Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 285

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 285
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. The Company analyzes

terms of each contract

to assess whether income

from ballast bonus
is

accounted

together

with

the

lease

component

over

the

duration

of

the

charter

or

as

service
component under

ASC 606.

Deferred revenue

includes cash

received prior

to the balance

sheet date
for which all criteria to recognize as revenue have not been

met.
r)
Repairs and

Maintenance:
All repair

and maintenance

expenses including underwater

inspection
expenses are expensed in the year incurred. Such costs are included in

vessel operating expenses
in the accompanying consolidated statements of income.
s)
Earnings / (loss) per Common Share:
Basic earnings / (loss) per common share are

computed by
dividing net

income /

(loss) available

to common

stockholders by

the weighted

average number

of
common shares outstanding during the year. Shares issuable at little or no cash consideration upon
satisfaction of

certain conditions,

are considered

outstanding and

included in

the computation

of basic
earnings/(loss) per

share as

of the

date that

all necessary

conditions have

been satisfied.

Diluted
earnings

per

common

share,

reflects

the

potential

dilution

that

could

occur

if

securities

or

other
contracts to issue common stock were exercised.
t)
Segmental Reporting:
The Company reports financial

information and evaluates its

operations and
operating

results

by

revenue

and

operating

expenses.

As

a

result,

the

Company’s

management,
including its

Chief Executive

Officer,

who is

the chief

operating decision

maker,

reviews operating
results solely by revenue and operating

results of the fleet, and

thus, the Company has determined
that it operates

under one

reportable segment,

that of operating

dry bulk

vessels. The

chief operating

DIANA SHIPPING INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

(Expressed in thousands of U. S. Dollars - except share, per share

data, unless otherwise stated)

F-18

decision maker
(“ CODM”) does

not use

discrete financial

information to

evaluate the

operating results
for

each

type