Pyxis Tankers (PXS) 6-K23 Aug 24Pyxis Tankers Announces Date for the Release of the Second Quarter 2024 ResultsFinancial data

Company Profile

Cover

Cover	6 Months Ended
Cover	Jun. 30, 2024
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-37611
Entity Registrant Name	Pyxis Tankers Inc
Entity Central Index Key	0001640043
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

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 25,411	$ 34,539
Short-term investment in time deposits	17,000	20,000
Inventories	2,111	957
Trade accounts receivable, net	5,216	4,964
Prepayments and other current assets	1,359	226
Total current assets	51,097	60,880
FIXED ASSETS, NET:
Vessels, net	143,833	99,273
Advance for vessel acquisition		2,663
Total fixed assets, net	143,833	101,936
OTHER NON-CURRENT ASSETS:
Restricted cash, net of current portion	2,150	1,800
Deferred dry-dock and special survey costs, net	1,432	1,622
Prepayments and other non-current assets	75	75
Total other non-current assets	3,657	3,497
Total assets	198,587	166,313
CURRENT LIABILITIES:
Current portion of long-term debt, net of deferred financing costs	7,637	5,580
Trade accounts payable	1,936	1,695
Hire collected in advance	877	1,173
Accrued and other liabilities	1,429	646
Total current liabilities	12,854	10,084
NON-CURRENT LIABILITIES:
Long-term debt, net of current portion and deferred financing costs	80,846	55,370
Total non-current liabilities	80,846	55,370
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; 403,631 Series A Convertible Preferred Shares issued and outstanding as at December 31, 2023 and 303,631 at June 30, 2024)
Common stock ($0.001 par value; 450,000,000 shares authorized; 10,542,547 shares issued and outstanding as at December 31, 2023 and 10,458,767 at June 30, 2024, respectively)	11	11
Additional paid-in capital	103,993	110,799
Accumulated deficit	(5,819)	(14,270)
Total equity attributable to Pyxis Tankers Inc. and subsidiaries	98,185	96,540
Non-controlling interest	6,702	4,319
Total stockholders’ equity	104,887	100,859
Total liabilities and stockholders’ equity	198,587	166,313
Related Party [Member]
CURRENT ASSETS:
Due from related parties		194
CURRENT LIABILITIES:
Due to related parties	$ 975	$ 990

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
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	10,458,767	10,542,547
Common stock, shares outstanding	10,458,767	10,542,547
Series A Convertible Preferred Shares [Member]
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	303,631	403,631
Preferred stock, shares outstanding	303,631	403,631

Interim Consolidated Statements

Interim Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenues, net	$ 25,715	$ 21,121
Expenses:
Voyage related costs and commissions	(3,315)	(3,273)
Vessel operating expenses	(6,116)	(5,790)
General and administrative expenses	(1,546)	(2,002)
Management fees, related parties	(498)	(330)
Management fees, other	(244)	(397)
Amortization of special survey costs	(194)	(176)
Depreciation	(3,095)	(2,634)
Allowance for credit losses		75
Gain from the sale of vessels, net		8,017
Operating income	10,707	14,611
Other expenses, net:
Loss from debt extinguishment		(287)
Loss from financial derivative instruments		(59)
Interest and finance costs	(3,073)	(2,808)
Interest income	1,261	413
Total other expenses, net	(1,812)	(2,741)
Net income	8,895	11,870
Gain attributable to non-controlling interest	(53)
Net income attributable to Pyxis Tankers Inc.	8,842	11,870
Dividend Series A Convertible Preferred Stock	(383)	(418)
Net income attributable to common shareholders	$ 8,459	$ 11,452
Income per common share, basic	$ 0.81	$ 1.06
Income per common share, diluted	$ 0.73	$ 0.94
Weighted average number of common shares, basic	10,479,962	10,754,405
Weighted average number of common shares, diluted	12,124,208	12,577,390

Interim Consolidated Statemen_2

Interim Consolidated Statements of Stockholders' Equity (Unaudited) - 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, 2022		$ 11	$ 111,869	$ (50,509)	$ 61,371		$ 61,371
Beginning balance, shares at Dec. 31, 2022	449,473	10,614,319
Conversion of Series A Convertible Preferred Shares to common stock
Conversion of Series A Convertible Preferred Shares to common stock, shares	(45,642)	203,924
Preferred stock dividends paid				(405)	(405)		(405)
Common stock re-purchase program			(91)		(91)		(91)
Common stock re-purchase program, shares		(23,431)
Restricted common stock grants			48		48		48
Net income				11,870	11,870		11,870
Ending balance, value at Jun. 30, 2023		$ 11	111,826	(39,044)	72,793		72,793
Ending balance, shares at Jun. 30, 2023	403,831	10,794,812
Beginning balance, value at Dec. 31, 2023		$ 11	110,799	(14,270)	96,540	4,319	100,859
Beginning balance, shares at Dec. 31, 2023	403,631	10,542,547
Preferred stock dividends paid				(391)	(391)		(391)
Common stock re-purchase program			(380)		(380)		(380)
Common stock re-purchase program, shares		(83,780)
Restricted common stock grants			17		17		17
Net income				8,842	8,842	53	8,895
Common stock issued for vessel acquisition			1,382		1,382		1,382
Deemed dividend			(5,325)		(5,325)	(3,550)	(8,875)
Contributions from non-controlling interest						5,880	5,880
Partial redemption of Series A Convertible Preferred shares			(2,500)		(2,500)		(2,500)
Partial redemption of Series A Convertible Preferred shares, shares	(100,000)
Ending balance, value at Jun. 30, 2024		$ 11	$ 103,993	$ (5,819)	$ 98,185	$ 6,702	$ 104,887
Ending balance, shares at Jun. 30, 2024	303,631	10,458,767

Interim Consolidated Statemen_3

Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 8,895	$ 11,870
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	3,095	2,634
Amortization and write-off of special survey costs	194	176
Allowance for credit losses		(75)
Amortization and write-off of financing costs	114	126
Amortization of restricted common stock grants	17	47
Loss from debt extinguishment		287
Loss from financial derivative instrument		59
Gain on sale of vessels, net		(8,017)
Changes in assets and liabilities:
Inventories	(1,154)	1,053
Due from related parties	178	50
Trade accounts receivable, net	(253)	6,398
Prepayments and other assets	(1,133)	(339)
Insurance claim receivable		608
Special survey cost	(4)	(814)
Trade accounts payable	241	(491)
Hire collected in advance	(296)	(1,215)
Accrued and other liabilities	785	(88)
Net cash provided by operating activities	10,679	12,269
Cash flow from investing activities:
Proceeds from the sale of vessel, net		24,291
Vessel acquisitions	(44,969)
Vessel additions	(24)	(21)
Short-term investment in time deposits	3,000
Net cash (used in)/provided by investing activities	(41,993)	24,270
Cash flows from financing activities:
Proceeds from long-term debt	31,000	15,500
Repayment of long-term debt	(3,313)	(21,697)
Contributions from non-controlling interests to Joint Venture	5,880
Partial redemption of Series A Convertible Preferred shares	(2,500)
Repayment of promissory note		(6,000)
Financial derivative instrument		561
Payment of financing costs	(267)	(148)
Preferred stock dividends paid	(391)	(405)
Common stock re-purchase program	(380)	(91)
Deemed dividend	(7,493)
Net cash provided by/(used in) financing activities	22,536	(12,280)
Net (decrease)/increase in cash and cash equivalents and restricted cash	(8,778)	24,259
Cash and cash equivalents and restricted cash at the beginning of the period	36,339	10,189
Cash and cash equivalents and restricted cash at the end of the period	27,561	34,448
SUPPLEMENTAL INFORMATION:
Cash paid for interest	2,815	2,598
Non-cash financing activities – issuance of common stock financing acquisition of vessel “Konkar Venture”	$ 1,382

