Box Ships Inc (TEUFF)

[Toxic Avenger]

Those receivables are likely uncollectable and they owe more in preferred dividends anyway, which continue to accrue despite the company being shut down. And they indeed have liabilities, $2.6 million currently due at the last filing.
https://backend.otcmarkets.com/otcapi/company/sec-filings/11936672/content/html

And no one is giving TEUFF ships because some people THINK they were "stolen".

The company FILED with the SEC this statement, "Box Ships Inc. (the “ Company ”) currently has no active operations in the shipping industry. The Company has tried, and may continue to try again in the future, to seek ways to restructure its equity and debt capitalization, and to raise capital sufficient to re-commence operations in the shipping industry. The Company presently does not have any available credit, bank financing or other external sources of liquidity. The Company needs to obtain capital in order to re-commence operations and fund its activities."

All they really needed to add at the end was, "don't hold your breath".