2022 Q4 Form 20-F Financial Statement
#000110465923039283 Filed on March 30, 2023
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2022 Q2 |
---|---|---|---|
Revenue | $5.724M | $5.115M | $4.566M |
YoY Change | 329.09% | -24.72% | |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.380M | $946.0K | $867.0K |
YoY Change | 219.44% | -7.57% | |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $4.896M | $1.171M | $1.018M |
YoY Change | -684.32% | -14.59% | |
% of Gross Profit | |||
Operating Expenses | $8.212M | $4.015M | $3.918M |
YoY Change | 584.33% | -30.43% | |
Operating Profit | |||
YoY Change | |||
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$2.488M | $1.100M | $648.0K |
YoY Change | -1956.72% | 49.49% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$2.890M | $1.100M | $648.0K |
YoY Change | -2256.72% | 49.49% | |
Net Earnings / Revenue | -50.49% | 21.51% | 14.19% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.67 | $36.88K | $21.72K |
COMMON SHARES | |||
Basic Shares Outstanding | 10.18M | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2022 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $8.454M | $10.26M | $10.99M |
YoY Change | 405.32% | 566343.3% | |
Cash & Equivalents | $8.454M | $10.26M | $10.99M |
Short-Term Investments | |||
Other Short-Term Assets | $1.126M | $5.308M | $7.244M |
YoY Change | 144.78% | 973.65% | |
Inventory | $334.0K | $1.796M | |
Prepaid Expenses | |||
Receivables | $4.252M | $495.0K | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $14.17M | $15.57M | $18.23M |
YoY Change | 342.84% | 712.1% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $63.67M | $65.19M | $44.08M |
YoY Change | 39.24% | 41.26% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $0.00 | ||
YoY Change | |||
Other Assets | $1.175M | $1.051M | $810.0K |
YoY Change | 673.03% | 38.69% | |
Total Long-Term Assets | $64.85M | $66.24M | $44.89M |
YoY Change | 41.34% | 41.21% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $14.17M | $15.57M | $18.23M |
Total Long-Term Assets | $64.85M | $66.24M | $44.89M |
Total Assets | $79.02M | $81.81M | $63.13M |
YoY Change | 61.0% | 85.46% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $281.0K | $327.0K | |
YoY Change | 6.84% | 16.53% | |
Accrued Expenses | $1.154M | $1.186M | |
YoY Change | 202.89% | 6.74% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.459M | $2.786M | $2.207M |
YoY Change | 164.12% | 33.72% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.459M | $2.786M | $2.207M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $2.459M | $2.786M | $2.207M |
YoY Change | 164.12% | 33.72% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$2.321M | ||
YoY Change | -3670.77% | ||
Common Stock | $102.0K | ||
YoY Change | 1033.33% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $76.56M | $79.03M | $60.92M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $79.02M | $81.81M | $63.13M |
YoY Change | 61.0% | 85.46% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2022 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.890M | $1.100M | $648.0K |
YoY Change | -2256.72% | 49.49% | |
Depreciation, Depletion And Amortization | $4.896M | $1.171M | $1.018M |
YoY Change | -684.32% | -14.59% | |
Cash From Operating Activities | -$1.310M | $449.0K | $2.374M |
YoY Change | -50.12% | -28.95% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $5.094M | -$4.778M | |
YoY Change | -40786.9% | 16107.6% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$4.998M | -$4.778M | |
YoY Change | |||
Cash From Investing Activities | -$96.00K | -$220.0K | -$4.778M |
YoY Change | 666.77% | 16107.6% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -404.0K | -954.0K | 11.72M |
YoY Change | -109.29% | -449.91% | |
NET CHANGE | |||
Cash From Operating Activities | -1.310M | 449.0K | 2.374M |
Cash From Investing Activities | -96.00K | -220.0K | -4.778M |
Cash From Financing Activities | -404.0K | -954.0K | 11.72M |
Net Change In Cash | -1.810M | -725.0K | 9.316M |
YoY Change | -205.8% | -24810.88% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.310M | $449.0K | $2.374M |
Capital Expenditures | $5.094M | -$4.778M | |
Free Cash Flow | -$6.404M | $7.152M | |
YoY Change | 145.01% | 112.18% |
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|
568000 | |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3441000 | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-24000 | ||
CY2022 | us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
-65000 | |
us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
70000 | ||
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
148000 | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-23000 | ||
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
666000 | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
460000 | ||
CY2022 | us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
-152000 | |
us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
152000 | ||
CY2022 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
18000 | |
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
263000 | ||
CY2022 | us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
351000 | |
us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
59000 | ||
CY2022 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
842000 | |
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
312000 | ||
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
146000 | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
228000 | ||
CY2022 | op |
Payment On Drydock Costs Operating Activities
PaymentOnDrydockCostsOperatingActivities
|
944000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1513000 | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
715000 | ||
CY2022 | op |
Payments For Vessel Improvements And Vessel Acquisitions
PaymentsForVesselImprovementsAndVesselAcquisitions
|
5094000 | |
op |
Payments For Vessel Improvements And Vessel Acquisitions
PaymentsForVesselImprovementsAndVesselAcquisitions
|
42000 | ||
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5094000 | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-42000 | ||
op |
Proceeds From Spin Off
ProceedsFromSpinOff
|
1000000 | ||
CY2022 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
16195000 | |
CY2022 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1835000 | |
CY2022 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
3101000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
10362000 | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1000000 | ||
