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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 41,496 $ 21,011
Term deposits 1,500 1,600
Restricted cash 1,180 50
Accounts receivable trade, net 0 801
Inventories 1,448 4,650
Prepaid expenses 1,118 1,140
Other current assets 434 674
Deferred voyage expenses 0 621
Total current assets 47,176 30,547
Fixed assets:    
Vessels, net 426,062 256,737
Other fixed assets, net 405 373
Total fixed assets 426,467 257,110
Other non-current assets:    
Deposits assets, non-current 1,325 1,325
Deferred charges and other long-term investments, non-current 8,613 4,396
Restricted cash, non-current 2,950 990
Right of use asset - leases 650 845
Other non-current assets 30 32
TOTAL ASSETS 487,211 295,245
Current liabilities:    
Current portion of long-term debt and other financial liabilities, net of deferred finance costs and debt discounts of $1,347 and $995 respectively 68,473 19,417
Trade accounts and other payables 5,762 3,707
Convertible notes, net of deferred finance costs and debt discounts of $1,046 and $NIL, respectively 769 0
Accrued liabilities 5,173 2,988
Lease liability 121 140
Deferred revenue 7,735 4,510
Total current liabilities 88,033 30,762
Non-current liabilities:    
Long-term debt and other financial liabilities, net of current portion and deferred finance costs and debt discounts of $2,030 and $2,532, respectively 146,701 150,345
Convertible notes, non-current, net of deferred finance costs and debt discounts of $1,597 and $5,839, respectively 6,804 14,516
Lease liability, non-current 529 705
Deferred revenue, non-current 538 2,773
Other liabilities, non-current 130 450
Total liabilities 242,735 199,551
Commitments and contingencies
STOCKHOLDERS EQUITY    
Preferred stock, $0.0001 par value; 25,000,000 shares authorized; 20,000 and NIL shares issued and outstanding as at December 31, 2021 and 2020, respectively 0 0
Common stock, $0.0001 par value; 500,000,000 authorized shares as at December 31, 2021 and 2020; 172,986,137 and 68,314,985 shares issued and outstanding as at December 31, 2021 and 2020, respectively 17 7
Additional paid-in capital 597,708 490,284
Accumulated deficit (353,249) (394,597)
Total Stockholders' equity 244,476 95,694
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY $ 487,211 $ 295,245