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Castor Maritime (CTRM) - 2023 Q3 - Quarterly Report
2023-08-07 16:00
Exhibit 99.1 INDEX TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) | Page | | | --- | --- | | Unaudited Condensed Consolidated Balance Sheets as of December 31, 2022, and June 30, 2023 | F-2 | | Unaudited Interim Condensed Consolidated Statements of Comprehensive Income for the six months ended June 30, 2022, | | | and 2023 | F-3 | | Unaudited Condensed Consolidated Statements of Shareholders' Equity for the six months ended June 30, 2022, and 2023 | F-4 | | Unaudited Interim Condensed Co ...
Castor Maritime (CTRM) - 2023 Q2 - Quarterly Report
2023-05-22 16:00
[Consolidated Financial Statements (Unaudited)](index=1&type=section&id=Consolidated%20Financial%20Statements%20(Unaudited)) This section presents the company's unaudited interim consolidated financial statements, detailing financial position, performance, equity, and cash flows [Unaudited Interim Consolidated Balance Sheets](index=2&type=section&id=Unaudited%20Interim%20Consolidated%20Balance%20Sheets) This section presents the company's financial position, detailing assets, liabilities, and equity, with reclassification of discontinued operations Key Balance Sheet Data | Metric | December 31, 2022 ($) | March 31, 2023 ($) | | :--- | :--- | :--- | | Total Assets | 632,920,948 | 573,322,004 | | Total Liabilities | 171,425,888 | 138,917,082 | | Total Shareholders' Equity | 461,495,060 | 434,404,922 | | Current assets of discontinued operations | 54,763,308 | 0 | | Non-current assets of discontinued operations | 102,715,796 | 0 | | Investment in related parties | 0 | 117,319,357 | [Unaudited Interim Condensed Consolidated Statements of Comprehensive Income](index=3&type=section&id=Unaudited%20Interim%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) This section shows the company's financial performance, with a significant decline in operating revenue and a shift from net income to net loss Key Comprehensive Income Data | Metric | Three Months Ended March 31, 2022 ($) | Three Months Ended March 31, 2023 ($) | | :--- | :--- | :--- | | Time charter revenues | 37,810,865 | 24,468,970 | | Operating income | 19,969,490 | 3,145,575 | | Net income/(loss) from continuing operations (after tax) | 18,456,712 | (6,510,038) | | Net income from discontinued operations (after tax) | 1,519,576 | 17,339,332 | | Total net income | 19,976,288 | 10,829,294 | | Earnings per share (total) | 0.21 | 0.11 | [Unaudited Interim Consolidated Statements of Shareholders' Equity](index=4&type=section&id=Unaudited%20Interim%20Consolidated%20Statements%20of%20Shareholders'%20Equity) This section details changes in shareholders' equity, highlighting the impact of net income and the distribution of Toro Corp. net assets to shareholders Changes in Shareholders' Equity | Metric | December 31, 2021 ($) | March 31, 2022 ($) | December 31, 2022 ($) | March 31, 2023 ($) | | :--- | :--- | :--- | :--- | :--- | | Total shareholders' equity | 342,934,370 | 362,910,658 | 461,495,060 | 434,404,922 | | Net income and comprehensive income | 0 | 19,976,288 | 0 | 10,829,294 | | Distribution of Toro Corp. net assets to shareholders | 0 | 0 | 0 | (37,919,432) | [Unaudited Interim Consolidated Statements of Cash Flows](index=5&type=section&id=Unaudited%20Interim%20Consolidated%20Statements%20of%20Cash%20Flows) This section outlines cash flows from operating, investing, and financing activities, showing a significant shift in operating cash flow from continuing operations Key Cash Flow Data | Metric | Three Months Ended March 31, 2022 ($) | Three Months Ended March 31, 2023 ($) | | :--- | :--- | :--- | | Net cash from operating activities of continuing operations | 17,098,800 | (22,942) | | Net cash from investing activities of continuing operations | (22,400,364) | (31,374,129) | | Net cash from operating activities of discontinued operations | (4,035,029) | 20,409,041 | | Net cash from discontinued operations | (4,947,412) | (42,479,594) | | Net increase/(decrease) in cash, cash equivalents, and restricted cash | 40,575,149 | (79,775,840) | [Notes to Unaudited Interim Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Unaudited%20Interim%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed notes