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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
NON-CURRENT ASSETS    
Vessels, net $ 87,320 $ 91,792
Office furniture and equipment 43 45
Other non-current assets 10 10
Total non-current assets 87,373 91,847
CURRENT ASSETS    
Trade accounts receivable 177 243
Inventories 661 516
Prepayments and other assets 426 1,017
Restricted cash 210 210
Cash and cash equivalents 2,756 163
Total current assets 4,230 2,149
TOTAL ASSETS 91,603 93,996
EQUITY    
Issued share capital 126 10
Share premium 139,571 110,004
Accumulated deficit (95,729) (89,254)
Total equity 43,968 20,760
NON-CURRENT LIABILITIES    
Long-term borrowings, net of current portion 0 42,022
Provision for staff retirement indemnities 82 78
Total non-current liabilities 82 42,100
CURRENT LIABILITIES    
Current portion of long-term borrowings 41,538 23,550
Trade accounts payable 4,258 4,757
Accrued liabilities and other payables 1,455 2,609
Deferred revenue 302 220
Total current liabilities 47,553 31,136
TOTAL LIABILITIES 47,635 73,236
TOTAL EQUITY AND LIABILITIES $ 91,603 $ 93,996