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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME [Abstract]      
Revenues (including $0, $0 and $7,294 respectively, from related party) (Note 18 & 5) $ 80,656 $ 56,367 $ 60,222
EXPENSES:      
Voyage expenses (including $761, $705 and $1,008 respectively, to related party) (Note 11) 1,648 1,317 1,994
Operating lease expense (Note 6) 10,840 10,840 755
Vessel operating expenses (including $60, $17 and $37 respectively, to related party) (Note 11) 18,628 15,679 21,024
Dry-docking costs 0 361 356
Vessel depreciation (Note 4b) 13,289 7,670 13,174
Management fees-related parties (Note 5) 2,093 2,596 5,627
General and administrative expenses (including $360, $360 and $360 respectively, to related party)(Note 5) 1,617 1,943 1,932
Other operating loss (Note 15) 0 0 4,800
Loss/(Gain) on sale of vessels (Note 6 and 19) (78) 0 12,355
Impairment on vessels (Note 19) 0 1,160 0
Operating (loss)/ income 32,619 14,801 (1,795)
OTHER EXPENSES:      
Interest and finance costs (including $0, $0 and $207 respectively, to related party) (Note 12) (14,365) (6,998) (20,956)
(Loss)/Gain on derivative financial instruments (Note 14) 0 66 (814)
Interest income 48 0 34
Equity gain in unconsolidated joint ventures 646 747 713
Total other expenses, net (13,671) (6,185) (21,023)
Net (loss)/income 18,948 8,616 (22,818)
Comprehensive (loss)/income 18,948 8,616 (22,818)
Less: Deemed dividend for beneficial conversion feature of Series E Shares (Note 16) 0 (900) (1,067)
Less: Deemed dividend equivalents on preferred shares related to redemption value (Note 16) (14,400) (437) (3,099)
Less: Preferred shares dividend (Note 16) (12,390) (1,883) (1,796)
Less: Deemed dividend on warrant inducement (Note 9) (1,345) 0 0
Net (loss)/ income attributable to common shareholders $ (9,187) $ 5,396 $ (28,780)
(Loss) / Earnings per common share, basic (in dollars per share) $ (3.03) $ 2.71 $ (24.48)
(Loss) / Earnings per common share, diluted (in dollars per share) $ (3.03) $ 2.71 $ (24.48)