<SEC-DOCUMENT>0000919574-22-004476.txt : 20220802
<SEC-HEADER>0000919574-22-004476.hdr.sgml : 20220802
<ACCEPTANCE-DATETIME>20220802172328
ACCESSION NUMBER:		0000919574-22-004476
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220831
FILED AS OF DATE:		20220802
DATE AS OF CHANGE:		20220802

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OceanPal Inc.
		CENTRAL INDEX KEY:			0001869467
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40930
		FILM NUMBER:		221129942

	BUSINESS ADDRESS:	
		STREET 1:		PENDELIS 26
		STREET 2:		PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			175 64
		BUSINESS PHONE:		30-210-9485-360

	MAIL ADDRESS:	
		STREET 1:		PENDELIS 26
		STREET 2:		PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			175 64
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d9724026_6-k.htm
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">FORM 6-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">WASHINGTON, D.C.&#160; 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">OF THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">For the month of August 2022</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">Commission File Number:&#160; 001-40930</div>
    <div><br>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">OCEANPAL INC.</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">(Translation of registrant's name into English)</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">Pendelis 26, 175 64 Palaio Faliro, Athens, Greece</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">(Address of principal executive office)</div>
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    <div style="font-family: 'Times New Roman', serif;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
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    <div style="font-family: 'Times New Roman', serif;">Form 20-F [X]&#160; &#160; &#160;&#160; Form 40-F [&#160; ]</div>
    <div><br>
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    <div style="font-family: 'Times New Roman', serif;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [&#160; ].</div>
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    <div style="font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security
      holders.</div>
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    </div>
    <div style="font-family: 'Times New Roman', serif;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [&#160; ].</div>
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    <div style="font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant
      foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which
      the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the
      subject of a Form 6-K submission or other Commission filing on EDGAR.</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
    <div><br>
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    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif;">Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated August 2, 2022 of OceanPal Inc. (the "Company"), announcing the
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURES</div>
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    <div style="font-family: 'Times New Roman', serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
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            <div style="font-family: 'Times New Roman', serif; font-weight: bold;">OCEANPAL INC.</div>
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            <div style="margin-left: 21.6pt; font-family: 'Times New Roman', serif;">(registrant)</div>
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            <div>&#160;</div>
            <div style="font-family: 'Times New Roman', serif;">Dated: August 2, 2022</div>
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            <div style="font-family: 'Times New Roman', serif;">By:</div>
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            <div style="font-family: 'Times New Roman', serif;">/s/ Ioannis Zafirakis</div>
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          <td style="width: 6.09%; vertical-align: top;">&#160;</td>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Ioannis Zafirakis</div>
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          <td style="width: 6.09%; vertical-align: top;">&#160;</td>
          <td style="width: 43.91%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Chief Financial Officer</div>
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    <div style="text-align: right; font-family: 'Times New Roman', serif; font-weight: bold;">Exhibit 99.1</div>
    <div style="text-align: right; font-family: 'Times New Roman', serif; font-weight: bold;"> <br>
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              <div style="font-style: italic; font-weight: bold;">Corporate Contact:</div>
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            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td colspan="2" rowspan="1" style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
              <div>Margarita Veniou</div>
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            <td style="width: 12.21%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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              <div>Chief Corporate Development &amp; Governance Officer</div>
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            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td colspan="2" rowspan="1" style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
              <div>Telephone: +30-210-9485-360</div>
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            <td style="width: 12.21%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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            <td colspan="2" rowspan="1" style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
              <div>Email: <u><font style="color: #0000FF;">mveniou@oceanpal.com</font></u></div>
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            <td style="width: 12.21%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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              <div>Website: <u><font style="color: #0000FF;">www.oceanpal.com</font></u></div>
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            <td style="width: 12.21%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td colspan="2" rowspan="1" style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
              <div style="text-align: justify;">Twitter: <u>@OceanPal_Inc</u></div>
            </td>
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              <div style="font-family: 'Times New Roman',Times,serif;">For Immediate Release</div>
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            <td style="width: 12.21%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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            <td colspan="2" rowspan="1" style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
              <div style="font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
            </td>
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            <td style="width: 12.21%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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              <div>Edward Nebb</div>
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            <td style="width: 12.21%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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              <div>Telephone: + 1-203-972-8350</div>
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            <td colspan="2" rowspan="1" style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;Email: <u><font style="color: #0000FF;">enebb@optonline.net</font></u></td>
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            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.1%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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              <div style="font-family: 'Times New Roman',Times,serif;"><br>
                <u><font style="color: #0000FF;"></font></u></div>
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      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 11pt; font-weight: bold;">OCEANPAL INC. REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER AND SIX MONTHS ENDED JUNE 30, 2022;</div>
      <font style="font-family: 'Times New Roman',Times,serif;"> </font>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 11pt; font-weight: bold;">DECLARES A CASH DIVIDEND OF $0.01 PER SHARE</div>
      <font style="font-family: 'Times New Roman',Times,serif;"> </font>
      <div>
        <div><font style="font-family: 'Times New Roman',Times,serif;"><br>
          </font> </div>
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          </font> </div>
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      <font style="font-family: 'Times New Roman',Times,serif;"> </font>
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        <div style="text-align: justify; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">ATHENS, GREECE, August 2, 2022 &#8211; OceanPal Inc. (NASDAQ: OP) (the &#8220;Company&#8221;), a global shipping company specializing in the ownership of vessels,
          today reported net income of $648 thousand and net income attributed to common stockholders of $157 thousand for the second quarter of 2022. Time charter revenues for the same period were $4.6 million.</div>
        <div style="text-align: justify; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">Net income for the six months ended June 30, 2022 amounted to $1.1 million and net loss attributed to common stockholders amounted to $277 thousand.
