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