8-K/A Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q3 2014

Filing Information

Form Type	8-K/A
Accession Number	`0001144204-14-069003`
Period End Date	20140930
Filing Date	20141117
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	panl-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 92 Cash Flow Statement 93 Stockholders Equity 13

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for Doubtful Accounts Receivable	`AllowanceForDoubtfulAccountsReceivable`	$1.66M	USD	Point-in-time
Allowance for Doubtful Accounts Receivable	`AllowanceForDoubtfulAccountsReceivable`	$2.05M	USD	Point-in-time
Temporary equity, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$1.00K	USD	Point-in-time
Temporary equity, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$1.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.70M	USD	Point-in-time
Temporary equity, shares authorized	`TemporaryEquitySharesAuthorized`	112,500.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.93M	USD	Point-in-time
Temporary equity, shares authorized	`TemporaryEquitySharesAuthorized`	112,500.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.16M	USD	Point-in-time
Temporary equity, shares issued	`TemporaryEquitySharesIssued`	64,047.00	shares	Point-in-time
Temporary equity, shares issued	`TemporaryEquitySharesIssued`	89,114.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$500.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$500.00K	USD	Point-in-time
Accounts receivable (net of allowance of $2,047,603 at September 30, 2014 and $1,662,593 at December 31, 2013)	`AccountsReceivableNetCurrent`	$44.69M	USD	Point-in-time
Accounts receivable (net of allowance of $2,047,603 at September 30, 2014 and $1,662,593 at December 31, 2013)	`AccountsReceivableNetCurrent`	$30.46M	USD	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	64,047.00	shares	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	89,114.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$287.67K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$133.65K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	199,829.00	shares	Point-in-time
Bunker inventory	`InventoryNet`	$21.07M	USD	Point-in-time
Bunker inventory	`InventoryNet`	$21.05M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	199,829.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	87,329.00	shares	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.92M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	191,606.00	shares	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.74M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	87,329.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$98.07M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	87,329.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	87,329.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	191,606.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$83.37M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$197.15M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$225.18M	USD	Point-in-time
Investment in newbuildings in-process	`DevelopmentInProcess`	$31.90M	USD	Point-in-time
Investment in newbuildings in-process	`DevelopmentInProcess`	$25.58M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$1.50M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$3.25M	USD	Point-in-time
Total assets	`Assets`	$335.63M	USD	Point-in-time
Total assets	`Assets`	$330.37M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$40.62M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$45.88M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$46.37M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$7.62M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$16.16M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.86M	USD	Point-in-time
Current portion long-term debt	`OtherLongTermDebtCurrent`	$18.69M	USD	Point-in-time
Current portion long-term debt	`OtherLongTermDebtCurrent`	$16.07M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$3.00M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$3.00M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$29.38M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$23.18M	USD	Point-in-time
Other current liablities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Other current liablities	`OtherLiabilitiesCurrent`	$263.98K	USD	Point-in-time
Total current liabilties	`LiabilitiesCurrent`	$111.89M	USD	Point-in-time
Total current liabilties	`LiabilitiesCurrent`	$144.19M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$91.72M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$83.30M	USD	Point-in-time
Related party long-term debt, net	`DueToRelatedPartiesNoncurrent`	$17.30M	USD	Point-in-time
Related party long-term debt, net	`DueToRelatedPartiesNoncurrent`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Convertible redeemable preferred stock, net of issuance costs ($1,000 par value, 112,500 shares authorized, 89,114 and 64,047 shares issued and outstanding at September 30, 2014 December 31, 2013, respectively)	`TemporaryEquityCarryingAmountAttributableToParent`	$103.24M	USD	Point-in-time
Convertible redeemable preferred stock, net of issuance costs ($1,000 par value, 112,500 shares authorized, 89,114 and 64,047 shares issued and outstanding at September 30, 2014 December 31, 2013, respectively)	`TemporaryEquityCarryingAmountAttributableToParent`	$103.24M	USD	Point-in-time