          Time charter revenues for the same period were $8.3 million.</div>
        <div><font style="font-family: 'Times New Roman',Times,serif;"><br>
          </font> </div>
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      <font style="font-family: 'Times New Roman',Times,serif;"> </font>
      <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Dividend Declaration</div>
      <font style="font-family: 'Times New Roman',Times,serif;"> </font>
      <div><font style="font-family: 'Times New Roman',Times,serif;"><br>
        </font> </div>
      <font style="font-family: 'Times New Roman',Times,serif;"> </font>
      <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">The Company declared a cash dividend on its common stock of $0.01 per share for the second quarter ended June 30, 2022. The cash dividend will be payable on or about August
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      <font style="font-family: 'Times New Roman',Times,serif;"> </font>
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            <td nowrap="nowrap" style="width: 3.51%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td colspan="8" style="width: 96.49%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">OceanPal Inc.&#8217;s fleet is employed as follows:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.51%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 12.75%; vertical-align: bottom;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Vessel</div>
            </td>
            <td rowspan="2" style="width: 5.69%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Sister Ships*</div>
            </td>
            <td rowspan="2" style="width: 11.38%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Gross Rate (USD Per Day)</div>
            </td>
            <td rowspan="2" style="width: 8.13%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Com**</div>
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            <td rowspan="2" style="width: 21.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Charterers</div>
            </td>
            <td rowspan="2" style="width: 10.57%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; margin-right: 9.05pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Delivery Date to Charterers***</div>
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            <td rowspan="2" style="width: 20.33%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Redelivery Date to Owners****</div>
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            <td rowspan="2" style="width: 5.69%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Notes</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 3.51%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif; padding-bottom: 2px;">&#160;</td>
            <td style="width: 12.75%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">BUILT&#160; &#160; DWT</div>
            </td>
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          <tr>
            <td nowrap="nowrap" style="width: 3.51%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 12.75%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.38%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 8.13%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 21.95%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 10.57%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 20.33%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 3.51%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td colspan="8" style="width: 96.49%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">2 Panamax Bulk Carriers</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.51%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">1</div>
            </td>
            <td style="width: 12.75%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">PROTEFS</div>
            </td>
            <td rowspan="3" style="width: 5.69%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-size: 9pt;">A</div>
              <div style="text-align: center;"><font style="color: rgb(0, 0, 0);"> </font>&#160;</div>
            </td>
            <td style="width: 11.38%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">$10,650</div>
            </td>
            <td style="width: 8.13%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">5.00%</div>
            </td>
            <td style="width: 21.95%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">Reachy International (HK) Co., Limited</div>
            </td>
            <td style="width: 10.57%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">08-Feb-21</div>
            </td>
            <td style="width: 20.33%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">04-Jun-22</div>
            </td>
            <td style="width: 5.69%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.51%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 12.75%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.38%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 8.13%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 21.95%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 10.57%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 20.33%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.51%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 12.75%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">2004&#160; &#160; 73,630</div>
            </td>
            <td style="width: 11.38%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">$9,250/$9,500</div>
            </td>
            <td style="width: 8.13%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">5.00%</div>
            </td>
            <td style="width: 21.95%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">Xianglong Shipping Co Ltd.</div>
            </td>
            <td style="width: 10.57%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">19-Jul-22</div>
            </td>
            <td style="width: 20.33%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">19-Aug-22</div>
            </td>
            <td style="width: 5.69%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.51%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">2</div>
            </td>
            <td style="width: 12.75%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">CALIPSO</div>
            </td>
            <td rowspan="3" style="width: 5.69%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">A</div>
            </td>
            <td style="width: 11.38%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">$24,500</div>
            </td>
            <td style="width: 8.13%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">5.00%</div>
            </td>
            <td style="width: 21.95%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">Tongli Shipping Pte. Ltd.</div>
            </td>
            <td style="width: 10.57%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">10-Mar-2022</div>
            </td>
            <td style="width: 20.33%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">26-Jun-22</div>
            </td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.51%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 12.75%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.38%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 8.13%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 21.95%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 10.57%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 20.33%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.51%; vertical-align: top; padding-bottom: 2px; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 12.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">2005&#160; &#160; 73,691</div>
            </td>
            <td style="width: 11.38%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">$19,600</div>
            </td>
            <td style="width: 8.13%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">5.00%</div>
