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Condensed Interim Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 43,306,191 $ 59,879,596
Receivables, trade 21,855,810 4,985,900
Working capital advances 2,975,000 500,000
Prepayments 1,681,530 683,762
Advances and deposits 2,578,489 3,052,992
Other receivables 45,861 636,464
Inventories 4,128,318 2,486,340
Total current assets 76,571,199 72,225,054
Non-current assets    
Vessels and vessel equipment, net 632,478,674 371,618,023
Deferred dry dock expenditure, net 4,346,774 4,229,617
Vessels under construction 28,009,066 113,985,986
Other non-current assets, net 388,380 156,311
Deferred finance charges, net 9,008,577 8,625,882
Total non-current assets 674,231,471 498,615,819
TOTAL ASSETS 750,802,670 570,840,873
Current liabilities    
Payables, trade 9,436,193 7,038,621
Charter revenue received in advance 1,861,504 1,542,863
Other payables 243,164 648,105
Accrued interest on loans 1,490,045 882,594
Current portion of long-term debt 32,251,764 19,394,928
Current portion of capital lease obligations 1,813,564 1,702,981
Total current liabilities 47,096,234 31,210,092
Non-current liabilities    
Non-current portion of long-term debt 329,294,554 185,333,340
Non-current portion of capital lease obligations 25,729,641 27,097,348
Total non-current liabilities 355,024,195 212,430,688
Equity    
Share capital 262,287 261,000
Additional paid in capital 335,764,826 339,082,131
Treasury stock (1,278,546) (1,278,546)
Accumulated surplus / (deficit) 13,933,674 (10,864,492)
Total equity 348,682,241 327,200,093
TOTAL LIABILITIES AND EQUITY $ 750,802,670 $ 570,840,873