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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
NON-CURRENT ASSETS    
Vessels, net $ 83,750 $ 87,320
Office furniture and equipment 120 43
Other non-current assets 10 10
Total non-current assets 83,880 87,373
CURRENT ASSETS    
Trade accounts receivable 577 177
Inventories 650 661
Prepayments and other assets 171 426
Restricted cash 1,350 210
Cash and cash equivalents 46 2,756
Total current assets 2,794 4,230
TOTAL ASSETS 86,674 91,603
EQUITY    
Issued share capital 13 13
Share premium 140,334 139,684
Accumulated deficit (99,297) (95,729)
Total equity 41,050 43,968
NON-CURRENT LIABILITIES    
Long-term borrowings, net of current portion 1,500 0
Fair value of derivative financial instruments 831 0
Provision for staff retirement indemnities 87 82
Total non-current liabilities 2,418 82
CURRENT LIABILITIES    
Current portion of long-term borrowings 35,368 41,538
Trade accounts payable 6,433 4,258
Accrued liabilities and other payables 1,319 1,455
Deferred revenue 86 302
Total current liabilities 43,206 47,553
TOTAL LIABILITIES 45,624 47,635
TOTAL EQUITY AND LIABILITIES $ 86,674 $ 91,603