to the financial statements, covering accounting policies, discontinued operations, related party transactions, and other financial disclosures [Basis of Presentation and General Information](index=7&type=section&id=Basis%20of%20Presentation%20and%20General%20Information) This section describes the company's registration, listing, and control structure, detailing the 2023 spin-off of the tanker business to Toro Corp - Company spun off its Aframax/LR2 and Handysize tanker businesses to Toro Corp. on March 7, 2023, distributing Toro common shares to shareholders at a **1:10 ratio**[13](index=13&type=chunk) - As of March 31, 2023, the company operates a diversified fleet of **22 vessels**, including 1 Capesize, 7 Kamsarmax, 12 Panamax dry bulk vessels, and 2 2,700 TEU container vessels[15](index=15&type=chunk) - Since July 1, 2022, Castor Ships S.A., a related party, manages the company's overall business, with Pavimar S.A. co-managing technical aspects of dry bulk vessels[14](index=14&type=chunk)[31](index=31&type=chunk) [Significant Accounting Policies and Recent Accounting Pronouncements](index=11&type=section&id=Significant%20Accounting%20Policies%20and%20Recent%20Accounting%20Pronouncements) This section details accounting policies for equity investments without determinable fair value and clarifies discontinued operations classification - For equity securities without determinable fair value, the company measures them at cost less impairment, if any[20](index=20&type=chunk) - Discontinued operations are defined as components of an entity disposed of or classified as held for sale, representing a strategic shift with a significant impact on operations and financial results[38](index=38&type=chunk) - The adoption of recent accounting pronouncements is not expected to have a material impact on the company's unaudited interim consolidated financial statements[64](index=64&type=chunk) [Discontinued Operations](index=11&type=section&id=Discontinued%20Operations) This section provides detailed financial information for discontinued operations, which achieved significant net income growth in Q1 2023 - Discontinued operations include Toro, Elektra, and the Aframax/LR2 and Handysize tanker businesses, with the spin-off completed on March 7, 2023[21](index=21&type=chunk) Net Income from Discontinued Operations (After Tax) | Period | Amount ($) | | :--- | :--- | | Three Months Ended March 31, 2022 | 1,519,576 | | January 1 to March 7, 2023 | 17,339,332 | Total Vessel Revenues from Discontinued Operations | Period | Amount ($) | | :--- | :--- | | Three Months Ended March 31, 2022 | 16,830,448 | | January 1 to March 7, 2023 | 23,369,274 | [Transactions with Related Parties](index=13&type=section&id=Transactions%20with%20Related%20Parties) This section details various transactions with related parties, including management fees, chartering commissions, administrative fees, and investment in Toro Corp Related Party Management Fees | Type | Q1 2022 ($) | Q1 2023 ($) | | :--- | :--- | :--- | | Castor Ships management fees | 1,080,000 | 1,188,000 | | Pavimar management fees | 450,000 | 643,500 | | Castor Ships administrative fees | 300,000 | 750,000 | - Non-current investment in Toro Corp. was **$117,319,357** as of March 31, 2023[45](index=45&type=chunk) - Toro reimbursed Castor **$2,570,503** for spin-off related expenses[58](index=58&type=chunk) - Castor Ships charges a fixed quarterly management fee of **$750,000**, a **1.25%** commission on gross revenues, and daily management fees per vessel type; Pavimar charges **$600** per dry bulk vessel per day[48](index=48&type=chunk) - Dividend income from related parties (Toro Series A Preferred Stock) was **$97,222** as of March 31, 2023[79](index=79&type=chunk) [Deferred Charges, net](index=18&type=section&id=Deferred%20Charges,%20net) This section summarizes deferred dry-docking costs, including additions, amortization, and transfers to assets held for sale Net Deferred Dry-docking Costs | Metric | December 31, 2022 ($) | March 31, 2023 ($) | | :--- | :--- | :--- | | Balance | 5,357,816 | 3,671,123 | | Additions | 0 | 37,457 | | Amortization | 0 | (562,058) | | Transferred to assets held for sale | 0 | (1,162,092) | [Fair Value of Acquired Time Charters](index=19&type=section&id=Fair%20Value%20of%20Acquired%20Time%20Charters) This