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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 123,117 $ 76,428
Time deposits 54,000 46,500
Accounts receivable, trade 3,294 6,126
Due from related parties (Note 2(c) and (e)) 181 216
Inventories 4,640 4,545
Prepaid expenses and other assets 9,582 6,749
Total Current Assets 194,814 140,564
Fixed Assets:    
Advances for vessel acquisitions (Note 3) 0 24,123
Vessels, net (Note 3) 935,664 949,616
Property and equipment, net (Note 4) 22,948 22,963
Total fixed assets 958,612 996,702
Other Noncurrent Assets    
Restricted cash, non-current (Note 5) 20,500 21,000
Equity method investments (Note 2(c) and (e)) 5,269 506
Investments in related party (Note 2(d)) 7,744 7,744
Other non-current assets 510 101
Deferred costs 16,434 16,302
Total Non-current Assets 50,457 45,653
Total Assets 1,203,883 1,182,919
Current Liabilities    
Current portion of long-term debt, net of deferred financing costs (Note 5) 49,428 91,495
Current portion of finance liabilities, net of deferred financing costs (Note 6) 9,020 8,802
Accounts payable 10,282 11,242
Due to related parties (Note 2(a)) 195 136
Accrued liabilities 11,383 12,134
Deferred revenue 5,780 7,758
Dividends payable 15,965 0
Total Current Liabilities 102,053 131,567
Non-current Liabilities    
Long-term debt, net of current portion and deferred financing costs (Note 5) 485,895 431,016
Finance liabilities, net of current portion and deferred financing costs (Note 6) 127,591 132,129
Other non-current liabilities 956 879
Total Noncurrent Liabilities 614,442 564,024
Commitments and contingencies (Note 7)
Stockholders' Equity    
Preferred stock (Note 8) 26 26
Common stock, $0.01 par value; 200,000,000 shares authorized and 106,437,232 and 102,653,619 issued and outstanding on June 30, 2023 and December 31, 2022, respectively (Note 8) 1,065 1,027
Additional paid in capital 1,073,536 1,061,015
Accumulated other comprehensive income 253 253
Accumulated deficit (587,492) (574,993)
Total Stockholders' Equity 487,388 487,328
Total Liabilities and Stockholders' Equity $ 1,203,883 $ 1,182,919