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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
NON-CURRENT ASSETS    
Vessels, net $ 130,724 $ 62,350
Office furniture and equipment 97 100
Right of use asset 888 450
Restricted cash 3,576 1,250
Fair value of derivative financial instruments 417 0
Other non-current assets 10 10
Total non-current assets 135,712 64,160
CURRENT ASSETS    
Trade accounts receivable 1,003 153
Inventories 852 1,248
Prepayments and other assets 1,224 1,027
Restricted cash 1,648 816
Cash and cash equivalents 45,213 19,037
Total current assets 49,940 22,281
TOTAL ASSETS 185,652 86,441
EQUITY    
Issued share capital 82 12
Share premium 284,406 195,102
Accumulated deficit (138,070) (153,020)
Total equity 146,418 42,094
NON-CURRENT LIABILITIES    
Long-term borrowings, net of current portion 26,438 30,887
Provision for staff retirement indemnities 114 31
Lease liabilities 556 367
Total non-current liabilities 27,108 31,285
CURRENT LIABILITIES    
Current portion of long-term borrowings 4,865 5,665
Trade accounts payable 1,100 4,758
Accrued liabilities and other payables 3,676 2,159
Current portion of lease liabilities 349 195
Fair value of derivative financial instruments 92 0
Deferred revenue 2,044 285
Total current liabilities 12,126 13,062
TOTAL LIABILITIES 39,234 44,347
TOTAL EQUITY AND LIABILITIES $ 185,652 $ 86,441