<SEC-DOCUMENT>0000919574-25-002358.txt : 20250409
<SEC-HEADER>0000919574-25-002358.hdr.sgml : 20250409
<ACCEPTANCE-DATETIME>20250409163849
ACCESSION NUMBER:		0000919574-25-002358
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20241231
FILED AS OF DATE:		20250409
DATE AS OF CHANGE:		20250409

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OceanPal Inc.
		CENTRAL INDEX KEY:			0001869467
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				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:		25825628

	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>d11778646_6-k.htm
<TEXT>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">FORM 6-K</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">WASHINGTON, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; 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; color: #000000; 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; color: #000000; font-family: 'Times New Roman', serif;">For the month of April 2025</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Commission File Number: 001-40930</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">OCEANPAL INC.</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(Translation of registrant's name into English)</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Pendelis 26, 175 64 Palaio Faliro, Athens, Greece</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(Address of principal executive office)</div>
    <div><br>
    </div>
    <div style="color: #000000; 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>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">Form 20-F <font style="font-family: 'Segoe UI Emoji', sans-serif;">&#9746;</font> Form 40-F <font style="font-family: 'Segoe UI Emoji', sans-serif;">&#9744;</font></div>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Attached to this Report on Form 6-K as <a href="d11778646_ex99-1.htm">Exhibit 99.1</a>
      is a press release dated April 9, 2025 of OceanPal Inc. (the "Company"), announcing the Company&#8217;s financial results for the fourth quarter and year ended December 31, 2024.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company&#8217;s registration statement on Form F-3 (File Nos.
      333-269961 and 333-273073) that were filed with the U.S. Securities and Exchange Commission and became effective on April 18, 2023 and July 14, 2023, respectively.</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;"> <br>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="color: #000000; 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="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 56.55%; vertical-align: top;" colspan="2">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">OCEANPAL INC.</div>
          </td>
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          <td style="width: 43.45%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 56.55%; vertical-align: top;" colspan="2">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(registrant)</div>
          </td>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 56.55%; vertical-align: top;" colspan="2">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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          <td style="width: 43.45%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Dated: April 9, 2025</div>
          </td>
          <td style="width: 56.55%; vertical-align: top;" colspan="2">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 7.59%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">By:</div>
          </td>
          <td style="width: 48.96%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">/s/ Vasiliki Plousaki</div>
          </td>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 7.59%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 48.96%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Vasiliki Plousaki</div>
          </td>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 7.59%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 48.96%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Chief Financial Officer</div>
          </td>
        </tr>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d11778646_ex99-1.htm
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
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            <div style="font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Corporate Contact:</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Margarita Veniou</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Chief Corporate Development &amp; Governance Officer and Secretary</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Telephone: +30-210-9485-360</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Email: <font style="color: #0000FF;"><u>mveniou@oceanpal.com</u></font></div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Website: <font style="color: #0000FF;"><u>www.oceanpal.com</u></font></div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', serif;">X: <font style="color: #0000FF;"><u>@OceanPal_Inc</u></font></div>
          </td>
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            <div style="text-align: justify; font-family: 'Times New Roman', serif;">For Immediate Release</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Edward Nebb</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Comm-Counsellors, LLC</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Telephone: + 1-203-972-8350</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Email: <font style="color: #0000FF;"><u>enebb@optonline.net</u></font></div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">OCEANPAL INC. REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2024</div>
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    <div>
      <div style="text-align: justify; font-family: 'Times New Roman', serif;">ATHENS, GREECE, April 9, 2025 &#8211; OceanPal Inc. (NASDAQ: OP) (the &#8220;Company&#8221;), a global shipping company specializing in the ownership of vessels, today reported vessel revenues of
        $5.8 million, a net loss of $8.2 million and net loss attributed to common stockholders of $8.8 million for the fourth quarter of 2024. This compares to vessel revenues of $5.8 million, a net income of $58 thousand and net loss attributed to common
        stockholders of $2.8 million for the fourth quarter of 2023.</div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">For the year ended December 31, 2024, the Company reported vessel revenues of $25.7 million, a net loss of $17.9 million and net loss attributed to common
        stockholders of $19.7 million. This compares to vessel revenues of $19.0 million, a net loss of $2.0 million and net loss attributed to common stockholders of $6.7 million for the year ended December 31, 2023.</div>
      <div><br>
      </div>
    </div>
    <div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">-1-</font></div>
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      <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Fleet Employment Profile (As of April 9, 2025)</div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">OceanPal Inc.&#8217;s fleet is employed as follows:</div>
    </div>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z74f5176c769048f1a0e6a4c8f3df121d">

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          <td style="vertical-align: bottom; width: 3.05%;">&#160;</td>
          <td style="border-top: 2px solid #000000; vertical-align: bottom; width: 14.96%;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Dry Bulk Vessels</div>
          </td>
          <td rowspan="2" style="border-bottom: 2px solid; border-top: 2px solid #000000; vertical-align: middle; width: 10.78%;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Gross Rate (USD/Day)</div>
          </td>
          <td rowspan="2" style="border-bottom: 2px solid; border-top: 2px solid #000000; vertical-align: middle; width: 8.06%;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Com*</div>
          </td>
          <td rowspan="2" style="border-bottom: 2px solid; border-top: 2px solid #000000; vertical-align: middle; width: 28.11%;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Charterers</div>
          </td>
