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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
NON-CURRENT ASSETS    
Vessels, net $ 126,354 $ 130,724
Advances for vessel purchase 21,220 0
Office furniture and equipment 84 97
Right of use asset 717 888
Restricted cash 3,679 3,576
Fair value of derivative financial instruments 1,113 417
Other non-current assets 10 10
Total non-current assets 153,177 135,712
CURRENT ASSETS    
Current portion of fair value of derivative financial instruments 513 0
Trade receivables, net 2,152 1,003
Inventories 1,407 852
Prepayments and other assets 2,470 1,224
Insurance claims 333 0
Restricted cash 2,553 1,648
Cash and cash equivalents 43,638 45,213
Total current assets 53,066 49,940
TOTAL ASSETS 206,243 185,652
EQUITY    
Issued share capital 82 82
Share premium 284,406 284,406
Accumulated deficit (114,972) (138,070)
Total equity 169,516 146,418
NON-CURRENT LIABILITIES    
Long-term borrowings, net of current portion 23,998 26,438
Provision for staff retirement indemnities 108 114
Lease liabilities 396 556
Total non-current liabilities 24,502 27,108
CURRENT LIABILITIES    
Current portion of long-term borrowings 4,875 4,865
Trade accounts payable 1,713 1,100
Accrued liabilities and other payables 2,211 3,676
Current portion of lease liabilities 362 349
Current portion of fair value of derivative financial instruments 0 92
Deferred revenue 3,064 2,044
Total current liabilities 12,225 12,126
TOTAL LIABILITIES 36,727 39,234
TOTAL EQUITY AND LIABILITIES $ 206,243 $ 185,652