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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 12,950 $ 15,072
Restricted cash, current (Note 7 and Note 18) 9,326 4,159
Trade accounts receivable, net (Note16) 5,969 4,762
Inventories (Note 4) 3,613 3,867
Due from managers 81 70
Due from related parties (Note 3) 147 0
Prepaid expenses and other receivables 5,877 3,467
Total Current Assets 37,963 31,397
FIXED ASSETS    
Vessels and other fixed assets, net (Note 5) 291,207 638,532
Total Fixed Assets 291,207 638,532
OTHER NON-CURRENT ASSETS    
Deferred finance charges, net 1,636 1,776
Restricted cash, non-current (Note 7 and Note 18) 9,570 25,524
Fair value of above market acquired time charter (Note 6) 14,330 20,699
TOTAL ASSETS 354,706 717,928
CURRENT LIABILITIES    
Current portion of long term debt (Note 7) 28,766 34,674
Accounts payable 8,264 8,501
Due to related parties (Note 3) 262 436
Due to managers 0 48
Accrued liabilities (Note 13) 3,422 3,870
Derivative instruments(Note 18) 0 82
Deferred revenue 1,736 4,543
Total Current Liabilities 42,450 52,154
NON-CURRENT LIABILITIES    
Long term debt (Note 7) 195,348 231,466
Other non-current liabilities 162 95
TOTAL LIABILITIES 237,960 283,715
STOCKHOLDERS' EQUITY    
Preferred Stock; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2011 and 2012 (Note 8) 0 0
Common Stock, $0.01 par value, 300,000,000 shares authorized; 5,357,224 and 5,400,810 shares issued and outstanding at December 31, 2011 and 2012, respectively 54 54
Additional paid in capital (Note 8) 520,946 520,261
Accumulated deficit (404,254) (86,102)
Total Stockholders' Equity 116,746 434,213
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 354,706 $ 717,928