Common stock ($1.00 par value, 199,829 shares authorized 87,329 shares issued and outstanding at September 30, 2014, December 31, 2013 and December 31, 2012 191,606 shares issued and outstanding on pro forma basis	`CommonStockValue`	$87.33K	USD	Point-in-time
Common stock ($1.00 par value, 199,829 shares authorized 87,329 shares issued and outstanding at September 30, 2014, December 31, 2013 and December 31, 2012 191,606 shares issued and outstanding on pro forma basis	`CommonStockValue`	$87.33K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.32M	USD	Point-in-time
Total Bulk Partners (Bermuda) LTD. deficit	`StockholdersEquity`	$-7.24M	USD	Point-in-time
Total Bulk Partners (Bermuda) LTD. deficit	`StockholdersEquity`	$-5.85M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$3.72M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$20.48M	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.64M	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.52M	USD	Point-in-time
Total liabilities, convertible reemable preferred stock and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$335.63M	USD	Point-in-time
Total liabilities, convertible reemable preferred stock and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$330.37M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Voyage revenue	`VoyageRevenue`	$246.64M	USD	3 Qtrs
Voyage revenue	`VoyageRevenue`	$80.37M	USD	1 Quarter
Voyage revenue	`VoyageRevenue`	$80.60M	USD	1 Quarter
Voyage revenue	`VoyageRevenue`	$252.08M	USD	3 Qtrs
Charter revenue	`CharterRevenue`	$14.80M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$10.60M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$43.11M	USD	3 Qtrs
Charter revenue	`CharterRevenue`	$34.33M	USD	3 Qtrs
Revenues	`Revenues`	$95.17M	USD	1 Quarter
Revenues	`Revenues`	$280.97M	USD	3 Qtrs
Revenues	`Revenues`	$91.21M	USD	1 Quarter
Revenues	`Revenues`	$295.20M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$136.62M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$147.12M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$45.19M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$46.60M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$31.98M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$112.27M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$34.32M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$86.10M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$22.59M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$7.94M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$15.71M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$6.15M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.59M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.75M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.79M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.72M	USD	3 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$3.12M	USD	1 Quarter
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$8.42M	USD	3 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$2.52M	USD	1 Quarter
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$7.06M	USD	3 Qtrs
Gain on sale of vessels	`GainLossOnSaleOfProperties`	$3.95M	USD	3 Qtrs
Gain on sale of vessels	`GainLossOnSaleOfProperties`	$1.66M	USD	1 Quarter
Gain on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Gain on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$88.59M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$264.58M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$93.10M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$283.67M	USD	3 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$11.53M	USD	3 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$-1.89M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$16.39M	USD	3 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$6.58M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.35M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.89M	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.34M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.42M	USD	1 Quarter
Interest expense related party debt	`InterestExpenseRelatedParty`	$357.34K	USD	3 Qtrs
Interest expense related party debt	`InterestExpenseRelatedParty`	$170.78K	USD	3 Qtrs
Interest expense related party debt	`InterestExpenseRelatedParty`	$108.42K	USD	1 Quarter
Interest expense related party debt	`InterestExpenseRelatedParty`	$194.54K	USD	1 Quarter
Imputed interest on related party long-term debt	`ImputedInterestOnRelatedPartyLongTermDebt`	-	USD	1 Quarter
Imputed interest on related party long-term debt	`ImputedInterestOnRelatedPartyLongTermDebt`	$322.95K	USD	3 Qtrs
Imputed interest on related party long-term debt	`ImputedInterestOnRelatedPartyLongTermDebt`	$793.22K	USD	3 Qtrs
Imputed interest on related party long-term debt	`ImputedInterestOnRelatedPartyLongTermDebt`	$317.94K	USD	1 Quarter
Unrealized (loss) gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$183.29K	USD	3 Qtrs
Unrealized (loss) gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-551.35K	USD	1 Quarter
Unrealized (loss) gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$1.85M	USD	1 Quarter