Basis of Presentation and Gener

Basis of Presentation and General Information	6 Months Ended
Basis of Presentation and General Information	Jun. 30, 2024
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 June 30, 2024, Pyxis owns 100 four ● 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”); ● DRYTWO CORP., established under the laws of the Republic of the Marshall Islands (“Drytwo”) As of June 30, 2024, we also own 60 6,780 “Konkar Ormi” As of June 30, 2024, we also own 60 8,700 “Konkar Venture” “Konkar Venture” “Konkar Asteri” 18,000 We consolidate in our financial statements the aforementioned dry-bulk joint ventures for the “Konkar Ormi” “Konkar Venture” Pyxis also currently owns 100 ● SECONDONE CORPORATION LTD, established under the laws of the Republic of the Marshal Islands (“Secondone”) that owned the vessel “Northsea Alpha” ● THIRDONE CORPORATION LTD, established under the laws of the Republic of the Marshal Islands (“Thirdone”) that owned the vessel “Northsea Beta” ● FOURTHONE CORPORATION LTD, established under the laws of the Republic of Malta (“Fourthone”) that owned the vessel “Pyxis Malou” ● SIXTHONE CORP., established under the laws of the Republic of the Marshal Islands (“Sixthone”) that owned the vessel “Pyxis Delta” ● EIGHTHONE CORP., established under the laws of the Republic of the Marshall Islands (“Eighthone”) that owned the vessel “Pyxis Epsilon” ● MARITIME TECHNOLOGIES CORP, established under the laws of Delaware. 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 31-May-2011 Pyxis Theta 51,795 2013 16-Sep-2013 Tenthone 22-Apr-2021 Pyxis Karteria 46,652 2013 15-Jul-2021 Eleventhone 11-Sep-2021 Pyxis Lamda 50,145 2017 20-Dec-2021 Dry-bulk fleet Dryone 04-Jul-2023 Konkar Ormi 63,520 2016 14-Sep-2023 Drytwo 24-Nov-2023 Konkar Asteri 82,013 2015 15-Feb-2024 Drythree 29-May-2024 Konkar Venture 82,099 2015 28-Jun-2024 PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. dollars, except for share and per share data) 1. Basis of Presentation and General Information: -Continued: The accompanying unaudited interim Condensed Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete annual financial statements. In the opinion of the management of the Company, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of financial position, operating results and cash flows have been included in the accompanying unaudited interim Condensed Consolidated Financial Statements. Interim results are not necessarily indicative of results that may be expected for the year ending December 31, 2024. These Unaudited Interim Condensed Consolidated Financial Statements should be read in conjunction with the Condensed Consolidated Financial Statements and footnotes for the year ended December 31, 2023, included in the Company’s Annual Report on Form 20-F filed with the SEC on April 17, 2024 (the “2023 Annual Report”). Revenues for the six month periods ended June 30, 2023 and 2024, 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 2023 2024 Charterer Six months ended June 30, 2023 2024 A 13 % 30 % B 50 % 27 % C — 20 % D 31 % — Total 94 % 77 % The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the accompanying unaudited interim Consolidated Balance Sheets and the accompanying unaudited interim Consolidated Statement of Cash Flows for the six month period ended June 30, 2024 and the Consolidated Statement of Cash Flows for the year ended December 31, 2023. Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash December 31, June 30, 2023 2024 Cash and cash equivalents $ 34,539 $ 25,411 Restricted cash, current portion — — Restricted cash, net of current portion 1,800 2,150 Total cash and cash equivalents and restricted cash $ 36,339 $ 27,561 PYXIS MARITIME CORP. (“Maritime”), a corporation established under the laws of the Republic of the Marshall Islands, which is beneficially owned by Mr. Valentis, the Company’s Chairman, Chief Executive Officer and Class I Director, provides certain ship management services to the tanker Vessel-owning companies, as discussed in Note 3. KONKAR SHIPPING AGENCIES S.A. (“Konkar Agencies”), was formed in June 1973, under the laws of the Republic of Panama and has an office established in Greece under Law 89/1967 as amended. The Company, which is beneficially owned by our Chief Executive Officer and Chairman, provides a wide range of shipping services to the dry-bulk carrier Vessel-owning companies, as discussed in Note 3. With effect from the delivery of each vessel, the crewing and technical management of the vessels were 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 As of June 30, 2024, the Company had a working capital surplus of $ 38.2 As of June 30, 2024, Mr. Valentis beneficially owned 54.8 PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. dollars, except for share and per share data)

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
Significant Accounting Policies	Jun. 30, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies The accounting policies followed in the preparation of these Unaudited Interim Condensed Consolidated Financial Statements are the same with those applied in the preparation of the Company’s Condensed Consolidated Financial Statements for the year ended December 31, 2023. See Note 2 to the Company’s Condensed Consolidated Financial Statements for the year ended December 31, 2023, included in the 2023 Annual Report. There have been no material changes to these policies in the six month period ended June 30, 2024.

Transactions with Related Parti

Transactions with Related Parties	6 Months Ended
Transactions with Related Parties	Jun. 30, 2024
Related Party Transactions [Abstract]
Transactions with Related Parties	3. Transactions with Related Parties On June 28, 2024, the Company completed the acquisition of an 82,099 dwt eco-efficient Kamsarmax dry-bulk built in 2015 at Jiangsu New Yangzi Shipbuilding. The $ 30,000 purchase price for the “Konkar Venture” 16,500 , $ 12,000 cash, of which the Company contributed $ 7,300 in cash, and the issuance of 267,857 restricted common shares to the seller related to our Chief Executive Officer and Chairman. Upon acquisition of the “Konkar Venture” 8,875 , which was considered a deemed dividend by the Company (of which, $ 7,493 1,382 60 % controlling ownership interest in the joint venture. The following transactions with related parties occurred during the six month periods ended June 30, 2023 and 2024. (a) Ship management services The following amounts were charged by Maritime pursuant to the head management and ship-management agreements with the Company and Konkar Agencies pursuant to the ship-management agreements, and are included in the accompanying unaudited interim Consolidated Statements of Comprehensive Income: Schedule of Amounts Charged by Maritime Included in the Accompanying Consolidated Statements of Comprehensive Loss 2023 2024 Six months ended June 30, 2023 2024 Included in Voyage related costs and commissions Charter hire commissions $ 267 $ 323 Included in Management fees, related parties Ship-management Fees 330 498 Included in General and administrative expenses Administration Fees 898 961 Total $ 1,495 $ 1,782 During the first quarter of 2023, we also paid a one-time performance bonus of $ 600 As of December 31, 2023 and June 30, 2024, the balances with Maritime was a due to of $ 990 957 194 18 The Company uses the services of Maritime, 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 (the “Head Management Agreement”). For the ship management services, Maritime charges a fee payable by each subsidiary of $ 0.325 0.450 1.25 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 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 then daily Ship-management Fees. PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. dollars, except for share and per share data) 3. Transactions with Related Parties: – Continued: 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. Effective January 1, 2024 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 $1,875 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 (b) Maritime Investors Corp.: On February 10, 2023 the Company repaid $ 3,000 6,000 Interest charged on the Amended & Restated Promissory Note for the six months ended June 30, 2023 and 2024, amounted to $ 69 nill On May 11, 2023, Maritime Investors Corp was granted with 4,000

Inventories

Inventories	6 Months Ended
Inventories	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventories	4. Inventories The amounts in the accompanying unaudited interim Consolidated Balance Sheets are analyzed as follows: Schedule of Inventories December 31, June 30, 2023 2024 Lubricants $ 414 $ 516 Bunkers 543 1,595 Total $ 957 $ 2,111 PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. dollars, except for share and per share data)

Vessels, net

Vessels, net	6 Months Ended
Vessels, net	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Vessels, net	5. Vessels, net The amounts in the accompanying unaudited interim Consolidated Balance Sheets are analyzed as follows: Schedule of Vessels Vessel Accumulated Net Book Cost Depreciation Value Balance January 1, 2024 $ 119,303 $ (20,030 ) $ 99,273 Vessel acquisition - “Konkar Asteri” 26,625 — 26,625 Vessel acquisition - “Konkar Venture” 21,007 — 21,007 Vessel additions 23 — 23 Depreciation — (3,095 ) (3,095 ) Balance June 30, 2024 $ 166,958 $ (23,125 ) $ 143,833 On February 15, 2024, the Company completed the acquisition of an 82,013 2015 26,625 14.5 2.35 “Konkar Asteri” On June 28, 2024, the Company completed the acquisition of an 82,099 dwt eco-efficient Kamsarmax dry-bulk built in 2015 at Jiangsu New Yangzi Shipbuilding. The $ 30,000 purchase price for the “Konkar Venture” 16,500 , $ 12,000 cash, of which the Company contributed $ 7,300 in cash, and the issuance of 267,857 restricted common shares to the related party seller. Upon acquisition of the “Konkar Venture” 8,875 7,493 1,382 2.15 % and is secured by, among other things, the vessel. As of June 30, 2024, 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 impairment charge was deemed necessary for the period ended June 30, 2024. All of the Company’s vessels have been pledged as collateral to secure the bank loans discussed in Note 7.

Deferred dry dock and special s

Deferred dry dock and special survey costs, net	6 Months Ended
Deferred dry dock and special survey costs, net	Jun. 30, 2024
Deferred Dry Dock And Special Survey Costs Net
Deferred dry dock and special survey costs, net	6. Deferred dry dock and special survey costs, net The movement in deferred charges, net, in the accompanying unaudited interim Consolidated Balance Sheets are as follows: Schedule of Deferred Charges 2024 Balance January 1, $ 1,622 Additions 4 Amortization of special survey costs (194 ) Balance June 30, $ 1,432 The amortization of the special survey costs is separately reflected in the accompanying unaudited interim consolidated statement of comprehensive income.

