XML 9 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 12,218 $ 8,889
Restricted cash 50 1,550
Accounts receivable trade, net 2,037 3,626
Inventories 6,744 4,797
Prepaid expenses and other current assets 1,041 636
Deferred voyage expenses 161 0
Total current assets 22,251 19,498
Fixed assets:    
Vessels, net 249,344 254,730
Other fixed assets, net 554 0
Right of use asset - leases 626 0
Total fixed assets 250,524 254,730
Other non-current assets:    
Deposits assets, non-current 1,325 0
Deferred charges, non-current 432 846
Restricted cash, non-current 730 600
Other non-current assets 30 31
TOTAL ASSETS 275,292 275,705
Current liabilities:    
Current portion of long-term debt and other financial liabilities, net of deferred finance costs 21,779 19,216
Current portion of convertible promissory notes 200 0
Trade accounts and other payables 10,198 8,778
Due to related parties 7,896 0
Accrued liabilities 3,955 4,725
Lease liability 36 0
Deferred revenue 4,641 1,741
Total current liabilities 48,705 34,460
Non-current liabilities:    
Long-term debt and other financial liabilities, net of current portion and deferred finance costs 177,244 175,805
Due to related parties, non-current 11,450 17,342
Long-term portion of convertible promissory notes 8,669 6,785
Lease liability, non-current 590 0
Total liabilities 246,658 234,392
Commitments and contingencies
STOCKHOLDERS EQUITY    
Preferred stock, $0.0001 par value; 25,000,000 shares authorized; none issued 0 0
Common stock, $0.0001 par value; 500,000,000 authorized shares as at June 30, 2018 and December 31, 2017; 38,219,014 and 36,979,346 shares issued and outstanding as at June 30, 2018 and December 31, 2017, respectively 3 3
Additional paid-in capital 383,938 383,007
Accumulated deficit (355,307) (341,697)
Total Stockholders' equity 28,634 41,313
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY $ 275,292 $ 275,705