XML 11 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Unaudited Interim Condensed Consolidated Statements of Comprehensive Loss / Income - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
REVENUES:    
Total revenues $ 25,310 $ 32,594
EXPENSES:    
Voyage expenses 608 1,209
Operating lease expenses 5,378 0
Other vessel operating expenses 7,919 11,218
Vessel depreciation 3,339 7,172
Management fees-related parties (Note 5) 1,661 4,573
Dry-docking costs 26 356
Gain on sale of vessels 0 (5,291)
Other operating loss 0 4,050
Impairment on vessels (Note 4c) 1,160 0
General and administrative expenses 963 972
Operating income 4,256 8,335
OTHER INCOME (EXPENSES):    
Interest and finance costs (2,837) (10,551)
(Loss)/ gain on derivative financial instruments 66 (849)
Equity gains in unconsolidated joint ventures 197 168
Interest income 0 29
Total other expenses, net (2,574) (11,203)
(Loss) / Net Income 1,682 (2,868)
Less: Deemed dividend for beneficial conversion feature of Series E Shares 0 (1,067)
Less: Deemed dividend equivalents on Series E Shares related to redemption value 0 (3,099)
Less: Dividends of Series E Shares (Note 5) (915) (932)
Net (loss) / income and comprehensive (loss) / income attributable to common shareholders $ 767 $ (7,966)
(Loss) / Earnings per common share, basic and diluted (Note 10) (in dollars per share) $ 0.02 $ (1.09)
Weighted average common shares outstanding, basic and diluted (in shares) 39,831,972 7,302,633
Time Charter Contracts [Member]    
REVENUES:    
Total revenues $ 25,310 $ 32,594