| Sep'18 | Dec'17 | Sep'17 | Mar'17 | Dec'16 | Dec'15 | Dec'14 |
|---|---|---|---|---|---|---|
ASSETS | ||||||
CURRENT ASSETS: | ||||||
Cash and cash equivalents | ||||||
7,383 | 1,693 | 604 | 465 | 783 | 4,122 | 500 |
Restricted cash, current portion | ||||||
0 | 141 | 142 | 142 | 143 | 143 | 147 |
Inventories | ||||||
1,920 | 1,016 | 808 | 1,063 | 1,173 | 583 | 904 |
Trade accounts receivable, net | ||||||
2,077 | 703 | 1,083 | 2,968 | 1,681 | 455 | 1,203 |
Prepayments and other assets | ||||||
587 | 342 | 261 | 402 | 404 | 725 | 618 |
Total current assets | ||||||
11,967 | 3,895 | 2,898 | 5,040 | 4,184 | 6,028 | 3,372 |
FIXED ASSETS, NET: | ||||||
Advances for vessel acquisition (Note 5) | ||||||
- | - | - | - | - | - | 13,728 |
Vessels, net | ||||||
110,112 | 115,774 | 117,177 | 119,968 | 121,341 | 130,501 | 103,717 |
Total fixed assets, net | ||||||
110,112 | 115,774 | 117,177 | 119,968 | 121,341 | 130,501 | 117,445 |
OTHER NON-CURRENT ASSETS: | ||||||
Restricted cash, net of current portion | ||||||
3,490 | 4,859 | 4,858 | 4,858 | 4,857 | 4,357 | 1,000 |
Financial derivative instrument | ||||||
59 | 0 | - | - | - | - | - |
Deferred charges, net | ||||||
784 | 285 | 304 | 340 | 358 | 836 | 122 |
Total other non-current assets | ||||||
4,333 | 5,144 | 5,162 | 5,198 | 5,215 | 5,193 | 1,122 |
Total assets | ||||||
126,412 | 124,813 | 125,237 | 130,206 | 130,740 | 141,722 | 121,939 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||
CURRENT LIABILITIES: | ||||||
Current portion of long-term debt, net of deferred financing costs, current | ||||||
4,227 | 7,304 | 7,059 | 6,717 | 6,813 | 7,095 | 5,529 |
Trade accounts payable | ||||||
6,276 | 2,293 | 2,705 | 3,115 | 3,115 | 1,103 | 571 |
Due to related parties | ||||||
7,471 | 2,125 | 5,777 | 5,024 | 1,953 | 121 | 131 |
Hire collected in advance | ||||||
- | - | 802 | 446 | 415 | 2,129 | 479 |
Accrued and other liabilities | ||||||
839 | 809 | 690 | 724 | 574 | 752 | 337 |
Total current liabilities | ||||||
18,813 | 12,531 | 17,033 | 16,026 | 12,870 | 11,200 | 7,047 |
NON-CURRENT LIABILITIES: | ||||||
Long-term debt, net of current portion and deferred financing costs, non-current | ||||||
59,217 | 59,126 | 60,745 | 64,630 | 66,617 | 73,456 | 60,991 |
Promissory note | ||||||
5,000 | 5,000 | 2,500 | 2,500 | 2,500 | 2,500 | - |
Total non-current liabilities | ||||||
64,217 | 64,126 | 63,245 | 67,130 | 69,117 | 75,956 | 60,991 |
COMMITMENTS AND CONTINGENCIES | ||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 |
STOCKHOLDERS' EQUITY: | ||||||
Preferred stock ($0.001 par value; 50,000,000 shares authorized; none issued) | ||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common stock ($0.001 par value; 450,000,000 shares authorized; 20,877,893 shares issued and outstanding at each of December 31, 2017 and September 30, 2018) | ||||||
21 | 21 | 18 | 18 | 18 | 18 | - |
Additional paid-in capital | ||||||
74,766 | 74,766 | 70,123 | - | 70,123 | - | - |
Additional paid-in capital | ||||||
- | - | - | 70,123 | - | 70,123 | 72,981 |
Accumulated deficit | ||||||
-31,405 | -26,631 | -25,182 | -23,091 | -21,388 | -15,575 | -19,080 |
Total stockholders' equity | ||||||
43,382 | 48,156 | 44,959 | 47,050 | 48,753 | 54,566 | 53,901 |
Total liabilities and stockholders' equity | ||||||
126,412 | 124,813 | 125,237 | 130,206 | 130,740 | 141,722 | 121,939 |