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FIXED ASSETS

3 Months Ended

Mar. 31, 2015

16 - FIXED ASSETS

Fixed assets consist of the following:

	Successor		Successor
	March 31, 2015		December 31, 2014
Fixed assets, at cost:
Vessel equipment	$	349	$	229
Furniture and fixtures	462		462
Computer equipment	142		129
Total costs	953		820
Less: accumulated depreciation and amortization	170		119
Total	$	783	$	701

Depreciation and amortization expense for fixed assets for the Successor Company and the Predecessor Company for the three months ended March 31, 2015 and 2014 was $51 and $219, respectively. Refer to Note 4 — Cash Flow Information for information regarding the reclassification from fixed assets to vessels assets during the three months ended March 31, 2014.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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