          <td rowspan="2" style="border-bottom: 2px solid; border-top: 2px solid #000000; vertical-align: middle; width: 11.59%;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Delivery Date to Charterers**</div>
          </td>
          <td rowspan="2" style="border-bottom: 2px solid; border-top: 2px solid #000000; vertical-align: middle; width: 18.61%;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Redelivery Date to Owners***</div>
          </td>
          <td rowspan="2" style="border-bottom: 2px solid; border-top: 2px solid #000000; vertical-align: middle; width: 4.84%;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Notes</div>
          </td>
        </tr>
        <tr>
          <td nowrap="nowrap" style="width: 3.05%; vertical-align: bottom;">&#160;</td>
          <td style="width: 14.96%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">BUILT&#160; &#160; DWT</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; width: 3.05%;">&#160;</td>
          <td style="width: 14.96%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.78%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 8.06%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 28.11%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">3 Panamax Bulk Carriers</div>
          </td>
          <td style="width: 11.59%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 18.61%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 4.84%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;">1</div>
          </td>
          <td style="width: 14.96%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">PROTEFS</div>
          </td>
          <td style="width: 10.78%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$9,400</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 28.11%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">JOINT VISION SHIPPING CO., LIMITED</div>
          </td>
          <td style="width: 11.59%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">12-Sep-24</div>
          </td>
          <td style="width: 18.61%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">03-Oct-24</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">2004&#160; &#160;&#160; 73,630</div>
          </td>
          <td style="width: 10.78%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$11,750</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td rowspan="2" style="width: 28.11%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">ORIENTAL PAL SHIPPING PTE. LTD.</div>
          </td>
          <td style="width: 11.59%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">03-Oct-24</div>
          </td>
          <td style="width: 18.61%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">21-Oct-24</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: top;">&#160;</td>
          <td style="width: 10.78%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$10,000</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 11.59%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">21-Oct-24</div>
          </td>
          <td style="width: 18.61%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">15-Nov-24</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: top;">&#160;</td>
          <td style="width: 10.78%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$9,000</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 28.11%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">PASSSPARTOUT SHIPPING LIMED</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">15-Nov-24</div>
          </td>
          <td style="width: 18.61%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">13-Dec-24</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: top;">&#160;</td>
          <td style="width: 10.78%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$4,150</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td rowspan="2" style="width: 28.11%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">TONGLI SHIPPING PTE. LTD.</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">13-Dec-24</div>
          </td>
          <td style="width: 18.61%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">06-Jan-25</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: top;">&#160;</td>
          <td style="width: 10.78%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$1,750</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">06-Jan-25</div>
          </td>
          <td style="width: 18.61%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">24-Jan-25</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: middle;">&#160;</td>
          <td style="width: 10.78%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$4,250</div>
          </td>
          <td style="width: 8.06%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 28.11%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">PASSSPARTOUT SHIPPING LIMITED</div>
          </td>
          <td style="width: 11.59%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">30-Jan-25</div>
          </td>
          <td style="width: 18.61%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">15-Feb-25</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: middle;">&#160;</td>
          <td style="width: 10.78%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$3,200</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 28.11%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">FULLINKS MARINE COMPANY LIMITED</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">15-Feb-25</div>
          </td>
          <td style="width: 18.61%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">16-Mar-25</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: middle;">&#160;</td>
          <td style="width: 10.78%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$6,250</div>
          </td>
          <td style="width: 8.06%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 28.11%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">ITG SHIPPING PTE. LTD.</div>
          </td>
          <td style="width: 11.59%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">16-Mar-25</div>
          </td>
          <td style="width: 18.61%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">08-Apr-25</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.78%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$8,500</div>
          </td>
          <td style="width: 8.06%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 28.11%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">TONGLI SHIPPING PTE. LTD.</div>
          </td>
          <td style="width: 11.59%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">08-Apr-25</div>
          </td>
          <td style="width: 18.61%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">28-Apr-25</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">1</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">2</div>
          </td>
          <td style="width: 14.96%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">CALIPSO</div>
          </td>
          <td style="width: 10.78%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$10,150</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 28.11%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">ASL BULK SHIPPING LIMITED</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">03-Sep-24</div>
          </td>
          <td style="width: 18.61%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">08-Jan-25</div>
          </td>
          <td style="width: 4.84%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">2005&#160;&#160; &#160; 73,691</div>
          </td>
          <td style="width: 10.78%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$2,850</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">4.75%</div>
          </td>
          <td style="width: 28.11%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">CARGILL INTERNATIONAL S.A.</div>
          </td>
          <td style="width: 11.59%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">08-Jan-25</div>
          </td>
