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UNAUDITED INTERIM CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 3,519,688 $ 1,887,280
Accounts receivable trade 497,367 670,973
Due from related party 371,199 176,434
Inventories 112,819 57,530
Prepaid expenses and other current assets 159,215 55,200
Deferred Charges 39,643 0
Total current assets 4,699,931 2,847,417
NON-CURRENT ASSETS:    
Vessels, net of accumulated depreciation of $297,768 and $252,899, respectively 13,709,427 6,995,350
Deferred charges, net of accumulated amortization of $409,296 and $299,268, respectively 41,802 341,070
Total non-current assets 13,751,229 7,336,420
Total assets 18,451,160 10,183,837
CURRENT LIABILITIES:    
Accounts payable 260,385 244,371
Unearned revenue 83,715 47,708
Accrued liabilities (including $0 and $1,140 respectively, to related party ) 475,059 140,734
Total current liabilities 819,159 432,813
NON-CURRENT LIABILITIES:    
Related party debt 5,000,000 0
Total non-current liabilities 5,000,000 0
Commitments and contingencies
SHAREHOLDERS' EQUITY:    
Common shares, $0.001 par value; 1,950,000,000 shares authorized; 2,400,000 and 3,018,112 shares issued and outstanding as of December 31, 2018 and September 30, 2019, respectively 3,018 2,400
Additional paid-in capital 9,931,666 7,612,108
Retained earnings 2,696,825 2,136,024
Total shareholders' equity 12,632,001 9,751,024
Total liabilities and shareholders' equity 18,451,160 10,183,837
Series A Preferred Shares [Member]    
SHAREHOLDERS' EQUITY:    
Preferred shares 480 480
Series B Preferred Shares [Member]    
SHAREHOLDERS' EQUITY:    
Preferred shares $ 12 $ 12