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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 35,956 $ 20,544
Trade accounts receivable 317 8
Prepayments and other 1,545 1,314
Inventories 915 1,026
Total current assets 38,733 22,892
FIXED ASSETS:    
Vessels, net (Note 4) 374,710 389,059
Right of use assets from operating leases (Note 6) 19,476 28,708
Other fixed assets, net 505 505
Total fixed assets 394,691 418,272
OTHER NON CURRENT ASSETS:    
Restricted cash (Note 6 and 7) 4,000 4,000
Investments in unconsolidated joint ventures (Note 16) 19,635 22,173
Deposit asset 2,000 2,000
Deferred Charges 130 0
Total non-current assets 25,765 28,173
Total assets 459,189 469,337
CURRENT LIABILITIES:    
Current portion of long-term debt (Note 7) 12,418 12,344
Due to related parties (Note 5) $ 4,648 237
Other Liability, Current, Related Party, Type [Extensible Enumeration] Related Party [Member]  
Accounts payable $ 1,356 1,953
Accrued liabilities 2,355 2,061
Unearned revenue 6,615 7,030
Current portion of Operating lease liabilities (Note 6) 8,980 8,610
Current portion of Vessel fair value participation liability (Note 7) 5,000 0
Total current liabilities 41,372 32,235
NON-CURRENT LIABILITIES:    
Non-current portion of long-term debt (Note 7) 228,080 221,370
Non-current portion of Operating lease liabilities (Note 6) 6,357 15,338
Other non-current liabilities 0 100
Vessel fair value participation liability (Note 7) 0 3,271
Total non-current liabilities 234,437 240,079
COMMITMENTS AND CONTINGENCIES (Note 8)
Total liabilities 275,809 272,314
MEZZANINE EQUITY:    
Preferred stock, $0.01 par value; 20,000,000 shares authorized; 13,452 and 0 Series E Shares and 5,850,748 and 3,659,627 Series F Shares issued and outstanding at December 31, 2022, and 2023 (Note 15) 37 59
Preferred stock, Paid-in capital in excess of par 43,879 86,292
Total mezzanine equity 43,916 86,351
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, 2022 and 2023 (Note 9) 1 1
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 857,908 and 4,626,197 shares issued and outstanding at December 31, 2022 and 2023 (Note 9) 46 9
Additional paid-in capital 451,157 428,468
Accumulated deficit (311,740) (317,806)
Total stockholders' equity 139,464 110,672
Total liabilities, mezzanine equity and stockholders' equity $ 459,189 $ 469,337