XML 44 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 82,003us-gaap_CashAndCashEquivalentsAtCarryingValue $ 19,685us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, trade 691us-gaap_AccountsReceivableNetCurrent 534us-gaap_AccountsReceivableNetCurrent
Inventories 2,307us-gaap_InventoryNet 1,964us-gaap_InventoryNet
Prepaid expenses and other assets 845us-gaap_PrepaidExpenseAndOtherAssetsCurrent 797us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Restricted cash, current 600us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 0us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Total current assets 86,446us-gaap_AssetsCurrent 22,980us-gaap_AssetsCurrent
FIXED ASSETS:    
Vessels 333,078us-gaap_PropertyPlantAndEquipmentGross 284,108us-gaap_PropertyPlantAndEquipmentGross
Accumulated depreciation (26,984)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (18,736)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Vessels' net book value 306,094us-gaap_PropertyPlantAndEquipmentNet 265,372us-gaap_PropertyPlantAndEquipmentNet
Property and equipment, net 1,089dcix_PropertyAndEquipmentNet 321dcix_PropertyAndEquipmentNet
Total fixed assets 307,183dcix_TotalFixedAssets 265,693dcix_TotalFixedAssets
OTHER NON-CURRENT ASSETS:    
Restricted cash, non-current 9,270us-gaap_RestrictedCashAndCashEquivalentsNoncurrent 9,870us-gaap_RestrictedCashAndCashEquivalentsNoncurrent
Prepaid charter revenue 6,364dcix_PrepaidCharterRevenueNoncurrent 18,166dcix_PrepaidCharterRevenueNoncurrent
Total Assets 409,263us-gaap_Assets 316,709us-gaap_Assets
CURRENT LIABILITIES:    
Current portion of long-term bank debt, net of unamortized deferred financing costs 5,804us-gaap_LongTermDebtCurrent 0us-gaap_LongTermDebtCurrent
Accounts payable, trade and other 1,807us-gaap_AccountsPayableCurrent 1,739us-gaap_AccountsPayableCurrent
Due to related parties, current 136us-gaap_DueToRelatedPartiesCurrent 170us-gaap_DueToRelatedPartiesCurrent
Accrued liabilities 1,052us-gaap_AccruedLiabilitiesCurrent 898us-gaap_AccruedLiabilitiesCurrent
Deferred revenue, current 491us-gaap_DeferredRevenueCurrent 972us-gaap_DeferredRevenueCurrent
Total current liabilities 9,290us-gaap_LiabilitiesCurrent 3,779us-gaap_LiabilitiesCurrent
Long-term bank debt, net of current portion and unamortized deferred financing costs 92,494us-gaap_LongTermDebtNoncurrent 98,102us-gaap_LongTermDebtNoncurrent
Related party financing, non-current 50,867us-gaap_DueToRelatedPartiesNoncurrent 50,233us-gaap_DueToRelatedPartiesNoncurrent
Deferred revenue, non-current 0us-gaap_DeferredRevenueNoncurrent 50us-gaap_DeferredRevenueNoncurrent
Other liabilities, non-current 169us-gaap_OtherLiabilitiesNoncurrent 80us-gaap_OtherLiabilitiesNoncurrent
Commitments and contingencies 0us-gaap_CommitmentsAndContingencies 0us-gaap_CommitmentsAndContingencies
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized, none issued 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, $0.01 par value; 500,000,000 shares authorized; 73,158,991 and 35,051,567 issued and outstanding as at December 31, 2014 and 2013, respectively 731us-gaap_CommonStockValue 350us-gaap_CommonStockValue
Additional paid-in capital 372,197us-gaap_AdditionalPaidInCapital 276,236us-gaap_AdditionalPaidInCapital
Other comprehensive loss (68)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 0us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Accumulated deficit (116,417)us-gaap_RetainedEarningsAccumulatedDeficit (112,121)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity 256,443us-gaap_StockholdersEquity 164,465us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 409,263us-gaap_LiabilitiesAndStockholdersEquity $ 316,709us-gaap_LiabilitiesAndStockholdersEquity