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Share Capital and Share Premium (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of classes of share capital [abstract]  
Authorised share capital

 

         December 31,

 

2017

2016

2015

Authorised share capital:

 

 

 

500,000,000 Common Shares of par value $0.004 each

2,000

2,000

2,000

100,000,000 Class B common shares of par value $0.001 each

100

100

100

100,000,000 Preferred shares of par value $0.001 each

100

100

100

Total authorised share capital

2,200

2,200

2,200

 

Common shares issued and fully paid

Common Shares issued and fully paid

Number of shares

USD

As at January 1, 2015

2,561,405

10

Issued during the year for share based compensation (note 13)

18,372

-

As at December 31, 2015

2,579,777

10

Issued during the year for share based compensation (note 13)

47,897

-

As at December 31, 2016

2,627,674

10

Issued during the year for share based compensation (note 13)

20,937

-

Issuance of common stock

27,500,000

110

Issuance of common stock due to exercise of warrants

1,481,808

6

As at December 31, 2017

31,630,419

126

 

Series A Preferred Shares issued

Series A Preferred  Shares issued

Number of shares

USD

As a January 1, 2015

2,567

2

Issued during the year

-

-

As at December 31, 2015

2,567

2

Issued during the year

-

-

Shares redeemed by the issuer

(2,567)

(2)

As at December 31, 2016

-

-

Issued during the year

-

-

As at December 31, 2017

-

-