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
6781000 | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1673000 | ||
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1673000 | |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8454000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1673000 | |
us-gaap |
Stock Issued1
StockIssued1
|
47084000 | ||
CY2022 | op |
Dividends On Preferred Stock Declared Not Paid
DividendsOnPreferredStockDeclaredNotPaid
|
240000 | |
CY2022 | op |
Deemed Dividend On Series D Preferred Stock Upon Redemption And Issuance Of Common Stock
DeemedDividendOnSeriesDPreferredStockUponRedemptionAndIssuanceOfCommonStock
|
-134000 | |
CY2022 | us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
17600000 | |
CY2021Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500 | |
CY2021Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500 | |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000000 | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
op |
Number Of Subsidiaries Acquired Through Spin Off Transaction
NumberOfSubsidiariesAcquiredThroughSpinOffTransaction
|
3 | ||
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">b) Use of Estimates: </span>The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> | |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
15000 | |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | |
op |
Term For Time Charter Rates
TermForTimeCharterRates
|
P6M | ||
CY2022 | op |
Historical Blended Average Year For Calculating Undiscounted Projected Net Operating Cash Flows
HistoricalBlendedAverageYearForCalculatingUndiscountedProjectedNetOperatingCashFlows
|
P10Y | |
CY2022 | op |
Term For Time Charter Rates
TermForTimeCharterRates
|
P6M | |
CY2021Q2 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | |
CY2021Q2 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | ||
CY2022 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | |
CY2022 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P25Y | |
us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P25Y | ||
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">l) Concentration of Credit Risk</span>: Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist principally of cash, trade accounts receivable and amounts due to/from related parties. The Company places its temporary cash investments, consisting mostly of deposits, with various qualified financial institutions and performs periodic evaluations of the relative credit standing of those financial institutions that are considered in the Company’s investment strategy. The Company limits its credit risk with accounts receivable by performing ongoing credit evaluations of its customers’ financial condition and generally does not require collateral for its accounts receivable and does not have any agreements to mitigate credit risk (Note 9).</p> | |
CY2022 | op |
Gain Loss On Bunkers
GainLossOnBunkers
|
-1949000 | |
op |
Gain Loss On Bunkers
GainLossOnBunkers
|
63000 | ||
CY2022 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
CY2022 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
0 | |
CY2022 | op |
Exchange Shares Of Convertible Preferred Stock For Shares Of Common Stock
ExchangeSharesOfConvertiblePreferredStockForSharesOfCommonStock
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">w) Redemption of Shares of Convertible Preferred Stock for issuance of Shares of Common Stock:</span> In case of conversion of preferred stock to common stock, with the conversion feature assessed by the Company at first as per ASC 480-10-25-14 and then determined as requiring evaluation as a redemption feature (Note 2(v)), the Company considers as applicable the redemption accounting. A redemption of preferred stock according to its original terms may be paid using cash, other instruments issued by the issuer or other assets (individually and collectively, the consideration) and may include a premium or discount. As per ASC 260-10-S99-2 a premium paid on redemption represents a return similar to a dividend to the preferred holder. In particular, when the Company determines that on the redemption date there is a difference in the carrying value of the preferred stock, as compared to the fair value of the common shares issued, that value represents a dividend to the preferred holders, which should be deducted from (if a premium) or added to (if a discount) the net income/(loss) to arrive at the net income/(loss) available to common stockholders (Note 6(h) and 7).</p> | |
CY2022 | op |
Deferred Offering Expenses
DeferredOfferingExpenses
|
376000 | |
op |
Deferred Offering Expenses
DeferredOfferingExpenses
|
152000 | ||
CY2022 | us-gaap |
Malpractice Insurance Maximum Coverage Per Incident
MalpracticeInsuranceMaximumCoveragePerIncident
|
1000000000 | |
CY2022 | op |
Term For Adjustment Of Estimates
TermForAdjustmentOfEstimates
|
P3Y | |
CY2022Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
1597000 | |
CY2021Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500 | |
CY2021Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000000 | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
882024 | |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10183996 | |
CY2022Q1 | op |
Minimum Bid Price Requirement For Continued Listing On Nasdaq Per Share
MinimumBidPriceRequirementForContinuedListingOnNasdaqPerShare
|
1.00 | |
CY2022Q1 | op |
Grace Period To Regain Compliance With Nasdaq Bid Price Requirements
GracePeriodToRegainComplianceWithNasdaqBidPriceRequirements
|
P180D | |
CY2022Q3 | op |
Grace Period To Regain Compliance With Nasdaq Bid Price Requirements
GracePeriodToRegainComplianceWithNasdaqBidPriceRequirements
|
P180D | |
CY2022Q3 | op |
Minimum Bid Price Requirement For Continued Listing On Nasdaq Per Share
MinimumBidPriceRequirementForContinuedListingOnNasdaqPerShare
|
1.00 | |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
14736 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q4 | op |
Percentage Of Discount Factor
PercentageOfDiscountFactor
|
0.127 | |
CY2022Q4 | op |
Percentage Of Risk Free Rate
PercentageOfRiskFreeRate
|
0.01 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.5 | |
CY2022Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
2215000 | |
CY2022Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.1 | |
CY2022Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
443000 | |
CY2022Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.1 | |
CY2022Q3 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
443000 | |
