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Long-Term Debt, net (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure of detailed information about borrowings [abstract]  
Long-Term Debt, net - Consolidated statement of financial position

 

 

Borrower

Loan Balance

Unamortized Debt Discount

Total Borrowings

(a)

Devocean Maritime LTD., Domina Maritime LTD., Dulac Maritime S.A., Artful Shipholding S.A. & Longevity Maritime Limited

37,000

(741)

36,259

(b)

Globus Maritime Ltd. – Firment Shipping Inc.

307

-

307

(c)

Globus Maritime Ltd. – Convertible Note

1,180

-

1,180

 

 

 

 

 

 

Total at December 31, 2019

38,487

(741)

37,746

 

Less: Current Portion

(1,487)

292

(1,195)

 

Long-Term Portion

37,000

(449)

36,551

 

 

 

 

 

 

Total at December 31, 2018

37,163

(295)

36,868

 

Less: Current Portion

(35,663)

295

(35,368)

 

Long-Term Portion

1,500

-

1,500

 

Long-Term Debt, net - Annual loan principal paymetns

The contractual annual loan principal payments per lender to be made subsequent to December 31, 2019, assuming that the lenders will not demand the repayment of the loans before their maturity, were as follows:

 

 

(a)

(b)

(c)

Total

December 31,

EnTrust

Firment

Convertible Note

 

2020

-

800*

3,309*

4,109

2021

5,970

-

-

5,970

2022 and thereafter 

31,030

-

-

31,030

Total

37,000

800

3,309

41,109

 

* This table represents the maturities before the waivers/extensions acquired within the first quarter of 2020 (see note 22).

 

The contractual annual loan principal payments per bank loan to be made subsequent to December 31, 2018, assuming that the lenders will not demand the repayment of the loans before their maturity, were as follows:

 

(d)

(b)

(e)

 

 

Hamburg Commercial Bank AG

Firment Shipping Inc.

Macquarie Bank International Limited

Total

December 31

 

 

Advance (A)

Advance (B)

 

2019

22,163

-

889

882

23.934

2020

-

2,200

889

882

3.971

2021

-

-

889

882

1.771

2022

-

-

889

882

1.771

2023 and thereafter 

-

-

2,444

3.972

6.416

Total

22,163

2,200

6,000

7,500

37.863