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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and Cash Equivalents $ 59,583 $ 34,739
Restricted Cash 3,719 9,909
Accounts Receivable, Net 20,474 9,374
Prepaid Expenses 5,975 4,847
Inventory 25,430 20,873
Voyages in Progress 23,997 10,488
Other Current Assets 3,484 1,918
Vessels Held for Sale 0 14,960
Total Current Assets 142,662 107,108
Non-Current Assets    
Vessels 735,134 715,263
Vessels under Construction 0 24,270
Right of Use Assets 1,209 1,857
Other Non-Current Assets 878 2,654
Total Non-Current Assets 737,221 744,044
Total Assets 879,883 851,152
Current Liabilities    
Accounts Payable 6,960 6,552
Accrued Voyage Expenses 11,315 14,985
Other Current Liabilities 14,439 8,561
Current Portion of Long-Term Debt 39,700 37,547
Total Current Liabilities 72,414 67,645
Non-Current Liabilities    
Long-Term Debt 266,337 283,411
Operating Lease Liabilities 535 1,149
Other Non-Current Liabilities 615 724
Total Non-Current Liabilities 267,487 285,284
Commitments and Contingencies
Shareholders' Equity    
Common Stock, par value $0.01 per share 360,000,000 authorized, 208,796,444 and 183,694,196 issued and outstanding at December 31, 2022 and December 31, 2021, respectively. 2,087 1,836
Additional Paid-in Capital 188,801 139,480
Contributed Surplus 507,134 529,816
Accumulated Other Comprehensive Loss (1,813) (1,581)
Retained Earnings (Accumulated Deficit) (156,227) (171,328)
Total Shareholders' Equity 539,982 498,223
Total Liabilities and Shareholders' Equity $ 879,883 $ 851,152