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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 18,330 $ 12,950
Restricted cash, current 1,912 9,326
Trade accounts receivable, net 1,712 5,969
Inventories (Note 4) 3,725 3,613
Due from managers 81 81
Due from related parties (Note 3) 18 147
Prepaid expenses and other receivables 4,893 5,877
Total Current Assets 30,671 37,963
FIXED ASSETS    
Vessels and other fixed assets, net (Note 5) 275,610 291,207
Total Fixed Assets 275,610 291,207
OTHER NON-CURRENT ASSETS    
Deferred finance charges, net 1,344 1,636
Restricted cash, non-current 9,370 9,570
Derrivative asset (Note 15) 438 0
Fair value of above market acquired time charter (Note 6) 11,180 14,330
TOTAL ASSETS 328,613 354,706
CURRENT LIABILITIES    
Current portion of long term debt (Note 8) 17,246 28,766
Accounts payable 6,389 8,264
Due to related parties (Note 3) 401 262
Accrued liabilities 2,514 3,422
Deferred revenue 1,295 1,736
Total Current Liabilities 27,845 42,450
NON-CURRENT LIABILITIES    
Long term debt (Note 8) 181,267 195,348
Other non-current liabilities 191 162
TOTAL LIABILITIES 209,303 237,960
STOCKHOLDERS' EQUITY    
Preferred Stock; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2012 and June 30, 2013 (Note 9) 0 0
Common Stock, $0.01 par value, 300,000,000 shares authorized; 5,400,810 and 5,412,810 shares issued and outstanding at December 31, 2012 and June 30, 2013, respectively (Note 9) 54 54
Additional paid in capital 521,546 520,946
Accumulated deficit (402,290) (404,254)
Total Stockholders' Equity 119,310 116,746
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 328,613 $ 354,706