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Consolidated Balance Sheets - 20F - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Current assets:            
Cash and cash equivalents $ 3,909 $ 3,304 $ 969 $ 2,873 $ 3,075 $ 4,298
Restricted cash 50 50   0    
Accounts receivable trade, net 1,597 1,287   30    
Inventories 2,970 2,980   0    
Other current assets 497 657   304    
Total current assets 9,023 8,278   3,207    
Fixed assets:            
Vessels, net 193,539 199,840   0    
Office equipment, net 24 40   61    
Total fixed assets 193,563 199,880   61    
Other assets:            
Deferred charges 1,017 1,194   0    
TOTAL ASSETS 203,608 209,352   3,268    
Current liabilities:            
Current portion of long-term debt, net of deferred finance costs 6,583 718   0    
Current portion of convertible promissory notes 822 103   0    
Trade accounts and other payables 4,777 5,979   264    
Due to related parties   0   105    
Accrued liabilities 1,581 2,296   223    
Deferred revenue 67 154   0    
Total current liabilities 13,830 9,250   592    
Non-current liabilities:            
Long-term debt, net of current portion and deferred finance costs 170,625 176,787   0    
Long-term portion of convertible promissory notes 0 31   0    
Total liabilities 184,455 186,068   592    
Commitments and contingencies      
STOCKHOLDERS EQUITY            
Preferred stock, $0.0001 par value; 25,000,000 shares authorized; none issued 0 0   0    
Common stock, $0.0001 par value; 500,000,000 authorized shares as at December 31, 2015 and 2014; 19,522,413 and 3,977,854 shares issued and outstanding as at December 31, 2015 and 2014, respectively 2 2   0    
Additional paid-in capital 350,720 337,121   307,559    
Accumulated deficit (331,569) (313,839)   (304,883)    
Total Stockholders' equity 19,153 23,284 $ 16,862 2,676 $ (90,696) $ (101,618)
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY $ 203,608 $ 209,352   $ 3,268