Unrealized (loss) gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-2.12M	USD	3 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$-197.13K	USD	3 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$8.03K	USD	3 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$83.80K	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	$-515.68K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-6.95M	USD	3 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-5.05M	USD	3 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-1.92M	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-592.57K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-3.82M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$5.98M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$11.34M	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$4.58M	USD	3 Qtrs
Loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-334.56K	USD	3 Qtrs
Loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$113.83K	USD	1 Quarter
Loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-906.82K	USD	1 Quarter
Loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$820.32K	USD	3 Qtrs
Net (loss) income attributable to Bulk Partners (Bermuda) LTD.	`NetIncomeLoss`	$10.52M	USD	3 Qtrs
Net (loss) income attributable to Bulk Partners (Bermuda) LTD.	`NetIncomeLoss`	$4.91M	USD	3 Qtrs
Net (loss) income attributable to Bulk Partners (Bermuda) LTD.	`NetIncomeLoss`	$-2.91M	USD	1 Quarter
Net (loss) income attributable to Bulk Partners (Bermuda) LTD.	`NetIncomeLoss`	$5.87M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-63.30	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-15.92	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-7.77	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-64.68	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-63.30	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-15.92	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-7.77	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-64.68	USD	1 Quarter
Weighted average shares used to compute loss per common share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	87,329.00	shares	3 Qtrs
Weighted average shares used to compute loss per common share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	87,329.00	shares	1 Quarter
Weighted average shares used to compute loss per common share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	87,329.00	shares	3 Qtrs
Weighted average shares used to compute loss per common share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	87,329.00	shares	1 Quarter

Cash Flow Statement 93 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$-3.82M	USD	1 Quarter
Net income	`ProfitLoss`	$5.98M	USD	1 Quarter
Net income	`ProfitLoss`	$11.34M	USD	3 Qtrs
Net income	`ProfitLoss`	$4.58M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$7.06M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$8.42M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$627.96K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$658.09K	USD	3 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$183.29K	USD	3 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$-2.12M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-385.01K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	3 Qtrs
Write Off Of Unamortized Financing Costs	`WriteOffOfUnamortizedFinancingCosts`	$241.52K	USD	3 Qtrs
Write Off Of Unamortized Financing Costs	`WriteOffOfUnamortizedFinancingCosts`	-	USD	3 Qtrs
Amortization of discount on related party long-term debt	`AmortizationOfDiscountOnRelatedPartyLongtermDebt`	-	USD	3 Qtrs
Amortization of discount on related party long-term debt	`AmortizationOfDiscountOnRelatedPartyLongtermDebt`	$322.95K	USD	3 Qtrs
Imputed interest on related party long-term debt	`AdjustedImputedInterestOnRelatedPartyLongtermDebt`	$793.22K	USD	3 Qtrs
Imputed interest on related party long-term debt	`AdjustedImputedInterestOnRelatedPartyLongtermDebt`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.61M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.02M	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$154.02K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$56.78K	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$4.49M	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-22.18K	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-687.30K	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.77M	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$236.22K	USD	3 Qtrs
Account payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-4.57M	USD	3 Qtrs
Account payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$2.34M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-381.01K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-657.49K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-10.29M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$147.24K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$18.93M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.42M	USD	3 Qtrs
Purchase of vessels	`PaymentForPurchaseOfVessels`	$38.29M	USD	3 Qtrs
Purchase of vessels	`PaymentForPurchaseOfVessels`	$75.59M	USD	3 Qtrs
Sale of vessels	`ProceedsFromSaleOfVessels`	-	USD	3 Qtrs
