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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
NON-CURRENT ASSETS    
Vessels, net $ 120,661 $ 129,461
Advances for vessel purchase 31,918 28,172
Office furniture and equipment 98 90
Right of use asset 337 493
Restricted cash 3,135 3,590
Fair value of derivative financial instruments 1,014 1,315
Other non-current assets 10 10
Total non-current assets 157,173 163,131
CURRENT ASSETS    
Current portion of fair value of derivative financial instruments 1,028 1,092
Trade receivables, net 611 109
Inventories 2,271 3,028
Prepayments and other assets 2,155 2,887
Restricted cash 850 2,378
Cash and cash equivalents 53,234 52,833
Total current assets 60,149 62,327
TOTAL ASSETS 217,322 225,458
EQUITY    
Issued share capital 82 82
Share premium 284,406 284,406
Accumulated deficit (112,365) (113,790)
Total equity 172,123 170,698
NON-CURRENT LIABILITIES    
Long-term borrowings, net of current portion 31,460 37,522
Provision for staff retirement indemnities 174 148
Lease liabilities 27 188
Total non-current liabilities 31,661 37,858
CURRENT LIABILITIES    
Current portion of long-term borrowings 6,044 6,803
Trade accounts payable 3,198 3,548
Accrued liabilities and other payables 3,789 5,814
Current portion of lease liabilities 324 321
Deferred revenue 183 416
Total current liabilities 13,538 16,902
TOTAL LIABILITIES 45,199 54,760
TOTAL EQUITY AND LIABILITIES $ 217,322 $ 225,458