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Consolidated Balance Sheets (unaudited) - 6K - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 3,909 $ 3,304
Restricted cash 50 50
Accounts receivable trade, net 1,597 1,287
Inventories 2,970 2,980
Other current assets 497 657
Total current assets 9,023 8,278
Fixed assets:    
Vessels, net 193,539 199,840
Office equipment, net 24 40
Total fixed assets 193,563 199,880
Other assets:    
Deferred charges 1,017 1,194
Other non-current assets 5 0
TOTAL ASSETS 203,608 209,352
Current liabilities:    
Current portion of long-term debt, net of deferred finance costs 6,583 718
Current portion of convertible promissory notes 822 103
Trade accounts and other payables 4,777 5,979
Accrued liabilities 1,581 2,296
Deferred revenue 67 154
Total current liabilities 13,830 9,250
Non-current liabilities:    
Long-term debt, net of current portion and deferred finance costs 170,625 176,787
Long-term portion of convertible promissory notes 0 31
Total liabilities 184,455 186,068
Commitments and contingencies
STOCKHOLDERS EQUITY    
Preferred stock, $0.0001 par value; 25,000,000 shares authorized; none issued 0 0
Common stock, $0.0001 par value; 500,000,000 authorized shares as at September 30, 2016 and December 31, 2015; 20,694,410 and 19,522,413 shares issued and outstanding as at September 30, 2016 and December 31, 2015, respectively 2 2
Additional paid-in capital 350,720 337,121
Accumulated deficit (331,569) (313,839)
Total Stockholders' equity 19,153 23,284
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY $ 203,608 $ 209,352