$ 6,780	$ 6,780
Vessel Ownership [Member]
Entity ownership interest		100%
Non-vessels [Member]
Entity ownership interest		100%
Maritime Investors [Member]
Entity ownership interest		100%
PYXIS HOLDINGS INC. [Member]
Entity ownership interest		100%

Schedule of VIE_s Assets and Li

Schedule of VIE’s Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Total current assets	$ 60,880	$ 21,131
Total fixed assets, net	101,936	114,185
Total other non-current assets	3,497	3,663
Total assets:	166,313	138,979
Total current liabilities	10,084	12,561
Total non-current liabilities	55,370	65,047
Total stockholders’ equity	96,540	61,371
Total liabilities and stockholders’ equity:	166,313	$ 138,979
DRYKON MARITIME Corp. [Member]
Total current assets	770
Total fixed assets, net	28,094
Total other non-current assets	800
Total assets:	29,664
Total current liabilities	1,867
Total non-current liabilities	16,999
Total stockholders’ equity	10,798
Total liabilities and stockholders’ equity:	$ 29,664

Schedule of Revenue Disaggregat

Schedule of Revenue Disaggregated by Revenue Source (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Product Information [Line Items]
Revenues, net	$ 45,468	$ 58,344	$ 25,341
Spot Charters [Member]
Product Information [Line Items]
Revenues, net	12,665	39,099	13,711
Time Charters [Member]
Product Information [Line Items]
Revenues, net	$ 32,803	$ 19,245	$ 11,630

Summary of Revenue from Signifi

Summary of Revenue from Significant Charterers for 10% or More of Revenue (Details) - Customer Concentration Risk [Member] - Revenue Benchmark [Member]	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Charterer A [Member]
Product Information [Line Items]
Revenues	43%		27%
Charterer B [Member]
Product Information [Line Items]
Revenues	24%	41%
Charterer C [Member]
Product Information [Line Items]
Revenues	18%	27%	17%
Charterer D [Member]
Product Information [Line Items]
Revenues			12%
Charterers [Member]
Product Information [Line Items]
Revenues	85%	68%	56%

Schedule of Reconciliation of C

Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 34,539	$ 7,563	$ 6,180
Restricted cash, current portion		376	944
Restricted cash, net of current portion	1,800	2,250	2,750
Total cash and cash equivalents and restricted cash	$ 36,339	$ 10,189	$ 9,874

Significant Accounting Polici_4

Significant Accounting Policies: (Details Narrative) $ in Thousands		12 Months Ended
	Jul. 05, 2023 USD ($)	Dec. 31, 2023 USD ($) $ / t	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Nov. 05, 2023	Oct. 01, 2021 $ / t	Sep. 30, 2021 $ / t	Jan. 01, 2020 USD ($)
Product Information [Line Items]
Net loss		$ 37,037	$ 13,392	$ (12,338)
Hire collected in advance			$ 2,133
Cumulative adjustment of accumulated deficit								$ (9)
Credit loss rate		1.30%	1.60%
Doubtful accounts allowance		$ (78)	$ 118	11
Impairment test | $ / t		0.34				0.34	0.30
Decrease on net loss				32
Estimates the useful		25 years
Time deposits interest		$ 1,240
Maximum aggregate amount of loss due to credit risk		1,843	8,834
Restricted cash		1,800	2,626
Time deposits		20,000
Loss from debt extinguishment		379	34	$ 541
Spot Charters [Member]
Product Information [Line Items]
Accounts receivable		4,764	10,572
Allowance for expected credit losses		60	138
Time Charters [Member]
Product Information [Line Items]
Accounts receivable		260	$ 35
Hire collected in advance		1,173
DRYKON MARITIME Corp. [Member]
Product Information [Line Items]
Net loss		502
Noncontrolling Interest in Variable Interest Entity		201
Parent [Member]
Product Information [Line Items]
Net loss		$ 301
Chief Executive Officer and Chairman [Member]
Product Information [Line Items]
Consideration in cash	$ 4,520
Business acquisition equity interest percentage	40%
DRYKON MARITIME Corp. [Member]
Product Information [Line Items]
Business acquisition equity interest percentage	60%	60%			60%
Consideration in cash	$ 6,780	$ 6,780
PYXIS HOLDINGS INC. [Member]
Product Information [Line Items]
Business acquisition equity interest percentage					50%

Schedule of Amounts Charged by

Schedule of Amounts Charged by Maritime Included in the Accompanying Consolidated Statements of Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Ship-management Fees	$ 728	$ 702	$ 716
Total	11,623	12,481	12,454
Related Party [Member]
Related Party Transaction [Line Items]
Charter hire commissions	575	735	322
Ship-management Fees	728	702	716
Administration Fees	1,812	1,652	1,632
Total	$ 3,115	$ 3,089	$ 2,670

Transactions with Related Par_3

Transactions with Related Parties (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands

1 Months Ended

12 Months Ended

Feb. 10, 2023

Dec. 20, 2021

Nov. 15, 2021

Jun. 17, 2021

May 14, 2019

Oct. 28, 2015

Jan. 31, 2022

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Jul. 17, 2021

Jun. 16, 2021

Related Party Transaction [Line Items]

