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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents (Note 2(e)) $ 110,288 $ 62,909
Accounts receivable, trade 2,832 5,235
Due from related parties, net of provision for credit losses (Notes 2(y), 4(d) and 8(b)) 952 1,196
Inventories (Note 2(g)) 6,089 4,717
Prepaid expenses and other assets 5,484 7,243
Vessel held for sale (Note 5)   23,361
Total current assets 125,645 104,661
FIXED ASSETS:    
Advances for vessel acquisitions (Note 5) 16,287  
Vessels, net (Note 5) 643,450 716,178
Property and equipment, net (Note 6) 22,842 21,704
Total fixed assets 682,579 737,882
OTHER NON-CURRENT ASSETS:    
Restricted cash (Notes 2(e) and 7) 16,500 20,000
Investments in related parties (Note 4(h)) 7,644  
Other non-current assets 1,455 719
Deferred charges, net (Note 2(m)) 8,127 9,148
Total assets 841,950 872,410
CURRENT LIABILITIES:    
Current portion of long-term debt, net of deferred financing costs, current (Note 7) 41,148 39,217
Accounts payable, trade and other 9,777 8,558
Due to related parties (Note 4(a), (d) and (h)) 596 484
Accrued liabilities 7,878 10,488
Deferred revenue (Note 2(p)) 5,732 2,842
Total current liabilities 65,131 61,589
Long-term debt, net of current portion and deferred financing costs, non-current (Note 7) 382,527 381,097
Other non-current liabilities 1,097 1,154
Commitments and contingencies (Note 8)
STOCKHOLDERS' EQUITY:    
Preferred stock (Note 9(a)) 26 26
Common stock, $0.01 par value; 200,000,000 shares authorized and 84,672,258 and 89,275,002 issued and outstanding at December 31, 2021 and 2020, respectively (Notes 9(e) and (g)) 847 893
Additional paid-in capital 982,537 1,020,164
Accumulated other comprehensive income 71 69
Accumulated deficit (590,286) (592,582)
Total stockholders' equity 393,195 428,570
Total liabilities and stockholders' equity $ 841,950 $ 872,410