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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
NON-CURRENT ASSETS    
Vessels, net $ 43,167 $ 48,242
Office furniture and equipment 87 103
Right of use asset 505 562
Restricted cash 1,250 1,250
Other non-current assets 10 10
Total non-current assets 45,019 50,167
CURRENT ASSETS    
Trade receivables, net 634 240
Inventories 466 1,545
Prepayments and other assets 473 153
Restricted cash 1,268 1,185
Cash and cash equivalents 18,227 2,366
Total current assets 21,068 5,489
TOTAL ASSETS 66,087 55,656
EQUITY    
Issued share capital 369 21
Share premium 170,002 145,506
Accumulated deficit (148,847) (135,648)
Total equity 21,524 9,879
NON-CURRENT LIABILITIES    
Long-term borrowings, net of current portion 34,027 36,551
Fair value of derivative financial instruments 713 0
Provision for staff retirement indemnities 29 26
Lease liabilities 420 469
Total non-current liabilities 35,189 37,046
CURRENT LIABILITIES    
Current portion of long-term borrowings 2,679 1,195
Trade accounts payable 4,861 4,735
Accrued liabilities and other payables 1,551 1,971
Current portion of lease liabilities 283 208
Current portion of fair value of derivative financial instruments 0 622
Total current liabilities 9,374 8,731
TOTAL LIABILITIES 44,563 45,777
TOTAL EQUITY AND LIABILITIES $ 66,087 $ 55,656