          <td style="width: 18.61%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">19-Mar-25</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.78%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$9,000</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 28.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">FULLINKS MARINE COMPANY LIMITED</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">19-Mar-25</div>
          </td>
          <td style="width: 18.61%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">12-Apr-25</div>
          </td>
          <td style="width: 4.84%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">2</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">3</div>
          </td>
          <td style="width: 14.96%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">MELIA</div>
          </td>
          <td style="width: 10.78%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$11,750</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 28.11%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">CHINA RESOURCE CHARTERING LIMITED</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">04-Aug-24</div>
          </td>
          <td style="width: 18.61%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">07-Dec-24</div>
          </td>
          <td style="width: 4.84%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">3</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">2005&#160; &#160; 76,225</div>
          </td>
          <td style="width: 10.78%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$7,100</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 28.11%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">CHINA RESOURCE CHARTERING LIMITED</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">09-Jan-25</div>
          </td>
          <td style="width: 18.61%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">25-May-25 - 24-Aug-25</div>
          </td>
          <td style="width: 4.84%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">4</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.78%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 8.06%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 28.11%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">2 Capesize Bulk Carriers</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 18.61%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 4.84%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">4</div>
          </td>
          <td style="width: 14.96%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">SALT LAKE CITY</div>
          </td>
          <td style="width: 10.78%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$26,850</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td rowspan="2" style="width: 28.11%; vertical-align: middle;">
            <div>&#160;</div>
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">RICHLAND BULK PTE. LTD.</div>
            <div>&#160;</div>
          </td>
          <td style="width: 11.59%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">21-Sep-24</div>
          </td>
          <td style="width: 18.61%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">06-Nov-24</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">2005&#160; &#160;171,810</div>
          </td>
          <td style="width: 10.78%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$15,600</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 11.59%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">06-Nov-24</div>
          </td>
          <td style="width: 18.61%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">19-Dec-24</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.78%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$6,000</div>
          </td>
          <td style="width: 8.06%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 28.11%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">DEYESION SHIPPING &amp; TRADING COMPANY LIMITED</div>
          </td>
          <td style="width: 11.59%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">19-Dec-24</div>
          </td>
          <td style="width: 18.61%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">30-Jan-25</div>
          </td>
          <td style="width: 4.84%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5</div>
          </td>
          <td style="width: 14.96%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">BALTIMORE</div>
          </td>
          <td style="width: 10.78%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$22,000</div>
          </td>
          <td style="width: 8.06%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">5.00%</div>
          </td>
          <td style="width: 28.11%; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">RICHLAND BULK PTE. LTD.</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">09-May-24</div>
          </td>
          <td style="width: 18.61%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">18-Nov-24</div>
          </td>
          <td style="width: 4.84%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">6</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">2005&#160; &#160; 177,243</div>
          </td>
          <td style="width: 10.78%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 8.06%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 28.11%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 11.59%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 18.61%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 4.84%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.78%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 8.06%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 28.11%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 11.59%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 18.61%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 4.84%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: bottom;">&#160;</td>
          <td style="width: 14.96%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Tanker Vessel</div>
          </td>
          <td rowspan="2" style="width: 10.78%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Employment</div>
          </td>
          <td rowspan="2" style="width: 8.06%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Com*</div>
          </td>
          <td rowspan="2" style="width: 28.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Charterers</div>
          </td>
          <td rowspan="2" style="width: 11.59%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Delivery Date to Charterers**</div>
          </td>
          <td rowspan="2" style="width: 18.61%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Redelivery Date to Owners***</div>
          </td>
          <td rowspan="2" style="width: 4.84%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Notes</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">BUILT&#160; &#160; DWT</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.78%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 8.06%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 28.11%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">1 MR2 Tanker</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 18.61%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 4.84%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">6</div>
          </td>
          <td style="width: 14.96%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">ZEZE START</div>
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">2009&#160; &#160;&#160; 49,999</div>
          </td>
          <td style="width: 10.78%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">Spot</div>
          </td>
          <td style="width: 8.06%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
          </td>
          <td style="width: 28.11%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">ST SHIPPING AND TRANSPORT PTE LTD</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
          </td>
          <td style="width: 18.61%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
          </td>
          <td style="width: 4.84%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: bottom;">&#160;</td>
          <td style="width: 10.78%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">Spot</div>
          </td>
          <td style="width: 8.06%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
          </td>