            </td>
            <td style="width: 21.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">ETG Commodities Ltd.</div>
            </td>
            <td style="width: 10.57%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">02-Jul-22</div>
            </td>
            <td style="width: 20.33%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">02-Oct-22</div>
            </td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.51%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td colspan="8" style="width: 96.49%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">2 Capesize Bulk Carriers</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.51%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">3</div>
            </td>
            <td style="width: 12.75%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">SALT LAKE CITY</div>
            </td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.38%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">$13,000</div>
            </td>
            <td style="width: 8.13%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">5.00%</div>
            </td>
            <td style="width: 21.95%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">C Transport Maritime Ltd., Bermuda</div>
            </td>
            <td style="width: 10.57%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">09-Jan-21</div>
            </td>
            <td style="width: 20.33%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">09-Jun-22</div>
            </td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.51%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 12.75%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.38%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 8.13%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 21.95%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 10.57%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 20.33%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.51%; vertical-align: top; font-family: 'Times New Roman',Times,serif; padding-bottom: 2px;">&#160;</td>
            <td style="width: 12.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">2005&#160; &#160; 171,810</div>
            </td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 11.38%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">$29,750</div>
            </td>
            <td style="width: 8.13%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">5.00%</div>
            </td>
            <td style="width: 21.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">Koch Shipping Pte. Ltd.</div>
            </td>
            <td style="width: 10.57%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">09-Jun-22</div>
            </td>
            <td style="width: 20.33%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">09-Oct-22 &#8211; 09-Jan-23</div>
            </td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.51%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">4</div>
            </td>
            <td style="width: 12.75%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">BALTIMORE</div>
            </td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 11.38%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">-</div>
            </td>
            <td style="width: 8.13%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">-</div>
            </td>
            <td style="width: 21.95%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">-</div>
            </td>
            <td style="width: 10.57%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">-</div>
            </td>
            <td style="width: 20.33%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">-</div>
            </td>
            <td style="width: 5.69%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.51%; vertical-align: top; font-family: 'Times New Roman',Times,serif; padding-bottom: 2px;">&#160;</td>
            <td style="width: 12.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">2005&#160; &#160; 177,243</div>
            </td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 11.38%; vertical-align: middle; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 8.13%; vertical-align: middle; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 21.95%; vertical-align: middle; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 10.57%; vertical-align: middle; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 20.33%; vertical-align: middle; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 5.69%; vertical-align: middle; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">* Each dry bulk carrier is a "sister ship", or closely similar, to other dry bulk carriers that have the same letter.</div>
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          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">** Total commission percentage paid to third parties.</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 9pt;">*** The vessels were contributed to the Company following a spin-off transaction effected on November 29, 2021.</div>
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          <tr>
            <td colspan="9" style="width: 100%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
              <div style="text-align: justify; margin-right: 5.25pt; color: rgb(0, 0, 0); font-size: 9pt;">**** Range of redelivery dates, with the actual date of redelivery being at the Charterers' option, but subject to the terms, conditions, and
                exceptions of the particular charterparty.</div>
              <div style="text-align: justify; margin-right: 5.4pt; color: rgb(0, 0, 0); font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> Vessel on scheduled drydocking from June 7, 2022 to July 17, 2022</div>
              <div style="text-align: justify; margin-right: 5.4pt; color: rgb(0, 0, 0); font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2 </sup>Agreed charter hire rate is subject to re-delivery port of the vessel</div>
              <div style="text-align: justify; margin-right: 5.4pt; color: rgb(0, 0, 0); font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3 </sup>Expected date of delivery to the Company in the third quarter of 2022</div>
              <div>&#160;</div>
              <div>&#160;</div>
              <div>&#160;</div>
              <div>&#160;</div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="9" style="width: 100%; vertical-align: top;">&#160;</td>
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      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      <div>
        <div><br>
        </div>
      </div>
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              <div style="color: #000000; font-family: 'Calibri Light', sans-serif; font-weight: bold;">Summary of Selected Financial &amp; Other Data (unaudited)</div>
            </td>
            <td nowrap="nowrap" style="width: 1.57%; vertical-align: middle;">
              <div style="color: #000000; font-family: 'Calibri Light', sans-serif; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 13.18%; vertical-align: top;">&#160;</td>
            <td style="width: 13.18%; vertical-align: top;">&#160;</td>
            <td style="width: 30.51%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div style="margin-bottom: 10pt;"></div>
      <div style="margin-bottom: 10pt;">
        <div><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" id="zca9bf41b82544d1e864289053d8757f0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
                <td style="width: 39.32%; vertical-align: middle; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
                <td style="width: 3.11%; vertical-align: middle; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
                <td style="width: 2.82%; vertical-align: middle; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
                <td style="width: 5.52%; vertical-align: middle; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
