XML 21 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUES:      
Voyage and time charter revenues (Notes 1 and 2) $ 42,045 $ 6,301 $ 0
EXPENSES:      
Voyage expenses 14,434 2,460 0
Vessel operating expenses 9,208 1,122 0
Depreciation (Note 6) 5,799 783 37
Management fees (Note 1) 231 142 0
General and administrative expenses (Notes 4 and 9) 7,985 8,162 8,030
Provision for doubtful receivables (Note 2) 79 0 0
Foreign currency losses / (gains) 35 (18) (62)
Operating income / (loss) 4,274 (6,350) (8,005)
OTHER INCOME / (EXPENSES)      
Interest and finance costs (Note 10) (2,089) (651) 0
Interest income 110 258 62
Total other income / (expenses), net (1,979) (393) 62
Net income / (loss) from continuing operations 2,295 (6,743) (7,943)
Gain from repurchase of preferred shares (Notes 4 and 11) 1,500 0 0
Income allocated to participating securities (Note 11) (87) 0 0
Net income/(loss) available to common stockholders from continuing operations 3,708 (6,743) (7,943)
Net income / (loss) from discontinued operations (Note 3) 1,482 (25,314) (44,952)
Total net income / (loss) available to common stockholders $ 5,190 $ (32,057) $ (52,895)
Earnings / (Loss) per common share, basic, continuing operations (Note 11) $ 0.76 $ (2.35) $ (8.40)
Earnings / (Loss) per common share, diluted, continuing operations (Note 11) 0.75 (2.35) (8.40)
Earnings / (Loss) per common share, basic, discontinued operations (Note 11) 0.30 (8.84) (47.57)
Earnings / (Loss) per common share, diluted, discontinued operations (Note 11) 0.30 (8.84) (47.57)
Earnings / (Loss) per common share, basic, total (Note 11) 1.06 (11.19) (55.97)
Earnings / (Loss) per common share, diluted, total (Note 11) $ 1.05 $ (11.19) $ (55.97)
Weighted average number of common shares, basic (Note 11) 4,875,475 2,864,676 945,056
Weighted average number of common shares, diluted (Note 11) 4,945,562 2,864,676 945,056