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Consolidated Statements of Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues (including $1,606, $1,311 and $0 respectively, from related party) (Note 18 & 5) $ 60,222 $ 66,088 $ 41,048
EXPENSES:      
Voyage expenses (including $511, $829 and $761 respectively, to related party) (Note 11) 1,994 3,038 1,020
Operating lease expense (Note 6) 755 7,054 0
Bareboat charter hire expenses 0 0 6,282
Amortization of prepaid bareboat charter hire 0 0 1,657
Vessel operating expenses (including $187, $247 and $60 respectively, to related party) (Note 11) 21,024 22,786 14,826
Dry-docking costs 356 399 0
Vessel depreciation (Note 4B) 13,174 12,392 6,390
Management fees-related parties (Note 5) 5,627 2,443 7,765
General and administrative expenses (including $2,400, $360 and $360 respectively, to related party)(Note 5) 1,932 1,730 6,997
Other operating loss (Note 15) 4,800 0 0
Loss on sale of vessels (Note 6 and 19) 12,355 0 0
Impairment on vessels (Note 4B) 0 12,310 0
Operating income/(loss) (1,795) 3,936 (3,889)
OTHER EXPENSES:      
Interest and finance costs (including $1,053, $948 and $0 respectively, to related party) (Note 12) (20,956) (18,077) (9,662)
Gain/(Loss) on derivative financial instruments (Note 14) (814) 1,601 1,821
Interest income 34 133 130
Other, net 0 0 180
Equity gain in unconsolidated joint ventures 713 778 291
Impairment on unconsolidated joint ventures (Note 17) 0 (3,144) 0
Total other expenses, net (21,023) (18,709) (7,240)
Net loss (22,818) (14,773) (11,129)
Less: Deemed dividend for beneficial conversion feature of Series E Shares (Note 16) (1,067) (9,339) 0
Less: Deemed dividend equivalents on Series E Shares related to redemption value (Note 16) (3,099) (4,227) 0
Less: Series E Shares Dividend (Note 16) (1,796) (2,650) 0
Net loss attributable to common shareholders (28,780) (30,989) (11,129)
Common stock holders (28,780) (30,989) (11,134)
Non-controlling interests $ 0 $ 0 $ 5
Loss per common share, basic and diluted (Note 10) (in dollars per share) $ (1.22) $ (264.63) $ (306.20)
Other comprehensive income      
Effective portion of changes in fair value of interest swap contracts (Note 14) $ 0 $ (1,361) $ 0
Total other comprehensive loss (28,780) (32,350) (11,134)
Common stock holders (28,780) (32,350) (11,134)
Non-controlling interests $ 0 $ 0 $ 5