          <td style="width: 28.11%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">UNION INTERNATIONAL TRADING PTE. LTD.</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
          </td>
          <td style="width: 18.61%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
          </td>
          <td style="width: 4.84%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">7</div>
          </td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: bottom;">&#160;</td>
          <td style="width: 10.78%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">Spot</div>
          </td>
          <td style="width: 8.06%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
          </td>
          <td style="width: 28.11%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">VITOL INTERNATIONAL SHIPPING PTE LTD</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
          </td>
          <td style="width: 18.61%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
          </td>
          <td style="width: 4.84%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
          <td style="width: 14.96%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.78%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">$16,750</div>
          </td>
          <td style="width: 8.06%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">1.25%</div>
          </td>
          <td style="width: 28.11%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">ABU DHABI MARINE INTERNATIONALCHARTERING HOLDINGS LIMITED</div>
          </td>
          <td style="width: 11.59%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">16-Feb-25</div>
          </td>
          <td style="width: 18.61%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">17-May-25 - 15-Aug-25</div>
          </td>
          <td style="width: 4.84%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">8</div>
          </td>
        </tr>

    </table>
    <div><br>
      <div><br>
      </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="z630819fd9343451589107c2414d61495">

            <tr>
              <td style="width: 26.95pt; vertical-align: top; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">*</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">Total commission percentage paid to third parties.</div>
              </td>
            </tr>

        </table>
        <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="z7feeb2e513714b668fd4c71d264ded8b">

            <tr>
              <td style="width: 26.95pt; vertical-align: top; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">**</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">In case of newly acquired vessel with new time charter attached, this date refers to the expected/actual date of delivery of the vessel to the Company.</div>
              </td>
            </tr>

        </table>
        <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="z3d7c1a6824954b1b9137ed5b78503c05">

            <tr>
              <td style="width: 26.95pt; vertical-align: top; color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">***</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000; font-family: 'Times New Roman', serif; 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>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="margin-bottom: 10pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1 </sup>Redelivery date on an estimated time charter trip duration of about 20 days.</div>
        <div style="margin-bottom: 10pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2 </sup>Redelivery date on an estimated time charter trip duration of about 24 days.</div>
        <div style="margin-bottom: 10pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>Vessel on scheduled drydocking during the period from December 12, 2024, to January 9, 2025.</div>
        <div style="margin-bottom: 10pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4 </sup>The charter rate will be US$3,600 per day for the first forty-four (44) days of the charter period.</div>
        <div style="margin-bottom: 10pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup> Vessel has been sold and delivered to her new Owners on February 13, 2025.</div>
        <div style="margin-bottom: 10pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6</sup> Vessel has been sold and delivered to her new Owners on November 19, 2024.</div>
        <div style="margin-bottom: 10pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup>Vessel on scheduled drydocking from October 15, 2024, until December 13, 2024.</div>
        <div style="margin-bottom: 10pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">8</sup> The charter rate will be US$19,500 per day from the 91<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup> day of the charter period until the actual redelivery date.</div>
        <div style="margin-bottom: 10pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 8pt;">For those vessels employed in the spot market and where rates are quoted the Company has calculated the estimated rates under current specific
          contracted voyages. The Company gives no guarantee that these rates are correct or that the rates are sustainable beyond the duration of the current voyage. The quoted rates are not indications of future earnings, and the Company gives no
          assurance or guarantee of future rates after the current voyage.</div>
      </div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">-2-</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <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>
    <div style="margin-bottom: 10pt;"><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Summary of Selected Financial &amp; Other Data</div>
    <div style="margin-bottom: 10pt;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" class="cfttable" id="zb9db2434918c4ae480338743ad1523cc" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Three months ended December 31,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Year ended December 31,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2024</div>
          </td>
          <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2023</div>
          </td>
          <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2024</div>
          </td>
          <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2023</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(unaudited) </div>
          </td>
          <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(unaudited)</div>
          </td>
          <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(unaudited) </div>
          </td>
          <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" colspan="4" style="vertical-align: middle;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">STATEMENT OF OPERATIONS DATA (in thousands of US Dollars)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; width: 52%; padding: 0px 0px 0px 3%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Vessel revenues</div>
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          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5,781</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5,808</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">25,702</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">18,957</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
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        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; width: 52%; padding: 0px 0px 0px 3%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Voyage expenses</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,105</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">637</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">3,710</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,940</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
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        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; width: 52%; padding: 0px 0px 0px 3%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Vessel operating expenses</div>
