| Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||
Net loss | ||||||||||||||
-12,225 | -8,577 | -5,172 | -3,829 | -4,639 | -1,854 | -2,167 | -3,687 | -4,799 | 5,496 | 6,739 | 5,365 | 13,601 | 7,920 | 5,067 |
Non-cash items: | ||||||||||||||
Depreciation | ||||||||||||||
8,910 | 8,771 | 8,661 | 8,645 | 8,638 | 8,539 | 8,446 | 8,513 | 7,340 | 7,185 | 7,051 | 6,905 | 6,629 | 5,713 | 4,908 |
Amortization of deferred drydock expenditure | ||||||||||||||
943 | 818 | 832 | 952 | 771 | 586 | 613 | 665 | 771 | 684 | 593 | 503 | 447 | 607 | 562 |
Share based compensation | ||||||||||||||
631 | 631 | 38 | 114 | 114 | 114 | 114 | 325 | 325 | 332 | 320 | 362 | 360 | 362 | 352 |
Amortization of deferred finance fees | ||||||||||||||
- | - | 592 | - | - | - | 607 | 1,342 | 600 | 871 | 600 | 523 | 490 | 396 | 301 |
Changes in operating assets and liabilities: | ||||||||||||||
Receivables, trade | ||||||||||||||
3,334 | -2,472 | -243 | -1,519 | 753 | 1,215 | 3,666 | 1,678 | 1,581 | -357 | -5,943 | 4,333 | 5,411 | 3,734 | 7,724 |
Working capital advances | ||||||||||||||
-2,000 | -1,100 | 0 | -350 | 0 | 0 | 150 | 200 | 75 | -450 | 0 | 230 | 1,770 | 0 | 975 |
Prepayments | ||||||||||||||
128 | -567 | 466 | 398 | -17 | -29 | 257 | -266 | 164 | -224 | 87 | -639 | 521 | 889 | -413 |
Advances and deposits | ||||||||||||||
-597 | 191 | -637 | -2,003 | 473 | 474 | 935 | -3,345 | 1,293 | 182 | 1,494 | 933 | -1,849 | 562 | 812 |
Other receivables | ||||||||||||||
-520 | 265 | 1,198 | 0 | 0 | 0 | -82 | 59 | -0 | -0 | 0 | -21 | -304 | -339 | 52 |
Inventories | ||||||||||||||
2,285 | 1,569 | 1,286 | 481 | 1,469 | -290 | 631 | 751 | 1,836 | 451 | 330 | -158 | -100 | 410 | 1,331 |
Payables, trade | ||||||||||||||
4,942 | 1,684 | 2,105 | -1,685 | 884 | 2,917 | -459 | 3,209 | 2,522 | -936 | -2,829 | 3,046 | -522 | 392 | 2,528 |
Charter revenue received in advance | ||||||||||||||
0 | 0 | 0 | 0 | 0 | 0 | -507 | -1,101 | -526 | -433 | 1,377 | -669 | -724 | 2,090 | -1,047 |
Other payables | ||||||||||||||
20 | -660 | 699 | -44 | 16 | 14 | 14 | -106 | -30 | 35 | -38 | -98 | -175 | -33 | -195 |
Accrued interest on loans | ||||||||||||||
42 | 136 | 75 | -381 | 14 | -110 | -51 | 168 | 594 | -829 | 381 | 262 | 181 | 282 | 144 |
Deferred drydock expenditure | ||||||||||||||
2,359 | 1,054 | 764 | 943 | 1,528 | 1,091 | 246 | 200 | 676 | 1,600 | 621 | 1,579 | 705 | 73 | 956 |
Net cash provided by operating activities | ||||||||||||||
- | - | - | - | - | - | - | - | - | 10,752 | 17,605 | - | 14,404 | 12,399 | 1,182 |
Net cash provided by operating activities | ||||||||||||||
-2,409 | 4,882 | 4,999 | 6,457 | 2,236 | 8,916 | 805 | - | - | - | - | - | - | - | - |
INVESTING ACTIVITIES | ||||||||||||||
Payments for acquisition of vessels and equipment | ||||||||||||||
1,295 | 5 | 15,261 | 113 | 92 | 34 | 131 | 28,478 | 145,264 | -30 | 299 | 63,505 | 40,908 | 49,599 | 78,484 |
Payments for vessels under construction | ||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 3,953 | 3,274 | 15,864 |
Payments for leasehold improvements | ||||||||||||||
0 | -0 | 52 | 0 | -0 | 0 | 12 | 37 | 9 | -18 | 502 | - | - | 0 | 0 |
Payments for other non-current assets | ||||||||||||||
44 | 15 | 73 | 85 | 74 | 77 | 24 | 78 | 98 | 48 | 198 | 68 | 242 | 7 | 33 |
Net cash (used in) / provided by investing activities | ||||||||||||||
- | - | - | - | - | - | - | - | - | 20,362 | -1,000 | - | -45,103 | -52,880 | -94,383 |
Net cash used in investing activities | ||||||||||||||
-1,340 | -20 | -15,387 | -1,834 | -167 | -112 | -168 | - | - | - | - | - | - | - | - |
FINANCING ACTIVITIES | ||||||||||||||
Proceeds from long-term debt | ||||||||||||||
- | - | - | - | - | - | - | 17,374 | 90,626 | 0 | 2,010 | 41,762 | 41,762 | 69,135 | 63,830 |
Repayments of long-term debt | ||||||||||||||
8,997 | 39,038 | 10,667 | 10,140 | 10,140 | 31,140 | 11,270 | 22,509 | 9,421 | 9,421 | 855 | 6,844 | 7,148 | 5,912 | 4,848 |
Proceeds from finance leases | ||||||||||||||
0 | 40,500 | 16,100 | 1 | 0 | 33,118 | 0 | - | - | - | - | - | - | - | - |
Repayments of finance leases | ||||||||||||||
2,216 | 1,246 | 1,119 | 666 | 788 | 545 | 59 | 0 | 0 | 26,653 | 443 | 445 | 437 | 418 | 400 |
Payments for deferred finance fees | ||||||||||||||
405 | 324 | 322 | 3 | 140 | 662 | 20 | 261 | 1,611 | 52 | 4,110 | 62 | 268 | 725 | 577 |
Net proceeds from equity offering | ||||||||||||||
-151 | 5,168 | 2,224 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Repurchase of common stock | ||||||||||||||
- | - | - | - | - | - | - | 0 | 0 | 0 | 2,993 | 0 | 0 | 0 | 0 |
Payment of dividend | ||||||||||||||
- | - | - | - | - | - | - | -26 | 3,054 | 3,448 | 2,851 | 6,798 | 1,790 | 1,793 | 2,598 |
Net cash (used in) / provided by financing activities | ||||||||||||||
- | - | - | - | - | - | - | - | - | 24,543 | -9,244 | - | 32,117 | 60,285 | 55,405 |
Net cash provided by / (used in) financing activities | ||||||||||||||
-10,869 | 7,744 | 6,214 | -10,979 | -11,069 | 770 | -11,350 | - | - | - | - | - | - | - | - |
Net decrease in cash and cash equivalents | ||||||||||||||
-14,619 | 12,606 | -4,173 | -6,356 | -9,000 | 9,574 | -10,713 | 2,982 | -50,158 | 55,658 | 7,361 | -3,196 | 1,418 | 19,804 | -37,795 |