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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 20,544 $ 2,370
Trade accounts receivable 8 76
Prepayments and other 1,314 581
Inventories 1,026 671
Vessels held for sale (Note 4c) 0 71,636
Total current assets 22,892 75,334
FIXED ASSETS:    
Advances for vessels under construction (Note 4a) 0 30,579
Vessels, net (Note 4b) 389,059 156,585
Right of use assets from operating leases (Note 6) 28,708 37,279
Other fixed assets, net 505 534
Total fixed assets 418,272 224,977
OTHER NON CURRENT ASSETS:    
Restricted cash (Note 6 and 7) 4,000 4,000
Investments in unconsolidated joint ventures (Note 17) 22,173 24,477
Deposit asset (Note 19) 2,000 2,000
Total non-current assets 28,173 30,477
Total assets 469,337 330,788
CURRENT LIABILITIES:    
Current portion of long-term debt (Note 7) 12,344 7,205
Debt related to vessels held for sale (Note 7) 0 53,202
Due to related parties (Note 5) 237 29,755
Accounts payable 1,953 2,308
Accrued liabilities 2,061 1,145
Unearned revenue 7,030 3,658
Current portion of Operating lease liabilities (Note 6) 8,610 9,815
Total current liabilities 32,235 107,088
NON-CURRENT LIABILITIES:    
Non-current portion of long term debt (Note 7) 221,370 90,163
Non-current portion of Operating lease liabilities (Note 6) 15,338 23,948
Other non-current liabilities 100 225
Vessel fair value participation liability (Note 7) 3,271 0
Total non-current liabilities 240,079 114,336
COMMITMENTS AND CONTINGENCIES (Note 8)
Total liabilities 272,314 221,424
MEZZANINE EQUITY:    
Preferred stock, $0.01 par value; 20,000,000 shares authorized; 13,452 Series E Shares issued and outstanding at December 31, 2021 and 13,452 Series E Shares and 5,850,748 Series F Shares issued and outstanding at December 31, 2022 (Note 12) 59 0
Preferred stock, Paid-in capital in excess of par 86,292 16,142
Total mezzanine equity 86,351 16,142
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value; 20,000,000 shares authorized; of which 100,000 Series D shares were outstanding at December 31, 2021 and 2022 (Note 9) 1 1
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 1,991,598 and 10,294,906 shares issued and outstanding at December 31, 2021 and 2022 (Note 9) 103 20
Additional paid-in capital 428,374 429,955
Accumulated deficit (317,806) (336,754)
Total stockholders' equity 110,672 93,222
Total liabilities, mezzanine equity and stockholders' equity $ 469,337 $ 330,788