Petrogress Inc. (PGAS)

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otc- looks like they had 2 ships dry docked maintenance, repair, upgrades ect.

2016 10k MD&A page 17
The decrease in sales resulted primarily from the increase in dry-docking expenses incurred as a result of the repair and maintenance of two of our vessels, which consequently caused a reduction in shipments and deliveries of our products.

Total operating expenses for the year ended December 31, 2016 and 2015 were $5,402,265 and $4,709,548, respectively, an increase of $692,716, or approximately 14.7%. The increase in operating expenses is primarily due to increased administrative, US travel, legal and accounting expenses in the aggregate of approximately $524,000 as a result of the merger transaction and public company expenses. This increase was offset by lower fleet operating expenses due to the decrease in shipment of barrels from the 2015 period compared to 2016 period.

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11995179