Due to related parties

$ 1,379

Promissory Note [Member]

Related Party Transaction [Line Items]

Promissory note percentage

7.50%

7.50%

Maturity date

Apr. 01, 2024

Apr. 01, 2023

Principal amount

$ 6,000

$ 6,000

$ 3,000

$ 1,000

Interest Payable

433

Interest on promissory note to be settled in common shares

$ 1,000

Debt Instrument, Convertible, Conversion Price

$ 3.6660

Debt Instrument, Convertible, Carrying Amount of Equity Component

$ 1,000

Payment of debt

$ 3,000

Promissory Note [Member] | Restricted Stock Units (RSUs) [Member]

Related Party Transaction [Line Items]

issuance of common stock, shares

272,766

Maritime Investors Promissory Note [Member]

Related Party Transaction [Line Items]

Promissory Note

$ 2,500

Promissory note percentage

9%

2.75%

Maturity date

Jan. 15, 2017

Principal balance

$ 5,000

Interest rate paid in cash

4.50%

Debt instrument maturity date description

the Company entered into a second amendment to the Amended & Restated Promissory Note which (i) extended the repayment of the outstanding principal, in whole or in part, until the earlier of a) one year after the repayment of the credit facility of Eighthone with Entrust Global Permal (the “Credit Facility”) on September 2023 (see Note 8), b) January 15, 2024 and c) repayment of any Paid-In-Kind (“PIK”) interest and principal deficiency amount under the Credit Facility

Interest rate paid in restricted shares

4.50%

Maritime Investors Promissory Note [Member] | Extended Maturity [Member]

Related Party Transaction [Line Items]

Maturity date

Mar. 31, 2020

Interest rate paid in cash

4.50%

Promissory Note [Member]

Related Party Transaction [Line Items]

Payment of debt

$ 64

113

Interest on debt

$ 69

$ 450

$ 335

Promissory Note [Member] | Accrued and Other Liabilities [Member]

Related Party Transaction [Line Items]

Payment of debt

337

216

Cash payable

113

64

Promissory Note [Member] | Accrued and Other Liabilities [Member] | Common Stock [Member]

Related Party Transaction [Line Items]

Interest on promissory note to be settled in common shares

55

Pyxis Maritime Corporation [Member]

Related Party Transaction [Line Items]

Ship management services per day per vessel

$ 0.325

Charter hire agreement commission rate

1.25%

Vessels initial term

5 years

Head management agreement commencement date

Mar. 23, 2020

Management agreements renewal period

5 years

Administration fees payable to related party

$ 1,600

Head management agreement, terms and manner of settlement

In the event of a change of control of the Company during the management period or within 12 months after the early termination of the Head Management Agreement, then the Company will pay to Maritime an amount equal to 2.5 times the then annual Administration Fees. Pursuant to the amendment of this agreement on March 18, 2020, in the event of such change of control and termination, the Company shall also pay to Maritime an amount equal to 12 months of the then daily Ship-management Fees.

Ship-management and administration fees percentage increase

the average rate in Greece was a deflation of 1.23% and, as a result, no adjustment was made to the Ship-management Fees and the Administration Fees for 2022. The average inflation rate in Greece in 2022 was 9.65% and, as a result, an adjustment to the Ship-management Fees and the Administration Fees have been made effective January 1, 2023. Effective January 1, the Ship-Management Fees and the Administration Fees for 2024 were increased by 3.50% in line with the average inflation rate in Greece in 2023 and were $381 per day per ship and $1.9 million annually, respectively.

Pyxis Maritime Corporation [Member] | Pyxis Epsilon [Member]

Related Party Transaction [Line Items]

Base term expired

December 31, 2017

Pyxis Maritime Corporation [Member] | Pyxis Malou [Member]

Related Party Transaction [Line Items]

Base term expired

December 31, 2018

While Vessel is Under Construction [Member]

Related Party Transaction [Line Items]

Ship management services per day per vessel

$ 0.450

Konkar Agencies [Member]

Related Party Transaction [Line Items]

Ship management services per day per vessel

$ 0.850

Charter hire agreement commission rate

1.25%

Related Party [Member]

Related Party Transaction [Line Items]

Due to related parties

$ 990

$ 1,028

SPP Shipbuilding Co. Ltd [Member] | Memorandum of Agreement [Member]

Related Party Transaction [Line Items]

Due to related parties

2,995

Interest on promissory note to be settled in common shares

$ 2,170

issuance of common stock, shares

1,034,751

Debt Instrument, Convertible, Carrying Amount of Equity Component

$ 1,325

Payments for Construction in Process

$ 32,000

Business Combination, Assets Arising from Contingencies, Amount Recognized, Other than at Fair Value

31,172

Line of Credit, Current

$ 21,680

Line of credit facility, expiration period

7 years

Cash

$ 4,320

SPP Shipbuilding Co. Ltd [Member] | Memorandum of Agreement [Member] | Secured Debt [Member]

Related Party Transaction [Line Items]

