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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
NON-CURRENT ASSETS    
Vessels, net $ 48,242 $ 83,750
Office furniture and equipment 103 120
Right of use asset 562 0
Restricted cash 1,250 0
Other non-current assets 10 10
Total non-current assets 50,167 83,880
CURRENT ASSETS    
Trade accounts receivable 240 577
Inventories 1,545 650
Prepayments and other assets 153 171
Restricted cash 1,185 1,350
Cash and cash equivalents 2,366 46
Total current assets 5,489 2,794
TOTAL ASSETS 55,656 86,674
EQUITY    
Issued share capital 21 13
Share premium 145,506 140,334
Accumulated deficit (135,648) (99,297)
Total equity 9,879 41,050
NON-CURRENT LIABILITIES    
Long-term borrowings, net of current portion 36,551 1,500
Fair value of derivative financial instruments, net of current portion 0 831
Provision for staff retirement indemnities 26 87
Lease liabilities 469 0
Total non-current liabilities 37,046 2,418
CURRENT LIABILITIES    
Current portion of long-term borrowings 1,195 35,368
Trade accounts payable 4,735 6,433
Accrued liabilities and other payables 1,971 1,319
Current portion of lease liabilities 208 0
Current portion of fair value of derivative financial instruments 622 0
Deferred revenue 0 86
Total current liabilities 8,731 43,206
TOTAL LIABILITIES 45,777 45,624
TOTAL EQUITY AND LIABILITIES $ 55,656 $ 86,674