| Dec'17 | Dec'16 | Sep'16 | Dec'15 | Sep'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
ASSETS | ||||||
Current Assets | ||||||
Cash and Cash Equivalents | ||||||
31,506 | 2,953 | 3,667 | 5,339 | 7,432 | 46,398 | 109,819 |
Accounts Receivable, net | ||||||
2,096 | 1,490 | 2,215 | 3,975 | 3,714 | 3,103 | 1,160 |
Prepaid Expenses | ||||||
1,274 | 1,129 | 1,273 | 385 | 275 | 350 | 191 |
Inventory | ||||||
1,510 | 1,240 | 1,441 | 794 | 930 | 235 | 319 |
Other Current Assets | ||||||
690 | 1,097 | 974 | 4,072 | 3,590 | 1,657 | 516 |
Total Current Assets | ||||||
37,076 | 7,909 | 9,570 | 14,565 | 15,941 | 51,743 | 112,005 |
Non-Current Assets | ||||||
Vessels, net | ||||||
350,635 | 366,945 | 371,187 | 313,642 | - | - | - |
Vessels, Net | ||||||
- | - | - | - | 317,519 | 255,043 | 132,765 |
Deposit on Contracts for vessels | ||||||
- | - | 0 | 7,993 | 7,962 | 15,176 | 0 |
Other Non-Current Assets | ||||||
- | - | - | - | 1,256 | 459 | 612 |
Total Non-Current Assets | ||||||
350,635 | 366,945 | 371,187 | 321,635 | 326,737 | 270,678 | 133,377 |
Total Assets | ||||||
387,711 | 374,854 | 380,757 | 336,200 | 342,677 | 322,421 | 245,382 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||
Current Liabilities | ||||||
Accounts Payable | ||||||
317 | 301 | 497 | 641 | 1,115 | 882 | 646 |
Accounts Payable, related party | ||||||
728 | 581 | 633 | 596 | 511 | 673 | 576 |
Accrued Liabilities | ||||||
1,764 | 2,210 | 2,192 | 5,286 | 1,244 | 424 | 839 |
Taxes Payable | ||||||
0 | 997 | 997 | 1,212 | 1,212 | 1,212 | 0 |
Other Current Liabilities | ||||||
- | - | - | - | 3,577 | - | - |
Total Current Liabilities | ||||||
2,809 | 4,089 | 4,319 | 7,735 | 7,659 | 3,191 | 2,061 |
Long-Term Debt | ||||||
136,552 | 136,193 | 131,103 | 45,833 | 42,000 | 0 | - |
Other Non-Current Liabilities | ||||||
77 | 375 | 685 | 1,775 | 2,147 | 0 | - |
Total Non-Current Liabilities | ||||||
136,629 | 136,568 | 131,788 | 47,608 | 44,147 | 0 | 0 |
Commitments and Contingencies | ||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 |
SHAREHOLDERS' EQUITY | ||||||
Preferred shares, par value $0.01 per Share, 50,000,000 and 50,000,000 shares authorized, none issued at December 31, 2017 and December 31, 2016 respectively | ||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common shares, par value $0.01 per Share; 200,000,000 and 200,000,000 shares authorized, 64,731,370 shares issued, 61,986,847 outstanding and 2,744,523 treasury shares at December 31, 2017 and 23,431,370 shares issued, 20,686,847 outstanding and 2,744,523 treasury shares at December 31, 2016 | ||||||
647 | 234 | 234 | 234 | 234 | 234 | 167 |
Additional Paid-In Capital | ||||||
319,947 | 276,957 | 277,578 | 291,467 | - | 318,996 | - |
Treasury Shares | ||||||
- | - | - | - | 3,451 | - | - |
Additional Paid-in Capital | ||||||
- | - | - | - | 300,495 | - | 243,224 |
Accumulated Deficit | ||||||
-72,321 | -42,995 | -33,162 | -10,844 | -6,407 | 0 | -70 |
Total Shareholders' Equity | ||||||
248,273 | 234,196 | 244,650 | 280,857 | 290,871 | 319,230 | 243,321 |
Total Liabilities and Shareholders' Equity | ||||||
387,711 | 374,854 | 380,757 | 336,200 | 342,677 | 322,421 | 245,382 |