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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 7,629 $ 35,956
Restricted cash (Note 6) 1,000 0
Trade accounts receivable 1,113 317
Prepayments and other 1,048 1,545
Right of use assets from operating leases (Note 6) 9,666 0
Deposit asset (Note 6) 2,000 0
Inventories 983 915
Total current assets 23,439 38,733
FIXED ASSETS:    
Vessels, net (Note 4) 361,374 374,710
Right of use assets from operating leases (Note 6) 0 19,476
Other fixed assets, net 505 505
Total fixed assets 361,879 394,691
OTHER NON-CURRENT ASSETS:    
Restricted cash (Note 7) 3,000 4,000
Advances for asset acquisitions to related party (Note 5) 24,000 0
Investments in unconsolidated joint ventures (Note 16) 8,054 19,635
Trade accounts receivable, non-current 2,400 0
Deposit asset (Note 6) 0 2,000
Deferred Charges 0 130
Total non-current assets 37,454 25,765
Total assets 422,772 459,189
CURRENT LIABILITIES:    
Current portion of long-term debt (Note 7) 14,202 12,418
Due to related parties (Note 5) $ 1,169 $ 4,648
Other Liability, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Accounts payable $ 1,821 $ 1,356
Accrued liabilities 2,993 2,355
Unearned revenue 6,652 6,615
Current portion of Operating lease liabilities (Note 6) 6,357 8,980
Current portion of Vessel fair value participation liability (Note 7) 0 5,000
Total current liabilities 33,194 41,372
NON-CURRENT LIABILITIES:    
Non-current portion of long-term debt (Note 7) 245,056 228,080
Non-current portion of Operating lease liabilities (Note 6) 0 6,357
Unearned revenue, non-current 102 0
Total non-current liabilities 245,158 234,437
COMMITMENTS AND CONTINGENCIES (Note 8)
Total liabilities 278,352 275,809
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 2024 (Note 15) 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 2024 (Note 9) 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 2024 (Note 9) 46 46
Additional paid-in capital 451,079 451,157
Accumulated deficit (306,706) (311,740)
Total stockholders' equity 144,420 139,464
Total liabilities, mezzanine equity and stockholders' equity $ 422,772 $ 459,189