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
0 | ||
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-326000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
134000 | ||
CY2022 | op |
Deemed Dividend On Preferred Stock Upon Exchange Of Common Stock
DeemedDividendOnPreferredStockUponExchangeOfCommonStock
|
134000 | |
op |
Deemed Dividend On Preferred Stock Upon Exchange Of Common Stock
DeemedDividendOnPreferredStockUponExchangeOfCommonStock
|
0 | ||
CY2022 | op |
Dividends On Series C Preferred Stock
DividendsOnSeriesCPreferredStock
|
950000 | |
op |
Dividends On Series C Preferred Stock
DividendsOnSeriesCPreferredStock
|
69000 | ||
CY2022 | op |
Dividends On Class Warrants
DividendsOnClassWarrants
|
1012000 | |
op |
Dividends On Class Warrants
DividendsOnClassWarrants
|
0 | ||
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2674000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
65000 | ||
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3113108 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
882024 | ||
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
345545000 | ||
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3113108 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1227569 | ||
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.86 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.07 | ||
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.86 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | ||
CY2022Q4 | op |
Maximum Exposure To Credit Risk On Charter Contracts With Significant Customers
MaximumExposureToCreditRiskOnCharterContractsWithSignificantCustomers
|
215000 | |
CY2021Q4 | op |
Maximum Exposure To Credit Risk On Charter Contracts With Significant Customers
MaximumExposureToCreditRiskOnCharterContractsWithSignificantCustomers
|
811000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
750983 | ||
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3795959 | |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1862852 | |
us-gaap |
Depreciation
Depreciation
|
2192911 | ||
CY2020 | us-gaap |
Depreciation
Depreciation
|
2151977 | |
CY2019 | us-gaap |
Depreciation
Depreciation
|
2479432 | |
CY2019 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
3047978 | |
CY2020 | op |
Assets Fair Value Adjustments
AssetsFairValueAdjustments
|
200500 | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-169243 | ||
CY2020 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
725324 | |
CY2019 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
302696 | |
us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
14418 | ||
CY2020 | us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
1167746 | |
CY2019 | us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
1891 | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
26611 | ||
CY2020 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
13199 | |
CY2019 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-392255 | |
op |
Increase Decrease In Insurance Claims
IncreaseDecreaseInInsuranceClaims
|
-941488 | ||
CY2020 | op |
Increase Decrease In Insurance Claims
IncreaseDecreaseInInsuranceClaims
|
-1145969 | |
CY2019 | op |
Increase Decrease In Insurance Claims
IncreaseDecreaseInInsuranceClaims
|
2078347 | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-191097 | ||
CY2020 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
155786 | |
CY2019 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
403488 | |
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
87213 | ||
CY2020 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-47062 | |
CY2019 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-160921 | |
us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
-115280 | ||
CY2020 | us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
-122741 | |
CY2019 | us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
220261 | |
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-1125141 | ||
CY2020 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
1189260 | |
CY2019 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
202046 | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
135080 | ||
CY2020 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-155877 | |
CY2019 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-90092 | |
op |
Payment Of Drydock Costs Operating Activities
PaymentOfDrydockCostsOperatingActivities
|
5535 | ||
CY2020 | op |
Payment Of Drydock Costs Operating Activities
PaymentOfDrydockCostsOperatingActivities
|
826180 | |
CY2019 | op |
Payment Of Drydock Costs Operating Activities
PaymentOfDrydockCostsOperatingActivities
|
2234 | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3181030 | ||
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2723168 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1439451 | |
op |
Payments For Vessel Improvements
PaymentsForVesselImprovements
|
23850 | ||
CY2020 | op |
Payments For Vessel Improvements
PaymentsForVesselImprovements
|
1474965 | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-23850 | ||
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1474965 | |
us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
-3196728 | ||
CY2020 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
4235856 | |
CY2019 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
-1504222 | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-3196728 | ||
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4235856 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1504222 | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-39548 | ||
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
37723 | |
CY2019 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-64771 | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
39638 | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1915 | |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
66686 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
90 | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
39638 | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1915 | |
CY2020 | op |
Property Plant And Equipment Vessel Fair Value Adjustment
PropertyPlantAndEquipmentVesselFairValueAdjustment
|
200500 | |
CY2020 | op |
Property Plant And Equipment Vessel Transferred From Held For Sale
PropertyPlantAndEquipmentVesselTransferredFromHeldForSale
|
7129500 | |
CY2020 | op |
Property Plant And Equipment Vessel Transferred From Held For Sale Net
PropertyPlantAndEquipmentVesselTransferredFromHeldForSaleNet
|
7129500 |