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          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">3,895</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,552</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">12,486</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">10,421</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; width: 52%; padding: 0px 0px 0px 3%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Net (loss)/income and comprehensive (loss)/income</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(8,189</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">58</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(17,862</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(1,977</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; width: 52%; padding: 0px 0px 0px 3%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Net loss and comprehensive loss attributed to common stockholders</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(8,792</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(2,842</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(19,729</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(6,707</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
        </tr>
        <tr>
          <td colspan="4" style="background-color: #FFFFFF; vertical-align: middle;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">FLEET DATA</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%; padding: 0px 0px 0px 3%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Average number of vessels</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5.5</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5.0</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5.2</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">4.9</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%; padding: 0px 0px 0px 3%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Number of vessels</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5.0</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5.0</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5.0</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5.0</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; width: 52%; padding: 0px 0px 0px 3%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Weighted average age of vessels</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">19.3</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">18.8</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">19.3</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">18.8</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%; padding: 0px 0px 0px 3%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Ownership days</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">509</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">460</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,901</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,787</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%; padding: 0px 0px 0px 3%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Available days</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">420</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">460</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,805</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,707</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%; padding: 0px 0px 0px 3%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Operating days</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">400</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">459</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,747</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,691</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%; padding: 0px 0px 0px 3%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Fleet utilization</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">95.2</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">%</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">99.8</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">%</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">96.8</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">%</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">99.1</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">%</div>
          </td>
        </tr>
        <tr>
          <td colspan="4" style="background-color: #FFFFFF; vertical-align: middle;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">AVERAGE DAILY RESULTS (in US Dollars)</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; width: 52%; padding: 0px 0px 0px 3%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Time charter equivalent (TCE) rate <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">11,133</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">11,241</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">12,184</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">9,969</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" colspan="1" style="vertical-align: middle; padding-left: 3%; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Daily vessel operating expenses <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">7,652</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">3,374</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">6,568</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5,832</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>

    </table>
    <div style="margin-bottom: 10pt;"><br>
    </div>
    <div>
      <div style="font-family: 'Times New Roman', 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: 'Times New Roman', serif;"> </font><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="z5a9dd3042dcc487fb13101a1b45b0097">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-family: 'Times New Roman', serif;">Time charter equivalent rates, or TCE rates, are defined as time charter and voyage revenues, less voyage expenses during a period divided by the number of available days during the period,
                which is consistent with industry standards. Voyage expenses include port charges, bunker (fuel) expenses, canal charges and commissions. TCE is a non-GAAP measure. TCE rate is a standard shipping industry performance measure used primarily
                to compare daily earnings generated by vessels despite changes in the mix of charter types (i.e., voyage (spot) charters or time charters) under which the vessels may be employed between the periods, and assist company&#8217;s management to
                assess its fleet&#8217;s financial and operational performance.</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <div><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="zf4b04e2d058c4e5bbe4e27506d5a0eea">

          <tr>
            <td style="width: 36pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-family: 'Times New Roman', 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="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">-3-</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-weight: bold;">About the Company</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif;">OceanPal Inc. is a global provider of shipping transportation services, specializing in the ownership and operation of dry bulk vessels and product tankers.
      The Company is engaged in the seaborne transportation of bulk commodities, including iron ore, coal, and grain, as well as refined petroleum products. OceanPal&#8217;s fleet is primarily employed on time charter trips with short to medium duration and spot
      charters, with a strategic focus on maximizing long-term shareholder value.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-weight: bold;">Forward Looking Statements</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif;">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>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif;">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>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif;">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>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif;">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 strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk and petroleum products 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,<font style="font-size: 11pt;">&#160;</font>including the escalation of the conflict in the Middle East, 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 style="margin-bottom: 12pt;"><br>
