Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2017

Prepaid Expenses And Other Assets [Abstract]

Prepaid Expenses and Other Current Assets

NOTE6 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:

	December31, 2017	December31, 2016
Prepaid voyage costs	$                       14	$                       27
Inventory	220	220
Other	671	1,353
Total prepaid expenses and other current assets	$               905	$               1,600

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 December31, 2016, the amount of $1,353 represents the advances for working capital purposes for certain charter contracts.