Long-term Debt

Long-term Debt	6 Months Ended
Long-term Debt	Jun. 30, 2024
Debt Disclosure [Abstract]
Long-term Debt	7. Long-term Debt The amounts shown in the accompanying unaudited interim Consolidated Balance Sheets as at December 31, 2023 and June 30, 2024, are analyzed as follows: Schedule of Long-Term Debt December 31, June 30, Vessel (Borrower) 2023 2024 (a) “Pyxis Theta” (Seventhone) $ 11,350 $ 10,750 (b) “Pyxis Karteria” (Tenthone) 14,150 13,400 (c) “Pyxis Lamda” (Eleventhone) 17,390 16,527 (d) “Konkar Ormi” (Dryone Corp.) 18,600 17,800 (e) “Konkar Asteri” (Drytwo Corp.) — 14,200 (f) “Konkar Venture” (Drythree Corp.) — 16,500 Total $ 61,490 $ 89,177 PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. dollars, except for share and per share data) 7. Long-term Debt: - Continued: December 31, June 30, 2023 2024 Current portion $ 5,777 $ 7,887 Less: Current portion of deferred financing costs (197 ) (250 ) Current portion of long-term debt, net of deferred financing costs, current $ 5,580 $ 7,637 Long-term portion $ 55,713 $ 81,290 Less: Non-current portion of deferred financing costs (343 ) (444 ) Long-term debt, net of current portion and deferred financing costs, non-current $ 55,370 $ 80,846 (a) 15,250 11,293 10,750 300 9,250 July 2025 2.40 3.35 Standard loan covenants include, among others, a minimum liquidity and a minimum 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 ● 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” (b) “Pyxis Karteria” 15,500 11,500 13,400 300,000 8,900 March 2028 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 on average 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 ● MSC is to be at least 130 ● Minimum cash and cash equivalent shall not be less than the greater of (i) $ 2,000 3 PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. dollars, except for share and per share data) 7. Long-term Debt: - Continued: (c) “Pyxis Malou” “Pyxis Lamda” On the same date, Fourthone drew down an amount of $ 7,320 7,320 750 “Pyxis Lamda” Upon delivery of “Pyxis Lamda” 21,680 16,527 431.67 12,210 December 2026 3.15 2.40 Standard loan covenants include, among others, a minimum liquidity and a 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 agreements: Covenants: ● The borrower undertakes 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 ● 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. (d) “Konkar Ormi” “Konkar Ormi” 28,500 19,000 17,800 400 300 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 ● MSC is to be at least 130 (e) “Konkar Asteri” 82,013 2015 26,625 14,500 14,200 300 8,500 February 2029 2.35 PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. dollars, except for share and per share data) 7. Long-term Debt: - Continued: Covenants: ● The borrower undertakes to maintain minimum deposit with the bank of $ 350 ● The ratio of the corporate guarantor’s total liabilities (exclusive of the Promissory Note) to market adjusted total assets is not to exceed 75 ● 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. (f) “Konkar Venture” 16,500 16,500 315 10,200 June 2029 2.15 ● The borrower undertakes to maintain minimum deposit with the bank on average of $ 300 ● The ratio of the corporate guarantor’s total liabilities (exclusive of the Promissory Note) to market adjusted total assets is not to exceed 75 ● MSC is to be at least 130 ● Minimum cash and cash equivalent shall not be less than the greater of (i) $ 2,000 3 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. The annual principal payments required to be made after June 30, 2024, giving effect to the debt refinancing discussed in Note 7 and Note 16, are as follows: Schedule of Principal Payments To June 30, Amount 2025 $ 7,887 2026 7,787 2027 19,133 2028 14,660 2029 and thereafter 39,710 Total $ 89,177 Total interest expense on long-term debt and the Promissory Note for the six months ended June 30, 2023, and 2024, amounted to $ 2,661 2,935 8.17 8.11 As of June 30, 2024, the Company was in compliance with all of the loan covenants in its loan agreements and there was no amount available to be drawn down under the existing loan agreements.

Equity Capital Structure and Eq

Equity Capital Structure and Equity Incentive Plan	6 Months Ended
Equity Capital Structure and Equity Incentive Plan	Jun. 30, 2024
Retirement Benefits [Abstract]
Equity Capital Structure and Equity Incentive Plan	8. 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 On June 20, 2024, the Company paid $ 2,500 100,000 100,000 446,429 303,631 1,355,496 PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. dollars, except for share and per share data) 8. Equity Capital Structure and Equity Incentive Plan: - Continued: As of December 31, 2023 and June 30, 2024, the Company had a total of 10,542,547 10,458,767 403,631 303,631 5.60 0.001 Furthermore, as of December 31, 2023 and June 30, 2024, the Company had outstanding warrants which amounted to 1,591,062 5.60 4,683 4,683 24.97 3,460 3,460 5.60 107,143 8.75 125 During the first half of 2024, no 303,631 1,591,062 4,683 4,683 3,460 3,460 In October, 2015, our Board approved, and the Company adopted the Pyxis Tankers Inc. 2015 EIP for common shares. The maximum aggregate number of shares of common stock that may be delivered pursuant to awards granted under the Plan during the ten-year Under the terms of the EIP, the Company’s Board is able to grant, (a) non-qualified stock options, (b) stock appreciation rights, (c) restricted stock, (d) restricted stock units, (e) unrestricted stock grants, (f) other equity-based or equity-related awards and (g) dividend equivalents. No award may be granted under the EIP after the tenth anniversary of the date the EIP was adopted by our Board. On May 11, 2023 our Nominating & Corporate Governance Committee signed the resolution to grant the issuance of a total of 55,000 17 Restricted stock during the period ended June 30, 2024 is analyzed as follows: Summary of Restricted Stock Number of Shares Weighted Average Grant Date Price Outstanding at December 31, 2023 20,000 $ 3.68 Granted — — Vested — — Forfeited or expired — — Outstanding at June 30, 2024 20,000 $ 3.68 The fair value of the restricted shares has been determined with reference to the closing price of the Company’s stock on the date the agreements were signed. The aggregate compensation cost is being recognized ratably in the consolidated statement of comprehensive income over the respective vesting periods. At June 30, 2024 the total unrecognized cost relating to restricted share awards was $ 12 0.5 PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. dollars, except for share and per share data) 8. Equity Capital Structure and Equity Incentive Plan: - Continued: During the months of January through June, 2024 the Company paid monthly cash dividends of $ 0.1615 391 5,729,730 54.8

Non-controlling Interest (NCI)

Non-controlling Interest (NCI)	6 Months Ended
Non-controlling Interest (NCI)	Jun. 30, 2024
Noncontrolling Interest [Abstract]
Non-controlling Interest (NCI)	9. Non-controlling Interest (NCI) On July 5, 2023, the Company acquired an 60 6,780 40 4,520 60 On May 9, 2024, the Company acquired an 60 7,320 267,857 40 5,880 60 Based on the above and the relevant guidance under ASC 810 “Consolidation”, management has assessed that Drykon and Accuship are considered as VIEs (Variable Interest Entity). Further, management assessed that Pyxis has a controlling variable interest in these VIEs thus, Pyxis should consolidate Drykon and Accuship. For the six months ended June 30, 2024, joint ventures recorded a net income of $ 132 53 Schedule of Non controlling Interest Amount Balance, January 1, 2024 $ 4,319 Non-controlling interest contribution in Accuship 5,880 Deemed dividend (3,550 ) Net income attributable to non-controlling interest ( 40 53 Balance, June 30, 2024 $ 6,702

Income per Common Share_

Income per Common Share:	6 Months Ended
Income per Common Share:	Jun. 30, 2024
Earnings Per Share [Abstract]
Income per Common Share:	10. Income per Common Share: Schedule of Income Per Common Share 2023 2024 Six months ended June 30, 2023 2024 Net income attributable to Pyxis Tankers Inc. $ 11,870 $ 8,842 Dividend Series A Convertible Preferred Stock (418 ) (383 ) Net income attributable to common shareholders $ 11,452 $ 8,459 Weighted average number of common shares, basic 10,754,405 10,479,962 Net income per common share, basic $ 1.06 $ 0.81 Net income attributable to common shareholders, diluted 11,870 8,842 Weighted average number of common shares, diluted 12,577,390 12,124,208 Net income per common share, diluted $ 0.94 $ 0.73 PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. Dollars, except for share and per share data) 10. Net income per common share: - Continued: As of June 30, 2023, securities that could potentially dilute basic income per share in the future that were not included in the computation of diluted income per share, because to do so would have anti-dilutive effect, were 1,591,062 warrants, which have an exercise price of $ 5.60 , (exclusive of 4,683 underwriter’s warrants to purchase 4,683 Series A Convertible Preferred Shares at an average exercise price of $ 24.97 and 4,000 underwriter’s warrant to purchase 4,000 common shares with exercise price $ 5.60 ), calculated with the treasury stock method. The diluted income per common share includes 55,000 unvested restricted stocks units, which have vesting period up to November 2024 as well as shares assumed to be converted with respect to the 403,831 Series A Preferred Shares, which have a conversion price of $ 5.60 , calculated with the if-converted method. As of June 30, 2024, securities that could potentially dilute basic income per share in the future that were not included in the computation of diluted income per share, because to do so would have anti-dilutive effect, were 1,591,062 5.60 4,683 4,683 24.97 3,460 3,460 5.60 20,000 267,857 “Konkar Venture” 303,631 5.60

Risk Management and Fair Value

Risk Management and Fair Value Measurements	6 Months Ended
Risk Management and Fair Value Measurements	Jun. 30, 2024
Risk Management And Fair Value Measurements
Risk Management and Fair Value Measurements	11. 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 July 16, 2021 9,600 2 July 8, 2025 600 Credit risk Currency risk Fair value: PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. Dollars, except for share and per share data) 11. Risk Management and Fair Value Measurements: - Continued: Schedule of Fair Value of Assets and Liabilities Carrying Fair Value Value Cash and cash equivalents (including restricted cash) $ 27,561 $ 27,561 Short-term investment in time deposits $ 17,000 $ 17,000 Trade accounts receivable $ 5,216 $ 5,216 Due from related parties $ — $ — Trade accounts payable $ 1,936 $ 1,936 Long-term debt with variable interest rates, net $ 89,177 $ 89,177 Due to related parties $ 975 $ 975 The Company performs an impairment exercise whenever there are indicators of impairment. No 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. Information on the classification, the derivative fair value and the gain/(loss) from financial derivative instruments included in the Condensed Consolidated Financial Statements is shown below: Schedule of Financial Derivative Instrument Location December 31, June 30, Consolidated Balance Sheets – Location 2023 2024 Financial derivative instrument – Other non-current assets $ — $ — Schedule of Gains Losses on Derivative Instruments 2023 2024 Consolidated Statements of Comprehensive Income – Location Six months ended June 30, 2023 2024 Financial derivative instrument – Fair value at the beginning of the period $ 619 $ — Financial derivative instrument – Amounts received (560 ) — Financial derivative instrument – Fair value as at period end — — Loss from financial derivative instrument $ (59 ) $ — The derivative instrument – interest rate cap was sold on January 25, 2023 and we realized a net cash gain of $ 600 Assets measured at fair value on a non-recurring basis: Long lived assets held and used and held for sale As of December 31, 2023 and June 30, 2024, 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, 2023 and June 30, 2024, 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	6 Months Ended
Commitments and Contingencies	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. 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, short-term time charter contracts as of June 30, 2024, are $ 5,145 PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. Dollars, except for share and per share data) 12. Commitments and Contingencies: - Continued: 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 June 30, 2024 and as of the date of the issuance of the Unaudited Interim Condensed 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 Unaudited Interim Condensed 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	6 Months Ended
Interest and Finance Costs	Jun. 30, 2024
Interest And Finance Costs
Interest and Finance Costs	13. Interest and Finance Costs The amounts in the accompanying Unaudited Interim Condensed Consolidated Statements of Comprehensive Income are analyzed as follows: Schedule of Interest and Finance Costs 2023 2024 Six months ended June 30, 2023 2024 Interest on long-term debt (Note 7) $ 2,592 $ 2,935 Interest on Promissory Note (Note 3) 69 — Amortization of financing costs 126 114 Financing fees and charges 21 24 Total $ 2,808 $ 3,073