    </div>
    <div>
      <div style="text-align: center; font-family: 'Times New Roman', serif;">(See financial tables attached)</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">-4-</font></div>
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          <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><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
    </div>
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        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">OCEANPAL INC.</div>
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          <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">FINANCIAL TABLES&#160;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <td valign="bottom" colspan="4" style="vertical-align: middle;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">Expressed in thousands of U.S. Dollars, except for share and per share data</div>
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          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td valign="bottom" colspan="16" style="vertical-align: bottom;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
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            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Three months ended December 31,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Year ended December 31,</div>
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          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
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        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2024</div>
          </td>
          <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
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            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2023</div>
          </td>
          <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2024</div>
          </td>
          <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2023</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
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          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
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            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(unaudited)</div>
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          <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td colspan="2" style="background-color: #FFFFFF; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(unaudited)</div>
          </td>
          <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="background-color: #FFFFFF; vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(unaudited)</div>
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          <td class="cftfncell" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="background-color: #FFFFFF; vertical-align: middle;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
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        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">REVENUES:</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td colspan="2" style="background-color: #FFFFFF; vertical-align: middle;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td colspan="2" style="background-color: #FFFFFF; vertical-align: middle;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="background-color: #FFFFFF; vertical-align: top;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="background-color: #FFFFFF; vertical-align: top;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap;">&#160;</td>
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        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Vessel revenues</div>
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          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5,781</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5,808</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">25,702</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">18,957</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
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          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">EXPENSES:</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
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        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Voyage expenses</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,105</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="font-family: 'Times New Roman', serif;">637</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">3,710</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
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          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Vessel operating expenses</div>
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          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">3,895</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="font-family: 'Times New Roman', serif;">1,552</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">12,486</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">10,421</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
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          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Depreciation and amortization of deferred charges</div>
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          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">2,146</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,902</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">7,198</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">7,670</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
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        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">General and administrative expenses</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,371</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,378</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">6,212</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5,281</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
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        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Management fees</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">382</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">315</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,343</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1,236</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
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          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Support agreement costs</div>
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          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">-</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">-</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">6,750</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">-</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
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        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Impairment loss</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5,035</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">-</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">6,122</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">-</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Loss on sale of vessel</div>
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          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">7</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">-</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">7</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">-</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%; padding: 0px 0px 2px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Other operating (income)/ loss</div>