section discusses the recognition and amortization of favorable time charter intangible assets related to vessel acquisitions, specifically M/V Ariana A and M/V Gabriela A - Amortization of acquired time charters was **$1,026,959** for the three months ended March 31, 2023[60](index=60&type=chunk) - The unamortized portion of M/V Gabriela A intangible assets was **$1,480,547** as of March 31, 2023, with **$1,215,374** expected to be amortized in 2023 and **$265,173** in 2024[60](index=60&type=chunk) - The company recognized intangible assets of **$897,436** and **$2,019,608** for favorable time charters acquired with M/V Ariana A and M/V Gabriela A, respectively[82](index=82&type=chunk) [Vessels, net / Assets held for sale](index=19&type=section&id=Vessels,%20net%20/%20Assets%20held%20for%20sale) This section details the book value of vessels, including those pledged as collateral and classified as held for sale, with expected gains from sales - As of March 31, 2023, **18 out of 22 vessels** in the company's fleet had a book value of **$272.4 million** and were pledged as collateral for loans[61](index=61&type=chunk) Net Vessels | Metric | December 31, 2022 ($) | March 31, 2023 ($) | | :--- | :--- | :--- | | Net Vessels | 343,408,466 | 321,094,715 | - M/V Magic Rainbow and M/V Magic Moon were classified as assets held for sale with a book value of **$18,369,707** as of March 31, 2023[25](index=25&type=chunk)[106](index=106&type=chunk) - Expected gains from the sale of M/V Magic Rainbow are approximately **$3.8 million**, and from M/V Magic Moon, approximately **$4.6 million**[106](index=106&type=chunk) [Long-Term Debt](index=20&type=section&id=Long-Term%20Debt) This section provides an overview of the company's long-term debt financing, including outstanding balances, changes due to spin-off, and covenant compliance Net Long-Term Debt (net of deferred financing costs) | Period | Amount ($) | | :--- | :--- | | December 31, 2022 | 138,771,762 | | March 31, 2023 | 130,513,413 | - Debt related to assets held for sale was **$9,904,156** as of March 31, 2023[85](index=85&type=chunk) - As part of the spin-off, **$12,413,056** of the outstanding principal (net of deferred financing costs) from an **$18 million** term loan facility was transferred to Toro[89](index=89&type=chunk) - As of March 31, 2023, the company was in compliance with all financial covenants under its debt agreements[93](index=93&type=chunk) - LIBOR for an **$11 million** term loan facility was replaced with SOFR, increasing the margin by **0.045%**[86](index=86&type=chunk) Weighted Average Interest Rate on Long-Term Debt | Period | Rate | | :--- | :--- | | Three Months Ended March 31, 2022 | 3.6% | | Three Months Ended March 31, 2023 | 8.1% | Annual Principal Repayment Schedule for Outstanding Debt (as of March 31, 2023) | Period | Amount ($) | | :--- | :--- | | Twelve Months Ended March 31, 2024 | 34,735,000 | | 2025 | 30,193,400 | | 2026 | 14,820,400 | | 2027 | 47,175,200 | | 2028 | 5,100,000 | [Investment in Equity Securities](index=23&type=section&id=Investment%20in%20Equity%20Securities) This section summarizes changes in listed equity securities, including acquisitions, sales, unrealized losses, and dividend income received Summary of Changes in Listed Equity Securities | Metric | December 31, 2022 ($) | March 31, 2023 ($) | | :--- | :--- | :--- | | Balance | 0 | 23,790,130 | | Equity securities acquired | 0 | 31,742,081 | | Proceeds from sale of equity securities | 0 | (258,999) | | Gain on sale of equity securities | 0 | 2,636 | | Unrealized loss on equity securities | 0 | (7,695,588) | - For the three months ended March 31, 2023, the company received **$313,716** in dividend income from investments in listed equity securities[131](index=131&type=chunk) [Equity Capital Structure](index=23&type=section&id=Equity%20Capital%20Structure) This section provides details on the company's authorized share capital, common and preferred shares, noting no changes in outstanding stock or warrants - The company's authorized share capital is **2,000,000,000 shares** (par value **$0.001** per share), comprising **1,950,000,000 common shares** and **50,000,000 preferred shares**[96](index=96&type=chunk) - There were no changes in the company's