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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed) [Abstract]

Schedule of Noncash or Part Noncash Acquisitions

Assets and Liabilities Acquired				Amount
	Vessels fair value as of November 15, 2018		$		761,248
Negative goodwill allocated pro-rata to the vessels acquired				(143,726)
Vessels fair value recognized as of November 15, 2018 (see note 4)				617,522
Cash and cash equivalents				35,044
Fair value of time charter contracts attached, net of pro-rata allocation of negative goodwill (see note 6)				5,404
Debt assumed				(509,673)
Working capital (excluding cash and cash equivalents)				(11,331)
Total		$		136,966
Fair Value of Consideration Given				Amount
	Share price as of November 15, 2018 (as adjusted for reverse stock split)				$	7.84
Fair value of stock-based consideration				125,133
Capitalized transaction expenses				11,833
Total consideration			$	136,966

X

- References

No definition available.

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X

- Definition

Tabular disclosure of acquisition of assets or a business through noncash (or part noncash) transactions. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Disclosure may include the equity interest acquired, value of assets acquired, value of liabilities acquired, net monetary assets acquired, number of shares, warrants or options issued as consideration for a business or asset acquired and other information necessary to a fair presentation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4313-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4304-108586

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4332-108586

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