Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2014

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, 2014		December 31, 2013
Prepaid voyage costs	$	634	$	431
Inventory		826		1,166
Other		10		66
Total prepaid expenses and other current assets	$	1,470	$	1,663

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