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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets    
Cash and Cash Equivalents $ 58,359 $ 82,170
Accounts Receivable, Net 21,699 17,487
Accounts Receivable, Related Party 775 583
Prepaid Expenses 3,376 4,480
Inventory 23,086 20,886
Voyages in Progress 15,308 35,610
Other Current Assets 4,384 2,493
Total Current Assets 126,987 163,709
NON-CURRENT ASSETS    
Vessels, net 935,813 1,058,049
Deposits for Vessels under Construction 50,130 82,130
Goodwill 0 18,979
Investment in Nordic American Offshore Ltd 12,164 16,550
Other Non-current Assets 15,969 10,487
Total Non-current Assets 1,014,076 1,186,195
Total Assets 1,141,063 1,349,904
Current Liabilities    
Accounts Payable 3,218 4,294
Accrued Voyage Expenses 10,873 9,583
Accrued Liabilities 11,239 7,648
Total Current Liabilities 25,330 21,525
Long-Term Debt 388,855 442,820
Deferred Compensation Liability 15,814 14,510
Total Non-Current Liabilities 404,669 457,330
Commitments and Contingencies
SHAREHOLDERS' EQUITY    
Common Stock, Par Value $0.01 per Share 180,000,000 authorized 141,969,666 issued and outstanding at December 31, 2017 and 101,969,666 issued and outstanding at December 31, 2016 1,420 1,020
Additional Paid-in Capital 123,439 235,050
Contributed Surplus 796,817 640,472
Accumulated Other Comprehensive Loss (1,187) (1,037)
Accumulated Deficit (209,425) (4,456)
Total Shareholders' Equity 711,064 871,049
Total Liabilities and Shareholders' Equity $ 1,141,063 $ 1,349,904