10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001606909-15-000150`
Period End Date	20150930
Filing Date	20151112
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	panl-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 92 Cash Flow Statement 86

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`	$4.48M	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`	$18.93M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.16M	USD	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 Issued (in shares)	`PreferredStockSharesIssued`	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`	$24.47M	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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Bunker inventory	`InventoryNet`	$10.01M	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
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.53M	USD	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.57M	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	34.76M	shares	Point-in-time
Vessels held for sale, net	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	35.54M	shares	Point-in-time
Vessels held for sale, net	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$4.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$73.21M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	35.54M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	34.76M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$84.87M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$207.67M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$263.12M	USD	Point-in-time
Investments in newbuildings in-process	`DevelopmentInProcess`	$18.77M	USD	Point-in-time
Investments in newbuildings in-process	`DevelopmentInProcess`	$38.47M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$1.45M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$836.11K	USD	Point-in-time
Total assets	`Assets`	$332.46M	USD	Point-in-time
Total assets	`Assets`	$355.93M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$23.44M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$40.20M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$62.90M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$59.10M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.47M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$11.75M	USD	Point-in-time
Current portion long-term debt	`OtherLongTermDebtCurrent`	$18.14M	USD	Point-in-time
Current portion long-term debt	`OtherLongTermDebtCurrent`	$17.81M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$3.00M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$12.72M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$12.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$122.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$144.69M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$87.43M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$115.22M	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 35,537,169 and 34,756,980 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$3.57K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized 35,537,169 and 34,756,980 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$3.48K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$134.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$133.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.53M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$112.81M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$97.82M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$5.24M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$2.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$118.04M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$100.35M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$332.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$355.93M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Voyage revenue	`VoyageRevenue`	$252.08M	USD	3 Qtrs
Voyage revenue	`VoyageRevenue`	$80.60M	USD	1 Quarter
Voyage revenue	`VoyageRevenue`	$64.60M	USD	1 Quarter
Voyage revenue	`VoyageRevenue`	$216.08M	USD	3 Qtrs
Charter revenue	`CharterRevenue`	$43.11M	USD	3 Qtrs
Charter revenue	`CharterRevenue`	$6.59M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$10.60M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$15.33M	USD	3 Qtrs
Revenues	`Revenues`	$231.41M	USD	3 Qtrs
Revenues	`Revenues`	$295.20M	USD	3 Qtrs
Revenues	`Revenues`	$71.19M	USD	1 Quarter
Revenues	`Revenues`	$91.21M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$136.62M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$46.60M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$30.39M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$103.85M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$112.27M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$60.46M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$20.60M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$34.32M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$8.46M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$7.94M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$22.59M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$23.36M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.79M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.72M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.60M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.83M	USD	3 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$3.20M	USD	1 Quarter
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$9.46M	USD	3 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$3.12M	USD	1 Quarter
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$8.42M	USD	3 Qtrs
Loss (gain) on sale of vessels	`GainLossOnSaleOfProperties`	$-638.64K	USD	3 Qtrs
Loss (gain) on sale of vessels	`GainLossOnSaleOfProperties`	$1.66M	USD	1 Quarter
Loss (gain) on sale of vessels	`GainLossOnSaleOfProperties`	$3.95M	USD	3 Qtrs
Loss (gain) on sale of vessels	`GainLossOnSaleOfProperties`	$-71.88K	USD	1 Quarter
Total expense	`OperatingExpenses`	$209.59M	USD	3 Qtrs
Total expense	`OperatingExpenses`	$93.10M	USD	1 Quarter
Total expense	`OperatingExpenses`	$283.67M	USD	3 Qtrs
Total expense	`OperatingExpenses`	$66.32M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$21.81M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$11.53M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$4.87M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-1.89M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$4.34M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$1.35M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$4.18M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$1.49M	USD	1 Quarter
