Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2019
Fair Value of Financial Instruments [Abstract]  
Fair Value of Financial Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

June 30, 2019

 

  

December 31, 2018

 

 

  

Book Value

 

  

Fair Value

 

  

Book Value

 

  

Fair Value

 

Cash and cash equivalents

  

$

 15,156

 

  

$

 15,156

 

  

$

 16,958

 

  

$

 16,958

 

Restricted cash

  

$

1,699 

 

  

$

1,699

 

  

$

1,934

 

  

$

1,934

 

Balance due from related parties, non-current

  

$

8,195

 

  

$

8,195

 

  

$

7,862

 

  

$

7,862

 

Long-term debt, including current portion, net

  

$

 (183,004

)

  

$

 (185,842

) 

  

$

 (133,196

) 

  

$

 (135,075

) 

Financial liability, including current portion, net

  

$

(82,392

) 

  

$

(83,903

) 

  

$

(85,765

) 

  

$

(87,530

) 

 

Fair Value Measurements on a Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Fair Value Measurements at June 30, 2019

 

 

  

Total

 

  

(Level I)

 

  

(Level II)

 

  

(Level III)

 

Cash and cash equivalents

  

$

 15,156

 

  

$

 15,156

 

  

$

  

 

  

$

   

 

Restricted cash

 

$

1,699

 

 

$

1,699

 

 

$

  

 

 

$

         —

 

Balance due from related parties, non-current(1)

  

$

8,195

 

  

$

  

 

  

$

8,195

 

  

$

  

 

Long-term debt, including current portion, net(2)

  

$

 (185,842

) 

  

$

  

 

  

$

 (185,842

) 

  

$

  

 

Financial liability, including current portion, net (3)

  

$

(83,903

) 

  

$

  

 

  

$

(83,903

) 

  

$

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Fair Value Measurements at December 31, 2018

 

 

  

Total

 

  

(Level I)

 

  

(Level II)

 

  

(Level III)

 

Cash and cash equivalents

  

$

 16,958

 

  

$

 16,958

 

  

$

  

 

  

$

 

Restricted cash

  

$

1,934

 

  

$

1,934

 

  

$

  

 

  

$

 

Balance due from related parties, non-current(1)

  

$

7,862

 

  

$

  

 

  

$

 7,862

 

  

$

 

Long-term debt, including current portion, net(2)

  

$

(135,075

) 

  

$

  

 

  

$

 (135,075

) 

  

$

 

Financial liability, including current portion, net (3)

  

$

(87,530

) 

  

$

  

 

  

$

(87,530

) 

  

$

 

(1) The fair value of the Company’s receivable from related companies is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account the counterparty’s creditworthiness.

(2) The fair value of the Company’s long-term debt is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness.

(3) The fair value of the Company’s financial liability is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness.