S-1/A Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909

Filing Information

Form Type	S-1/A
Accession Number	`0001606909-15-000080`
Period End Date	20150630
Filing Date	20150916
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	panl-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 92 Cash Flow Statement 84

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$4.03M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$4.54M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.50M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.00M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable (net of allowance of $4,542,781 at June 30,2015 and $4,029,669 at December 31,2014)	`AccountsReceivableNetCurrent`	$21.00M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable (net of allowance of $4,542,781 at June 30,2015 and $4,029,669 at December 31,2014)	`AccountsReceivableNetCurrent`	$27.36M	USD	Point-in-time
Bunker inventory	`InventoryNet`	$15.60M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Bunker inventory	`InventoryNet`	$12.61M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.38M	USD	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.57M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	34.76M	shares	Point-in-time
Vessels held for sale, net	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$4.52M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	34.76M	shares	Point-in-time
Vessels held for sale, net	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.49M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	34.76M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$77.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$84.87M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	34.76M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$207.67M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$265.71M	USD	Point-in-time
Investments in newbuildings in-process	`DevelopmentInProcess`	$38.47M	USD	Point-in-time
Investments in newbuildings in-process	`DevelopmentInProcess`	$15.38M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$876.96K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$1.45M	USD	Point-in-time
Total assets	`Assets`	$332.46M	USD	Point-in-time
Total assets	`Assets`	$359.61M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$40.20M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$24.92M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$59.10M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$60.62M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$11.75M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.86M	USD	Point-in-time
Current portion long-term debt	`OtherLongTermDebtCurrent`	$17.81M	USD	Point-in-time
Current portion long-term debt	`OtherLongTermDebtCurrent`	$22.20M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$3.00M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$12.82M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$12.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$144.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$126.32M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$118.05M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$87.43M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 1,000,000 shares authorized and no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 1,000,000 shares authorized and no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized 35,484,993 and 34,756,980 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$3.56K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized 35,484,993 and 34,756,980 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$3.48K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$133.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$134.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.14M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$109.78M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$97.82M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$2.53M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$5.46M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$100.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$115.24M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$359.61M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$332.46M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Voyage revenue	`VoyageRevenue`	$171.48M	USD	2 Qtrs
Voyage revenue	`VoyageRevenue`	$151.48M	USD	2 Qtrs
Voyage revenue	`VoyageRevenue`	$79.92M	USD	1 Quarter
Voyage revenue	`VoyageRevenue`	$60.90M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$9.86M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$4.20M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$8.74M	USD	2 Qtrs
Charter revenue	`CharterRevenue`	$32.51M	USD	2 Qtrs
Revenues	`Revenues`	$65.10M	USD	1 Quarter
Revenues	`Revenues`	$160.22M	USD	2 Qtrs
Revenues	`Revenues`	$89.78M	USD	1 Quarter
Revenues	`Revenues`	$203.99M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$73.45M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$41.89M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$28.13M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$90.03M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$77.96M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$39.85M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$33.98M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$15.20M	USD	1 Quarter
Vessel operating expenses	`VesselOperatingExpense`	$14.90M	USD	2 Qtrs
Vessel operating expenses	`VesselOperatingExpense`	$7.73M	USD	1 Quarter
Vessel operating expenses	`VesselOperatingExpense`	$14.65M	USD	2 Qtrs
Vessel operating expenses	`VesselOperatingExpense`	$7.12M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.93M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.92M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.35M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.23M	USD	2 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$2.74M	USD	1 Quarter
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$5.30M	USD	2 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$6.26M	USD	2 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$3.27M	USD	1 Quarter
Loss (gain) on sale of vessels	`GainLossOnSaleOfProperties`	$-566.76K	USD	2 Qtrs
Loss (gain) on sale of vessels	`GainLossOnSaleOfProperties`	$2.29M	USD	1 Quarter
Loss (gain) on sale of vessels	`GainLossOnSaleOfProperties`	$2.29M	USD	2 Qtrs
Loss (gain) on sale of vessels	`GainLossOnSaleOfProperties`	$-477.89K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$190.57M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$58.11M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$86.42M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$143.27M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$16.95M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$7.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.36M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$13.42M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$1.47M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.99M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$1.28M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.69M	USD	2 Qtrs
Interest expense related party debt	`InterestExpenseRelatedParty`	$225.73K	USD	2 Qtrs
Interest expense related party debt	`InterestExpenseRelatedParty`	$110.76K	USD	1 Quarter
Interest expense related party debt	`InterestExpenseRelatedParty`	$20.23K	USD	1 Quarter
Interest expense related party debt	`InterestExpenseRelatedParty`	$62.36K	USD	2 Qtrs
Imputed interest on related party long-term debt	`ImputedInterestOnRelatedPartyLongTermDebt`	-	USD	1 Quarter
Imputed interest on related party long-term debt	`ImputedInterestOnRelatedPartyLongTermDebt`	-	USD	1 Quarter
Imputed interest on related party long-term debt	`ImputedInterestOnRelatedPartyLongTermDebt`	-	USD	2 Qtrs
Imputed interest on related party long-term debt	`ImputedInterestOnRelatedPartyLongTermDebt`	$322.95K	USD	2 Qtrs
Unrealized gain (loss) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-1.20M	USD	1 Quarter
Unrealized gain (loss) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-1.57M	USD	2 Qtrs
Unrealized gain (loss) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$363.10K	USD	1 Quarter
Unrealized gain (loss) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$1.19M	USD	2 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$74.23K	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	$-75.77K	USD	2 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$60.94K	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	$144.08K	USD	2 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-5.02M	USD	2 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-966.66K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-1.59M	USD	2 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-2.62M	USD	1 Quarter
Net income	`ProfitLoss`	$15.36M	USD	2 Qtrs
Net income	`ProfitLoss`	$8.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$738.18K	USD	1 Quarter
Net income	`ProfitLoss`	$6.03M	USD	1 Quarter
(Income) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.30M	USD	2 Qtrs
(Income) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$572.26K	USD	2 Qtrs
(Income) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$569.23K	USD	1 Quarter
(Income) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-491.75K	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$13.06M	USD	2 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$7.82M	USD	2 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$1.23M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$5.46M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.15	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.37	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.37	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	35.00M	shares	2 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	35.24M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.42M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.42M	shares	2 Qtrs