                <td style="width: 16.95%; vertical-align: middle; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle; font-family: 'Times New Roman'; padding-bottom: 2px;" rowspan="1">&#160;</td>
                <td style="width: 39.32%; vertical-align: middle; font-family: 'Times New Roman'; padding-bottom: 2px;" rowspan="1">&#160;</td>
                <td style="width: 3.11%; vertical-align: middle; font-family: 'Times New Roman'; padding-bottom: 2px;" rowspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle; font-family: 'Times New Roman'; font-weight: bold; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
                  <div style="text-align: center;">&#160;Three months ended</div>
                  <div style="text-align: center;"> June 30,2022<br>
                  </div>
                </td>
                <td style="width: 2.82%; vertical-align: middle; font-family: 'Times New Roman'; padding-bottom: 2px;" rowspan="1">&#160;</td>
                <td style="width: 5.52%; vertical-align: middle; font-family: 'Times New Roman'; padding-bottom: 2px;" rowspan="1">&#160;</td>
                <td style="width: 16.95%; vertical-align: middle; font-family: 'Times New Roman'; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
                  <div style="text-align: center;">&#160;<font style="font-weight: bold;">Six months ended</font></div>
                  <div style="text-align: center;"><font style="font-weight: bold;"> June 30, 2022</font><br>
                  </div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle; font-weight: bold; font-family: 'Times New Roman';" rowspan="1" colspan="2">STATEMENT OF OPERATIONS DATA (in thousands of US Dollars)</td>
                <td style="width: 3.11%; vertical-align: middle; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
                <td style="width: 2.82%; vertical-align: middle; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
                <td style="width: 5.52%; vertical-align: middle; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
                <td style="width: 16.95%; vertical-align: middle; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">&#160;</div>
                </td>
                <td style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Time charter revenues</div>
                </td>
                <td style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; text-align: right;">$</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">4,566</div>
                </td>
                <td style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; text-align: right;">$</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">8,246</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">&#160;</div>
                </td>
                <td style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Voyage expenses</div>
                </td>
                <td style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">390</div>
                </td>
                <td style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">597</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">&#160;</div>
                </td>
                <td style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Vessel operating expenses</div>
                </td>
                <td style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">1,651</div>
                </td>
                <td style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">2,936</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">&#160;</div>
                </td>
                <td style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Net income and comprehensive income</div>
                </td>
                <td style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">648</div>
                </td>
                <td style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">1,062</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">&#160;</div>
                </td>
                <td style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Net income/(loss) attributed to common stockholders</div>
                </td>
                <td style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">157</div>
                </td>
                <td style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">(277)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.52%; vertical-align: middle;" colspan="5">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">FLEET DATA</div>
                </td>
                <td style="width: 5.52%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
                <td style="width: 16.95%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Average number of vessels</div>
                </td>
                <td nowrap="nowrap" style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">3</div>
                </td>
                <td nowrap="nowrap" style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">3</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Number of vessels</div>
                </td>
                <td nowrap="nowrap" style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">3</div>
                </td>
                <td nowrap="nowrap" style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">3</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Weighted average age of vessels</div>
                </td>
                <td nowrap="nowrap" style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">17.2</div>
                </td>
                <td nowrap="nowrap" style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">17.2</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Ownership days</div>
                </td>
                <td nowrap="nowrap" style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">273</div>
                </td>
                <td nowrap="nowrap" style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">543</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Available days</div>
                </td>
                <td nowrap="nowrap" style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">246</div>
                </td>
                <td nowrap="nowrap" style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">516</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Operating days</div>
                </td>
                <td nowrap="nowrap" style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">241</div>
                </td>
                <td nowrap="nowrap" style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">498</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Fleet utilization</div>
                </td>
                <td nowrap="nowrap" style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">98%</div>
                </td>
                <td nowrap="nowrap" style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">96.5%</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.52%; vertical-align: middle;" colspan="5">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">AVERAGE DAILY RESULTS</div>
                </td>
                <td style="width: 5.52%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
                <td style="width: 16.95%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Time charter equivalent (TCE) rate (1)</div>
                </td>
                <td style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; text-align: right;">$</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">16,976</div>
                </td>
                <td style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; text-align: right;">$</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">14,824</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 11.41%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 39.32%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Daily vessel operating expenses (2)</div>
