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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents (Note 2(e)) $ 7,160 $ 14,841
Accounts receivable trade, net (Note 2(f)) 3,064 2,963
Inventories (Note 2(g)) 1,598 287
Prepaid expenses and other assets, net (Note 6) 2,198 895
Insurance claims (Note 2(i)) 92 1,058
Total current assets 14,112 20,044
FIXED ASSETS:    
Vessels, net (Notes 2(j), 2(l) and 5) 71,263 71,100
Total fixed assets 71,263 71,100
OTHER NON-CURRENT ASSETS:    
Deferred charges, net (Note 2(n)) 1,117 2,056
Equity method investment (Notes 2(h) and 4) 2,970 1,645
Total assets 89,462 94,845
CURRENT LIABILITIES:    
Accounts payable, trade and other 1,853 405
Due to related parties (Notes 3(a),3(b), and 3(h)) $ 458 $ 474
Other Liability, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Dividends payable (Note 7(c)) $ 177 $ 110
Accrued liabilities 2,420 898
Unearned revenue (Note 2(p)) 184 399
Total current liabilities 5,092 2,286
Commitments and contingencies (Note 6)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value; 100,000,000 shares authorized, 533,136 issued and outstanding as of December 31, 2024, and 520,459 issued and outstanding as of December 31, 2023 (Note 7) 5 5
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 7,504,982 issued and outstanding as of December 31, 2024, and 7,448,601 issued and outstanding as of December 31, 2023 (Note 7) 75 74
Additional paid-in capital (Note 7) 110,198 100,500
Accumulated deficit (25,908) (8,020)
Total stockholders' equity 84,370 92,559
Total liabilities and stockholders' equity $ 89,462 $ 94,845