Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2016

Prepaid Expenses And Other 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, 2016	December 31, 2015
Prepaid voyage costs	$                    27	$      137
Inventory	220	1,160
Other	1,353	—
Total prepaid expenses and other current assets	$          1,600	$      1,297

Inventories, which are comprised of bunkers due to freight voyages, are valued at cost as determined on the first-in, first-out basis. As of December 31, 2016, the amount of $1,353 represents the advances for working capital purposes for certain charter contracts.