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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and Cash Equivalents $ 34,739 $ 57,847
Restricted Cash 9,909 4,223
Accounts Receivable, Net 9,374 6,349
Prepaid Expenses 4,847 5,477
Inventory 20,873 19,408
Voyages in Progress 10,488 4,644
Other Current Assets 1,918 1,574
Vessels Held for Sale 14,960 0
Total Current Assets 107,108 99,522
Non-Current Assets    
Vessels 715,263 861,342
Vessels under Construction 24,270 11,000
Right of Use Assets 1,857 1,219
Other Non-Current Assets 2,654 1,264
Total Non-Current Assets 744,044 874,825
Total Assets 851,152 974,347
Current Liabilities    
Accounts Payable 6,552 4,099
Accrued Voyage Expenses 14,985 5,254
Other Current Liabilities 8,561 8,232
Current Portion of Long-Term Debt 37,547 22,094
Total Current Liabilities 67,645 39,679
Non-Current Liabilities    
Long-Term Debt 283,411 334,615
Operating Lease Liabilities 1,149 730
Other Non-Current Liabilities 724 197
Total Non-Current Liabilities 285,284 335,542
Commitments and Contingencies
Shareholders' Equity    
Common Stock, par value $0.01 per share 360,000,000 authorized, 183,694,196 and 151,446,112 issued and outstanding at December 31, 2021 and December 31, 2020, respectively. 1,836 1,514
Additional Paid-in Capital 139,480 59,412
Contributed Surplus 529,816 539,516
Accumulated Other Comprehensive Loss (1,581) (1,316)
Retained Earnings (Accumulated Deficit) (171,328) 0
Total Shareholders' Equity 498,223 599,126
Total Liabilities and Shareholders' Equity $ 851,152 $ 974,347