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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
NON-CURRENT ASSETS    
Vessels, net $ 125,411 $ 100,557
Advances for vessel purchase 39,419 47,246
Office furniture and equipment 111 85
Right of use asset 26 182
Restricted cash 2,905 3,530
Fair value of derivative financial instruments 484 495
Other non-current assets 10 10
Total non-current assets 168,366 152,105
CURRENT ASSETS    
Current portion of fair value of derivative financial instruments 776 808
Trade receivables, net 112 1,151
Inventories 856 1,256
Prepayments and other assets 3,372 1,789
Restricted cash 700 90
Cash and cash equivalents 70,765 74,202
Total current assets excluding assets held for sale 76,581 79,296
Assets held for sale 11,368 0
Total current assets 87,949 79,296
TOTAL ASSETS 256,315 231,401
EQUITY    
Issued share capital 82 82
Share premium 284,406 284,406
Accumulated deficit (105,538) (108,518)
Total equity 178,950 175,970
NON-CURRENT LIABILITIES    
Long-term borrowings, net of current portion 62,449 45,759
Finance liabilities, net of current portion 2,718 0
Provision for staff retirement indemnities 203 171
Total non-current liabilities 65,370 45,930
CURRENT LIABILITIES    
Current portion of long-term borrowings 7,056 6,500
Current portion of finance liabilities 82 0
Trade accounts payable 676 362
Accrued liabilities and other payables 3,603 1,763
Current portion of lease liabilities 18 188
Deferred revenue 560 688
Total current liabilities 11,995 9,501
TOTAL LIABILITIES 77,365 55,431
TOTAL EQUITY AND LIABILITIES $ 256,315 $ 231,401