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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
NON-CURRENT ASSETS    
Vessels, net  $ 129,461 $ 130,724
Advances for vessel purchase 28,172 0
Office furniture and equipment  90 97
Right of use asset 493 888
Restricted cash 3,590 3,576
Fair value of derivative financial instruments 1,315 417
Other non-current assets  10 10
Total non-current assets 163,131 135,712
CURRENT ASSETS    
Current portion of fair value of derivative financial instruments 1,092 0
Trade accounts receivable 109 1,003
Inventories 3,028 852
Prepayments and other assets 2,887 1,224
Restricted cash 2,378 1,648
Cash and cash equivalents 52,833 45,213
Total current assets 62,327 49,940
TOTAL ASSETS 225,458 185,652
EQUITY     
Issued share capital 82 82
Share premium 284,406 284,406
Accumulated deficit (113,790) (138,070)
Total equity 170,698 146,418
NON-CURRENT LIABILITIES    
Long-term borrowings, net of current portion 37,522 26,438
Provision for staff retirement indemnities 148 114
Lease liabilities 188 556
Total non-current liabilities 37,858 27,108
CURRENT LIABILITIES    
Current portion of long-term borrowings 6,803 5,044
Trade accounts payable and other 3,548 1,100
Accrued liabilities and other payables 5,814 3,497
Current portion of lease liabilities 321 349
Fair value of derivative financial instruments 0 92
Deferred revenue 416 2,044
Total current liabilities 16,902 12,126
TOTAL LIABILITIES  54,760 39,234
TOTAL EQUITY AND LIABILITIES $ 225,458 $ 185,652