| Dec'13 | ||||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | ||||||
Net Loss | ||||||
-70 | ||||||
Reconciliation of Net Loss to Net Cash (Used In) Provided by Operating Activities | ||||||
Depreciation Costs | ||||||
262 | ||||||
Amortization of Deferred Finance Costs | ||||||
0 | ||||||
Overhaul of Engines Costs and Dry-dock | ||||||
0 | ||||||
Interest on time deposit | ||||||
0 | ||||||
Foreign currency loss | ||||||
0 | ||||||
Changes in Operating Assets and Liabilities | ||||||
Accounts Receivables | ||||||
1,160 | ||||||
Inventory | ||||||
319 | ||||||
Prepaid and Other Current Assets | ||||||
554 | ||||||
Accounts Payable, Accrued Liabilities and Tax Payable | ||||||
720 | ||||||
Accounts Payable, Related Party | ||||||
576 | ||||||
Cash Flows from Investing Activities | ||||||
Net Cash (Used In) Provided by Operating Activities | ||||||
-545 | ||||||
Investment in Vessels | ||||||
133,027 | ||||||
Investment in Vessels | ||||||
133,027 | ||||||
Deposits on Contracts paid | ||||||
0 | ||||||
Cash placement in time deposit | ||||||
0 | ||||||
Cash proceeds from time deposit | ||||||
0 | ||||||
Net Cash Used in Investing Activities | ||||||
-133,027 | ||||||
Cash Flows from Financing Activities | ||||||
Proceeds from Issuance of Common Stock | ||||||
243,391 | ||||||
Proceeds from Use of Credit Facility | ||||||
0 | ||||||
Repayments on Credit Facility | ||||||
0 | ||||||
Credit Facility Costs | ||||||
0 | ||||||
Repurchase of Treasury Stock | ||||||
0 | ||||||
Dividends Paid | ||||||
0 | ||||||
Net Cash Provided by Financing Activities | ||||||
243,391 | ||||||
Net (Decrease)/Increase in Cash and Cash Equivalents | ||||||
109,819 | ||||||
Effect of Exchange Rate Changes on Cash and Cash Equivalents | ||||||
0 | ||||||
Cash Paid for Interest, Net of Amounts Capitalized | ||||||
0 | ||||||
Cash Paid for Tax | ||||||
0 | ||||||