| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Revenues | ||||||||
Voyage revenue | ||||||||
45,117 | 29,789 | 39,656 | 42,586 | 40,850 | 54,921 | 64,129 | 54,422 | 66,215 |
Related party revenue | ||||||||
240 | 240 | 240 | 240 | 240 | 240 | 240 | - | - |
Commissions (including $134,085 and $238,016, respectively, to related party) | ||||||||
2,440 | 1,604 | 2,216 | 2,192 | 1,936 | 2,673 | 2,972 | 1,944 | 2,433 |
Net revenue, continuing operations | ||||||||
42,917 | 28,424 | 37,679 | - | - | - | - | - | - |
Net revenue | ||||||||
- | - | - | 40,634 | 39,153 | 52,487 | 61,396 | 52,478 | 63,781 |
Operating expenses | ||||||||
Voyage expenses | ||||||||
3,960 | 1,291 | 2,312 | 3,963 | 1,537 | 1,329 | 777 | 1,596 | 1,510 |
Vessel operating expenses (including $75,770 and $95,380, respectively, to related party) | ||||||||
21,911 | 18,161 | 25,204 | 25,279 | 25,191 | 25,075 | 26,249 | 21,507 | 23,763 |
Other operating income | ||||||||
499 | 0 | 0 | - | - | - | - | - | - |
Dry-docking expenses | ||||||||
698 | 2,204 | 1,912 | 1,975 | 3,816 | 1,616 | 3,148 | 6,537 | 1,912 |
Vessel depreciation | ||||||||
8,372 | 8,788 | 10,995 | 12,137 | 19,983 | 17,385 | 18,348 | 17,979 | 19,092 |
Related party management fees | ||||||||
4,042 | 3,179 | 4,151 | 4,894 | 4,891 | 4,984 | 5,810 | 4,892 | 5,074 |
Gain on sale of vessel (including $53,871 and $64,500 to related party) | ||||||||
803 | 10 | 461 | 0 | -1,935 | -8,568 | - | - | -8,959 |
Loss on termination of newbuilding contracts | ||||||||
0 | 7,050 | 0 | 0 | - | - | - | - | - |
Other general and administrative expenses (including $707,673 and $936,126, respectively, to related party) | ||||||||
3,419 | 3,472 | 3,327 | 3,514 | 3,542 | 3,661 | 2,986 | 3,026 | 3,640 |
Loss on termination and impairment of shipbuilding contracts | ||||||||
0 | 7,050 | 0 | 0 | - | - | - | - | - |
Loss on write-down of vessels held for sale (including $28,055, $29,469 and $0, respectively, to related party) | ||||||||
4,595 | 5,924 | 1,641 | 3,500 | 78,207 | - | - | - | - |
Other operating income | ||||||||
- | - | - | - | - | 254 | - | - | - |
Other income (Note 20) | ||||||||
- | - | - | - | - | - | 735 | 2,352 | 103 |
Total operating expenses, continuing operations | ||||||||
45,698 | 50,062 | 49,083 | 55,264 | 139,105 | 62,365 | 56,584 | 53,187 | 63,759 |
Operating (loss) / income, continuing operations | ||||||||
-2,781 | -21,638 | -11,403 | -14,630 | -99,952 | -9,878 | 4,811 | -709 | 22 |
Other income/(expenses) | ||||||||
Interest and other financing costs | ||||||||
3,372 | 2,531 | 1,486 | 2,152 | 1,845 | 1,977 | 2,191 | 1,498 | 1,437 |
Gain (loss) on derivatives | ||||||||
61 | -119 | -261 | -44 | -177 | -637 | -1,498 | - | - |
Realized gain on investments | ||||||||
- | - | - | - | - | - | - | - | 411 |
Gain on trading securities | ||||||||
- | - | - | - | - | 20 | -235 | -173 | -5 |
Other investment income | ||||||||
0 | 1,024 | 1,212 | 987 | 196 | - | - | - | - |
Impairment of other investment | ||||||||
0 | 4,421 | 0 | 0 | - | - | - | - | - |
Loss on derivatives, net | ||||||||
- | - | - | - | - | - | - | -4,221 | -15,778 |
Foreign exchange loss | ||||||||
-40 | -41 | 22 | 40 | -10 | 8 | -17 | -3 | 36 |
Interest income | ||||||||
37 | 22 | 26 | 422 | 387 | 484 | 248 | 538 | 1,123 |
Other expenses, net, continuing operations | ||||||||
-3,313 | -6,066 | -486 | -746 | -1,449 | -2,101 | -3,693 | -5,357 | -15,649 |
Loss per share attributable to common shareholders - basic and diluted (in dollars per share) | ||||||||
-0.71 | -5.63 | -2.45 | -3.53 | -22.76 | -0.34 | - | - | - |
Weighted average number of shares outstanding, basic & diluted (in shares) | ||||||||
11,067 | 8,165 | 6,410 | 5,479 | 4,544 | 38,950 | - | - | - |
Equity loss in joint venture | ||||||||
0 | -2,444 | -2,158 | -2,541 | -2,023 | -1,219 | -2 | -538 | - |
Impairment in joint venture | ||||||||
0 | 14,071 | 0 | 0 | - | - | - | - | - |
Net loss | ||||||||
-6,094 | -44,221 | -14,047 | -17,918 | -103,424 | -13,198 | 1,115 | -6,605 | -15,627 |
Dividends to Series B preferred shares | ||||||||
1,808 | 1,725 | 1,639 | 1,440 | - | - | - | - | - |
Net loss attributable to common shareholders | ||||||||
-7,903 | -45,946 | -15,687 | -19,359 | -103,424 | -13,198 | - | - | - |
Earnings/(Loss) per share - basic (Note 14) (in Dollars per share) | ||||||||
- | - | - | - | - | - | 0.04 | -0.21 | -0.51 |
Weighted average number of shares outstanding during the year, basic (Note 14) (in Shares) | ||||||||
- | - | - | - | - | - | 31,794 | 31,636 | 30,648 |
(Loss)/Earnings per share - diluted (Note 14) (in Dollars per share) | ||||||||
- | - | - | - | - | - | 0.04 | -0.21 | -0.51 |
Weighted average number of shares outstanding during the year, diluted (Note 14) (in Shares) | ||||||||
- | - | - | - | - | - | 31,846 | 31,636 | 30,648 |