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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and Cash Equivalents $ 35,573 $ 34,739
Restricted Cash 15,111 9,909
Accounts Receivable, Net 11,387 9,374
Prepaid Expenses 6,288 4,847
Inventory 34,054 20,873
Voyages in Progress 13,081 10,488
Other Current Assets 5,285 1,918
Vessels Held for Sale 14,783 14,960
Total Current Assets 135,562 107,108
NON-CURRENT ASSETS    
Vessels, net 760,986 715,263
Vessels under Construction 0 24,270
Right of Use Assets 1,550 1,857
Other Non-Current Assets 1,069 2,654
Total Non-Current Assets 763,605 744,044
Total Assets 899,167 851,152
Current Liabilities    
Accounts Payable 7,913 6,552
Accrued Voyage Expenses 23,508 14,985
Other Current Liabilities 11,752 8,561
Dividends Payable 4,033 0
Current Portion of Long-Term Debt 41,581 37,547
Total Current Liabilities 88,787 67,645
Long-Term Debt 312,982 283,411
Operating Lease Liabilities 855 1,149
Other Non-Current Liabilities 644 724
Total Non-Current Liabilities 314,481 285,284
Commitments and Contingencies
SHAREHOLDERS' EQUITY    
Common Stock, par value $0.01 per Share; 360,000,000 shares authorized, 202,672,862 and 183,694,196 shares issued and outstanding at June 30, 2022, and December 31, 2021, respectively 2,026 1,836
Additional Paid-in Capital 174,187 139,480
Contributed Surplus 523,838 529,816
Accumulated other comprehensive loss (1,884) (1,581)
Accumulated Deficit (202,268) (171,328)
Total Shareholders' Equity 495,899 498,223
Total Liabilities and Shareholders' Equity $ 899,167 $ 851,152