| CURRENT |
| Cash and cash equivalents |
409K |
| Accounts receivable, net (Note 3) |
12.8M |
| Prepaid expenses and other current assets (Note 4) |
6.65M |
| Income taxes receivable |
38K |
| Deferred income taxes |
| Total current assets |
19.89M |
| PROPERTY AND EQUIPMENT, NET (Note 6) |
218.05M |
| LOAN TO EMPLOYEE |
| OTHER ASSETS |
62K |
| DEFERRED DRYDOCK COSTS, NET (Note 7) |
6.33M |
| INTANGIBLE ASSETS, NET (Note 8) |
5.37M |
| GOODWILL (Note 8) |
10.19M |
| Total assets |
259.89M |
| CURRENT |
| Bank indebtedness (Note 10) |
| Accounts payable |
9.43M |
| Accrued liabilities (Note 11) |
11.91M |
| Interest rate swap contracts (Note 19) |
| Deferred income taxes |
| Subordinated note (Note 9) |
| Current portion of deferred payment liability (Note 9) |
| Current portion of long-term debt (Note 12) |
| Total current liabilities |
21.74M |
| LONG-TERM PORTION OF DEFERRED PAYMENT LIABILITY (Note 9) |
| LONG-TERM DEBT (Note 12) |
117.07M |
| OTHER LIABILITIES |
| DEFERRED INCOME TAXES |
5.64M |
| Total liabilities |
220.45M |
| COMMITMENTS AND CONTINGENCIES (Notes 13 and 14) |
0 |
| Preferred stock, $.0001 par value, Authorized 1,000,000 shares, Issued and outstanding 300,000 shares (Note 15) |
14.67M |
| Common stock, $.0001 par value Authorized 50,000,000 shares, Issuable and outstanding 14,868,121 shares (Note 15) |
1K |
| Additional paid-in capital |
91.23M |
| Accumulated deficit |
-56.9M |
| Accumulated other comprehensive income |
-9.56M |
| Total stockholders' equity |
39.44M |
| Total liabilities and stockholders' equity |
259.89M |