Revenues, net

Revenues, net	6 Months Ended
Revenues, net	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenues, net	14. Revenues, net The Company disaggregates its revenue from contracts with customers by the type of charter (time charters and spot charters). The following table presents the Company’s revenue disaggregated by revenue source for the six month periods ended June 30, 2023 and 2024: Schedule of Revenue Disaggregated by Revenue Source 2023 2024 Six months ended June 30, 2023 2024 Revenues derived from spot charters, net $ 3,962 $ 8,740 Revenues derived from time charters, net 17,159 16,975 Revenues, net $ 21,121 $ 25,715 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. The following table presents the Company’s net trade accounts receivable disaggregated by revenue source as December 31, 2023 and June 30, 2024: Schedule of Accounts Receivable Disaggregated Revenue December 31, June 30, 2024 Accounts receivable trade from spot charters $ 4,790 $ 3,827 Accounts receivable trade from time charters 260 1,475 Less: Bad debt provisions (26 ) (26 ) Less: Allowance for credit losses (60 ) (60 ) Total $ 4,964 $ 5,216

Segmental information

Segmental information	6 Months Ended
Segmental information	Jun. 30, 2024
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 2024. Prior to September, 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 Condensed Consolidated Financial Statements. Segment results are evaluated based on income from operations. PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. Dollars, except for share and per share data) 15. Segmental information: - Continued: Schedule of Segment Information Tanker vessels Dry-bulk vessels Total Six months ended June 30, 2024 Tanker vessels Dry-bulk vessels Total Revenues, net $ 19,824 $ 5,891 $ 25,715 Voyage related costs and commissions (2,492 ) (823 ) (3,315 ) Vessel operating expenses (3,936 ) (2,180 ) (6,116 ) General and administrative expenses (28 ) (125 ) (153 ) Management fees (452 ) (290 ) (742 ) Depreciation and amortization of special survey costs (2,099 ) (1,190 ) (3,289 ) Interest and finance costs (1,863 ) (1,204 ) (3,067 ) Segment profit $ 8,954 $ 79 $ 9,033 General and administrative expenses $ (1,393 ) Interest and finance costs (6 ) Interest income 1,261 Net income $ 8,895 A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets of June 30, 2024, is as follows: Tanker vessels Dry-bulk vessels Total June 30, 2024 Tanker vessels Dry-bulk vessels Total Cash and cash equivalents & restricted cash $ 3,005 $ 1,769 $ 4,774 Inventories 847 1,264 2,111 Trade accounts receivable 3,742 1,474 5,216 Prepayments and other assets 296 802 1,098 Vessels, net 69,299 74,534 143,833 Due from related parties — — — Prepayments for vessel acquisition — — — Special survey cost, net 1,432 — 1,432 Segment assets $ 78,621 $ 79,843 $ 158,464 Cash and cash equivalents $ 22,787 Short-term investment in time deposits 17,000 Prepayments and other current assets 336 Total assets $ 198,587 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 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	6 Months Ended
Subsequent Events	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	16. Subsequent Events Dividend payment: 0.1615 49 0.1615 49 August 20, 2024 August 13, 2024 Debt refinance: “Pyxis Theta” 10,750 2.40 3.35 3.15 2.40 16,500 “Pyxis Lamda” Common share buy-back program: 25,537 4.94 126,000

Basis of Presentation and Gen_2

Basis of Presentation and General Information (Tables)	6 Months Ended
Basis of Presentation and General Information (Tables)	Jun. 30, 2024
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 31-May-2011 Pyxis Theta 51,795 2013 16-Sep-2013 Tenthone 22-Apr-2021 Pyxis Karteria 46,652 2013 15-Jul-2021 Eleventhone 11-Sep-2021 Pyxis Lamda 50,145 2017 20-Dec-2021 Dry-bulk fleet Dryone 04-Jul-2023 Konkar Ormi 63,520 2016 14-Sep-2023 Drytwo 24-Nov-2023 Konkar Asteri 82,013 2015 15-Feb-2024 Drythree 29-May-2024 Konkar Venture 82,099 2015 28-Jun-2024
Summary of Revenue From Significant Charterers for 10% or More of Revenue	Revenues for the six month periods ended June 30, 2023 and 2024, 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 2023 2024 Charterer Six months ended June 30, 2023 2024 A 13 % 30 % B 50 % 27 % C — 20 % D 31 % — Total 94 % 77 %
Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash	Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash December 31, June 30, 2023 2024 Cash and cash equivalents $ 34,539 $ 25,411 Restricted cash, current portion — — Restricted cash, net of current portion 1,800 2,150 Total cash and cash equivalents and restricted cash $ 36,339 $ 27,561

Transactions with Related Par_2

Transactions with Related Parties (Tables)	6 Months Ended
Transactions with Related Parties (Tables)	Jun. 30, 2024
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 with the Company and Konkar Agencies pursuant to the ship-management agreements, and are included in the accompanying unaudited interim Consolidated Statements of Comprehensive Income: Schedule of Amounts Charged by Maritime Included in the Accompanying Consolidated Statements of Comprehensive Loss 2023 2024 Six months ended June 30, 2023 2024 Included in Voyage related costs and commissions Charter hire commissions $ 267 $ 323 Included in Management fees, related parties Ship-management Fees 330 498 Included in General and administrative expenses Administration Fees 898 961 Total $ 1,495 $ 1,782

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	The amounts in the accompanying unaudited interim Consolidated Balance Sheets are analyzed as follows: Schedule of Inventories December 31, June 30, 2023 2024 Lubricants $ 414 $ 516 Bunkers 543 1,595 Total $ 957 $ 2,111

Vessels, net (Tables)

Vessels, net (Tables)	6 Months Ended
Vessels, net (Tables)	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Vessels	The amounts in the accompanying unaudited interim Consolidated Balance Sheets are analyzed as follows: Schedule of Vessels Vessel Accumulated Net Book Cost Depreciation Value Balance January 1, 2024 $ 119,303 $ (20,030 ) $ 99,273 Vessel acquisition - “Konkar Asteri” 26,625 — 26,625 Vessel acquisition - “Konkar Venture” 21,007 — 21,007 Vessel additions 23 — 23 Depreciation — (3,095 ) (3,095 ) Balance June 30, 2024 $ 166,958 $ (23,125 ) $ 143,833

Deferred dry dock and special_2

Deferred dry dock and special survey costs, net (Tables)	6 Months Ended
Deferred dry dock and special survey costs, net (Tables)	Jun. 30, 2024
Deferred Dry Dock And Special Survey Costs Net
Schedule of Deferred Charges	The movement in deferred charges, net, in the accompanying unaudited interim Consolidated Balance Sheets are as follows: Schedule of Deferred Charges 2024 Balance January 1, $ 1,622 Additions 4 Amortization of special survey costs (194 ) Balance June 30, $ 1,432

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
Long-term Debt (Tables)	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	The amounts shown in the accompanying unaudited interim Consolidated Balance Sheets as at December 31, 2023 and June 30, 2024, are analyzed as follows: Schedule of Long-Term Debt December 31, June 30, Vessel (Borrower) 2023 2024 (a) “Pyxis Theta” (Seventhone) $ 11,350 $ 10,750 (b) “Pyxis Karteria” (Tenthone) 14,150 13,400 (c) “Pyxis Lamda” (Eleventhone) 17,390 16,527 (d) “Konkar Ormi” (Dryone Corp.) 18,600 17,800 (e) “Konkar Asteri” (Drytwo Corp.) — 14,200 (f) “Konkar Venture” (Drythree Corp.) — 16,500 Total $ 61,490 $ 89,177 PYXIS TANKERS INC. Notes to the Unaudited Interim Condensed Consolidated Financial Statements (Expressed in thousands of U.S. dollars, except for share and per share data) 7. Long-term Debt: - Continued: December 31, June 30, 2023 2024 Current portion $ 5,777 $ 7,887 Less: Current portion of deferred financing costs (197 ) (250 ) Current portion of long-term debt, net of deferred financing costs, current $ 5,580 $ 7,637 Long-term portion $ 55,713 $ 81,290 Less: Non-current portion of deferred financing costs (343 ) (444 ) Long-term debt, net of current portion and deferred financing costs, non-current $ 55,370 $ 80,846
Schedule of Principal Payments	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. The annual principal payments required to be made after June 30, 2024, giving effect to the debt refinancing discussed in Note 7 and Note 16, are as follows: Schedule of Principal Payments To June 30, Amount 2025 $ 7,887 2026 7,787 2027 19,133 2028 14,660 2029 and thereafter 39,710 Total $ 89,177

