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UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended
--- | ---
Jun. 30, 2024 | Jun. 30, 2023
Net Cash provided by Operating Activities |  |
Net Cash provided by Operating Activities | $ 6,713 | $ 13,023
Cash Flows from Investing Activities: |  |
Returns of investments in unconsolidated joint ventures | 936 | 1,340
Advances for asset acquisition from related parties (Note 5) | (1,000) | 0
Net Cash provided by/(used in) Investing Activities | (64) | 1,340
Cash Flows from Financing Activities: |  |
Proceeds from debt | 153,000 | 0
Principal payments of debt | (28,707) | (7,813)
Prepayment of debt | (97,876) | 0
Proceeds from equity offerings, gross (Note 9) | 0 | 13,561
Equity offerings costs | (40) | (1,260)
Dividends of Preferred shares (Note 5) | 0 | (3,485)
Payment of financing costs | (3,311) | 0
Redemption of preferred shares | (43,916) | (26,293)
Proceeds from warrant exercises, net | 0 | 12
Proceeds from short-term debt | 28,000 | 0
Prepayments of short-term debt | (28,000) | 0
Repayment of Vessel fair value participation liability | (4,956) | 0
Net Cash (used in) Financing Activities | (25,806) | (25,278)
Net decrease in cash and cash equivalents and restricted cash | (19,157) | (10,915)
Cash and cash equivalents and restricted cash at beginning of year | 39,956 | 24,544
Cash and cash equivalents and restricted cash at end of the period | 20,799 | 13,629
Cash breakdown |  |
Cash and cash equivalents | 16,799 | 9,629
Restricted cash, non-current | 4,000 | 4,000
SUPPLEMENTAL CASH FLOW INFORMATION |  |
Interest paid | 9,137 | 8,814
Equity issuance costs included in liabilities | 22 | 0
Finance fees included in Accounts payable/Accrued liabilities/Due to related parties | $ 0 | $ 16

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