XML 24 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUE:      
Voyage revenues $ 30,840 $ 61,390 $ 43,211
Management & consulting fee income 365 365 170
Total Revenues 31,205 61,755 43,381
EXPENSES & OTHER OPERATING INCOME:      
Voyage expenses  (3,936) (5,373) (1,128)
Vessel operating expenses  (16,090) (18,012) (13,808)
Depreciation  (4,725) (5,600) (3,910)
Depreciation of dry-docking costs  (4,185) (4,646) (2,751)
Administrative expenses  (3,541) (2,876) (2,610)
Administrative expenses payable to related parties (713) (1,412) (1,361)
Share-based payments 0 0 (40)
Reversal of impairment 4,400 0 0
Gain from sale of vessel 3,876 0 0
Other (expenses)/income, net  (14) (204) 171
Operating income 6,277 23,632 17,944
Interest income  2,634 375 8
Interest expense and finance costs  (4,354) (2,320) (3,262)
Gain from the modification of the Loan 417 0 0
Gain on derivative financial instruments 388 2,520 181
Foreign exchange gains/(losses), net  (90) 73 79
TOTAL INCOME FOR THE YEAR 5,272 24,280 14,950
Other Comprehensive Income 0 0 0
TOTAL COMPREHENSIVE INCOME FOR THE YEAR $ 5,272 $ 24,280 $ 14,950
Earnings per share (U.S.$):      
-Diluted income per share for the period $ 0.26 $ 1.18 $ 1.01
-Basic income per share for the period $ 0.26 $ 1.18 $ 1.01