Equity Capital Structure and _2

Equity Capital Structure and Equity Incentive Plan (Tables)	6 Months Ended
Equity Capital Structure and Equity Incentive Plan (Tables)	Jun. 30, 2024
Retirement Benefits [Abstract]
Summary of Restricted Stock	Restricted stock during the period ended June 30, 2024 is analyzed as follows: Summary of Restricted Stock Number of Shares Weighted Average Grant Date Price Outstanding at December 31, 2023 20,000 $ 3.68 Granted — — Vested — — Forfeited or expired — — Outstanding at June 30, 2024 20,000 $ 3.68

Non-controlling Interest (NCI)

Non-controlling Interest (NCI) (Tables)	6 Months Ended
Non-controlling Interest (NCI) (Tables)	Jun. 30, 2024
Noncontrolling Interest [Abstract]
Schedule of Non controlling Interest	Schedule of Non controlling Interest Amount Balance, January 1, 2024 $ 4,319 Non-controlling interest contribution in Accuship 5,880 Deemed dividend (3,550 ) Net income attributable to non-controlling interest ( 40 53 Balance, June 30, 2024 $ 6,702

Income per Common Share_ (Table

Income per Common Share: (Tables)	6 Months Ended
Income per Common Share: (Tables)	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Income Per Common Share	Schedule of Income Per Common Share 2023 2024 Six months ended June 30, 2023 2024 Net income attributable to Pyxis Tankers Inc. $ 11,870 $ 8,842 Dividend Series A Convertible Preferred Stock (418 ) (383 ) Net income attributable to common shareholders $ 11,452 $ 8,459 Weighted average number of common shares, basic 10,754,405 10,479,962 Net income per common share, basic $ 1.06 $ 0.81 Net income attributable to common shareholders, diluted 11,870 8,842 Weighted average number of common shares, diluted 12,577,390 12,124,208 Net income per common share, diluted $ 0.94 $ 0.73

Risk Management and Fair Valu_2

Risk Management and Fair Value Measurements (Tables)	6 Months Ended
Risk Management and Fair Value Measurements (Tables)	Jun. 30, 2024
Risk Management And Fair Value Measurements
Schedule of Fair Value of Assets and Liabilities	Schedule of Fair Value of Assets and Liabilities Carrying Fair Value Value Cash and cash equivalents (including restricted cash) $ 27,561 $ 27,561 Short-term investment in time deposits $ 17,000 $ 17,000 Trade accounts receivable $ 5,216 $ 5,216 Due from related parties $ — $ — Trade accounts payable $ 1,936 $ 1,936 Long-term debt with variable interest rates, net $ 89,177 $ 89,177 Due to related parties $ 975 $ 975
Schedule of Financial Derivative Instrument Location	Schedule of Financial Derivative Instrument Location December 31, June 30, Consolidated Balance Sheets – Location 2023 2024 Financial derivative instrument – Other non-current assets $ — $ —
Schedule of Gains Losses on Derivative Instruments	Schedule of Gains Losses on Derivative Instruments 2023 2024 Consolidated Statements of Comprehensive Income – Location Six months ended June 30, 2023 2024 Financial derivative instrument – Fair value at the beginning of the period $ 619 $ — Financial derivative instrument – Amounts received (560 ) — Financial derivative instrument – Fair value as at period end — — Loss from financial derivative instrument $ (59 ) $ —

Interest and Finance Costs (Tab

Interest and Finance Costs (Tables)	6 Months Ended
Interest and Finance Costs (Tables)	Jun. 30, 2024
Interest And Finance Costs
Schedule of Interest and Finance Costs	The amounts in the accompanying Unaudited Interim Condensed Consolidated Statements of Comprehensive Income are analyzed as follows: Schedule of Interest and Finance Costs 2023 2024 Six months ended June 30, 2023 2024 Interest on long-term debt (Note 7) $ 2,592 $ 2,935 Interest on Promissory Note (Note 3) 69 — Amortization of financing costs 126 114 Financing fees and charges 21 24 Total $ 2,808 $ 3,073

Revenues, net (Tables)

Revenues, net (Tables)	6 Months Ended
Revenues, net (Tables)	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Revenue Disaggregated by Revenue Source	Schedule of Revenue Disaggregated by Revenue Source 2023 2024 Six months ended June 30, 2023 2024 Revenues derived from spot charters, net $ 3,962 $ 8,740 Revenues derived from time charters, net 17,159 16,975 Revenues, net $ 21,121 $ 25,715
Schedule of Accounts Receivable Disaggregated Revenue	The following table presents the Company’s net trade accounts receivable disaggregated by revenue source as December 31, 2023 and June 30, 2024: Schedule of Accounts Receivable Disaggregated Revenue December 31, June 30, 2024 Accounts receivable trade from spot charters $ 4,790 $ 3,827 Accounts receivable trade from time charters 260 1,475 Less: Bad debt provisions (26 ) (26 ) Less: Allowance for credit losses (60 ) (60 ) Total $ 4,964 $ 5,216

Segmental information (Tables)

Segmental information (Tables)	6 Months Ended
Segmental information (Tables)	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Information	Schedule of Segment Information Tanker vessels Dry-bulk vessels Total Six months ended June 30, 2024 Tanker vessels Dry-bulk vessels Total Revenues, net $ 19,824 $ 5,891 $ 25,715 Voyage related costs and commissions (2,492 ) (823 ) (3,315 ) Vessel operating expenses (3,936 ) (2,180 ) (6,116 ) General and administrative expenses (28 ) (125 ) (153 ) Management fees (452 ) (290 ) (742 ) Depreciation and amortization of special survey costs (2,099 ) (1,190 ) (3,289 ) Interest and finance costs (1,863 ) (1,204 ) (3,067 ) Segment profit $ 8,954 $ 79 $ 9,033 General and administrative expenses $ (1,393 ) Interest and finance costs (6 ) Interest income 1,261 Net income $ 8,895 A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets of June 30, 2024, is as follows: Tanker vessels Dry-bulk vessels Total June 30, 2024 Tanker vessels Dry-bulk vessels Total Cash and cash equivalents & restricted cash $ 3,005 $ 1,769 $ 4,774 Inventories 847 1,264 2,111 Trade accounts receivable 3,742 1,474 5,216 Prepayments and other assets 296 802 1,098 Vessels, net 69,299 74,534 143,833 Due from related parties — — — Prepayments for vessel acquisition — — — Special survey cost, net 1,432 — 1,432 Segment assets $ 78,621 $ 79,843 $ 158,464 Cash and cash equivalents $ 22,787 Short-term investment in time deposits 17,000 Prepayments and other current assets 336 Total assets $ 198,587 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 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	6 Months Ended
	Jun. 30, 2024 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	Sep. 11, 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
Drytwo [Member]
Property, Plant and Equipment [Line Items]
Entity incorporation date of incorporation	Nov. 24, 2023
Vessel	Konkar Asteri
DWT	82,013
Year built	2015
Acquisition date	Feb. 15, 2024
Drythree [Member]
Property, Plant and Equipment [Line Items]
Entity incorporation date of incorporation	May 29, 2024
Vessel	Konkar Venture
DWT	82,099
Year built	2015
Acquisition date	Jun. 28, 2024

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]	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Charterer A [Member]
Product Information [Line Items]
Total	30%	13%
Charterer B [Member]
Product Information [Line Items]
Total	27%	50%
Charterer C [Member]
Product Information [Line Items]
Total	20%
Charterer D [Member]
Product Information [Line Items]
Total		31%
Charterers [Member]
Product Information [Line Items]
Total	77%	94%

Schedule of Reconciliation of C

Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Cash and cash equivalents	$ 25,411	$ 34,539
Restricted cash, current portion
Restricted cash, net of current portion	2,150	1,800
Total cash and cash equivalents and restricted cash	$ 27,561	$ 36,339

Basis of Presentation and Gen_3

Basis of Presentation and General Information (Details Narrative)	6 Months Ended
	Jun. 30, 2024 USD ($) Integer
Working capital surplus	$ 38,200,000
Mr. Valentis [Member]
Percentage of beneficially owned common stock	54.80%
Vessel Ownership [Member]
Number of vessel ownership interest entities \| Integer	4
DRYKON MARITIME Corp. [Member]
Business acquisition equity interest percentage	60%
Consideration in cash	$ 6,780,000
Accuship Maritime Ltd [Member]
Business acquisition equity interest percentage	60%
Consideration in cash	$ 8,700,000
Accuship Maritime Corp [Member]
Contracted gross rate	$ 18,000
Vessel Ownership [Member]
Entity ownership interest	100%
Non-vessels [Member]
Entity ownership interest	100%

Schedule of Amounts Charged by

Schedule of Amounts Charged by Maritime Included in the Accompanying Consolidated Statements of Comprehensive Loss (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Related Party Transaction [Line Items]
Ship-management Fees	$ 498	$ 330
Total	6,116	5,790
Related Party [Member]
Related Party Transaction [Line Items]
Charter hire commissions	323	267
Ship-management Fees	498	330
Administration Fees	961	898
Total	$ 1,782	$ 1,495