Line of Credit Facility, Collateral Fees, Amount

$ 3,000

Schedule of Inventories (Detail

Schedule of Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Inventory [Line Items]
Total	$ 957	$ 1,911
Lubricants [Member]
Inventory [Line Items]
Total	414	617
Bunkers [Member]
Inventory [Line Items]
Total	$ 543	$ 1,294

Schedule of Vessels (Details)

Schedule of Vessels (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Net book value, ending balance	$ 114,185
Depreciation	(5,503)	$ (6,100)	$ (4,898)
Net book value, ending balance	101,936	114,185
Vessel Cost [Member]
Property, Plant and Equipment [Line Items]
Vessel cost, ending balance	148,736	148,175
BWTS installation	813	561
Depreciation
Vessel cost, ending balance	119,303	148,736	148,175
Vessel additions	28,500
Vessel additions	(25,625)
Vessel additions	(33,198)
Vessel additions	77
Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Accumulated depreciation, ending balance	(34,551)	(28,451)
BWTS installation
Depreciation	(5,503)	(6,100)
Accumulated depreciation, ending balance	(20,030)	(34,551)	(28,451)
Vessel additions
Vessel additions	9,519
Vessel additions	10,505
Vessel additions
Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Net book value, ending balance	114,185	119,724
BWTS installation	813	561
Depreciation	(5,503)	(6,100)
Net book value, ending balance	99,273	$ 114,185	$ 119,724
Vessel additions	28,500
Vessel additions	(16,106)
Vessel additions	(22,693)
Vessel additions	$ 77

Vessels, net (Details Narrative

Vessels, net (Details Narrative) - USD ($)					1 Months Ended	12 Months Ended
	Feb. 15, 2024	Dec. 15, 2023	Sep. 14, 2023	Mar. 23, 2023	Jan. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Mar. 29, 2024
Property, Plant and Equipment [Line Items]
Impairment Charges						$ 0	$ 0	$ 0
[custom:OutstandingBalanceBWTSInstallation]						43,000
Proceeds from sale of property						64,213,000	8,509,000
Proceeds from long term debt						34,500,000		59,500,000
Proceeds from sale of property						28,500,000	2,995,000	$ 43,005,000
Subsequent Event [Member]
Property, Plant and Equipment [Line Items]
Additions amount					$ 27,000
cash									$ 197
Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Additions amount						813,000	$ 561,000
Additions amount						77,000
Ballast Water Treatment System Installation [Member]
Property, Plant and Equipment [Line Items]
Additions amount						$ 890,000
Ballast Water Treatment System Installation [Member] | Subsequent Event [Member]
Property, Plant and Equipment [Line Items]
Proceeds from sale of property	$ 26,625,000
cash	$ 14,500,000
Pyxis Malou [Member]
Property, Plant and Equipment [Line Items]
Proceeds from sale of property				$ 24,800,000
Proceeds from repayment of debt				18,900,000
Gain (Loss) from the sale of vessels				$ 8,017,000
Konhar Ormi [Member]
Property, Plant and Equipment [Line Items]
Proceeds from sale of property			$ 28,500,000
Proceeds from long term debt			$ 19,000,000
Pyxis Epsilon [Member]
Property, Plant and Equipment [Line Items]
Proceeds from sale of property		$ 40,750,000
Proceeds from repayment of debt		26,800,000
Gain (Loss) from the sale of vessels		$ 17,108,000

Insurance claim receivable (Det

Insurance claim receivable (Details Narrative) $ in Thousands	Dec. 31, 2022 USD ($)
Insurance [Abstract]
Outstanding insurance	$ 608
Insurance claim	$ 2,022

Schedule of Deferred Charges (D

Schedule of Deferred Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred Dry-dock And Special Survey Costs Net
Balance January 1,	$ 794	$ 912	$ 1,594
Additions	1,506	266	253
Amortization of special survey costs	(388)	(384)	(406)
Transfer to vessels held for sale			(529)
Pyxis Malou sale	(168)
Pyxis Epsilon sale	(122)
Balance December 31,	$ 1,622	$ 794	$ 912

Deferred dry-dock and special_3

Deferred dry-dock and special survey costs, net (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Second special survey cost	$ 1,622	$ 794	$ 912	$ 1,594
Second special survey cost	1,379
Pyxis Theta [Member]
Second special survey cost	700
Pyxis Karteria [Member]
Second special survey cost	$ 806

Schedule of Long-Term Debt (Det

Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total	$ 61,490	$ 65,750
Current portion	5,777	6,100
Less: Current portion of deferred financing costs	(197)	(271)
Current portion of long-term debt, net of deferred financing costs, current	5,580	5,829
Long-term portion	55,713	59,650
Less: Non-current portion of deferred financing costs	(343)	(603)
Long-term debt, net of current portion and deferred financing costs, non-current	55,370	59,047
Pyxis Malou [Member] | Fourthone Corporation Ltd [Member]
Property, Plant and Equipment [Line Items]
Total		6,616
Pyxis Theta Vessel [Member] | Seventhone Corp [Member]
Property, Plant and Equipment [Line Items]
Total	11,350	12,550
Pyxis Epsilon Vessel [Member] | Eighthone Corp [Member]
Property, Plant and Equipment [Line Items]
Total		14,900
Pyxis Karteria Vessel [Member] | Tenthone Corp [Member]
Property, Plant and Equipment [Line Items]
Total	14,150	11,800
Pyxis Lamda Vessel [Member] | Eleventhone Corp [Member]
Property, Plant and Equipment [Line Items]
Total	17,390	19,884
Konkar Ormi [Member] | Dryone Corp [Member]
Property, Plant and Equipment [Line Items]
Total	$ 18,600

