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FIXED ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2016
Detail of Fixed Assets, Excluding Vessels |
FIXED ASSETS |
Schedule of fixed assets |
|  | June 30, |  | December 31, |
|  | 2016 |  | 2015 |
Fixed assets, at cost: |  |  |  |  |  |  |
Vessel equipment |  | $ | 1,113 |  | $ | 1,086 |
Furniture and fixtures |  |  | 462 |  |  | 462 |
Computer equipment |  |  | 142 |  |  | 142 |
Total costs |  |  | 1,717 |  |  | 1,690 |
Less: accumulated depreciation and amortization |  |  | 563 |  |  | 404 |
Total |  | $ | 1,154 |  | $ | 1,286 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph b -Article 5 + Details
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