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UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 16,799 $ 35,956
Trade accounts receivable 1,752 317
Prepayments and other 1,569 1,545
Inventories 945 915
Total current assets 21,065 38,733
FIXED ASSETS:    
Vessels, net (Note 4) 368,037 374,710
Right of use assets from operating leases 14,676 19,476
Other fixed assets, net 505 505
Total fixed assets 383,218 394,691
OTHER NON CURRENT ASSETS:    
Restricted cash 4,000 4,000
Investments in unconsolidated joint ventures 18,699 19,635
Deposit asset 2,000 2,000
Advances for asset acquisition to related party (Note 5) 1,000 0
Trade accounts receivable, non-current 237 0
Deferred charges 0 130
Total non-current assets 25,936 25,765
Total assets 430,219 459,189
CURRENT LIABILITIES:    
Current portion of long-term debt (Note 7) 13,993 12,418
Due to related parties (Note 5) $ 0 $ 4,648
Other Liability, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Accounts payable $ 1,348 $ 1,356
Accrued liabilities 3,492 2,355
Unearned revenue 6,747 6,615
Current portion of Operating lease liabilities (Note 6) 7,669 8,980
Vessel fair value participation liability (Note 7) 0 5,000
Total current liabilities 33,249 41,372
NON-CURRENT LIABILITIES:    
Non-current portion of long-term debt (Note 7) 252,214 228,080
Non-current portion of Operating lease liabilities (Note 6) 3,178 6,357
Other non-current liabilities 237 0
Total non-current liabilities 255,629 234,437
COMMITMENTS AND CONTINGENCIES (Note 8)
Total liabilities 288,878 275,809
MEZZANINE EQUITY:    
Preferred stock, $0.01 par value; 20,000,000 shares authorized; 3,659,627 and 0 Series F Shares issued and outstanding at December 31, 2023 and June 30, 2024, respectively (Note 5) 0 37
Preferred stock, Paid-in capital in excess of par 0 43,879
Total mezzanine equity 0 43,916
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, 2023 and June 30, 2024 1 1
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 4,626,197 shares issued and outstanding at December 31, 2023 and June 30, 2024 46 46
Additional paid-in capital 451,095 451,157
Accumulated deficit (309,801) (311,740)
Total stockholders' equity 141,341 139,464
Total liabilities, mezzanine equity and stockholders' equity $ 430,219 $ 459,189