Sale of vessels	`ProceedsFromSaleOfVessels`	$19.33M	USD	3 Qtrs
Deposits on newbuildings in-process	`PaymentsToAcquireBuildings`	$6.96M	USD	3 Qtrs
Deposits on newbuildings in-process	`PaymentsToAcquireBuildings`	-	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	-	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$3.64M	USD	3 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$558.38K	USD	3 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$92.39K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-30.12M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-75.68M	USD	3 Qtrs
Proceeds of related party debt	`ProceedsFromRelatedPartyDebt`	$21.56M	USD	3 Qtrs
Proceeds of related party debt	`ProceedsFromRelatedPartyDebt`	$4.75M	USD	3 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$54.51K	USD	3 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$203.58K	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$32.20M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$35.50M	USD	3 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$1.60M	USD	3 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$366.80K	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$9.71M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$24.80M	USD	3 Qtrs
Proceeds from issuance of convertible redeemable preferred stock	`ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock`	$18.20M	USD	3 Qtrs
Proceeds from issuance of convertible redeemable preferred stock	`ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock`	-	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$100.00K	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$100.00K	USD	3 Qtrs
Decrease (increase) in restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	3 Qtrs
Decrease (increase) in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-687.50K	USD	3 Qtrs
Distributions to non-controlling interest	`PaymentsOfDistributionsToAffiliates`	-	USD	3 Qtrs
Distributions to non-controlling interest	`PaymentsOfDistributionsToAffiliates`	$176.67K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$60.86M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$14.93M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.11M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.23M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.93M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.16M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.16M	USD	Point-in-time
Dividends declared, not paid	`Dividends`	$5.77M	USD	3 Qtrs
Dividends declared, not paid	`Dividends`	$6.30M	USD	3 Qtrs
Issuance of convertible redeemable preferred stock as settlement of accrued dividends	`IssuanceOfConvertibleRedeemablePreferredStockAsSettlementOfAccruedDividends`	$213.15K	USD	3 Qtrs
Issuance of convertible redeemable preferred stock as settlement of accrued dividends	`IssuanceOfConvertibleRedeemablePreferredStockAsSettlementOfAccruedDividends`	-	USD	3 Qtrs
Issuance of convertible redeemable preferred stock in settlement of notes payable	`DebtConversionConvertedInstrumentAmount1`	-	USD	3 Qtrs
Issuance of convertible redeemable preferred stock in settlement of notes payable	`DebtConversionConvertedInstrumentAmount1`	$1.39M	USD	3 Qtrs
Beneficial conversion feature of convertible redeemable preferred stock at issuance date	`BeneficialConversionFeatureOfConvertibleRedeemablePreferredStock`	$5.75M	USD	3 Qtrs
Beneficial conversion feature of convertible redeemable preferred stock at issuance date	`BeneficialConversionFeatureOfConvertibleRedeemablePreferredStock`	-	USD	3 Qtrs
Modification of Shareholder loan to on Demand	`ModificationOfShareholderLoanToOnDemand`	$16.43M	USD	3 Qtrs
Imputed interest on related party long-term debt	`AmortizationOfDiscountAndImputedInterestOnRelatedPartyLongTermDebt`	$793.22K	USD	3 Qtrs
Imputed interest on related party long-term debt	`AmortizationOfDiscountAndImputedInterestOnRelatedPartyLongTermDebt`	$322.95K	USD	3 Qtrs
Discount on related party long-term debt	`DiscountOnRelatedPartyLongTermDebt`	-	USD	3 Qtrs
Discount on related party long-term debt	`DiscountOnRelatedPartyLongTermDebt`	$17.08M	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$3.66M	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$4.37M	USD	3 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.64M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.52M	USD	Point-in-time
Accrued convertible redeemable preferred stock dividends	`DividendsPreferredStock`	$-2.74M	USD	1 Quarter
Accrued convertible redeemable preferred stock dividends	`DividendsPreferredStock`	$-5.77M	USD	3 Qtrs
Accrued convertible redeemable preferred stock dividends	`DividendsPreferredStock`	$-6.30M	USD	3 Qtrs
Accrued convertible redeemable preferred stock dividends	`DividendsPreferredStock`	$-2.94M	USD	1 Quarter
Shareholder loan modification	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$-16.43M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-3.82M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$5.98M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$11.34M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$4.58M	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.64M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.52M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.