Schedule of Long-Term Debt (D_2

Schedule of Long-Term Debt (Details) (Parenthetical) $ in Thousands				12 Months Ended
	Dec. 15, 2023 USD ($)	Mar. 23, 2023 USD ($)	Mar. 13, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 20, 2021 USD ($)	Jul. 09, 2021 USD ($)
Debt Instrument [Line Items]
Outstanding balance				$ 61,490	$ 65,750
Total long-term debt outstanding				61,490
Net cash proceeds				34,500		$ 59,500
Pyxis Karteria [Member]
Debt Instrument [Line Items]
Prepayment for loan facility			$ 15,500
Secured Loan Fourthone Corp [Member]
Debt Instrument [Line Items]
Minimum cash deposits				750
Reduced minimum cash deposits				$ 500
Maximum required leverage ratio				75%
Maximum required leverage ratio				32.20%
Maximum required leverage ratio				42.80%
Minimum security collateral cover required				125%
Secured Loan - Seventhone Corp. [Member]
Debt Instrument [Line Items]
Long term debt balloon payment				$ 9,250
Maximum required leverage ratio				75%
Maximum required leverage ratio				32.20%
Maximum required leverage ratio				42.80%
Minimum security collateral cover required				125%
Total long-term debt outstanding				$ 11,350
Quarterly installments payable (15 installments)				$ 300
Maturity date				July 2025
Secured Loan - Seventhone Corp. [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Interest rate margin				3.35
Secured Loan Eightth one Corp [Member]
Debt Instrument [Line Items]
Minimum cash deposits				$ 500
Secured Loan Tenthone Corp [Member]
Debt Instrument [Line Items]
Minimum cash deposits				$ 900
Maximum required leverage ratio				75%
Minimum security collateral cover required				130%
Minimum cash and cash equivalents				$ 2,000
Percentage of total debt				3%
Secured Loan Tenthone Corp [Member] | Minimum [Member]
Debt Instrument [Line Items]
Minimum cash deposits				$ 500
Secured Loan Tenthone Corp [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Interest rate margin				0.027
New Secured Loan Tenthone [Member]
Debt Instrument [Line Items]
Long-term debt balloon payment, per facility				$ 8,900
Secured Loan Dryone Corp [Member]
Debt Instrument [Line Items]
Minimum cash deposits				$ 800
Maximum required leverage ratio				75%
Maximum required leverage ratio				32.20%
Maximum required leverage ratio				42.80%
Minimum security collateral cover required				130%
Percentage of valuation amount				65%
Pyxis Epsilon Vessel [Member] | Secured Loan Eightth one Corp [Member]
Debt Instrument [Line Items]
Net cash proceeds	$ 26,800
Pyxis Karteria Vessel [Member] | Secured Loan Tenthone Corp [Member]
Debt Instrument [Line Items]
Down payment								$ 13,500
Debt instrument, face amount								$ 13,500
Konkar Ormi [Member]
Debt Instrument [Line Items]
Long term debt balloon payment				$ 12,600
Long term debt balloon payment year				2028-09
Interest rate margin				0.0235
Vessel acquisition date				$ 400
Last installment				300
Purchase amount				28,500
Fund payment				19,000
Outstanding loan amount				18,600
Fourthone [Member]
Debt Instrument [Line Items]
Down payment							$ 7,320
Fourthone [Member] | Pyxis Malou Vessel [Member]
Debt Instrument [Line Items]
Gross proceeds		$ 24,800
Proceeds from cash		18,900
Fourthone [Member] | Pyxis Lamda Vessel [Member]
Debt Instrument [Line Items]
Prepaid amount		$ 750
Eleventhone [Member]
Debt Instrument [Line Items]
Down payment							$ 21,680
Outstanding balance				17,390
Quarterly installments				432
Long term debt balloon payment				$ 12,210
Interest rate margin				0.0315
Eleventhone [Member] | Pyxis Lamda Vessel [Member]
Debt Instrument [Line Items]
Long term debt balloon payment year				2026-12
Tenth one [Member] | Pyxis Epsilon Vessel [Member]
Debt Instrument [Line Items]
Outstanding loan balance				$ 14,150
Vessel acquisition date				450
Last installment				$ 300

Schedule of Principal Payments

Schedule of Principal Payments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Debt Disclosure [Abstract]
2024	$ 5,777
2025	14,277
2026	16,337
2027	2,400
2028	22,699
Total	$ 61,490