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$15.36M	USD	2 Qtrs
Net income	`ProfitLoss`	$8.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$738.18K	USD	1 Quarter
Net income	`ProfitLoss`	$6.03M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$6.26M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$5.30M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$469.77K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$404.97K	USD	2 Qtrs
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$1.19M	USD	2 Qtrs
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$-1.57M	USD	2 Qtrs
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$61.36K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-4.46K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$513.11K	USD	2 Qtrs
Loss (gain) on sales of vessels	`GainLossOnSaleOfOtherAssets`	$2.29M	USD	2 Qtrs
Loss (gain) on sales of vessels	`GainLossOnSaleOfOtherAssets`	$-566.76K	USD	2 Qtrs
Write off unamortized financing costs of repaid debt	`WriteOffOfUnamortizedFinancingCosts`	$241.52K	USD	2 Qtrs
Write off unamortized financing costs of repaid debt	`WriteOffOfUnamortizedFinancingCosts`	$25.56K	USD	2 Qtrs
Amortization of discount on related party long-term debt	`AmortizationOfDiscountOnRelatedPartyLongtermDebt`	-	USD	2 Qtrs
Amortization of discount on related party long-term debt	`AmortizationOfDiscountOnRelatedPartyLongtermDebt`	$322.95K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$305.82K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.08M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.84M	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-2.99M	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$757.53K	USD	2 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.82M	USD	2 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.16M	USD	2 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-13.35M	USD	2 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-14.14M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-9.39M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-5.89M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.81M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$9.75M	USD	2 Qtrs
Purchase of vessels	`PaymentForPurchaseOfVessels`	$44.77M	USD	2 Qtrs
Purchase of vessels	`PaymentForPurchaseOfVessels`	$15.05M	USD	2 Qtrs
Proceeds from sales of vessels	`ProceedsFromSaleOfVessels`	$4.52M	USD	2 Qtrs
Proceeds from sales of vessels	`ProceedsFromSaleOfVessels`	$12.40M	USD	2 Qtrs
Deposits on newbuildings in-process	`PaymentsToAcquireBuildings`	$85.00K	USD	2 Qtrs
Deposits on newbuildings in-process	`PaymentsToAcquireBuildings`	$3.46M	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	-	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$287.42K	USD	2 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$228.75K	USD	2 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$52.94K	USD	2 Qtrs
Purchase of non-controlling interest	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	$250.00K	USD	2 Qtrs
Purchase of non-controlling interest	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.63M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-40.63M	USD	2 Qtrs
Proceeds of related party debt	`ProceedsFromRelatedPartyDebt`	$2.51M	USD	2 Qtrs
Proceeds of related party debt	`ProceedsFromRelatedPartyDebt`	$2.38M	USD	2 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$1.22M	USD	2 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$162.93K	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$13.00M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$45.00M	USD	2 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$137.58K	USD	2 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$729.87K	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$9.78M	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$15.52M	USD	2 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$3.00M	USD	2 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$100.00K	USD	2 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$100.00K	USD	2 Qtrs
Distribution to non-controlling interest	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Distribution to non-controlling interest	`PaymentsToMinorityShareholders`	$521.92K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-546.33K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$32.16M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.57M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.34M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.82M	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`	$21.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.82M	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`	$21.50M	USD	Point-in-time
Dividends declared, not paid	`Dividends`	$3.56M	USD	2 Qtrs
Dividends declared, not paid	`Dividends`	-	USD	2 Qtrs
Modification of shareholder loan to on demand	`ModificationofShareholderLoantoonDemand`	-	USD	2 Qtrs
Modification of shareholder loan to on demand	`ModificationofShareholderLoantoonDemand`	$16.43M	USD	2 Qtrs
Imputed interest on related party long-term debt	`AmortizationOfDiscountAndImputedInterestOnRelatedPartyLongTermDebt`	$322.95K	USD	2 Qtrs
Imputed interest on related party long-term debt	`AmortizationOfDiscountAndImputedInterestOnRelatedPartyLongTermDebt`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$2.41M	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$2.43M	USD	2 Qtrs

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