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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 44,298 $ 12,950
Restricted cash, current (Note 9) 1,862 9,326
Trade accounts receivable 3,203 5,969
Inventories (Note 4) 1,726 3,613
Due from managers 81 81
Due from related parties (Note 3) 486 147
Prepaid expenses and other receivables 2,773 5,877
Total Current Assets 54,429 37,963
FIXED ASSETS    
Advances for vessels under construction and acquisition of vessels (Note 6) 67,932 0
Vessels and other fixed assets, net (Note 5) 326,674 291,207
Total Fixed Assets 394,606 291,207
OTHER NON-CURRENT ASSETS    
Deferred finance charges, net 1,114 1,636
Restricted cash , non-current (Note 9 ) 9,870 9,570
Derivative asset (Note 19) 91 0
Fair value of above market acquired time charter (Note 7) 7,978 14,330
TOTAL ASSETS 468,088 354,706
CURRENT LIABILITIES    
Current portion of long term debt (Note 9) 18,286 28,766
Accounts payable 6,638 8,264
Due to related parties (Note 3) 559 262
Accrued liabilities (Note 15) 3,501 3,422
Deferred revenue 750 1,736
Total Current Liabilities 29,734 42,450
NON-CURRENT LIABILITIES    
Long term debt (Note 9) 172,048 195,348
Other non-current liabilities 200 162
TOTAL LIABILITIES 201,982 237,960
COMMITMENTS AND CONTINGENCIES (Note 17) 0 0
STOCKHOLDERS' EQUITY    
Preferred Stock; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2012 and 2013 (Note 10) 0 0
Common Stock, $0.01 par value, 300,000,000 shares authorized; 5,400,810 and 29,059,671 shares issued and outstanding at December 31, 2012 and 2013, respectively (Note 10) 291 54
Additional paid in capital (Note 10) 668,219 520,946
Accumulated deficit (402,404) (404,254)
Total Stockholders' Equity 266,106 116,746
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 468,088 $ 354,706