| Schedule of Long-Term Debt |
The
amounts shown in the accompanying Consolidated Balance Sheets at December 31, 2024 and 2025, are analyzed as follows:
Schedule of Long-Term
Debt
| Vessel (Borrower) | |
2024 | | |
2025 | |
| | |
As of December 31, | |
| Vessel (Borrower) | |
2024 | | |
2025 | |
| (a) “Pyxis Theta” (Seventhone) | |
$ | 10,150 | | |
$ | 14,750 | |
| (b) “Pyxis Karteria” (Tenthone) | |
| 12,800 | | |
| 11,600 | |
| (c) “Pyxis Lamda” (Eleventhone) | |
| 15,663 | | |
| 18,600 | |
| (d) “Konkar Ormi” (Dryone Corp.) | |
| 17,100 | | |
| 15,900 | |
| (e) “Konkar Asteri” (Drytwo Corp.) | |
| 13,600 | | |
| 12,400 | |
| (f) “Konkar Venture” (Drythree Corp.) | |
| 15,870 | | |
| 14,610 | |
| Total principal balance (gross) | |
$ | 85,183 | | |
$ | 87,860 | |
The
vessel-by-vessel amounts represent outstanding principal balances (gross). Long-term debt is presented in the Consolidated Balance Sheets
net of unamortized deferred financing costs, as reconciled below.
| | |
2024 | | |
2025 | |
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| Principal balance (gross) - Current portion | |
$ | 7,787 | | |
$ | 8,160 | |
| Less current portion of unamortized deferred financing costs | |
| (226 | ) | |
| (193 | ) |
| Current portion of long-term debt, net of unamortized deferred financing costs | |
$ | 7,561 | | |
$ | 7,967 | |
| | |
| | | |
| | |
| Principal balance (gross) - Non-current portion | |
$ | 77,396 | | |
$ | 79,700 | |
| Less non-current portion of unamortized deferred financing costs | |
| (433 | ) | |
| (421 | ) |
| Long-term debt, net of current portion and unamortized deferred financing costs | |
$ | 76,963 | | |
$ | 79,279 | |
| | |
| | | |
| | |
| Summarized: | |
| | | |
| | |
| Principal balance (gross) | |
$ | 85,183 | | |
$ | 87,860 | |
| Less unamortized deferred financing costs (current and non-current) | |
| (659 | ) | |
| (614 | ) |
| Long-term debt, net of deferred financing costs (as presented in the Consolidated Balance Sheets) | |
$ | 84,524 | | |
$ | 87,246 | |
|
| Schedule of Principal Payments |
The
annual principal payments required to be made after December 31, 2025, are as follows:
Schedule of Principal Payments
| To December 31, | |
Amount | |
| 2026 | |
$ | 8,160 | |
| 2027 | |
| 8,160 | |
| 2028 | |
| 28,460 | |
| 2029 | |
| 22,930 | |
| 2030 | |
| 20,150 | |
| Total | |
$ | 87,860 | |
|