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UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
REVENUES:    
Time charter revenues $ 36,060 $ 25,310
Time charter revenues from related parties (Note 5) 2,786 0
Total revenues 38,846 25,310
EXPENSES:    
Voyage expenses 875 608
Operating lease expenses 5,378 5,378
Other vessel operating expenses 9,705 7,919
Vessel depreciation 6,114 3,339
Management fees-related parties (Note 5) 1,030 1,661
Dry-docking costs 0 26
Gain on sale of vessels (78) 0
Impairment on vessels 0 1,160
General and administrative expenses 691 963
Operating income 15,131 4,256
OTHER INCOME (EXPENSES):    
Interest and finance costs (6,927) (2,837)
Gain on derivative financial instruments 0 66
Equity gains in unconsolidated joint ventures 401 197
Total other expenses, net (6,526) (2,574)
Net income 8,605 1,682
Comprehensive income 8,605 1,682
Less: Deemed dividend equivalents on Series F Shares related to redemption value (Note 12) (14,400) 0
Less: Dividends of preferred shares (Note 5, 9 and 12) (7,322) (915)
Net income/(loss) attributable to common shareholders (13,117) 767
Comprehensive income/(loss) attributable to common shareholders $ (13,117) $ 767
Earnings/(Loss) per common share, basic (in dollars per share) $ (6.15) $ 0.39
Earnings/(Loss) per common share, diluted (in dollars per share) $ (6.15) $ 0.39
Weighted average common shares outstanding, basic (in shares) 2,132,179 1,991,598
Weighted average common shares outstanding, diluted (in shares) 2,132,179 1,991,598