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Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 32,674 $ 19,378
Restricted cash 50 50
Accounts receivable trade, net 729 896
Inventories 2,354 1,559
Prepaid expenses 2,408 1,238
Total current assets 46,950 25,085
Fixed assets:    
Vessels, net 432,932 410,476
Finance lease, right-of-use asset 28,904 29,562
Advances for vessel acquisition 4,450 0
Other fixed assets, net 342 423
Total fixed assets 466,628 440,461
Other non-current assets:    
Deferred charges and other investments, non-current 5,131 6,397
Restricted cash, non-current 5,500 5,500
Intangible assets 399 0
Operating lease, right of use asset 341 405
Other non-current assets 28 29
TOTAL ASSETS 524,977 477,877
Current liabilities:    
Current portion of long-term debt and other financial liabilities, net of deferred finance costs and debt discounts of $1,836 and $1,175, respectively 44,574 31,780
Finance lease liability, current 20,699 21,778
Trade accounts and other payables 6,910 5,489
Accrued liabilities 7,529 7,736
Operating lease liability, current 99 105
Deferred revenue 2,081 2,136
Total current liabilities 85,000 69,515
Non-current liabilities:    
Long-term debt and other financial liabilities, net of current portion and deferred finance costs and debt discounts of $2,652 and $1,746, respectively 182,352 179,010
Operating lease liability, non-current 242 300
Deferred revenue, non-current 161 254
Other liabilities, non-current 2,521 353
Total liabilities 270,276 249,432
Commitments and contingencies
STOCKHOLDERS EQUITY    
Preferred stock, $0.0001 par value; 25,000,000 shares authorized; 20,000 and 20,000 shares issued and outstanding as at June 30, 2024 and December 31, 2023, respectively 0 0
Common stock, $0.0001 par value; 500,000,000 authorized shares as at June 30, 2024 and December 31, 2023; 20,698,827 and 19,636,352 shares issued and outstanding as at June 30, 2024 and December 31, 2023, respectively 2 2
Additional paid-in capital 597,206 590,129
Accumulated deficit (342,507) (361,686)
Total stockholders' equity 254,701 228,445
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 524,977 477,877
Related Party [Member]    
Current assets:    
Other current assets 5,895 308
Nonrelated Party [Member]    
Current assets:    
Other current assets 2,840 1,656
Current liabilities:    
Other current liabilities $ 3,108 $ 491