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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
NON-CURRENT ASSETS    
Vessels, net $ 88,152 $ 62,350
Advances for vessels acquisition 1,631 0
Office furniture and equipment 95 100
Right of use asset 393 450
Restricted cash 3,466 1,250
Fair value of derivative financial instruments 111 0
Other non-current assets 10 10
Total non-current assets 93,858 64,160
CURRENT ASSETS    
Trade receivables, net 11 153
Inventories 468 1,248
Prepayments and other assets 934 1,027
Insurance claims 336 0
Restricted cash 275 816
Cash and cash equivalents 74,770 19,037
Total current assets 76,794 22,281
TOTAL ASSETS 170,652 86,441
EQUITY    
Issued share capital 80 12
Share premium 284,383 195,102
Accumulated deficit (153,809) (153,020)
Total equity 130,654 42,094
NON-CURRENT LIABILITIES    
Long-term borrowings, net of current portion 28,872 30,887
Provision for staff retirement indemnities 21 31
Lease liabilities 309 367
Total non-current liabilities 29,202 31,285
CURRENT LIABILITIES    
Current portion of long-term borrowings 4,855 5,665
Trade accounts payable 1,923 4,758
Accrued liabilities and other payables 2,970 2,159
Current portion of lease liabilities 161 195
Current portion of fair value of derivative financial instruments 176 0
Deferred revenue 711 285
Total current liabilities 10,796 13,062
TOTAL LIABILITIES 39,998 44,347
TOTAL EQUITY AND LIABILITIES $ 170,652 $ 86,441