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Consolidated Statements of Cash Flows - 20F - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net (loss) / income $ (8,956) $ 80,348 $ 10,907
Adjustments to reconcile net (loss) / income to net cash (used in) / provided by operating activities:      
Depreciation 1,865 3 982
Amortization of deferred dry-docking costs 38 0 232
Amortization of deferred finance charges 72 0 1,090
Amortization of convertible promissory note beneficial conversion feature 334 0 0
Gain on extinguishment of convertible promissory notes (200) 0 0
Stock based compensation 178 0 15
Loss on bad debt 30 38 0
Gain on restructuring 0 (85,563) 0
Impairment of vessels and deferred charges 0 0 3,564
Gain on disposal of subsidiaries 0 0 (25,719)
Change in fair value of financial instruments 0 0 8
Changes in operating assets and liabilities:      
Accounts receivable trade, net (1,287) 1,188 1,025
Inventories (2,980) 61 (1,005)
Other current assets (353) 661 1,113
Deferred charges (1,232) 0 (1,041)
Other non-current assets 0 0 141
Trade accounts and other payables 5,715 (1,884) (658)
Due to related parties (105) 875 2,914
Accrued liabilities 1,990 (10,380) 7,147
Deferred revenue 154 (205) 315
Net cash (used in) / provided by operating activities (4,737) (14,858) 1,030
Cash flows from investing activities:      
Acquisition of vessels (201,684) 0 0
Net proceeds from sale of vessels 0 105,959 3,998
Additions to office furniture & equipment 0 (64) 0
Cash disposed of upon disposal of subsidiaries 0 0 (2,005)
Cash paid at subsidiary disposal 0 0 (1,000)
Net cash (used in) / provided by investing activities (201,684) 105,895 993
Cash flows from financing activities:      
Net proceeds from issuance of common stock 13,820 3,204 0
Proceeds from long-term debt 179,047 0 0
Proceeds from convertible promissory notes 15,765 0 0
Payments of financing costs (930) 0 0
Repayments of long-term debt (600) (94,443) (5,246)
Repayments of convertible promissory notes (200) 0 0
Restricted cash (retained)/released (50) 0 2,000
Net cash provided by / (used in) financing activities 206,852 (91,239) (3,246)
Net increase/(decrease) in cash and cash equivalents 431 (202) (1,223)
Cash and cash equivalents at beginning of period 2,873 3,075 4,298
Cash and cash equivalents at end of period 3,304 2,873 3,075
SUPPLEMENTAL CASH FLOW INFORMATION      
Cash paid for interest $ 855 $ 10,557 $ 0