outstanding stock or warrants for the three months ended March 31, 2023[96](index=96&type=chunk) [Financial Instruments and Fair Value Disclosures](index=23&type=section&id=Financial%20Instruments%20and%20Fair%20Value%20Disclosures) This section describes methods and assumptions for estimating fair value of financial instruments, classifying them into fair value hierarchy levels - The carrying values of cash and cash equivalents, restricted cash (current), accounts receivable, amounts due from/to related parties, and accounts payable are considered reasonable estimates of their fair values and are classified as Level 1[132](index=132&type=chunk) - Long-term debt, due to its floating interest rates, has a carrying value considered a reasonable estimate of fair value and is classified as Level 2[115](index=115&type=chunk) - Investment in related parties (Toro Series A Preferred Stock) is recognized at a fair value of **$117,222,135**, valued using Level 2 inputs[78](index=78&type=chunk)[116](index=116&type=chunk) [Commitments and Contingencies](index=25&type=section&id=Commitments%20and%20Contingencies) This section states management found no material claims or environmental liabilities, and lists future minimum contractual lease payments for irrevocable time charters - Management has not identified any material claims, litigation, or environmental liabilities requiring disclosure or provision[100](index=100&type=chunk)[117](index=117&type=chunk) Future Minimum Contractual Lease Payments for Irrevocable Time Charters (as of March 31, 2023) | Period | Amount ($) | | :--- | :--- | | Twelve Months Ended March 31, 2024 | 62,211,180 | | 2025 | 607,778 | | Total | 62,818,958 | [Earnings/(Loss) Per Common Share](index=26&type=section&id=Earnings/(Loss)%20Per%20Common%20Share) This section explains the calculation of basic and diluted EPS, noting they are equal due to the anti-dilutive effect of outstanding warrants - Basic and diluted earnings per share are equal due to the anti-dilutive effect of outstanding warrants[138](index=138&type=chunk) Earnings/(Loss) Per Common Share | Metric | Three Months Ended March 31, 2022 ($) | Three Months Ended March 31, 2023 ($) | | :--- | :--- | :--- | | Continuing operations | 0.20 | (0.07) | | Discontinued operations | 0.02 | 0.18 | | Total | 0.21 | 0.11 | - The basic and diluted weighted average number of common shares outstanding was **94,610,088** for the reporting periods[139](index=139&type=chunk) [Total Vessel Revenues](index=27&type=section&id=Total%20Vessel%20Revenues) This section reports that all revenues for the period were derived from time charter contracts, typically with fixed or index-linked rates - All company revenues for the three months ended March 31, 2022, and 2023, were derived from time charter contracts[122](index=122&type=chunk) Time Charter Revenues | Period | Amount ($) | | :--- | :--- | | Three Months Ended March 31, 2022 | 37,810,865 | | Three Months Ended March 31, 2023 | 24,468,970 | [Vessel Operating Expenses and Voyage Expenses](index=27&type=section&id=Vessel%20Operating%20Expenses%20and%20Voyage%20Expenses) This section details vessel operating and voyage expenses, showing an increase in total operating and voyage costs for the periods presented Vessel Operating Expenses and Voyage Expenses | Metric | Three Months Ended March 31, 2022 ($) | Three Months Ended March 31, 2023 ($) | | :--- | :--- | :--- | | Total vessel operating expenses | 10,127,405 | 11,267,683 | | Total voyage expenses | 989,454 | 1,277,085 | | Crew wages and related expenses | 4,952,614 | 5,937,987 | | Fuel consumption | 969,323 | 402,131 | | Fuel (gain)/loss | (1,135,979) | 66,403 | [General and Administrative Expenses](index=28&type=section&id=General%20and%20Administrative%20Expenses) This section analyzes general and administrative expenses, noting the increase was primarily driven by higher administrative fees paid to related parties General and Administrative Expenses | Metric | Three Months Ended March 31, 2022 ($) | Three Months Ended March 31, 2023 ($) | | :--- | :--- | :--- | | Total | 921,707 | 1,134,664 | | Administrative fees to related parties | 300,000 | 750,000 | [Interest and Finance Costs](index=28&type=section&id=Interest%20and%20Finance%20Costs) This section details the composition