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Unaudited Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 39,420 $ 44,298
Restricted cash, current 2,442 1,862
Trade accounts receivable 4,211 3,203
Inventories (Note 4) 5,227 1,726
Due from managers 81 81
Due from related parties (Note 3) 1,953 486
Prepaid expenses and other receivables 3,061 2,773
Total Current Assets 56,395 54,429
FIXED ASSETS    
Advances for vessels under construction and acquisition of vessels (Note 6) 81,794 67,932
Vessels and other fixed assets, net (Note 5) 377,302 326,674
Total Fixed Assets 459,096 394,606
OTHER NON-CURRENT ASSETS    
Long term Investment (Note 3) 529 0
Deferred finance charges, net 1,744 1,114
Restricted cash, non-current 13,370 9,870
Derivative asset (Note 15) 0 91
Fair value of above market acquired time charter (Note 7) 4,829 7,978
TOTAL ASSETS 535,963 468,088
CURRENT LIABILITIES    
Current portion of long term debt (Note 8) 29,250 18,286
Accounts payable 8,698 6,638
Due to related parties (Note 3) 1,476 559
Accrued liabilities 5,591 3,501
Derivative liability (Note 15) 642 0
Deferred revenue 804 750
Total Current Liabilities 46,461 29,734
NON-CURRENT LIABILITIES    
Long term debt (Note 8) 224,632 172,048
Derivative liability (Note 15) 86 0
Other non-current liabilities 317 200
TOTAL LIABILITIES 271,496 201,982
STOCKHOLDERS' EQUITY    
Preferred Stock; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2013 and June 30, 2014 (Note 9) 0 0
Common Stock, $0.01 par value, 300,000,000 shares authorized; 29,059,671 shares issued and outstanding at December 31, 2013 and 29,493,769 shares issued and outstanding at June 30,2014 (Note 9) 295 291
Additional paid in capital 670,446 668,219
Accumulated deficit (406,274) (402,404)
Total Stockholders' Equity 264,467 266,106
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 535,963 $ 468,088