Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2013

PREPAID EXPENSES AND OTHER CURRENT ASSETS [Abstract]

Prepaid Expenses and Other Current Assets

NOTE 5 - PREPAID EXPENSES AND OTHER CURRENT ASSETS

         Prepaid expenses and other current assets consist of the following:

	December 31, 2013	December 31, 2012
Prepaid voyage costs	$          431	$          252
Inventory	1,166	—
Other	66	342
Total prepaid expenses and other current assets	$       1,663	$          594

Inventories, which are comprised of bunkers due to freight voyages, are valued at the lower of cost or market value as determined on the first-in, first-out basis.