Long-term Debt (Details Narrati

Long-term Debt (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Long-term debt, weighted average interest rate, at point in time	8.21%	5.41%	5.04%
Long Term Debt and Promissory Note [Member]
Short-Term Debt [Line Items]
Interest expense on long-term debt and promissory note	$ 5,552	$ 4,148	$ 2,963

Equity Capital Structure and _2

Equity Capital Structure and Equity Incentive Plan (Details Narrative) - USD ($)

12 Months Ended

Mar. 29, 2024

May 11, 2023

May 11, 2022

Dec. 20, 2021

Jul. 16, 2021

May 27, 2021

Apr. 02, 2021

Mar. 11, 2021

Feb. 24, 2021

Jan. 04, 2021

Dec. 20, 2020

Oct. 13, 2020

Oct. 08, 2020

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Oct. 13, 2023

Aug. 23, 2021

May 14, 2021

Dec. 21, 2020

Nov. 20, 2020

Apr. 06, 2020

Defined Benefit Plan Disclosure [Line Items]

Common stock, shares authorized

450,000,000

450,000,000

Common stock, shares authorized

50,000,000

50,000,000

Common stock, shares issued

10,542,547

10,614,319

Common stock, shares outstanding

10,542,547

10,614,319

Preferred shares, par value

$ 0.001

$ 0.001

Offering units

200,000

Offering price

$ 25

$ 25

Percentage of preferred shares

7.75%

Warrant exercise price per shares

$ 8.75

$ 8.75

Series A convertible preferred share, description

Each Series A Convertible Preferred Share is convertible into common shares at an initial conversion price of $5.60 per common share, or 4.46 common shares, at any time at the option of the holder, subject to certain customary adjustments

Series A Convertible Preferred Shares - automatic conversion upon market trigger

If the trading price of Pyxis Tankers’ common stock equals or exceeds $9.52 per share for at least 20 days in any 30 consecutive trading day period ending 5 days prior to notice, the Company can call, in whole or in part, for mandatory conversion of the Series A Convertible Preferred Shares

Change of control terms line item

In the case of a change of control that is pre-approved by the Company’s Board of Directors, holders of Series A Convertible Preferred Shares have the option to (i) demand that the Company redeem the Series A Convertible Preferred Shares at (a) $26.63 per Series A Convertible Preferred Share from the date of issuance until October 13, 2021, (b) $25.81 per Series A Convertible Preferred Share from October 13, 2021 until October 13, 2022 and (c) $25.00 after October 13, 2022, or (ii) continue to hold the Series A Convertible Preferred Shares. Upon a change of control, the holders also have the option to convert some or all of the Series A Convertible Preferred Shares, together with any accrued or unpaid dividends, into shares of common stock at the conversion rate. Change of Control means that (i) Mr. Valentios Valentis and his affiliates cease to own at least 20% of the voting securities of the Company, or (ii) a person or group acquires at least 50% voting control of the Company, and in the case of each of either (i) or (ii), neither the Company nor any surviving entity has its common stock listed on a recognized U.S. exchange

Dividend distribution terms

In addition, unless the Company has received the affirmative vote or consent of the holders of at least 66.67% of the then outstanding Series A Convertible Preferred Shares, voting as a single class, the Company may not create or issue any class or series of capital stock ranking senior to the Series A Convertible Preferred Shares with respect to dividends or distributions

Description of warrant purchase

On exercise, each Underwriter Warrant allows the holder to purchase one Series A Convertible Preferred Share or one Warrant to purchase one common share of the Company at $5.60 or, in case of absence of an effective registration statement, to exchange those cashless based on a formula set in the Underwriting Agreement.

Gross proceeds from the Offering

$ 5,000,000

Proceeds from offering

$ 4,300,000

Class of warrant or right, outstanding

1,590,540

Class of warrant or right, number of securities called by each warrant or right

107,143

107.1431

Warrants and rights outstanding, term

5 years

5 years

Share price

$ 3.75

General partners' offering costs

$ 250,000,000

Bid price

$ 1

Number of common stock issued, value

$ 23,119,000

Reverse stock split, description

Following the Reverse Stock Split, our common shares continued trading on the Nasdaq Capital Markets under its existing symbol, “PXS”, with a new CUSIP number, 71726130. The payment for fractional share interests in connection with the Reverse Stock Split reduced the outstanding common shares to 10,613,424 post-Reverse Stock Split. The Reverse Stock Split was undertaken with the objective of meeting the minimum $1.00 per share requirement for maintaining the listing of the common shares on the Nasdaq Capital Markets. Furthermore, following the Reverse Stock Split, (a) the Conversion Price, as defined in the certification of designation of the Company’s 7.75% Series A Cumulative Convertible Preferred Shares (NASDAQ Cap Mkts: PXSAP), was adjusted from $1.40 to $5.60 and (b) the Exercise Price, as defined in the Company’s warrants to purchase common shares (NASDAQ Cap Mkts: PXSAW), was adjusted from $1.40 to $5.60. All the share and per share information for all periods presented has been adjusted to reflect the one for four Reverse Stock Split.

