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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 38,061 $ 19,685
Accounts receivable, trade 521 534
Inventories 1,807 1,964
Prepaid expenses (of $700 and $485 as of June 30, 2014 and December 31, 2013, respectively) and other assets 1,100 797
Total current assets 41,489 22,980
FIXED ASSETS:    
Vessels 272,699 284,108
Accumulated depreciation (21,657) (18,736)
Vessels' net book value 251,042 265,372
Property and equipment, net 281 321
Total fixed assets 251,323 265,693
OTHER NON-CURRENT ASSETS:    
Restricted cash 9,870 9,870
Prepaid charter revenue 12,259 18,166
Total Assets 314,941 316,709
CURRENT LIABILITIES:    
Accounts payable, trade and other 1,638 1,739
Due to related parties, current 221 170
Accrued liabilities 743 898
Deferred revenue, current 500 972
Total current liabilities 3,102 3,779
Long-term bank debt, net of unamortized deferred financing costs 98,199 98,102
Related party financing, non-current 50,547 50,233
Deferred revenue, non-current 0 50
Other liabilities, non-current 93 80
Commitments and contingencies 0 0
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized, none issued 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized; 36,505,605 and 35,051,567 issued and outstanding as at June 30, 2014 and December 31, 2013, respectively 365 350
Additional paid-in capital 280,989 276,236
Accumulated deficit (118,354) (112,121)
Total stockholders' equity 163,000 164,465
Total liabilities and stockholders' equity $ 314,941 $ 316,709