of interest and finance costs, showing a significant increase primarily due to higher interest on long-term debt Interest and Finance Costs | Metric | Three Months Ended March 31, 2022 ($) | Three Months Ended March 31, 2023 ($) | | :--- | :--- | :--- | | Interest on long-term debt | 1,200,985 | 2,719,402 | | Amortization of deferred financing costs | 185,994 | 186,151 | | Other finance costs | 62,634 | 182,526 | | Total interest and finance costs | 1,449,613 | 3,088,079 | [Segment Information](index=28&type=section&id=Segment%20Information) This section reports the company's operations in dry bulk and container vessel segments since Q4 2022, providing segment-specific financial data - The company has operated in two reportable segments, dry bulk and container vessels, since the fourth quarter of 2022[143](index=143&type=chunk) Segment Operating Income | Segment | Three Months Ended March 31, 2022 ($) | Three Months Ended March 31, 2023 ($) | | :--- | :--- | :--- | | Dry bulk segment | 20,891,197 | 3,995,153 | | Container vessel segment | 0 | 285,086 | Total Assets from Continuing Operations | Period | Amount ($) | | :--- | :--- | | December 31, 2022 | 475,441,844 | | March 31, 2023 | 573,322,004 | Total Assets from Discontinued Operations | Period | Amount ($) | | :--- | :--- | | December 31, 2022 | 157,479,104 | | March 31, 2023 | 0 | [Subsequent Events](index=30&type=section&id=Subsequent%20Events) This section discloses the Nasdaq notification regarding non-compliance with the minimum $1.00 bid price requirement and the company's plan to regain compliance - The company received a Nasdaq Stock Market notification on April 20, 2023, for non-compliance with the minimum **$1.00** bid price per share requirement[150](index=150&type=chunk) - The company has **180 calendar days** (until October 17, 2023) to regain compliance[150](index=150&type=chunk) - The company's business operations are not affected by this notification[149](index=149&type=chunk)
Castor Maritime (CTRM) - 2023 Q1 - Quarterly Report
2023-03-07 16:00
Financial Performance - Net income for the year ended December 31, 2022, reached $118.6 million, a significant increase from $52.3 million in 2021, representing a 126.5% growth[3][14][32] - Total vessel revenues for the year ended December 31, 2022, were $262.1 million, compared to $132.0 million in 2021, marking a 98.6% increase[3][14] - EBITDA for the year ended December 31, 2022, was $152.8 million, compared to $69.9 million in 2021, indicating a 118.0% increase[3][14] - Net income for the year ended December 31, 2022, was $118.6 million, a 126.8% increase from $52.3 million in 2021[47] - Basic earnings per common share for the year ended December 31, 2022, was $1.25, compared to $0.48 for the year ended December 31, 2021[33] - Operating cash flow more than doubled in 2022 to $123.8 million compared to 2021[48] - Net cash provided by operating activities for the year 2022 was $123.75 million, compared to $60.78 million in 2021, an increase of 103.5%[66] Cash and Assets - Cash and restricted cash increased to $152.3 million as of December 31, 2022, up from $43.4 million a year earlier, reflecting a growth of 250.0%[3][8] - Total current assets rose to $166.24 million in 2022 from $55.00 million in 2021, marking a 202.2% increase[64] - Total assets increased to $632.92 million as of December 31, 2022, up from $462.91 million in 2021, representing a 36.7% growth[64] - Cash and cash equivalents at the end of 2022 were $152.31 million, significantly up from $43.39 million at the end of 2021, a 250.0% increase[66] Debt and Liabilities - Total debt as of December 31, 2022, was $153.7 million, up from $103.8 million as of December 31, 2021[53] - Total liabilities increased to $171.43 million in 2022, compared to $119.98 million in 2021, a rise of 43.0%[64] Operational Metrics - Average daily TCE rate for the three months ended December 31, 2022, was $25,559, compared to $22,299 in the same period of 2021, reflecting a 10.1% increase[22] - The fleet operated an average of 28.8 vessels during the three months ended December 31, 2022, compared to 26.8 vessels in the same period of 2021[22] - Total vessel revenues increased to $69.3 million for the three months ended December 31, 2022, compared to $60.0 million for the same period