Accrued Expenses and Other Liabilities
 12 Months Ended
Dec. 31, 2019
ACCRUED EXPENSES AND OTHER LIABILITIES [Abstract]  
ACCRUED EXPENSES AND OTHER LIABILITIES

NOTE 10: ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities as of December 31, 2019 and 2018 consisted of the following: 

 

  

December 31,

2019

 

  

December 31,

2018

 

Payroll

  

$

6,701

 

  

$

15,264

 

Accrued interest

  

 

35,926

 

  

 

40,903

 

Accrued voyage expenses

  

 

— 

 

  

 

3,643

 

Accrued running costs

  

 

—  

 

  

 

42,212

 

Provision for estimated losses on vessels under time charter

  

 

—  

 

  

 

1,604

 

Audit fees and related services

  

 

234

 

  

 

292

 

Accrued taxes

  

 

8,002

 

  

 

6,268

 

Professional fees

  

 

317

 

  

 

1,251

 

Other accrued expenses

  

 

— 

 

  

 

12,215

 

Total accrued expenses

  

$

51,180

 

  

$

123,652