                </td>
                <td style="width: 3.11%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; text-align: right;">$</div>
                </td>
                <td nowrap="nowrap" style="width: 20.86%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">6,048</div>
                </td>
                <td style="width: 2.82%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 5.52%; vertical-align: middle;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; text-align: right;">$</div>
                </td>
                <td style="width: 16.95%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman';">5,407</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="font-family: 'Calibri Light', sans-serif; font-weight: bold;">Non-GAAP Measures</div>
      </div>
      <div>
        <div style="text-align: justify; text-indent: -36pt; margin-left: 36pt;"><font style="font-family: 'Calibri Light', sans-serif;"> </font><br>
        </div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2020ea76969042c7a94a32d9a05decdf">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right; font-family: 'Calibri Light', sans-serif;">(1)</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: 'Calibri Light', sans-serif;">Time charter equivalent rates, or TCE rates, are defined as our time charter revenues less voyage expenses during a period divided by the number of our available days during the period,
                  which is consistent with industry standards.&#160; Voyage expenses include port charges, bunker (fuel) expenses, canal charges and commissions.&#160; TCE is a non-GAAP measure.&#160; TCE rate is a standard shipping industry performance measure used
                  primarily to compare daily earnings generated by vessels on time charters with daily earnings generated by vessels on voyage charters, because charter hire rates for vessels on voyage charters are generally not expressed in per day
                  amounts while charter hire rates for vessels on time charters are generally expressed in such amounts.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <div style="text-align: justify;"><br>
        </div>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4052a4b533aa441aa1ccf0a5193e1bee">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right; font-family: 'Calibri Light', sans-serif;">(2)</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: 'Calibri Light', sans-serif;">Daily vessel operating expenses, which include crew wages and related costs, the cost of insurance, expenses relating to repairs and maintenance, the costs of spares and consumable
                  stores, tonnage taxes and other miscellaneous expenses, are calculated by dividing vessel operating expenses by ownership days for the relevant period.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <div><br>
        </div>
      </div>
      <div>
        <div><br>
        </div>
      </div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">About the Company</div>
      <font style="font-family: 'Times New Roman';"> </font>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman';">OceanPal Inc. is a global provider of shipping transportation services through its ownership of vessels. The Company&#8217;s vessels currently transport a range of dry
        bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes and it is expected that the Company&#8217;s vessels will be primarily employed on short term time and voyage charters following the
        completion of their current employments.</div>
      <font style="font-family: 'Times New Roman';"> </font>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Forward Looking Statements</div>
      <font style="font-family: 'Times New Roman';"> </font>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman';">Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor
        protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or
        performance, and underlying assumptions and other statements.</div>
      <font style="font-family: 'Times New Roman';"> </font>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman';">The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary
        statement in connection with this safe harbor legislation. The words &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intends,&#8221; &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;pending&#8221; and similar expressions identify forward-looking
        statements.</div>
      <font style="font-family: 'Times New Roman';"> </font>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman';">The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including
        without limitation, Company management&#8217;s examination of historical operating trends, data contained in the Company&#8217;s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when
        made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company&#8217;s control, the Company cannot assure you that it will achieve or accomplish
        these expectations, beliefs or projections.</div>
      <font style="font-family: 'Times New Roman';"> </font>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman';">In addition to these important factors, other important factors that, in the Company&#8217;s view, could cause actual results to differ materially from those discussed
        in the forward-looking statements include the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses&#8217; and governments&#8217; responses to the pandemic on our operations, personnel, and on the demand
        for seaborne transportation of bulk products; the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the
        Company&#8217;s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company&#8217;s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory
        authorities, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential
        disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see the Company&#8217;s filings with the U.S. Securities and Exchange Commission for a more complete discussion of
        these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.</div>
      <div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">(See financial tables attached)</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="page-break-after:always;" id="DSPFPageBreak">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" id="zcc7959f322464b148dfe7fb57ea13696" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 11.44%; vertical-align: top;" colspan="2">&#160;</td>
                <td nowrap="nowrap" style="width: 88.56%; vertical-align: middle;" colspan="7">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">OCEANPAL INC.</div>
                </td>
              </tr>
              <tr>
                <td style="width: 11.44%; vertical-align: top;" colspan="2">&#160;</td>
                <td nowrap="nowrap" style="width: 88.56%; vertical-align: middle;" colspan="7">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">FINANCIAL TABLES</div>
                </td>
              </tr>
              <tr>
                <td style="width: 11.44%; vertical-align: top;" colspan="2">&#160;</td>
                <td nowrap="nowrap" style="width: 88.56%; vertical-align: middle;" colspan="7">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Expressed in thousands of U.S. Dollars, except share and per share data</div>
                </td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: middle;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 44.02%; vertical-align: middle;" colspan="2">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 3.51%; vertical-align: middle;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 13.92%; vertical-align: middle;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: middle;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;</div>
                </td>
                <td style="width: 11.72%; vertical-align: top;">&#160;</td>