Stock repurchase program, authorized amount

$ 2,000,000

Number of shares repurchased

331,591

Payments for commissions

$ 1,200,000

Issuance of restricted common stock

55,000

Restricted shares grant date, value

$ 201,000

171,000

Compensation cost in general and administrative expenses

171,000

Subsequent Event [Member]

Defined Benefit Plan Disclosure [Line Items]

Share price

$ 4.42

Stock repurchased during period, shares

44,557

Cash

$ 197

Restricted Stock [Member]

Defined Benefit Plan Disclosure [Line Items]

Total unrecognized cost

$ 30,000

Securities Purchase Agreement [Member]

Defined Benefit Plan Disclosure [Line Items]

Number of common stock issued, shares

3,571,429

Proceeds from investors

$ 25,000,000

Share price

$ 7

Increase in common stock par or stated value per share

$ 4

Adjustments to additional paid in capital, other

$ 23,115,000

Underwriter's Warrants [Member]

Defined Benefit Plan Disclosure [Line Items]

Warrant aggregate purchase price

$ 100,000

First type - Warrant for the purchase of an aggregate Series A Convertible Preferred Shares

2,000

4,683

4,683

First - type exercise price

$ 24.92

Second type - Warrant for the purchase of an aggregate Series A Convertible Preferred Shares

4,000

3,460

4,000

Second type - Exercise price

$ 0.01

Termination date

at any time on or after April 6, 2021 and prior to October 8, 2025

Conversion of stock, shares converted

45,842

Class of warrant or right, outstanding

3,460

4,000

Series A Convertible Preferred Stock [Member]

Defined Benefit Plan Disclosure [Line Items]

First type - Warrant for the purchase of an aggregate Series A Convertible Preferred Shares

2,683

First - type exercise price

$ 25

Second type - Warrant for the purchase of an aggregate Series A Convertible Preferred Shares

4,683

4,683

Conversion of stock, shares converted

200

Common Stock [Member]

Defined Benefit Plan Disclosure [Line Items]

Number of common stock issued, shares

3,571,429

Conversion of stock, shares converted

204,819

895

Number of common stock issued, value

$ 4,000

Number of shares repurchased

(331,591)

Issuance of restricted common stock

55,000

Restricted shares grant date, value

Common Stock [Member] | Subsequent Event [Member]

Defined Benefit Plan Disclosure [Line Items]

Stock repurchased during period, shares

44,557

Over-Allotment Option [Member]

Defined Benefit Plan Disclosure [Line Items]

Additional number of Series A Convertible Preferred Shares (optional preferred shares)

30,000

Additional number of warrants (optional warrants)

240,000

Purchase price per optional preferred share

$ 23.051

Purchase price per optional warrant

$ 0.00925

Partial over allotment of warrants exercised by the underwriter

135,040

Gross proceeds

$ 1,000

IPO [Member] | 7.75% Series A Cumulative Convertible Preferred Shares [Member]

Defined Benefit Plan Disclosure [Line Items]

Proceeds from offering

$ 6,170,000

Number of common stock issued, shares

308,487

Preference per share

$ 25

Purchase price

$ 20

Net of offering expense

$ 5,563,000

Amended and Restated Promissory Note [Member]

Defined Benefit Plan Disclosure [Line Items]

Number of common stock issued, shares

11,957

16,112

Repayment of principal amount

$ 1,000,000

Conversion of principal amount

1,000,000

Restructured principal amount

$ 3,000,000

Maturity date

Apr. 01, 2023

Accrue interest rate

7.50%

Amended and Restated Promissory Note [Member] | Restricted Stock [Member]

Defined Benefit Plan Disclosure [Line Items]

Number of common stock issued, shares

272,766

Maximum [Member]

Defined Benefit Plan Disclosure [Line Items]

Stock repurchase program, authorized amount

$ 2,000,000

Series A Convertible Preferred Shares [Member]

Defined Benefit Plan Disclosure [Line Items]

Common stock, shares authorized

1,000,000

1,000,000

Preferred stock, shares issued

403,631

449,473

Preferred stock, shares outstanding

403,631

449,473

Class of warrant or right, outstanding

1,591,062

Series A Convertible Preferred Shares and Detachable Warrants [Member]

Defined Benefit Plan Disclosure [Line Items]

Warrant exercise price per shares

$ 5.60

Warrant exercisable date

at any time prior to October 13, 2025 or, in case of absence of an effective registration statement, to exchange those cashless based on a formula

Annual cash dividend per share

$ 1.9375

Preferred dividend percentage

7.75%

Liquidation preference per share

25

Cash dividend per share

$ 0.1615

$ 0.1991

Monthly cash dividend paid per share

$ 0.1615

$ 0.1615

$ 0.1615

Dividend payable

$ 797,000

$ 871,000

$ 537,000

Series A Convertible Preferred Shares and Detachable Warrants [Member] | Maximum [Member]

Defined Benefit Plan Disclosure [Line Items]

Common shares from exerciseable of detachable warrants

1,600,000

Series A Preferred Stock [Member]

Defined Benefit Plan Disclosure [Line Items]

Share price

$ 25

Common Stock [Member]

Defined Benefit Plan Disclosure [Line Items]

Number of common stock issued, shares

1,034,751

Share price

$ 2.90

Common Stock [Member] | Pyxis Lamda [Member]