Transactions with Related Par_3

Transactions with Related Parties (Details Narrative) $ / shares in Units, $ in Thousands				3 Months Ended	6 Months Ended
	Jun. 28, 2024 USD ($) Integer shares	May 11, 2023 shares	Feb. 10, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Deemed dividend					$ 7,493
Non cash supplemental cash flow information					1,382
Performance bonus				$ 600
Promissory Note [Member]
Related Party Transaction [Line Items]
Interest charged on promissory note						$ 69
Promissory Note [Member]
Related Party Transaction [Line Items]
Repayment amount			$ 3,000
Principal amount			$ 6,000
Maritime Investors Corp [Member]
Related Party Transaction [Line Items]
Due to related parties					957		$ 990
Konkar Agencies [Member]
Related Party Transaction [Line Items]
Due to related parties					$ 18
Due from related parties							$ 194
Ship management services per day per vessel \| $ / shares					$ 0.850
Charter hire agreement commission rate					1.25%
Pyxis Maritime Corporation [Member]
Related Party Transaction [Line Items]
Ship management services per day per vessel \| $ / shares					$ 0.325
Charter hire agreement commission rate					1.25%
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 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 then daily Ship-management Fees.
Ship-management and administration fees percentage increase					Effective January 1, 2024 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 $1,875 annually, respectively.
Pyxis Maritime Corporation [Member] \| While Vessel is Under Construction [Member]
Related Party Transaction [Line Items]
Ship management services per day per vessel \| $ / shares					$ 0.450
Jiangsu New Yangzi Shipbuilding [Member]
Related Party Transaction [Line Items]
Ownership interest percentage	60%
Maritime Investors Corp [Member] \| Equity Incentive Plan [Member]
Related Party Transaction [Line Items]
Shares issued \| shares		4,000
Vessels [Member] \| Jiangsu New Yangzi Shipbuilding [Member]
Related Party Transaction [Line Items]
DWT \| Integer	82,099
Year built	2015
Konkar Venture [Member] \| Jiangsu New Yangzi Shipbuilding [Member]
Related Party Transaction [Line Items]
Purchase price	$ 30,000
Secured bank debt	16,500
Cash	12,000
Consideration of cash	7,300
Dividends	8,875
Deemed dividend	7,493
Non cash supplemental cash flow information	$ 1,382
Konkar Venture [Member] \| Jiangsu New Yangzi Shipbuilding [Member] \| Restricted Stock [Member]
Related Party Transaction [Line Items]
Issuance of restricted shares \| shares	267,857
Dividends	$ 8,875
Deemed dividend	7,493
Non cash supplemental cash flow information	$ 1,382

Schedule of Inventories (Detail

Schedule of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Inventory [Line Items]
Total	$ 2,111	$ 957
Lubricants [Member]
Inventory [Line Items]
Total	516	414
Bunkers [Member]
Inventory [Line Items]
Total	$ 1,595	$ 543

Schedule of Vessels (Details)

Schedule of Vessels (Details) - USD ($) $ in Thousands	6 Months Ended
Schedule of Vessels (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Net book value, balance	$ 101,936
Depreciation	(3,095)	$ (2,634)
Net book value, balance	143,833
Vessel Cost [Member]
Property, Plant and Equipment [Line Items]
Vessel cost, balance	119,303
Vessel acquisition - Konkar Asteri	26,625
Vessel acquisition - Konkar Venture	21,007
Vessel additions	23
Depreciation
Vessel cost, balance	166,958
Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Accumulated depreciation, balance	(20,030)
Vessel acquisition - Konkar Asteri
Vessel acquisition - Konkar Venture
Vessel additions
Depreciation	(3,095)
Accumulated depreciation, balance	(23,125)
Net Book Value [Member]
Property, Plant and Equipment [Line Items]
Net book value, balance	99,273
Vessel acquisition - Konkar Asteri	26,625
Vessel acquisition - Konkar Venture	21,007
Vessel additions	23
Depreciation	(3,095)
Net book value, balance	$ 143,833

Vessels, net (Details Narrative

Vessels, net (Details Narrative) $ in Thousands			6 Months Ended
Vessels, net (Details Narrative) $ in Thousands	Jun. 28, 2024 USD ($) Integer shares	Feb. 15, 2024 USD ($) Integer	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Property, Plant and Equipment [Line Items]
Deemed dividend			$ 7,493
Non cash supplemental cash flow information			$ 1,382
Konkar Asteri [Member]
Property, Plant and Equipment [Line Items]
DWT \| Integer		82,013
Year built		2015
Purchase price		$ 26,625
Secured bank debt		$ 14,500
Interest rate margin			2.35
Konkar Asteri [Member] \| Jiangsu New Yangzi Shipbuilding [Member]
Property, Plant and Equipment [Line Items]
DWT \| Integer		82,013
Year built		2015
Purchase price		$ 26,625
Secured bank debt		$ 14,500
Interest rate margin		2.35
Vessels [Member] \| Jiangsu New Yangzi Shipbuilding [Member]
Property, Plant and Equipment [Line Items]
DWT \| Integer	82,099
Year built	2015
Konkar Venture [Member]
Property, Plant and Equipment [Line Items]
Interest rate margin			2.15
Konkar Venture [Member] \| Jiangsu New Yangzi Shipbuilding [Member]
Property, Plant and Equipment [Line Items]
Purchase price	$ 30,000
Secured bank debt	$ 16,500
Interest rate margin	2.15
Cash	$ 12,000
Consideration in cash	7,300
Dividends	8,875
Deemed dividend	7,493
Non cash supplemental cash flow information	$ 1,382
Konkar Venture [Member] \| Jiangsu New Yangzi Shipbuilding [Member] \| Restricted Stock [Member]
Property, Plant and Equipment [Line Items]
Issuance of restricted shares \| shares	267,857
Dividends	$ 8,875
Deemed dividend	7,493
Non cash supplemental cash flow information	$ 1,382

Schedule of Deferred Charges (D

Schedule of Deferred Charges (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Deferred Dry Dock And Special Survey Costs Net
Balance January 1,	$ 1,622
Additions	4
Amortization of special survey costs	(194)	$ (176)
Balance June 30,	$ 1,432

Schedule of Long-Term Debt (Det

Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total	$ 89,177	$ 61,490
Current portion	7,887	5,777
Less: Current portion of deferred financing costs	(250)	(197)
Current portion of long-term debt, net of deferred financing costs, current	7,637	5,580
Long-term portion	81,290	55,713
Less: Non-current portion of deferred financing costs	(444)	(343)
Long-term debt, net of current portion and deferred financing costs, non-current	80,846	55,370
Pyxis Theta Vessel [Member] \| Seventhone Corp [Member]
Property, Plant and Equipment [Line Items]
Total	10,750	11,350
Pyxis Karteria Vessel [Member] \| Tenthone Corp [Member]
Property, Plant and Equipment [Line Items]
Total	13,400	14,150
Pyxis Lamda Vessel [Member] \| Eleventhone Corp [Member]
Property, Plant and Equipment [Line Items]
Total	16,527	17,390
Konkar Ormi [Member] \| Dryone Corp [Member]
Property, Plant and Equipment [Line Items]
Total	17,800	18,600
Konkar Asteri [Member] \| Drytwo Corp [Member]
Property, Plant and Equipment [Line Items]
Total	14,200
Konkar Venture [Member] \| Drythree Corp [Member]
Property, Plant and Equipment [Line Items]
Total	$ 16,500

Schedule of Long-Term Debt (D_2

Schedule of Long-Term Debt (Details) (Parenthetical)

6 Months Ended

Feb. 15, 2024 USD ($) Integer

Sep. 14, 2023 USD ($)

Mar. 13, 2023 USD ($)

Jul. 08, 2020 USD ($)

Jun. 30, 2024 USD ($)

Jul. 30, 2024

Jul. 29, 2024

Jun. 28, 2024 USD ($)

Jun. 27, 2024

Dec. 31, 2023 USD ($)

Mar. 23, 2023 USD ($)

Dec. 20, 2021 USD ($)

Debt Instrument [Line Items]

Total long-term debt outstanding

$ 89,177,000

Outstanding balance

89,177,000

$ 61,490,000

Konkar Ormi [Member]

Debt Instrument [Line Items]

Long term debt balloon payment

$ 12,600,000

Interest rate margin

2.35

Long term debt balloon payment year

2028-09

Purchase amount

$ 28,500,000

Fund payment

$ 19,000,000

Outstanding loan amount

$ 17,800,000

Installment payment (17 installments)

400,000

Last installment

300,000

Konkar Asteri [Member]

Debt Instrument [Line Items]

Long term debt balloon payment

$ 8,500,000

Interest rate margin

2.35

Long term debt balloon payment year

2029-02

Outstanding loan amount

$ 14,200,000

Vessel capacity | Integer

82,013

Year built

2015

Purchase price

$ 26,625,000

Secured debt

$ 14,500,000

Installment payment (19 installments)

300,000

Konkar Venture [Member]

Debt Instrument [Line Items]

Long term debt balloon payment

$ 10,200,000

Interest rate margin

2.15

Loan amount drew down

$ 16,500,000

Long term debt balloon payment year

2029-06

Outstanding loan amount

$ 16,500,000

Installment payment (20 installments)

315,000

Tenthone [Member]

Debt Instrument [Line Items]

Quarterly installments payable (15 installments)

300,000

Fourthone [Member]

Debt Instrument [Line Items]

Loan amount drew down

$ 7,320,000

Outstanding balance

7,320,000

Eleventhone [Member]

Debt Instrument [Line Items]

Long term debt balloon payment

12,210,000

Loan amount drew down

$ 21,680,000

Outstanding balance

16,527,000

Quarterly installments (10 installments)

$ 431,670

Eleventhone [Member] | Subsequent Event [Member]

Debt Instrument [Line Items]

Interest rate margin

2.40

3.15

Eleventhone [Member] | Pyxis Lamda Vessel [Member]

Debt Instrument [Line Items]

Prepaid amount

$ 750,000

Long term debt balloon payment year

2026-12

Secured Loan - Seventhone Corp. [Member]

Debt Instrument [Line Items]