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          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%; padding: 0px 0px 2px;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(59</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">119</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(81</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">131</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%; padding: 0px 0px 2px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Operating loss</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%; padding: 0px 0px 2px;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(8,101</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(95</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(18,045</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(7,722</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Change in fair value of warrants&#8217; liability</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">-</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">-</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">-</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">6,222</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Finance costs</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(75</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">-</font></div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(109</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(909</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(Loss)/Gain on equity method investment</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(26</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">6</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(50</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">2</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Other income/(expenses)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">8</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">8</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">30</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(74</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%; padding: 0px 0px 2px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Interest income</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%; padding: 0px 0px 2px;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">139</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">312</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">504</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%; padding: 0px 0px 2px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Net (loss)/income and comprehensive (loss)/income</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%; padding: 0px 0px 2px;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(8,189</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">58</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(17,862</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(1,977</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Less: Deemed dividend upon redemption of Series C preferred stock</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(24</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(2,549</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(26</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(2,549</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Less: Deemed dividend upon redemption of Series D preferred stock</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">-</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">-</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">-</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(154</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Less: Dividends on Series C preferred stock</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(177</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(110</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(681</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(991</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: rgb(255, 255, 255); vertical-align: middle; white-space: nowrap; width: 52%; padding-bottom: 2px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Less: Dividends on Series D preferred stock</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; white-space: nowrap; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; white-space: nowrap; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(402</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; white-space: nowrap; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; white-space: nowrap; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; white-space: nowrap; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(241</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; white-space: nowrap; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 9%; text-align: right; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(1,160</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; white-space: nowrap; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 9%; text-align: right; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(1,036</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; white-space: nowrap; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%; padding: 0px 0px 2px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Net loss attributed to common stockholders</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%; padding: 0px 0px 2px;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(8,792</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(2,842</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(19,729</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(6,707</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Loss per common share, basic</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(1.17</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(0.42</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(2.64</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(2.02</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Loss per common share, diluted</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(1.17</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(0.42</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(2.64</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(3.83</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">)</div>
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        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;" rowspan="1">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;" rowspan="1">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;" rowspan="1">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;" rowspan="1">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;" rowspan="1">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Weighted average number of common shares, basic</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">7,499,797</font></div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">6,813,696</font></div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">7,465,136</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">3,315,519</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;" rowspan="1">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;" rowspan="1">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;" rowspan="1">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;" rowspan="1">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;" rowspan="1">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;" rowspan="1">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 52%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Weighted average number of common shares, diluted</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">7,499,797</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">6,813,696</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">7,465,136</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">3,372,207</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>

    </table>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; color: #000000;"> </font><br>
