XML 30 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUE:      
Voyage revenues $ 34,532 $ 30,840 $ 61,390
Management & consulting fee income 338 365 365
Total Revenues 34,870 31,205 61,755
EXPENSES & OTHER OPERATING INCOME:      
Voyage expenses (1,805) (3,936) (5,373)
Vessel operating expenses (14,342) (16,090) (18,012)
Depreciation (6,236) (4,725) (5,600)
Depreciation of drydocking costs (3,507) (4,185) (4,646)
Administrative expenses (3,694) (3,541) (2,876)
Administrative expenses payable to related parties (3,785) (713) (1,412)
Reversal of impairment 1,891 4,400 0
Gain from sale of vessel 2 3,876 0
Other (expenses)/income, net 5 (14) (204)
Operating income 3,399 6,277 23,632
Interest income 2,766 2,634 375
Interest expense and finance costs (6,289) (4,354) (2,320)
Gain from the modification of the Loan 0 417 0
Gain on derivative financial instruments 467 388 2,520
Foreign exchange gains/(losses), net 88 (90) 73
TOTAL INCOME FOR THE YEAR 431 5,272 24,280
Other Comprehensive Income 0 0 0
TOTAL COMPREHENSIVE INCOME FOR THE YEAR $ 431 $ 5,272 $ 24,280
Earnings per share (U.S.$):      
-Diluted income per share for the period $ 0.02 $ 0.26 $ 1.18
-Basic income per share for the period $ 0.02 $ 0.26 $ 1.18