Assets
Current Assets
Cash and Cash Equivalents
Adjusted
101
66
Total cash and Cash Equivalents
46
39
31
60
35
58
49
49
58
82
30
101
66
56
24
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Marketable securities
0
1
1
Restricted Cash
0
5
2
4
10
4
13
0
Accounts receivable, net related party
0
13
2
Accounts Receivable, Related Party
Adjusted
1
Total accounts Receivable, Related Party
0
0
1
1
1
2
Accounts Receivable, Net
Adjusted
16
Total accounts Receivable, Net
19
16
26
20
9
6
25
22
22
17
28
16
19
0
18
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Prepaid Expenses
Adjusted
6
Total prepaid Expenses
8
6
4
6
5
5
3
4
3
4
4
6
5
4
3
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Prepaid Expenses and Other Current Assets
6
32
Inventory
Adjusted
22
Total inventory
20
22
31
25
21
19
22
20
23
21
15
22
24
4
8
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Voyages in Progress
Adjusted
30
Total voyages in Progress
18
7
11
24
10
5
13
15
15
36
37
30
15
0
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Investment Securities
0
1
0
0
Investment in Associate
0
12
17
65
Other Current Assets
Adjusted
2
Total other Current Assets
4
3
3
3
2
2
3
2
4
2
3
2
2
1
1
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Vessels Held for Sale
36
0
0
15
0
Adjusted
176
Total Current Assets
151
99
109
143
107
100
129
113
127
164
118
176
131
79
83
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Non-Current Assets
Deposits for Vessels under Construction
Adjusted
0
Total deposits for Vessels under Construction
0
50
82
64
Goodwill
Adjusted
19
Total goodwill
0
19
19
19
19
0
Investment in Nordic American Offshore Ltd
Adjusted
62
Total investment in Nordic American Offshore Ltd
65
55
64
0
0
Related party receivables
0
37
19
Investment Securities
0
4
Vessels
Adjusted
910
Total vessels
748
715
769
735
715
861
900
954
936
1,058
963
910
911
965
1,023
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Vessels under Construction
0
24
11
0
Right of Use Assets
1
1
1
1
2
1
1
0
Other Non-Current Assets
Adjusted
8
Total other Non-Current Assets
2
3
1
1
3
1
0
0
16
10
10
8
11
5
0
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Adjusted
999
Total Non-Current Assets
751
719
770
737
744
875
902
958
1,014
1,186
1,121
993
1,005
1,007
1,042
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Adjusted
1,176
Total Assets
902
818
879
880
851
974
1,031
1,071
1,141
1,350
1,239
1,169
1,136
1,086
1,125
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Liabilities and Shareholders' Equity
Current Liabilities
Accounts Payable
Adjusted
7
Total accounts Payable
3
4
3
7
7
4
8
4
3
4
4
7
6
3
4
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Accounts Payable, related party
0
2
1
Accrued Voyage Expenses
Adjusted
9
Total accrued Voyage Expenses
15
12
12
11
15
5
12
5
11
10
7
9
6
0
8
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Accrued Liabilities
Adjusted
9
Total accrued Liabilities
1
1
1
16
9
11
8
10
9
7
10
13
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Deferred Revenue
4
6
4
6
3
0
2
0
3
0
Other Current Liabilities
10
8
7
14
9
8
16
9
11
Dividends Payable
0
8
13
0
Current Portion of Long-Term Debt
35
22
32
40
38
22
24
19
0
Adjusted
24
Total Current Liabilities
67
60
70
72
68
40
59
36
25
22
21
24
19
15
18
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Non-Current Liabilities
Long-Term Debt
Adjusted
250
Total long-Term Debt
389
248
270
266
283
335
375
418
389
443
325
250
250
250
230
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Deferred Tax Liability
0
0
0
Operating Lease Liabilities
0
1
1
1
1
0
Liabilities
Adjusted
287
Total Liabilities
364
287
281
276
258
Other Non-Current Liabilities
Adjusted
13
Total other Non-Current Liabilities
0
1
1
1
1
0
0
15
16
15
13
13
12
11
10
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Total Non-Current Liabilities
389
249
270
267
285
336
376
433
405
457
338
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Commitments and Contingencies
0
0
Shareholders' Equity
Common Stock, par value $0.01 per share 360,000,000 authorized, 211,750,663 and 211,750,663 issued and outstanding at December 31, 2024, and 2023, respectively
Adjusted
1
Total common Stock, par value $0.01 per share 360,000,000 authorized, 211,750,663 and 211,750,663 issued and outstanding at December 31, 2024, and 2023, respectively
2
2
2
2
2
2
1
1
1
1
1
1
1
1
0
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Additional Paid-in Capital
Adjusted
114
Total additional Paid-in Capital
198
198
191
189
139
59
38
124
123
235
115
114
208
16
13
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Contributed Surplus
Adjusted
788
Total contributed Surplus
245
321
405
507
530
540
567
787
797
640
766
788
752
867
927
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Accumulated Other Comprehensive Loss
Adjusted
(1)
Total accumulated Other Comprehensive Loss
(1)
(2)
(2)
(2)
(2)
(1)
(1)
(1)
(1)
(1)
(1)
(8)
(0)
(0)
(0)
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Retained Earnings (Accumulated Deficit)
Adjusted
(13)
Total retained Earnings (Accumulated Deficit)
1
(11)
(58)
(156)
(171)
0
(10)
(309)
(209)
(4)
0
(13)
(105)
(73)
(72)
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Adjusted
889
Total Shareholders' Equity
446
509
538
540
498
599
595
602
711
871
881
889
855
809
868
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Adjusted
1,176
Total Liabilities and Shareholders' Equity
902
818
879
880
851
974
1,031
1,071
1,141
1,350
1,239
1,169
1,136
1,086
1,125
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