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Basis of Presentation and General Information (Tables)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Schedule of Ownership and Operation of Tanker Vessels

All of the Vessel-owning companies are engaged in the marine transportation of liquid cargoes through the ownership and operation of tanker vessels, as listed below:

Schedule of Ownership and Operation of Tanker Vessels 

Vessel-owning Company		Incorporation date		Vessel		Dead Weight tons “DWT”		Year built		Acquisition date
Seventhone		05/31/2011		Pyxis Theta		51,795		2013		09/16/2013
Eighthone		02/08/2013		Pyxis Epsilon		50,295		2015		01/14/2015
Tenthone		04/22/2021		Pyxis Karteria		46,652		2013		07/15/2021
Eleventhone		11/09/2021		Pyxis Lamda		50,145		2017		12/20/2021

Summary of Revenue from Significant Charterers for 10% or More of Revenue

Revenues for the six month periods ended June 30, 2022 and 2023, deriving from significant charterers individually accounting for 10% or more of revenues (in percentages of total revenues), were as follows:

 Summary of Revenue from Significant Charterers for 10% or More of Revenue

Charterer		Six months ended June 30,
		2022				2023
A			—				50	%
B			23	%			31	%
C			36	%			13	%
Total			59	%			94	%

Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the accompanying Consolidated Balance Sheets that are presented in the accompanying interim condensed consolidated statement of cash flows for the six month periods ended June 30, 2022 and 2023.

PYXIS TANKERS INC.

Notes to the Unaudited Interim Condensed Consolidated Financial Statements

(Expressed in thousands of U.S. dollars, except for share and per share data)

1. Basis of Presentation and General Information: -Continued:

 Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash

		June 30,
		2022				2023
Cash and cash equivalents		$	3,636			$	32,048
Restricted cash, current portion			355				400
Restricted cash, net of current portion			2,250				2,000
Total cash and cash equivalents and restricted cash		$	6,241			$	34,448

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Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1

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-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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