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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 6,412 $ 13,801
Accounts receivable trade 1,437 252
Due from related parties $ 0 $ 142
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Inventories $ 650 $ 664
Prepaid expenses 601 546
Vessel held for sale 14,880 0
Other current assets 503 3,685
Total current assets 24,483 19,090
Fixed assets:    
Vessels, net 110,589 104,819
Right-of-use assets 27,560 47,706
Total fixed assets 138,149 152,525
Other non-current assets:    
Restricted cash, non-current 350 700
Other non-current assets 1,155 0
Equity method investment 3,588 0
Deferred charges and other investments, non-current 4,348 2,490
TOTAL ASSETS 172,073 174,805
Current liabilities:    
Current portion of long-term debt and other financial liabilities, net of deferred finance costs and debt discounts of $723 and $566, respectively 17,650 8,691
Finance lease liabilities, current 2,032 31,420
Due to related parties $ 7,271 $ 450
Other Liability, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Trade accounts and other payables $ 1,823 $ 3,308
Accrued liabilities 2,682 8,045
Deferred revenue 1,395 527
Dividends payable 663 652
Total current liabilities 33,516 53,093
Non-current liabilities:    
Long-term debt and other financial liabilities, net of current portion and deferred finance costs and debt discounts of $989 and $742, respectively 61,103 55,843
Finance lease liabilities, non-current 16,938 0
Other liabilities, non-current 428 0
Total liabilities 111,985 108,936
Commitments and contingencies
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value; 100,000,000 shares authorized; 40,000 Series B preferred shares issued and outstanding as at December 31, 2024 and 2023, respectively 0 0
Common stock, $0.0001 par value; 2,000,000,000 authorized shares as at December 31, 2024 and 2023; 8,844,267 and 8,694,630 shares issued and outstanding as at December 31, 2024 and 2023, respectively 1 1
Additional paid-in capital 39,176 38,916
Accumulated other comprehensive loss (4) 0
Retained earnings 20,915 26,952
Total Stockholders' equity 60,088 65,869
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 172,073 $ 174,805