      </div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">-5-</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" class="cfttable" id="z870559f9e9e447c289408b808a51cf6a" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

        <tr>
          <td valign="bottom" colspan="8" style="vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">CONDENSED CONSOLIDATED BALANCE SHEET DATA</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" colspan="8" style="vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">(in thousands of U.S. Dollars)</div>
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          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">December 31, 2024</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">December 31, 2023*</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" colspan="1" style="vertical-align: middle;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"><u>ASSETS</u></div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(unaudited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; width: 76%;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Cash and cash equivalents</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">7,160</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">14,841</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; width: 76%;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Other current assets</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">6,952</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5,203</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; width: 76%;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Vessels, net</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">71,263</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">71,100</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: middle; width: 76%; padding-top: 0px; padding-right: 0px; padding-left: 0px;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Other non-current assets</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%; padding-top: 0px; padding-right: 0px; padding-left: 0px;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid #000000; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">4,087</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; width: 1%; padding-top: 0px; padding-right: 0px; padding-left: 0px;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid #000000; vertical-align: bottom; width: 9%; padding: 0px 0px 0px; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">3,701</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: rgb(255, 255, 255); vertical-align: bottom; white-space: nowrap; width: 1%; padding-top: 0px; padding-right: 0px; padding-left: 0px;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 76%; padding: 0px 0px 4px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Total assets</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%; padding: 0px 0px 4px;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 4px double; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">89,462</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 4px double; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">94,845</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; width: 76%;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; width: 76%;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"><u>LIABILITIES AND STOCKHOLDERS' EQUITY</u></div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 76%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">&#160;</td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; width: 76%;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Liabilities</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5,092</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">2,286</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; width: 76%; padding: 0px 0px 2px;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Total stockholders' equity</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%; padding: 0px 0px 2px;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">84,370</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 2px solid; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">92,559</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="background-color: #FFFFFF; vertical-align: middle; white-space: nowrap; width: 76%; padding: 0px 0px 4px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Total liabilities and stockholders' equity</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%; padding: 0px 0px 4px;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 4px double; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">89,462</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; border-bottom: 4px double; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">94,845</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif; font-size: 9pt;">*The balance sheet data have been derived from the audited consolidated financial statements at that date.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" class="cfttable" id="z99481837a91642ddb1e03ca29bdb9efe" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">OTHER FINANCIAL DATA</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle;">
            <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Three months ended December 31,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Year ended December 31,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; padding-bottom: 2px;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2024</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2023</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2024</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: #000000 solid 2px;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> 2023</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(unaudited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(unaudited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(unaudited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; width: 52%;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Net cash (used in)/provided by operating activities</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(2,104</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">130</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(3,530</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">815</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; width: 52%;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Net cash provided by/(used in) investing activities</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5,491</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(265</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(2,515</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(6,011</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
        </tr>
        <tr>
          <td style="background-color: #FFFFFF; vertical-align: middle; width: 52%;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Net cash (used in)/provided by financing activities</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
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          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(478</div>
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          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(547</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(1,636</div>
          </td>
          <td class="cftfncell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; white-space: nowrap; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td class="cftguttercell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">&#160;</td>
          <td class="cftcurrcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 1%;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">$</div>
          </td>
          <td class="cftnumcell" colspan="1" style="background-color: #FFFFFF; vertical-align: bottom; width: 9%; text-align: right;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">11,583</div>
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  <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-weight: normal; font-style: normal;">-6-</font></div>
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