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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and Cash Equivalents $ 45,529 $ 58,359
Accounts Receivable, Net 20,387 21,699
Accounts Receivable, Related Party 607 775
Prepaid Expenses 3,381 3,376
Inventory 20,358 23,086
Voyages in Progress 15,808 15,308
Other Current Assets 4,165 4,384
Total Current Assets 110,235 126,987
NON-CURRENT ASSETS    
Vessels, net 934,620 935,813
Deposits paid for Vessels 16,710 50,130
Investment in Nordic American Offshore Ltd 8,359 12,164
Other Non-current Assets 231 15,969
Total Non-current Assets 959,920 1,014,076
Total Assets 1,070,155 1,141,063
Current Liabilities    
Accounts Payable 4,648 3,218
Accrued Voyage Expenses 6,996 10,873
Accrued Liabilities 9,397 11,239
Current portion of Long Term Debt 4,654 0
Total Current Liabilities 25,695 25,330
Long-Term Debt 414,372 388,855
Deferred Compensation Liability 16,068 15,814
Total Non-Current Liabilities 430,440 404,669
Commitments and Contingencies
SHAREHOLDERS' EQUITY    
Common Stock, par value $0.01 per Share; 180,000,000 shares authorized, 141,969,666 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 1,420 1,420
Additional Paid-in Capital 123,734 123,439
Contributed Surplus 788,300 796,817
Accumulated other comprehensive loss (1,097) (1,187)
Accumulated Deficit (298,337) (209,425)
Total Shareholders' Equity 614,020 711,064
Total Liabilities and Shareholders' Equity $ 1,070,155 $ 1,141,063