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Subsequent Events
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On July 9, 2020, the Company signed a memorandum of agreement to sell the vessel Goldeneye for $5.0 million before brokerage commission and associated selling expenses. The vessel was delivered to the buyers on August 7, 2020. The Company expects to record a loss of approximately $0.1 million after associated selling costs and related drydock costs in the third quarter of 2020. The proceeds will be recorded as restricted cash - current in the Condensed Consolidated Balance Sheet.
On July 27, 2020, the lessor on our office sublease in Stamford, CT filed for Chapter 11 reorganization in the US Bankruptcy Court. They also filed a motion to reject the prime lease with the landlord as well as the sublease with the Company. If said motion is granted by the bankruptcy court, the prime lease as well as the sublease will deemed to be rejected as of the date of the petition. The Company has been in contact with the prime landlord to discuss alternative arrangements.