FORM 6-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of August 2015

Commission File Number: 000-50859

TOP SHIPS INC.
(Translation of registrant's name into English)

1 VAS. SOFIAS & MEG.
ALEXANDROU STREET
151 24, MAROUSSI
ATHENS, GREECE
(Address of principal executive offices)


 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ________.

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ________.

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.






INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Set forth below are the unaudited interim condensed consolidated income statement and balance sheet of Top Ships Inc. for the six-month period ended June 30, 2015.
TOP SHIPS INC.
        
         
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
      
FOR THE SIX MONTHS ENDED JUNE 30, 2014 AND 2015
        
(Expressed in thousands of U.S. Dollars - except share and per share data)
      
         
   
Six Months Ended
    
Six Months Ended
  
   
June 30,
    
June 30,
  
   
2014
    
2015
  
         
REVENUES:
        
         
Revenues
  
$
619
    
$
4,697
  
                 
EXPENSES:
                
                 
Voyage expenses
    
11
      
121
  
Bareboat charter hire expenses
    
-
      
2,107
  
Amortization of prepaid bareboat charter hire
    
-
      
603
  
Other vessel operating expenses
    
30
      
1,863
  
Vessel depreciation
    
39
      
120
  
Management fees-related parties
    
43
      
397
  
Other operating (income) / loss, net
    
(361
)
    
277
  
General and administrative expenses
    
535
      
1,505
  
Vessels impairment charge
    
-
      
3,081
  
                 
Operating income/(loss)
    
322
      
(5,377
)
                 
OTHER INCOME (EXPENSES):
                
                 
Interest and finance costs
    
(101
)
    
(594
)
(Loss)/Gain on financial instruments
    
(680
)
    
592
  
Interest income
    
49
      
-
  
Other, net
    
(5
)
    
18
  
                 
Total other (expenses) / income, net
    
(737
)
    
16
  
                 
Net loss and comprehensive loss
    
(415
)
    
(5,361
)
                 
Loss per common share, basic and diluted
    
(0.06
)
    
(0.27
)
                 
Weighted average common shares outstanding, basic and diluted
    
6,867,971
      
19,596,027
  



TOP SHIPS INC.
        
         
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
      
DECEMBER 31, 2014 AND JUNE 30, 2015
        
(Expressed in thousands of U.S. Dollars)
        
         
     
   
December 31
    
June 30,
  
   
2014
    
2015
  
         
ASSETS
        
         
CASH AND CASH EQUIVALENTS
  
$
-
    
$
202
  
ADVANCES FOR VESSEL ACQUISITIONS
    
34,375
      
35,619
  
VESSELS, NET
    
38,200
      
-
  
RESTRICTED CASH
    
164
      
1,000
  
PREPAID BAREBOAT CHARTER HIRE
    
-
      
10,998
  
OTHER ASSETS
    
2,836
      
2,540
  
      Total assets
  
$
75,575
    
$
50,359
  
                 
LIABILITIES AND STOCKHOLDERS' EQUITY
                
                 
DERIVATIVE FINANCIAL INSTRUMENTS
    
2,599
      
2,233
  
DEBT
    
19,419
      
-
  
OTHER LIABILITIES
    
11,028
      
10,896
  
           Total liabilities
    
33,046
      
13,129
  
                 
COMMITMENTS AND CONTINGENCIES
    
-
      
-
  
                 
STOCKHOLDERS' EQUITY
    
42,529
      
37,230
  
                 
      Total liabilities and stockholders' equity
  
$
75,575
    
$
50,359
  



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


 
TOP SHIPS INC.
(registrant)
     
     
     
Dated: August 21, 2015
By:
/s/ Evangelos J. Pistiolis
   
Evangelos J. Pistiolis
Chief Executive Officer