| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-5,243 | -5,813 | 3,505 | -19,243 | 1,592 | ||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation | ||||||
5,567 | 5,768 | 5,710 | 5,446 | 4,520 | ||
Amortization of special survey costs | ||||||
-73 | -236 | -174 | 203 | 157 | ||
Amortization and write-off of financing costs | ||||||
153 | 164 | 173 | 136 | 193 | ||
Vessel impairment charge | ||||||
0 | 3,998 | 0 | 16,930 | - | ||
Stock compensation | ||||||
355 | 0 | 143 | - | - | ||
Bad debt provisions | ||||||
-231 | 0 | 0 | - | - | ||
Changes in assets and liabilities: | ||||||
Inventories | ||||||
-157 | 590 | -321 | 482 | 90 | ||
Trade accounts receivable, net | ||||||
-747 | 1,226 | -748 | 131 | 674 | ||
Prepayments and other assets | ||||||
-62 | -321 | 107 | 217 | 121 | ||
Special surveys cost | ||||||
0 | 364 | 888 | 469 | - | ||
Trade accounts payable | ||||||
-858 | 2,012 | 532 | 328 | -256 | ||
Due to related parties | ||||||
2,672 | 1,832 | -10 | 3,353 | -412 | ||
Hire collected in advance | ||||||
-415 | -1,714 | 1,650 | -421 | - | ||
Hire collected in advance | ||||||
- | - | - | - | 900 | ||
Accrued and other liabilities | ||||||
176 | -178 | 415 | -71 | 183 | ||
Net cash provided by operating activities | ||||||
3,677 | 4,446 | 12,366 | 5,362 | 5,992 | ||
Cash flow from investing activities: | ||||||
Advances for vessel acquisition | ||||||
0 | 0 | 18,766 | 6,923 | 29,389 | ||
Additions to vessel cost | ||||||
- | - | - | 233 | - | ||
Net cash provided by / (used in) investing activities | ||||||
0 | 0 | -18,766 | -7,156 | -29,389 | ||
Cash flows from financing activities: | ||||||
Proceeds from long-term debt | ||||||
0 | 0 | 21,000 | - | 34,800 | ||
Repayment of long-term debt | ||||||
6,963 | 7,263 | 6,863 | 6,183 | 17,801 | ||
Issuance of promissory note | ||||||
0 | 0 | 2,500 | - | - | ||
Proceeds from issuance of common stock | ||||||
4,800 | 0 | 10 | - | - | ||
Common stock offering costs | ||||||
-414 | 0 | 0 | - | - | ||
Change in restricted cash | ||||||
0 | -500 | -3,500 | - | -887 | ||
Paid-in capital re-imbursement | ||||||
0 | 0 | 1,248 | - | - | ||
Proceeds from equity contributions | ||||||
- | - | - | 6,424 | 22,247 | ||
Paid-in capital re-imbursement / distribution | ||||||
- | - | - | - | 13,457 | ||
Payment of financing costs | ||||||
190 | 22 | 279 | - | - | ||
Expenses for Merger | ||||||
0 | 0 | 1,745 | - | - | ||
Net cash (used in) / provided by financing activities | ||||||
-2,767 | -7,785 | 9,875 | 241 | 24,902 | ||
Net increase / (decrease) in cash and cash equivalents | ||||||
910 | -3,339 | 3,475 | -1,553 | 1,505 | ||
Cash paid for interest, net of amounts capitalized | ||||||
2,549 | 2,779 | 2,191 | 1,788 | 1,307 | ||
Non-cash financing activities increase in promissory note | ||||||
2,500 | 0 | 0 | - | - | ||