Condensed Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended	9 Months Ended
Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Revenues	$ 6,291	$ 10,898	$ 20,188	$ 30,355
Operating expenses:
Voyage expenses	254	183	686	(123)
Voyage expenses to Parent	82	139	260	389
Vessel operating expenses	4,281	4,047	12,474	11,754
General, administrative, and technical management fees	1,069	1,269	3,525	4,315
Management fees to Parent	621	621	1,850	1,843
Depreciation	3,724	3,724	11,090	11,045
Total operating expenses	10,031	9,983	29,885	29,223
Operating (loss) income	(3,740)	915	(9,697)	1,132
Other (expense) income:
Other (expense) income	(15)	4	(22)	(31)
Interest income	1	1	4	5
Interest expense	(1,064)	(1,105)	(3,201)	(3,316)
Other expense, net	(1,078)	(1,100)	(3,219)	(3,342)
Loss before income taxes	(4,818)	(185)	(12,916)	(2,210)
Income tax expense	(4)	(9)	(26)	(31)
Net loss	$ (4,822)	$ (194)	$ (12,942)	$ (2,241)
Net loss per share of common and Class B Stock:
Net loss per share-basic (in dollars per share)	$ (0.22)	$ (0.01)	$ (0.58)	$ (0.10)
Net loss per share-diluted (in dollars per share)	$ (0.22)	$ (0.01)	$ (0.58)	$ (0.10)
Dividends declared and paid per share of common and Class B Stock (in dollars per share)	$ 0.05	$ 0.10	$ 0.23	$ 0.33

This element represents total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the transport and shipping business of the company. Management fees includes expenses to third-party technical management companies for the day-to-day management of our vessels, including performing routine maintenance, attending to vessel operations and arranging for crews and supplies.

No definition available.