Defined Benefit Plan Disclosure [Line Items]

Number of common stock issued, shares

1,034,751

Number of common stock issued, value

$ 2,172,000

Schedule of Non controlling Int

Schedule of Non controlling Interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Noncontrolling Interest [Abstract]
Balance, January 1, 2023
Non-controlling interest contribution in Drykon	4,520
Net loss attributable to non-controlling interest (40%)	(201)
Balance, December 31, 2023	$ 4,319

Schedule of Non controlling I_2

Schedule of Non controlling Interest (Details) (Parenthetical)	Jul. 05, 2023
Chief Executive Officer and Chairman [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership percentage, noncontrolling owner	40%

Non-controlling Interest (Detai

Non-controlling Interest (Details Narrative) - USD ($) $ in Thousands		12 Months Ended
	Jul. 05, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Net loss		$ 37,037	$ 13,392	$ (12,338)
Noncontrolling Interest [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Net loss		201
DRYKON MARITIME Corp. [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Net loss		502
Parent [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Net loss		$ 301
DRYKON MARITIME Corp. [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership percentage, parent	60%
Consideration in cash	$ 6,780
DRYKON MARITIME Corp. [Member] | Chief Executive Officer [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Consideration in cash	$ 4,520,000
Chief Executive Officer and Chairman [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership percentage, noncontrolling owner	40%

Schedule of Loss Per Common Sha

Schedule of Loss Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net income attributable to Pyxis Tankers Inc.	$ 37,037	$ 13,392	$ (12,338)
Dividend Series A Convertible Preferred Stock	(810)	(885)	(555)
Net income/(loss) attributable to common shareholders	$ 36,227	$ 12,507	$ (12,893)
Weighted average number of common shares, basic	10,701,059	10,613,672	8,994,768
Net income/(loss) per common share, basic	$ 3.38	$ 1.18	$ (1.43)
Net income/(loss) per common share, diluted	$ 37,037	$ 13,392	$ (12,893)
Weighted average number of common shares, diluted	12,585,777	12,640,581	8,994,768
Net income/(loss) per common share, diluted	$ 2.94	$ 1.06	$ (1.43)

Schedule of Fair Value of Asset

Schedule of Fair Value of Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Short-term investment in time deposits	$ 20,000
Trade accounts payable	1,695	2,604
Carrying Value [Member]
Cash and cash equivalents (including restricted cash)	36,339	10,189
Short-term investment in time deposits	20,000
Trade accounts receivable	4,964	10,469
Trade accounts payable	1,695	2,604
Long-term debt with variable interest rates, net	61,490	65,750
Promissory note with non-variable interest rate*		6,000
Carrying Value [Member] | Related Party [Member]
Due from related parties	194
Due to related parties	990	1,028
Fair Value [Member]
Cash and cash equivalents (including restricted cash)	36,339	10,189
Short-term investment in time deposits	20,000
Trade accounts receivable	4,964	10,469
Trade accounts payable	1,695	2,604
Long-term debt with variable interest rates, net	61,490	65,750
Promissory note with non-variable interest rate*		5,968
Fair Value [Member] | Related Party [Member]
Due from related parties	194
Due to related parties	$ 990	$ 1,028

Schedule of Financial Derivativ

Schedule of Financial Derivative Instrument Location (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Risk Management And Fair Value Measurements
Financial derivative instrument – Other non-current assets		$ 619

Schedule of Gains Losses on Der

Schedule of Gains Losses on Derivative Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Risk Management And Fair Value Measurements
Financial derivative instrument – Fair value at the beginning of the period	$ 619	$ 74
Financial derivative instrument – Additions of the period
Financial derivative instrument – Amounts received	(560)	(10)
Financial derivative instrument – Fair value as at period end		619	$ 74
Gain/(Loss) from financial derivative instrument	$ (59)	$ 555

Risk Management and Fair Valu_3

Risk Management and Fair Value Measurements (Details Narrative) - USD ($)				12 Months Ended
	Jan. 25, 2023	Jul. 16, 2021	Jan. 19, 2018	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Impairment loss				$ 0	$ 0	$ 0
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Vessel Owing Company [Member]
Debt Instrument [Line Items]
Derivative, notional amount		$ 9,600,000	$ 10,000,000
Derivative, cap interest rate		2%	3.50%
Derivative, maturity date		Jul. 08, 2025	Jul. 16, 2021
Cash gain on derivatives	$ 600,000
LIBOR [Member] | Vessel Owing Company [Member]
Debt Instrument [Line Items]
Derivative, notional amount		$ 9,600,000
Derivative, cap interest rate		2%
Derivative, maturity date		Jul. 08, 2025
Cash gain on derivatives	$ 600,000

Schedule of Future Minimum Cont

Schedule of Future Minimum Contractual Charter Revenues (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 7,730
Total	$ 7,730

Schedule of Interest and Financ

Schedule of Interest and Finance Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest And Finance Costs
Interest on long-term debt (Note 8)	$ 5,483	$ 3,698	$ 2,628
Interest on promissory note (Note 3)	69	450	335
Amortization of financing costs	247	303	247
Financing fees and charges	36	(10)	75
Total	$ 5,835	$ 4,441	$ 3,285