                <td style="width: 8.66%; vertical-align: top;">&#160;</td>
                <td style="width: 13.03%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 11.44%; vertical-align: top;" colspan="2">&#160;</td>
                <td nowrap="nowrap" style="width: 88.56%; vertical-align: middle;" colspan="7">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)</div>
                </td>
              </tr>

          </table>
          <div style="margin-bottom: 10pt;"><br>
          </div>
          <table cellspacing="0" cellpadding="0" id="zd74bf59cd86a4878a3934047017b5d6e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td nowrap="nowrap" style="width: 46.55%; vertical-align: middle;" colspan="2">&#160;</td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">&#160;</td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle; border-bottom: #000000 4px double;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Three months</div>
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">ended June</div>
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">30, 2022</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">&#160;</td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top; border-bottom: #000000 4px double;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Six months</div>
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">ended June</div>
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">30, 2022</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 46.55%; vertical-align: middle;" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">REVENUES:</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top;">&#160;</td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 43.98%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">Time charter revenues</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">$</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">4,566</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
                </td>
                <td style="width: 14.2%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">8,246</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 46.55%; vertical-align: middle;" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">EXPENSES:</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top;">&#160;</td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 43.98%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">Voyage expenses</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">390</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">597</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 43.98%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">Vessel operating expenses</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">1,651</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">2,936</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 43.98%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">Depreciation</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">1,018</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">2,024</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 43.98%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">General and administrative expenses</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">666</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">1,224</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 43.98%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">Management fees to related parties</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">201</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">411</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: middle;">&#160;</td>
                <td nowrap="nowrap" style="width: 43.98%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">Other operating income</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">&#160;</td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">(8)</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">&#160;</td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">(8)</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 43.98%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Operating income</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">$</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">648</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
                </td>
                <td style="width: 14.2%; vertical-align: top; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">1,062</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 43.98%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top;">&#160;</td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 46.55%; vertical-align: middle;" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Net income and comprehensive income</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">$</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">648</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
                </td>
                <td style="width: 14.2%; vertical-align: top; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">1,062</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td nowrap="nowrap" style="width: 46.55%; vertical-align: middle;" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">Dividends on series C preferred shares</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">(271)</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">(471)</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 46.55%; vertical-align: middle;" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">Dividends on class A warrants</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">&#160;</td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">(144)</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">&#160;</td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">(868)</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 46.55%; vertical-align: middle;" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">Undistributed earnings on class A warrants</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">&#160;</td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">(76)</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">&#160;</td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">-</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 46.55%; vertical-align: middle; padding-bottom: 2px;" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Net income/(loss) attributed to common stockholders</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle; padding-bottom: 2px;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">$&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">157</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom; padding-bottom: 2px;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top; padding-bottom: 2px;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">$</div>
                </td>
                <td style="width: 14.2%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">(277)</div>
                </td>
                <td style="width: 13.89%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 46.55%; vertical-align: middle;" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Earnings/(Loss) per common share, basic</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">&#160;</td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">0.01</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">&#160;</td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">(0.01)</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 46.55%; vertical-align: middle;" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Earnings/(Loss) per common share, diluted</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">$</div>
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                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">0.01</div>
                </td>
