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Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 11,870 $ 1,358
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,634 3,024
Amortization and write-off of special survey costs 176 175
Allowance for credit losses (75) 4
Amortization and write-off of financing costs 126 155
Amortization of restricted common stock grants 47
Loss from debt extinguishment 287 34
Loss/(Gain) from financial derivative instrument 59 (320)
Gain on sale of vessel, net (8,017)
Bad debt provisions 50
Changes in assets and liabilities:    
Inventories 1,053 (1,899)
Due from related parties 50 1,691
Trade accounts receivable, net 6,398 (3,602)
Prepayments and other assets (339) (98)
Insurance claim receivable 608 (1,933)
Special survey cost (814) (445)
Trade accounts payable (491) 2,759
Hire collected in advance (1,215)
Accrued and other liabilities (88) (179)
Net cash provided by operating activities 12,269 774
Cash flow from investing activities:    
Proceeds from the sale of vessel, net 24,291 8,509
Payments for vessel acquisition (2,995)
Ballast water treatment system installation (555)
Vessel additions (21)
Net cash provided by investing activities 24,270 4,959
Cash flows from financing activities:    
Proceeds from long-term debt 15,500
Repayment of long-term debt (21,697) (8,930)
Repayment of promissory note (6,000)
Financial derivative instrument 561
Payment of financing costs (148)
Preferred stock dividends paid (405) (436)
Common stock re-purchase program (91)
Net cash used in financing activities (12,280) (9,366)
Net (decrease)/increase in cash and cash equivalents and restricted cash 24,259 (3,633)
Cash and cash equivalents and restricted cash at the beginning of the period 10,189 9,874
Cash and cash equivalents and restricted cash at the end of the period 34,448 6,241
SUPPLEMENTAL INFORMATION:    
Cash paid for interest $ 2,598 $ 1,722