Schedule of Segment Information

Schedule of Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Revenues, net	$ 45,468	$ 58,344	$ 25,341
Voyage related costs and commissions	(6,352)	(17,357)	(9,589)
Vessel operating expenses	(11,623)	(12,481)	(12,454)
General and administrative expenses	(3,448)	(2,508)	(2,538)
Allowance for credit losses	78	(118)	(11)
Gain from the sale of vessel, net	25,125	(466)
Interest and finance costs	(5,835)	(4,441)	(3,285)
Loss from debt extinguishment	(379)	(34)	(541)
Loss from financial derivative instrument	(59)	555
Net income/(loss) attributable to Pyxis Tankers Inc.	37,037	13,392	(12,338)
Net income/(loss)	36,836	13,392	(12,338)
Cash and cash equivalents & restricted cash	36,339	10,189	9,874
Inventories	957	1,911
Trade accounts receivable	4,964	10,469
Short-term investment in time deposits	20,000
Prepayments and other current assets	226	204
Total assets	166,313	138,979
Related Party [Member]
Segment Reporting Information [Line Items]
Vessel operating expenses	(3,115)	$ (3,089)	$ (2,670)
Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Revenues, net	45,468
Voyage related costs and commissions	(6,352)
Vessel operating expenses	(11,623)
General and administrative expenses	(148)
Management fees	(1,488)
Depreciation and amortization of special survey costs	(5,891)
Allowance for credit losses	78
Gain from the sale of vessel, net	25,125
Interest and finance costs	(5,753)
Loss from debt extinguishment	(379)
Loss from financial derivative instrument	(59)
Net income/(loss) attributable to Pyxis Tankers Inc.	38,978
General and administrative expenses	(3,300)
Interest and finance costs	(82)
Interest income	1,240
Net income/(loss)	36,836
Cash and cash equivalents & restricted cash	5,278
Inventories	957
Trade accounts receivable	4,964
Prepayments and other assets	202
Vessels, net	99,273
Prepayments for vessel acquisition	2,663
Special survey cost, net	1,622
Segment assets	115,153
Cash and cash equivalents	31,061
Short-term investment in time deposits	20,000
Prepayments and other current assets	99
Total assets	166,313
Reportable Subsegments [Member] | Related Party [Member]
Segment Reporting Information [Line Items]
Due from related parties	194
Tanker Vessels [Member] | Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Revenues, net	43,889
Voyage related costs and commissions	(6,121)
Vessel operating expenses	(10,772)
General and administrative expenses	(120)
Management fees	(1,388)
Depreciation and amortization of special survey costs	(5,485)
Allowance for credit losses	78
Gain from the sale of vessel, net	25,125
Interest and finance costs	(5,275)
Loss from debt extinguishment	(379)
Loss from financial derivative instrument	(59)
Net income/(loss) attributable to Pyxis Tankers Inc.	39,493
Cash and cash equivalents & restricted cash	4,237
Inventories	904
Trade accounts receivable	4,704
Prepayments and other assets	180
Vessels, net	71,179
Prepayments for vessel acquisition
Special survey cost, net	1,622
Segment assets	82,826
Tanker Vessels [Member] | Reportable Subsegments [Member] | Related Party [Member]
Segment Reporting Information [Line Items]
Due from related parties
Dry Bulk Vessels [Member] | Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Revenues, net	1,579
Voyage related costs and commissions	(231)
Vessel operating expenses	(851)
General and administrative expenses	(28)
Management fees	(100)
Depreciation and amortization of special survey costs	(406)
Allowance for credit losses
Gain from the sale of vessel, net
Interest and finance costs	(478)
Loss from debt extinguishment
Loss from financial derivative instrument
Net income/(loss) attributable to Pyxis Tankers Inc.	(515)
Cash and cash equivalents & restricted cash	1,041
Inventories	53
Trade accounts receivable	260
Prepayments and other assets	24
Vessels, net	28,094
Prepayments for vessel acquisition	2,663
Special survey cost, net
Segment assets	32,329
Dry Bulk Vessels [Member] | Reportable Subsegments [Member] | Related Party [Member]
Segment Reporting Information [Line Items]
Due from related parties	$ 194

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)		3 Months Ended	12 Months Ended
	Mar. 29, 2024	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Feb. 15, 2024
Subsequent Event [Line Items]
Convertible preferred stock dividends paid			$ 797,000	$ 871,000	$ 537,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Repurchased shares	44,557
cash	$ 197
Subsequent Event [Member] | Ballast Water Treatment System Installation [Member]
Subsequent Event [Line Items]
Shares issued						82,013
Secured debt						$ 26,625,000
cash						$ 14,500,000
Subsequent Event [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Shares repurchased, value	$ 197,000
Repurchased shares	44,557
Subsequent Event [Member] | Series A Convertible Preferred Shares [Member]
Subsequent Event [Line Items]
Cash dividends per share		$ 0.1615
Convertible preferred stock dividends paid		$ 196,000