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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents (Note 2 (e)) $ 38,726 $ 9,573
Accounts receivable, net of provision for credit losses (Notes 2 (g), (h) and 4) 9,110 3,792
Deferred voyage expenses 20 58
Inventories (Note 2 (i)) 3,037 4,286
Prepaid expenses and other assets 2,524 1,670
Current assets from discontinued operations (Notes 2 (z) and 3) 46 47
Total current assets 53,463 19,426
FIXED ASSETS:    
Vessels, net (Notes 2 (j),(k), (l) and 6) 236,607 123,036
Property and equipment, net 72 151
Total fixed assets 236,679 123,187
NON-CURRENT ASSETS:    
Restricted cash, non-current (Notes 2 (f) and 8) 1,000 0
Right of use asset under operating leases (Note 9) 163 84
Deferred charges, net (Note 2 (p)) 1,098 1,408
Other non-current assets (Notes 2(j) and 6) 522 819
Prepaid charter revenue 54 0
Total non-current assets 2,837 2,311
Total assets 292,979 144,924
CURRENT LIABILITIES:    
Current portion of long-term bank debt, net of unamortized deferred fin. costs (Note 8) 16,746 7,788
Accounts payable, trade and other 4,580 5,742
Due to related parties (Note 5) 335 127
Accrued liabilities 2,889 1,342
Deferred revenue (Notes 2 (n) and 4) 1,378 0
Lease liabilities, current (Note 9) 73 66
Current liabilities from discontinued operations (Notes 2 (z) and 3) 98 120
Total current liabilities 26,099 15,185
LONG-TERM LIABILITIES:    
Long-term bank debt, net of unamortized deferred financing costs (Note 8) 110,929 42,110
Other liabilities, non-current 156 262
Long-term lease liabilities (Note 9) 90 18
Commitments and contingencies (Note 9)
Total long-term liabilities 111,175 42,390
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized, 136,261 and 0 Series B, and 1,314,792 and 0 Series C issued and outstanding as at December 31, 2022 and 2021, respectively (Note 10) 15 0
Common stock, $0.01 par value; 500,000,000 shares authorized; 4,187,588 and 337,500 issued and outstanding as at December 31, 2022 and 2021, respectively (Note 10) 42 3
Additional paid-in capital (Note 10) 513,623 457,487
Other comprehensive loss 66 (2)
Accumulated deficit (358,041) (370,139)
Total stockholders' equity 155,705 87,349
Total liabilities and stockholders' equity $ 292,979 $ 144,924