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Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 56,860,845 $ 15,334,123
Receivables, trade 743,406 864,386
Working capital advances 534,571 1,573,955
Prepayments 471,563 223,471
Advances and deposits 1,894,317 423,703
Other receivables 321,810 498,259
Inventories 1,131,466 666,240
Total current assets 61,957,978 19,584,137
Non-current assets    
Vessels and equipment, net of accumulated depreciation of $20.8 million (2012: $12.4 million) 201,700,229 125,478,619
Deferred drydock expenditure, net of accumulated amortization of $1.9 million (2012: $0.4 million) 1,339,238 2,517,789
Vessels under construction 89,015,139 29,012,560
Other non-current assets, net of accumulated depreciation of $0.1 million (2012: $0.05 million) 158,308 133,147
Deferred finance charges, net of accumulated amortization of $0.7 million (2012: $0.6 million) 3,794,741 3,234,216
Total non-current assets 296,007,655 160,376,331
TOTAL ASSETS 357,965,633 179,960,468
Current liabilities    
Payables, trade 3,999,311 2,514,052
Charter revenue received in advance 1,806,600 851,045
Other payables 5,436 1,867
Amounts due to related parties 0 600,000
Accrued interest on loans 557,160 502,515
Current portion of long-term debt 9,100,000 6,819,918
Current portion of capital lease obligations 1,578,686 0
Total current liabilities 17,047,193 11,289,397
Non-current liabilities [Abstract]    
Non-current portion of long-term debt 79,760,000 60,280,082
Non-current portion of capital lease obligations 28,800,329 0
Total non-current liabilities 108,560,329 60,280,082
Equity    
Share capital ($0.01 par value, 250,000,000 shares authorized, 18,050,000 issued and outstanding at December 31, 2013 and 8,049,500 at December 31, 2012) 180,500 80,495
Additional paid in capital 244,702,577 116,992,857
Accumulated deficit (12,524,966) (8,682,363)
Total equity 232,358,111 108,390,989
TOTAL LIABILITIES AND EQUITY $ 357,965,633 $ 179,960,468