Note 19 - Condensed Financial Information for Eagle Bulk Shipping Inc. (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2016

	December 31, 2016			December 31, 2015
ASSETS:
Current assets:
Cash and cash equivalents	$	62,326,786		$	22,104,462
Prepaid expenses		376,215			411,214
Total current assets		62,703,001			22,515,676
Noncurrent assets:
Investment in subsidiaries*		338,340,211			737,821,862
Other assets		310,000			-
Total noncurrent assets		338,650,211			737,821,862
Total assets	$	401,353,212		$	760,337,538
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	189,039		$	366,603
Accrued interest		-			401,232
Current portion of long-term debt		-			15,625,000
Other accrued liabilities		681,534			22,750
Total current liabilities		870,573			16,415,585
Noncurrent liabilities :
Exit Financing Facility, net of debt discount and debt issuance costs		-			225,577,491
Total noncurrent liabilities		-			225,577,491
Total liabilities		870,573			241,993,076
Commitment and contingencies
Stockholders' equity:
Preferred stock, $.01 par value, 25,000,000 shares authorized, none issued as of December 31, 2016		-			-
Common stock, $0.01 par value, 700,000,000 shares authorized, 48,106,827 and 1,883,303 shares issued and outstanding as of December 31, 2016 and 2015, respectively		481,069			18,833
Additional paid-in capital		783,369,698			678,171,322
Accumulated deficit		(383,368,128	)		(159,845,693	)
Total stockholders' equity		400,482,639			518,344,462
Total liabilities and stockholders' equity	$	401,353,212		$	760,337,538

	Successor
	For the year ended			For the year ended			Period from October 16, 2014 To
	December 31, 2016			December 31, 2015			December 31, 2014


General and administrative expenses	$	2,101,094		$	2,554,795		$	313,877
Total operating expenses		2,101,094			2,554,795			313,877
Operating loss		(2,101,094	)		(2,554,795	)		(313,877	)

Interest expense		2,817,646			11,927,422			2,359,326
Interest income		(215,433	)		(6,222	)		(2,238	)
Other expense		125,255			-			-
Reorganization items, net		-			-			45,542
Total other expense (income), net		2,727,468			11,921,200			2,402,630

Equity in net loss of subsidiaries**		(218,693,873	)		(133,820,970	)		(8,832,221	)
Net loss	$	(223,522,435	)	$	(148,296,965	)	$	(11,548,728	)

Weighted average shares outstanding:

Basic*		20,565,652			1,880,116			1,875,227
Diluted*		20,565,652			1,880,116			1,875,227

Per share amounts:
Basic net loss	$	(10.87	)	$	(78.88	)	$	(6.16	)
Diluted net loss	$	(10.87	)	$	(78.88	)	$	(6.16	)

	Successor
	Year ended December 31, 2016			Year ended December 31, 2015			Period from October 16, 2014 To December 31, 2014
Net cash (used in) / provided by operating activities	$	(4,715,072	)		(18,496,422	)	$	(5,013,295	)
Cash flows from investing activities:
Cash distributed to wholly-owned subsidiaries		(36,853,951	)		(4,762,134	)		(2,797,401	)
Net cash used in investing activities		(36,853,951	)		(4,762,134	)		(2,797,401	)

Cash flows from financing activities:
Repayment of Term Loan		(3,906,250	)		(19,625,000	)		-
Proceeds from Revolver Loan facility under Exit Financing Facility		-			40,000,000			-
Proceeds from common stock placement, net of issuance costs		85,700,535			-			-
Deferred financing costs		-			(500,000	)
Cash used to settle net share equity awards		(2,938	)		(1,419,229	)		-

Net cash provided by financing activities		81,791,347			18,455,771			-
Net increase/(decrease) in cash and cash equivalents		40,222,324			(4,802,785	)		(7,810,696	)
Cash and cash equivalents at beginning of period		22,104,462			26,907,247			34,717,943
Cash and cash equivalents at end of period	$	62,326,786		$	22,104,462		$	26,907,247

Supplemental cash flow information:
Cash paid during the period for interest	$	2,529,674		$	9,911,793		$	1,586,303