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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
7 Months Ended 12 Months Ended
Dec. 31, 2010
Dec. 31, 2012
Dec. 31, 2011
Cash Flows from Operating Activities:      
Net (loss) / income $ (3,822) $ 13,176,164 $ 12,953,386
Adjustments to reconcile net (loss) / income to net cash provided by operating activities:      
Depreciation 0 15,027,280 8,050,079
Amortization of intangibles 0 4,184,861 1,054,959
Amortization of financing costs 0 601,304 322,952
Share-based compensation 0 1,225,276 322,103
Changes in assets and liabilities:      
Trade receivables 0 165,315 (653,265)
Prepaid expenses and other receivables 0 127,723 (616,012)
Due from related parties 0 (2,132,279) (1,855,151)
Inventories 0 (337,318) (1,232,576)
Other assets 0 0 (2,618)
Trade accounts payable 0 1,294,345 851,925
Accrued expenses 0 383,184 1,352,307
Due to related parties 3,822 (892,828) 93,612
Deferred income 0 (291,094) 1,237,708
Net Cash from Operating Activities 0 32,531,933 21,879,409
Cash Flows from Investing Activities:      
Acquisition of vessels, attached intangibles and related capital expenditures 0 (62,413,713) (328,521,029)
Other fixed assets acquired 0 (6,842) (293,080)
Increase in restricted cash 0 0 (10,000,000)
Net Cash used in Investing Activities 0 (62,420,555) (338,814,109)
Cash Flows from Financing Activities:      
Proceeds from long-term debt 0 25,000,000 204,250,000
Proceeds from long-term loan from a related party 0 0 30,000,000
Repayment of long-term debt 0 (18,950,000) (8,050,000)
Repayment of long-term loan from a related party 0 (1,000,000) (15,000,000)
Payment of financing costs 0 (327,820) (2,581,410)
Proceeds from the issuance of common shares 0 28,539,005 123,182,340
Proceeds from the issuance of preferred shares 0 38,499,990 0
Payment of other offering costs 0 (573,493) (467,475)
Redemption of preferred shares 0 (20,779,230) 0
Dividends paid on common shares 0 (19,758,523) (7,248,600)
Dividends paid on preferred shares 0 (770,010) 0
Net Cash from Financing Activities 0 29,879,919 324,084,855
Net increase / (decrease) in cash and cash equivalents 0 (8,703) 7,150,155
Cash and cash equivalents at the beginning of the period / year 0 7,150,155 0
Cash and cash equivalents at the end of the period / year 0 7,141,452 7,150,155
Supplemental disclosure of cash flow information      
Cash paid during the period / year for interest 0 7,221,373 3,281,283
Non cash Financing and Investing activities:      
Dividends on preferred shares 0 468,506 0
Non-cash financing activities (represent offering costs) 425,142 0 1,070,763
Fair value consideration of shares issued for vessels acquisitions $ 0 $ 0 $ 54,454,373