                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">$</div>
                </td>
                <td style="width: 14.2%; vertical-align: top; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">(0.01)</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 46.55%; vertical-align: middle;" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Weighted average number of common shares, basic</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">29,829,092</div>
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                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">25,691,205</div>
                </td>
                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 46.55%; vertical-align: middle;" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Weighted average number of common shares, diluted</div>
                </td>
                <td nowrap="nowrap" style="width: 3.53%; vertical-align: middle;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td nowrap="nowrap" style="width: 13.91%; vertical-align: middle; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">29,829,092</div>
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                <td nowrap="nowrap" style="width: 2.57%; vertical-align: bottom;">
                  <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
                </td>
                <td style="width: 2.29%; vertical-align: top;">&#160;</td>
                <td style="width: 3.07%; vertical-align: top;">&#160;</td>
                <td style="width: 14.2%; vertical-align: top; border-bottom: #000000 4px double;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">25,691,205</div>
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                <td style="width: 13.89%; vertical-align: top;">&#160;</td>
              </tr>

          </table>
        </div>
        <div>
          <div>
            <div><br>
            </div>
          </div>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z0c970253e06e400cb87960540dd4edc6">

          <tr>
            <td style="width: 4.62%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 4.62%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td colspan="6" style="width: 90.76%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">CONDENSED CONSOLIDATED BALANCE SHEET DATA</div>
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          <tr>
            <td style="width: 4.62%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 4.62%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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            <td colspan="3" style="width: 13.96%; vertical-align: middle;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <td style="width: 47.7%; vertical-align: middle;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <td style="width: 4.29%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 15.6%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</div>
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              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</div>
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            <td nowrap="nowrap" style="width: 47.7%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <td style="width: 4.29%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
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              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">June 30, 2022</div>
            </td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">December 31, 2021*</div>
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          <tr>
            <td colspan="4" style="width: 61.66%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>ASSETS</u></div>
            </td>
            <td style="width: 4.29%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 15.6%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;(unaudited)</div>
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            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          </tr>
          <tr>
            <td colspan="3" style="width: 13.96%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 47.7%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 15.6%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="4" style="width: 61.66%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Cash and cash equivalents</div>
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            <td style="width: 4.29%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">$</div>
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            <td style="width: 15.6%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">10,989</div>
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            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">$</div>
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            <td style="width: 14.16%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">1,673</div>
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          <tr>
            <td colspan="4" style="width: 61.66%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Other current assets</div>
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            <td style="width: 4.29%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 15.6%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">2,844</div>
            </td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">1,527</div>
            </td>
          </tr>
          <tr>
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              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Advances for vessel acquisitions</div>
            </td>
            <td style="width: 4.29%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 15.6%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">4,400</div>
            </td>
            <td style="width: 4.29%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 14.16%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">-</div>
            </td>
          </tr>
          <tr>
            <td colspan="4" style="width: 61.66%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Vessels, net</div>
            </td>
            <td style="width: 4.29%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 15.6%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">44,082</div>
            </td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">45,728</div>
            </td>
          </tr>
          <tr>
            <td colspan="4" style="width: 61.66%; vertical-align: middle; padding-bottom: 2px;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Other non-current assets</div>
            </td>
            <td style="width: 4.29%; vertical-align: top; font-family: 'Times New Roman',Times,serif; padding-bottom: 2px;">&#160;</td>
            <td style="width: 15.6%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">810</div>
            </td>
            <td style="width: 4.29%; vertical-align: middle; padding-bottom: 2px;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">152</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" colspan="4" style="width: 61.66%; vertical-align: middle;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Total assets</div>
            </td>
            <td style="width: 4.29%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">$</div>
            </td>
            <td style="width: 15.6%; vertical-align: middle; border-bottom: #000000 4px double;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">63,125</div>
            </td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">$</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle; border-bottom: #000000 4px double;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">49,080</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" style="width: 13.96%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 47.7%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
