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Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 45,385 $ 55,449
Receivables, net of allowance for bad debts of $1.3 million (2021: $0.5 million) 51,921 20,304
Prepaid expenses and other assets 4,224 3,511
Advances and deposits 11,547 3,551
Inventories 18,638 11,095
Vessel held for sale 26,938 0
Current portion of derivative assets 5,773 307
Total current assets 164,426 94,217
Non-current assets    
Investments and other assets, net 11,481 11,082
Vessels and vessel equipment, net 544,653 603,227
Deferred drydock expenditures, net 4,627 8,879
Advances for ballast water treatment systems 2,066 2,033
Amount receivable in respect of finance leases 0 2,880
Non-current portion of derivative assets 561 982
Operating lease, right-of-use asset 5,229 1,232
Total non-current assets 568,617 630,315
TOTAL ASSETS 733,043 724,532
Current liabilities    
Accounts payable 6,390 8,578
Accrued expenses and other liabilities 13,844 10,742
Deferred revenue 1,455 2,070
Accrued interest on debt and finance leases 828 651
Current portion of long-term debt 15,138 15,103
Current portion of finance lease obligations 24,909 21,084
Current portion of operating lease obligations 2,293 273
Total current liabilities 64,857 58,501
Non-current liabilities    
Non-current portion of long-term debt 118,282 129,998
Non-current portion of finance lease obligations 173,114 205,371
Non-current portion of operating lease obligations 2,665 722
Other non-current liabilities 943 943
Total non-current liabilities 295,004 337,034
TOTAL LIABILITIES 359,861 395,535
Redeemable Preferred Stock    
Cumulative redeemable preferred stock 37,043 37,043
Stockholders' equity    
Common stock 391 364
Additional paid in capital 445,051 426,102
Accumulated other comprehensive income 5,253 1,044
Treasury stock (15,636) (15,636)
Accumulated deficit (98,920) (119,920)
Total stockholders' equity 336,139 291,954
Total redeemable preferred stock and stockholders' equity 373,182 328,997
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY $ 733,043 $ 724,532