CASH FLOW INFORMATION

12 Months Ended

Dec. 31, 2013

CASH FLOW INFORMATION [Abstract]

CASH FLOW INFORMATION

3 — CASH FLOW INFORMATION

For the year ended December 31, 2013, the Company had non-cash investing activities not included in the Consolidated Statement of Cash Flows for items included in accounts payable and accrued expenses of $606 for the purchase of vessels and $12 for deposits on vessels.  For the year ended December 31, 2013, the Company had non-cash financing activities not included in the Consolidated Statement of Cash Flows for items included in accounts payable and accrued expenses of $78 for the payment of deferred financing costs and $111 for the payment of common stock issuance costs.  For the year ended December 31, 2013, the Company also had non-cash investing activities not included in the Consolidated Statement of Cash Flows for items included in due to Parent of $64 for the purchase of fixed assets.

For the years ended December 31, 2012 and 2011, the Company did not have any non-cash investing or financing activities.

During the years ended December 31, 2013, 2012 and 2011, cash paid for interest, net of amount capitalized, was $3,773, $3,798 and $4,228, respectively.

During the years ended December 31, 2013, 2012 and 2011, cash paid for estimated income taxes was $32, $22 and $61, respectively.

On May 16, 2013, the Company made grants of nonvested common stock in the amount of 59,680 shares in the aggregate to directors of the Company.  The grant date fair value of such nonvested stock was $225.  Additionally, on December 19, 2013, 539,000 and 400,000 shares of nonvested common stock were granted to Peter Georgiopoulos, Chairman of the Board, and John Wobensmith, President and Chief Financial Officer, respectively.  The grant date fair value of such nonvested stock was $5,371.

On May 17, 2012 and December 13, 2012, the Company made grants of nonvested common stock in the amount of 12,500 and 37,500 shares, respectively, to directors of the Company.  The grant date fair value of such nonvested stock was $48 and $113, respectively.  These shares vested on May 16, 2013. Additionally, on December 13, 2012, 166,666 and 83,333 shares of nonvested common stock were granted to Peter Georgiopoulos and John Wobensmith, respectively.  The grant date fair value of such nonvested stock was $750.

On May 12, 2011, the Company made grants of nonvested common stock in the amount of 12,500 shares to directors of the Company.  The grant date fair value of such nonvested stock was $87. These shares vested on May 17, 2012.  Additionally, on December 21, 2011, 80,000 and 25,000 shares of nonvested common stock were granted to Peter Georgiopoulos and John Wobensmith, respectively.  The grant date fair value of such nonvested stock was $515.

All of the aforementioned grants of restricted stock were made under the Baltic Trading Limited 2010 Equity Incentive Plan.