Secured loan

$ 15,250,000

Total long-term debt outstanding

$ 10,750,000

Quarterly installments payable (5 installments)

300,000

Long term debt balloon payment

$ 9,250,000

Maturity date

July 2025

Interest rate margin

2.40

3.35

Minimum cash deposits

$ 500,000

Debt to market value of adjusted assets maximum ratio

75%

Minimum security collateral cover required

125%

Previous Secured Loan - Seventhone Corp [Member]

Debt Instrument [Line Items]

Secured loan

$ 11,293,000

Secured Loan Tenthone Corp [Member]

Debt Instrument [Line Items]

Total long-term debt outstanding

$ 13,400,000

Long term debt balloon payment

$ 8,900,000

Maturity date

March 2028

Minimum cash deposits

$ 900,000

Debt to market value of adjusted assets maximum ratio

130%

Loan amount drew down

$ 15,500,000

Loan amount

$ 11,500,000

Minimum cash and cash equivalents

$ 2,000,000

Debt to market value of adjusted assets minimum required ratio

Secured Loan Tenthone Corp [Member] | Minimum [Member]

Debt Instrument [Line Items]

Minimum cash deposits

$ 500,000

Secured Loan Tenthone Corp [Member] | Maximum [Member]

Debt Instrument [Line Items]

Debt to market value of adjusted assets maximum ratio

75%

Secured Loan Fourthone Corp [Member]

Debt Instrument [Line Items]

Minimum cash deposits

$ 750,000

Debt to market value of adjusted assets maximum ratio

75%

Minimum security collateral cover required

125%

Reduced minimum cash deposits

$ 500,000

Secured Loan Dryone Corp [Member]

Debt Instrument [Line Items]

Minimum cash deposits

$ 800,000

Debt to market value of adjusted assets maximum ratio

75%

Minimum security collateral cover required

130%

Percentage of valuation amount

65%

Secured Loan Drytwo Corp [Member]

Debt Instrument [Line Items]

Minimum cash deposits

$ 350,000

Debt to market value of adjusted assets maximum ratio

75%

Minimum security collateral cover required

125%

Secured Loan Drythree Corp [Member]

Debt Instrument [Line Items]

Minimum cash deposits

$ 300,000

Debt to market value of adjusted assets maximum ratio

75%

Minimum security collateral cover required

130%

Minimum cash and cash equivalents

$ 2,000,000

Debt to market value of adjusted assets minimum required ratio

Schedule of Principal Payments

Schedule of Principal Payments (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 7,887
2026	7,787
2027	19,133
2028	14,660
2029 and thereafter	39,710
Total	$ 89,177

Long-term Debt (Details Narrati

Long-term Debt (Details Narrative) - USD ($) $ in Thousands	6 Months Ended
Long-term Debt (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Short-Term Debt [Line Items]
Long-term debt, weighted average interest rate, at point in time	8.11%	8.17%
Long Term Debt and Promissory Note [Member]
Short-Term Debt [Line Items]
Interest expense on long-term debt and promissory note	$ 2,935	$ 2,661

Summary of Restricted Stock (De

Summary of Restricted Stock (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, outstanding beginning balance \| shares	20,000
Weighted average grant date price, outstanding beginning balance \| $ / shares	$ 3.68
Number of shares, granted \| shares
Weighted average grant date price, granted \| $ / shares
Number of shares, vested \| shares
Weighted average grant date price, vested \| $ / shares
Number of shares, forfeited or expired \| shares
Weighted average grant date price, forfeited or expired \| $ / shares
Number of shares, outstanding ending balance \| shares	20,000
Weighted average grant date price, outstanding ending balance \| $ / shares	$ 3.68

Equity Capital Structure and _3

Equity Capital Structure and Equity Incentive Plan (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended	6 Months Ended
	Jun. 20, 2024	May 11, 2023	Oct. 31, 2015	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Aug. 23, 2021
Common stock, shares authorized				450,000,000		450,000,000
Preferred stock, shares authorized				50,000,000		50,000,000
Shares redemption, value				$ (2,500)
Common stock shares issued				10,458,767		10,542,547
Common stock shares outstanding				10,458,767		10,542,547
Preferred stock shares conversion price				$ 5.60
Preferred stock, par value				$ 0.001		$ 0.001
Warrants outstanding				1,591,062	1,591,062	1,591,062
Warrant exercise price per shares				$ 5.60	$ 5.60	$ 5.60		$ 8.75
Number of non-tradable warrant to purchase shares of common stock								107,143
Offering price of shares percent								125%
Mr. Valentis [Member]
Non controling ownership percentage				54.80%
Restricted Stock [Member]
Unrecognized cost related to restricted share awards				$ 12
Unrecognized compensation cost, over weighted-average period				6 months
Employee Stock [Member]
Compensation cost in general and administrative expenses		$ 17
Equity Incentive Plan [Member]
Awards granted expiration term			10 years
Description of terms of awards			Under the terms of the EIP, the Company’s Board is able to grant, (a) non-qualified stock options, (b) stock appreciation rights, (c) restricted stock, (d) restricted stock units, (e) unrestricted stock grants, (f) other equity-based or equity-related awards and (g) dividend equivalents. No award may be granted under the EIP after the tenth anniversary of the date the EIP was adopted by our Board.
Common Stock [Member]
Shares redemption, value
Shares redemption	446,429
Shares conversion	1,355,496
Warrants outstanding				3,460
Warrant exercise price per shares				$ 5.60
Second type - Warrant for the purchase of an aggregate common stock warrants				3,460
Preferred shares outstanding				10,458,767	10,794,812	10,542,547	10,614,319
Series A Convertible Preferred Shares [Member]
Preferred stock, shares outstanding				303,631		403,631
Preferred stock, shares issued				303,631		403,631
Series A Convertible Preferred Stock [Member]
Second type - Warrant for the purchase of an aggregate Series A Convertible Preferred Shares				4,683
Number of shares				0
Underwriters Warrants [Member]
Warrants outstanding				3,460
First type - Warrant for the purchase of an aggregate Series A Convertible Preferred Shares				4,683
Second type - Warrant for the purchase of an aggregate common stock warrants				3,460
Series A Convertible Preferred Shares [Member]
Preferred stock, shares authorized				1,000,000		1,000,000
Preferred stock, shares outstanding	303,631			303,631		403,631
Preferred stock, shares issued				303,631		403,631
Preferred stock shares conversion price				$ 5.60	$ 5.60
Warrants outstanding				1,591,062
Warrant exercise price per shares				$ 24.97	$ 24.97
First type - Warrant for the purchase of an aggregate Series A Convertible Preferred Shares				4,683
Number of shares				303,631	403,831
Preferred shares outstanding				303,631
Series A Convertible Preferred Stock [Member] \| Preferred Stock [Member]
Shares redemption, value	$ 2,500
Shares redemption	100,000			(100,000)
Shares redemption, cancelled	100,000
Preferred shares outstanding				303,631	403,831	403,631	449,473
Series A Convertible Preferred Shares and Detachable Warrants [Member]
Preferred stock, shares issued				5,729,730
Warrant exercise price per shares				$ 24.97
Second type - Warrant for the purchase of an aggregate Series A Convertible Preferred Shares				4,683
Cash dividend per share				$ 0.1615
Dividend payable				$ 391
Restricted Common Shares [Member] \| Employee Stock [Member]
Shares issued to employees		55,000

Schedule of Non controlling Int

Schedule of Non controlling Interest (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Balance, January 1, 2024	$ 4,319
Deemed dividend	(8,875)
Net income attributable to non-controlling interest (40%) - six months ended June 30, 2024	53
Balance, June 30, 2024	6,702
Noncontrolling Interest [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Balance, January 1, 2024	4,319
Non-controlling interest contribution in Accuship	5,880
Deemed dividend	(3,550)
Net income attributable to non-controlling interest (40%) - six months ended June 30, 2024	53
Balance, June 30, 2024	$ 6,702

Schedule of Non controlling I_2

Schedule of Non controlling Interest (Details) (Parenthetical)	Jun. 30, 2024	May 09, 2024	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%	40%	40%

Non-controlling Interest (NCI_2

Non-controlling Interest (NCI) (Details Narrative) - USD ($) $ in Thousands			6 Months Ended
	May 09, 2024	Jul. 05, 2023	Jun. 30, 2024	Jun. 30, 2023
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Net income loss			$ 8,842	$ 11,870
Noncontrolling Interest [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Net income loss			53
Joint Ventures [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Net income loss			$ 132
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
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%	40%	40%
Accuship Maritime Ltd [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership percentage, parent	60%
Consideration in cash	$ 7,320
Accuship Maritime Ltd [Member] \| Restricted Stock [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Issuance of shares	267,857
Accuship Maritime Ltd [Member] \| Chief Executive Officer [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Consideration in cash	$ 5,880

Schedule of Income Per Common S

Schedule of Income Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net income attributable to Pyxis Tankers Inc.	$ 8,842	$ 11,870
Dividend Series A Convertible Preferred Stock	(383)	(418)
Net income attributable to common shareholders	$ 8,459	$ 11,452
Weighted average number of common shares, basic	10,479,962	10,754,405
Net income per common share, basic	$ 0.81	$ 1.06
Net income attributable to common shareholders, diluted	$ 8,842	$ 11,870
Weighted average number of common shares, diluted	12,124,208	12,577,390
Net income per common share, diluted	$ 0.73	$ 0.94