in 2021, representing a 15.5% increase[33] - EBITDA for the three months ended December 31, 2022, was $42.9 million, up from $36.1 million in the same period of 2021[33] Spin-Off and Corporate Actions - The company completed the spin-off of its Aframax/LR2 and Handysize tanker segments on March 7, 2023, distributing shares of Toro Corp. to shareholders[4][9][32] - The spin-off of the Aframax/LR2 and Handysize tanker segments to Toro Corp. was completed on March 7, 2023[46] Expenses - Management fees increased to $2.5 million for the three months ended December 31, 2022, from $2.2 million in the same period of 2021, a rise of 13.6%[7] - Vessel operating expenses rose by $1.3 million to $16.1 million for the three months ended December 31, 2022, compared to $14.8 million in the same period of 2021[6] - General and administrative expenses increased to $2.6 million for the three months ended December 31, 2022, from $1.2 million in the same period of 2021[36] Strategic Considerations - The company emphasizes that forward-looking statements are based on various assumptions, which may be subject to significant uncertainties and contingencies[70] - The company highlights the importance of its business strategy and shipping market conditions as key factors influencing future performance[70] - The company notes the rapid growth of its fleet as a critical element in its operational strategy[70] - The ability to enter into time or voyage charters with existing and new customers is essential for the company's revenue generation[70] - The company acknowledges potential risks related to compliance with debt covenants and refinancing on favorable terms[70] - The impact of adverse weather and natural disasters is recognized as a significant risk factor[70] - The company mentions the effects of the Spin-Off as a consideration in its future planning[70] - The company is aware of the volatility in its share price and potential conflicts of interest involving board members and senior management[70] - The company refers to the importance of maintaining compliance with applicable listing standards[70] - The company indicates that it will not update forward-looking statements based on developments occurring after the date of the communication[70]
Castor Maritime (CTRM) - 2022 Q4 - Annual Report
2023-03-07 16:00
If "Other" has been checked in response to the previous question, indicate by check mark which financial statement item the Registrant has elected to follow. ☐ Item 17 ☐ Yes ☒ No ☐ Yes ☐ No i | --- | --- | --- | |-------------|----------------------------------------------------------------------------------------------------|-------| | PART I | | 1 | | ITEM 1. | IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS | 1 | | ITEM 2. | OFFER STATISTICS AND EXPECTED TIMETABLE | 1 | | ITEM 3. | KEY INFORMATION ...
Castor Maritime (CTRM) - 2022 Q3 - Quarterly Report
2022-11-22 16:00
Exhibit 99.1 Page INDEX TO CONSOLIDATED FINANCIAL STATEMENTS | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------|-------| | Unaudited Interim Consolidated Balance Sheets as of December 31, 2021, and September 30, 2022 | F-2 | | | | | Unaudited Interim Condensed Consolidated Statements of Comprehensive Income for the nine months ended September 30, | | | 2021, and 2022 | F-3 | | | | | Unaudited Inte ...
Castor Maritime (CTRM) - 2022 Q2 - Quarterly Report
2022-08-08 16:00
Exhibit 99.1 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | Page | | Unaudited Interim Consolidated Balance Sheets as of December 31, 2021, and June 30, 2022 | F-2 | | Unaudited Interim Condensed Consolidated Statements of Comprehensive Income for the six months ended June 30, 2021, and 2022 | F-3 | | Unaudited Interim Consolid ...
Castor Maritime (CTRM) - 2021 Q4 - Annual Report
2022-03-30 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...
Castor Maritime (CTRM) - 2020 Q4 - Annual Report
2021-03-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...
Castor Maritime (CTRM) - 2019 Q4 - Annual Report
2020-03-31 13:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...
Castor Maritime (CTRM) - 2018 Q4 - Annual Report
2019-12-16 14:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from October 1, 2018 to December 31, 2018 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHA ...