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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
NON-CURRENT ASSETS    
Vessels, net $ 80,565 $ 83,750
Office furniture and equipment 112 120
Right of use asset 618 0
Restricted cash 1,250 0
Other non-current assets 10 10
Total non-current assets 82,555 83,880
CURRENT ASSETS    
Trade receivables, net 879 577
Inventories 422 650
Prepayments and other assets 998 171
Restricted cash 909 1,350
Cash and cash equivalents 2,709 46
Total current assets 5,917 2,794
TOTAL ASSETS 88,472 86,674
EQUITY    
Issued share capital 17 13
Share premium 143,486 140,334
Accumulated deficit (102,770) (99,297)
Total equity 40,733 41,050
NON-CURRENT LIABILITIES    
Long-term borrowings, net of current portion 36,707 1,500
Fair value of derivative financial instruments 484 831
Provision for staff retirement indemnities 24 87
Operating lease liabilities 518 0
Total non-current liabilities 37,733 2,418
CURRENT LIABILITIES    
Current portion of long-term borrowings 974 35,368
Trade accounts payable 5,023 6,433
Accrued liabilities and other payables 1,392 1,319
Current portion of operating lease liabilities 112 0
Current portion of fair value of derivative financial instruments 2,355 0
Deferred revenue 150 86
Total current liabilities 10,006 43,206
TOTAL LIABILITIES 47,739 45,624
TOTAL EQUITY AND LIABILITIES $ 88,472 $ 86,674