Income per Common Share_ (Detai

Income per Common Share: (Details Narrative) - $ / shares	6 Months Ended
Income per Common Share: (Details Narrative) - $ / shares	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Aug. 23, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Warrant outstanding	1,591,062	1,591,062	1,591,062
Warrants exercise price	$ 5.60	$ 5.60	$ 5.60	$ 8.75
Preferred stock shares conversion price	$ 5.60
Restricted Stock Units (RSUs) [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Number of unvested warrant to purchase shares of common stock	20,000	55,000
Restricted Stock Units (RSUs) [Member] \| Maximum [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Number of unvested warrant to purchase shares of common stock	267,857
Common Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Warrant outstanding	3,460
Warrants exercise price	$ 5.60
Warrants issued to purchase of securities	3,460	4,000
Warrant exercise price increase	$ 5.60	$ 5.60
Series A Convertible Preferred Shares [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Warrant outstanding	1,591,062
Warrants exercise price	$ 24.97	$ 24.97
Warrants issued to purchase of securities	4,683	4,683
Converted Preferred shares	303,631	403,831
Preferred stock shares conversion price	$ 5.60	$ 5.60
Underwriters Warrants [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Warrants issued to purchase of securities	3,460	4,000
Over-Allotment Option [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Warrant outstanding	4,683	4,683

Schedule of Fair Value of Asset

Schedule of Fair Value of Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Trade accounts receivable	$ 5,216	$ 4,964
Trade accounts payable	1,936	$ 1,695
Carrying Value [Member]
Cash and cash equivalents (including restricted cash)	27,561
Short-term investment in time deposits	17,000
Trade accounts receivable	5,216
Trade accounts payable	1,936
Long-term debt with variable interest rates, net	89,177
Carrying Value [Member] \| Related Party [Member]
Due from related parties
Due to related parties	975
Fair Value [Member]
Cash and cash equivalents (including restricted cash)	27,561
Short-term investment in time deposits	17,000
Trade accounts receivable	5,216
Trade accounts payable	1,936
Long-term debt with variable interest rates, net	89,177
Fair Value [Member] \| Related Party [Member]
Due from related parties
Due to related parties	$ 975

Schedule of Financial Derivativ

Schedule of Financial Derivative Instrument Location (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Risk Management And Fair Value Measurements
Financial derivative instrument – Other non-current assets

Schedule of Gains Losses on Der

Schedule of Gains Losses on Derivative Instruments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Risk Management And Fair Value Measurements
Financial derivative instrument – Fair value at the beginning of the period		$ 619
Financial derivative instrument – Amounts received		(560)
Financial derivative instrument – Fair value as at period end
Loss from financial derivative instrument		$ (59)

Risk Management and Fair Valu_3

Risk Management and Fair Value Measurements (Details Narrative) - USD ($)				6 Months Ended
	Jan. 25, 2023	Jul. 16, 2021	Jan. 19, 2018	Jun. 30, 2024	Jun. 30, 2023
Cash gain on derivatives	$ 600,000
Impairment loss				$ 0	$ 0
Vessel Owing Company [Member]
Derivative, maturity date		Jul. 08, 2025	Jul. 16, 2021
Derivative, notional amount		$ 9,600,000
Derivative, cap interest rate		2%
Cash gain on derivatives	$ 600,000

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) $ in Thousands	Jun. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Long-term time charter contracts	$ 5,145

Schedule of Interest and Financ

Schedule of Interest and Finance Costs (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Interest And Finance Costs
Interest on long-term debt (Note 7)	$ 2,935	$ 2,592
Interest on Promissory Note (Note 3)		69
Amortization of financing costs	114	126
Financing fees and charges	24	21
Total	$ 3,073	$ 2,808

Schedule of Revenue Disaggregat

Schedule of Revenue Disaggregated by Revenue Source (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenues, net	$ 25,715	$ 21,121
Revenues Derived From Spot Charters [Member]
Disaggregation of Revenue [Line Items]
Revenues, net	8,740	3,962
Revenues Derived From Time Charters [Member]
Disaggregation of Revenue [Line Items]
Revenues, net	$ 16,975	$ 17,159

Schedule of Accounts Receivable

Schedule of Accounts Receivable Disaggregated Revenue (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Accounts receivable trade from spot charters	$ 3,827	$ 4,790
Accounts receivable trade from time charters	1,475	260
Less: Bad debt provisions	(26)	(26)
Total	5,216	4,964
Revenues Derived From Spot Charters [Member]
Disaggregation of Revenue [Line Items]
Less: Allowance for credit losses	$ (60)	$ (60)

Schedule of Segment Information

Schedule of Segment Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Revenues, net	$ 25,715	$ 21,121
Voyage related costs and commissions	(3,315)	(3,273)
Vessel operating expenses	(6,116)	(5,790)
General and administrative expenses	(1,546)	(2,002)
Interest and finance costs	(3,073)	(2,808)
Net income attributable to Pyxis Tankers Inc.	8,842	11,870
Net income	8,895	11,870
Cash and cash equivalents & restricted cash	27,561		$ 36,339
Inventories	2,111		957
Trade accounts receivable	5,216		4,964
Short-term investment in time deposits	17,000		20,000
Prepayments and other current assets	1,359		226
Total assets	198,587		166,313
Related Party [Member]
Segment Reporting Information [Line Items]
Vessel operating expenses	(1,782)	$ (1,495)
Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Revenues, net	25,715
Voyage related costs and commissions	(3,315)
Vessel operating expenses	(6,116)
General and administrative expenses	(153)
Management fees	(742)
Depreciation and amortization of special survey costs	(3,289)
Interest and finance costs	(3,067)
Net income attributable to Pyxis Tankers Inc.	9,033
General and administrative expenses	(1,393)
Interest and finance costs	(6)
Interest income	1,261
Net income	8,895
Cash and cash equivalents & restricted cash	4,774		5,278
Inventories	2,111		957
Trade accounts receivable	5,216		4,964
Prepayments and other assets	1,098		202
Vessels, net	143,833		99,273
Prepayments for vessel acquisition			2,663
Special survey cost, net	1,432		1,622
Segment assets	158,464		115,153
Cash and cash equivalents	22,787		31,061
Short-term investment in time deposits	17,000		20,000
Prepayments and other current assets	336		99
Total assets	198,587		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	19,824
Voyage related costs and commissions	(2,492)
Vessel operating expenses	(3,936)
General and administrative expenses	(28)
Management fees	(452)
Depreciation and amortization of special survey costs	(2,099)
Interest and finance costs	(1,863)
Net income attributable to Pyxis Tankers Inc.	8,954
Cash and cash equivalents & restricted cash	3,005		4,237
Inventories	847		904
Trade accounts receivable	3,742		4,704
Prepayments and other assets	296		180
Vessels, net	69,299		71,179
Prepayments for vessel acquisition
Special survey cost, net	1,432		1,622
Segment assets	78,621		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	5,891
Voyage related costs and commissions	(823)
Vessel operating expenses	(2,180)
General and administrative expenses	(125)
Management fees	(290)
Depreciation and amortization of special survey costs	(1,190)
Interest and finance costs	(1,204)
Net income attributable to Pyxis Tankers Inc.	79
Cash and cash equivalents & restricted cash	1,769		1,041
Inventories	1,264		53
Trade accounts receivable	1,474		260
Prepayments and other assets	802		24
Vessels, net	74,534		28,094
Prepayments for vessel acquisition			2,663
Special survey cost, net
Segment assets	79,843		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 ($) $ / shares in Units, $ in Thousands		1 Months Ended			6 Months Ended
	Jul. 29, 2024	Aug. 31, 2024	Aug. 08, 2024	Jul. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Jul. 30, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Convertible preferred stock dividends paid					$ 391	$ 405
Outstanding debt					$ 89,177			$ 61,490
Series A Preferred Stock [Member] \| Forecast [Member]
Subsequent Event [Line Items]
Dividend declared		$ 0.1615
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of shares repurchased			25,537
Average price			$ 4.94
Payments for commissions			$ 126,000,000
Subsequent Event [Member] \| Minimum [Member]
Subsequent Event [Line Items]
Derivative, cap interest rate							2.40%
Subsequent Event [Member] \| Maximum [Member]
Subsequent Event [Line Items]
Derivative, cap interest rate							3.35%
Subsequent Event [Member] \| Seventhone Corp [Member]
Subsequent Event [Line Items]
Outstanding debt							$ 10,750
Subsequent Event [Member] \| Eleventhone Corp [Member]
Subsequent Event [Line Items]
Outstanding debt							$ 16,500
Subsequent Event [Member] \| Eleventhone Corp [Member] \| Minimum [Member]
Subsequent Event [Line Items]
Derivative, cap interest rate							2.40%
Subsequent Event [Member] \| Eleventhone Corp [Member] \| Maximum [Member]
Subsequent Event [Line Items]
Derivative, cap interest rate							3.15%
Subsequent Event [Member] \| Series A Preferred Stock [Member]
Subsequent Event [Line Items]
Dividend declared				$ 0.1615
Convertible preferred stock dividends paid	$ 49			$ 49
Subsequent Event [Member] \| Series A Preferred Stock [Member] \| S2024Q2 Dividends [Member]
Subsequent Event [Line Items]
Dividend payable date	Aug. 20, 2024
Dividend record of date	Aug. 13, 2024

Summary of Restricted Stock (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, outstanding beginning balance \| shares	20,000
Weighted average grant date price, outstanding beginning balance \| $ / shares	$ 3.68
Number of shares, granted \| shares
Weighted average grant date price, granted \| $ / shares
Number of shares, vested \| shares
Weighted average grant date price, vested \| $ / shares
Number of shares, forfeited or expired \| shares
Weighted average grant date price, forfeited or expired \| $ / shares
Number of shares, outstanding ending balance \| shares	20,000
Weighted average grant date price, outstanding ending balance \| $ / shares	$ 3.68