            <td style="width: 15.6%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="4" style="width: 61.66%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>LIABILITIES AND STOCKHOLDERS' EQUITY</u></div>
            </td>
            <td style="width: 4.29%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 15.6%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" colspan="3" style="width: 13.96%; vertical-align: middle;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 47.7%; vertical-align: middle;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
            <td style="width: 15.6%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="4" style="width: 61.66%; vertical-align: middle;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Current liabilities</div>
            </td>
            <td style="width: 4.29%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">$</div>
            </td>
            <td style="width: 15.6%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">2,207</div>
            </td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">$</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">931</div>
            </td>
          </tr>
          <tr>
            <td colspan="4" style="width: 61.66%; vertical-align: middle; padding-bottom: 2px;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Total stockholders' equity</div>
            </td>
            <td style="width: 4.29%; vertical-align: top; font-family: 'Times New Roman',Times,serif; padding-bottom: 2px;">&#160;</td>
            <td style="width: 15.6%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">60,918</div>
            </td>
            <td style="width: 4.29%; vertical-align: middle; padding-bottom: 2px;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">48,149</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" colspan="4" style="width: 61.66%; vertical-align: middle;">
              <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Total liabilities and stockholders' equity</div>
            </td>
            <td style="width: 4.29%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">$</div>
            </td>
            <td style="width: 15.6%; vertical-align: middle; border-bottom: #000000 4px double;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">63,125</div>
            </td>
            <td style="width: 4.29%; vertical-align: middle;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">$</div>
            </td>
            <td style="width: 14.16%; vertical-align: middle; border-bottom: #000000 4px double;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">49,080</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="font-family: 'Times New Roman',Times,serif;">*The balance sheet data have been derived from the audited consolidated financial statements at that date.</div>
      <font style="font-family: 'Times New Roman',Times,serif;"> </font>
      <div><font style="font-family: 'Times New Roman',Times,serif;"><br>
        </font> </div>
      <br>
      <table cellspacing="0" cellpadding="0" id="zd0d93c4b0277408189a5626e5c882485" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 74.68%; vertical-align: top;" colspan="4">
              <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">OTHER FINANCIAL DATA (unaudited)</div>
            </td>
            <td style="width: 3.68%; vertical-align: top;">&#160;</td>
            <td style="width: 2.73%; vertical-align: top;">&#160;</td>
            <td style="width: 8.33%; vertical-align: top;">&#160;</td>
            <td nowrap="nowrap" style="width: 10.5%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            </td>
            <td style="width: 0.08%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 11.03%; vertical-align: top; padding-bottom: 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 38.12%; vertical-align: top; padding-bottom: 2px;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            </td>
            <td style="width: 3.68%; vertical-align: top; padding-bottom: 2px;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 21.86%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Three months</div>
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">ended June 30,</div>
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">2022</div>
            </td>
            <td style="width: 3.68%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 2.73%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 18.91%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Six months</div>
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">ended June 30,</div>
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">2022&#160;</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 11.03%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 38.12%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            </td>
            <td style="width: 3.68%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            </td>
            <td style="width: 21.86%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            </td>
            <td style="width: 3.68%; vertical-align: top;">&#160;</td>
            <td style="width: 2.73%; vertical-align: top;">&#160;</td>
            <td style="width: 8.33%; vertical-align: top;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 10.58%; vertical-align: top;" colspan="2">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.15%; vertical-align: top;" colspan="2">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Net cash provided by operating activities</div>
            </td>
            <td nowrap="nowrap" style="width: 3.68%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 21.86%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">362</div>
            </td>
            <td style="width: 3.68%; vertical-align: top;">&#160;</td>
            <td style="width: 2.73%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td style="width: 8.33%; vertical-align: top;">&#160;</td>
            <td nowrap="nowrap" style="width: 10.58%; vertical-align: top;" colspan="2">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">2,374</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.15%; vertical-align: top;" colspan="2">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Net cash used in investing activities</div>
            </td>
            <td nowrap="nowrap" style="width: 3.68%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 21.86%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">(4,778)</div>
            </td>
            <td style="width: 3.68%; vertical-align: top;">&#160;</td>
            <td style="width: 2.73%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td style="width: 8.33%; vertical-align: top;">&#160;</td>
            <td nowrap="nowrap" style="width: 10.58%; vertical-align: top;" colspan="2">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(4,778)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.15%; vertical-align: top;" colspan="2">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">Net cash (used in)/provided by financing activities</div>
            </td>
            <td nowrap="nowrap" style="width: 3.68%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td nowrap="nowrap" style="width: 21.86%; vertical-align: top;">
              <div style="text-align: right; color: #000000; font-family: 'Times New Roman', serif;">(2,906)</div>
            </td>
            <td style="width: 3.68%; vertical-align: top;">&#160;</td>
            <td style="width: 2.73%; vertical-align: top;">
              <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
            </td>
            <td style="width: 8.33%; vertical-align: top;">&#160;</td>
            <td nowrap="nowrap" style="width: 10.58%; vertical-align: top;" colspan="2">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">11,720</div>
            </td>
          </tr>

      </table>
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</SEC-DOCUMENT>
