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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 82,059 $ 73,266
Restricted cash 2,186 0
Accounts receivable, net 1,927 72
Inventories 5,769 742
Prepaid expenses and other current assets 6,214 1,376
Due from related parties 817 1,932
Total current assets 98,972 77,388
NON - CURRENT ASSETS    
Vessels in operation 1,112,766 586,520
Other fixed assets 5 10
Intangible assets - charter agreements 5,400 700
Intangible assets - other 0 7
Deferred charges, net 9,569 11,259
Other non - current assets 948 0
Restricted cash, net of current portion 5,827 0
Total non - current assets 1,134,515 598,496
TOTAL ASSETS 1,233,487 675,884
CURRENT LIABILITIES    
Accounts payable 9,586 1,486
Accrued liabilities 15,407 8,788
Current portion of long - term debt 64,088 40,000
Deferred revenue 3,118 2,178
Due to related parties 3,317 2,813
Total current liabilities 95,516 55,265
LONG - TERM LIABILITIES    
Long - term debt, net of current portion and deferred financing costs 813,130 358,515
Intangible liability – charter agreements 8,470 10,482
Deferred tax liability 9 17
Total non - current liabilities 821,609 369,014
Total liabilities 917,125 424,279
Commitments and Contingencies
SHAREHOLDERS' EQUITY    
Additional paid in capital 512,379 387,229
Accumulated deficit (196,119) (135,693)
Total shareholders' equity 316,362 251,605
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,233,487 675,884
Common Class A [Member]    
SHAREHOLDERS' EQUITY    
Common shares 90 60
Common Class B [Member]    
SHAREHOLDERS' EQUITY    
Common shares 9 9
Series B Preferred Shares [Member]    
SHAREHOLDERS' EQUITY    
Preferred shares 0 0
Series C Preferred Shares [Member]    
SHAREHOLDERS' EQUITY    
Preferred shares $ 3 $ 0