Interest expense related party debt	`InterestExpenseRelatedParty`	$108.42K	USD	1 Quarter
Interest expense related party debt	`InterestExpenseRelatedParty`	$336.49K	USD	3 Qtrs
Interest expense related party debt	`InterestExpenseRelatedParty`	$170.78K	USD	3 Qtrs
Interest expense related party debt	`InterestExpenseRelatedParty`	$110.76K	USD	1 Quarter
Imputed interest on related party long-term debt	`ImputedInterestOnRelatedPartyLongTermDebt`	-	USD	3 Qtrs
Imputed interest on related party long-term debt	`ImputedInterestOnRelatedPartyLongTermDebt`	$322.95K	USD	3 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
Unrealized (loss) gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-551.35K	USD	1 Quarter
Unrealized (loss) gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$672.87K	USD	3 Qtrs
Unrealized (loss) gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-2.12M	USD	3 Qtrs
Unrealized (loss) gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-513.68K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$174.08K	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$83.80K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$8.03K	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-3.67M	USD	3 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-1.92M	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-2.09M	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-6.95M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$18.14M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$2.78M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$4.58M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-3.82M	USD	1 Quarter
Loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-334.56K	USD	3 Qtrs
Loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-221.90K	USD	1 Quarter
Loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-906.82K	USD	1 Quarter
Loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.08M	USD	3 Qtrs
Net income (loss) attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$4.91M	USD	3 Qtrs
Net income (loss) attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$3.00M	USD	1 Quarter
Net income (loss) attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$-2.91M	USD	1 Quarter
Net income (loss) attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$16.06M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.42	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.42	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.46	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	35.17M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.42M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	35.49M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.42M	shares	1 Quarter

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$18.14M	USD	3 Qtrs
Net income	`ProfitLoss`	$2.78M	USD	1 Quarter
Net income	`ProfitLoss`	$4.58M	USD	3 Qtrs
Net income	`ProfitLoss`	$-3.82M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$9.46M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$8.42M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$591.44K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$627.96K	USD	3 Qtrs
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$-2.12M	USD	3 Qtrs
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$672.87K	USD	3 Qtrs
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$61.36K	USD	3 Qtrs
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	-	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$453.42K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-385.01K	USD	3 Qtrs
Loss (gain) on sales of vessels	`GainLossOnSaleOfOtherAssets`	$-638.64K	USD	3 Qtrs
Loss (gain) on sales of vessels	`GainLossOnSaleOfOtherAssets`	$3.95M	USD	3 Qtrs
Write off unamortized financing costs of repaid debt	`WriteOffOfUnamortizedFinancingCosts`	$241.52K	USD	3 Qtrs
Write off unamortized financing costs of repaid debt	`WriteOffOfUnamortizedFinancingCosts`	$25.56K	USD	3 Qtrs
Amortization of discount on related party long-term debt	`AmortizationOfDiscountOnRelatedPartyLongtermDebt`	$322.95K	USD	3 Qtrs
Amortization of discount on related party long-term debt	`AmortizationOfDiscountOnRelatedPartyLongtermDebt`	-	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$372.60K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.46M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.44M	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-5.59M	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-22.18K	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.01M	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.77M	USD	3 Qtrs
Increase (Decrease) in Other Operating Assets	`IncreaseDecreaseInOtherOperatingAssets`	$236.22K	USD	3 Qtrs
Increase (Decrease) in Other Operating Assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-5.23M	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-15.67M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-10.29M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-6.28M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.47M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$18.03M	USD	3 Qtrs
Purchase of vessels	`PaymentForPurchaseOfVessels`	$44.80M	USD	3 Qtrs
Purchase of vessels	`PaymentForPurchaseOfVessels`	$38.29M	USD	3 Qtrs
Proceeds from sales of vessels	`ProceedsFromSaleOfVessels`	$23.28M	USD	3 Qtrs
Proceeds from sales of vessels	`ProceedsFromSaleOfVessels`	$8.27M	USD	3 Qtrs
Deposits on newbuildings in-process	`PaymentsToAcquireBuildings`	$6.96M	USD	3 Qtrs
Deposits on newbuildings in-process	`PaymentsToAcquireBuildings`	$3.47M	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$643.00K	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$3.64M	USD	3 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$59.38K	USD	3 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$558.38K	USD	3 Qtrs
Purchase of non-controlling interest	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	$250.00K	USD	3 Qtrs
Purchase of non-controlling interest	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-26.17M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-40.95M	USD	3 Qtrs
Proceeds of related party debt	`ProceedsFromRelatedPartyDebt`	$4.75M	USD	3 Qtrs
Proceeds of related party debt	`ProceedsFromRelatedPartyDebt`	$4.68M	USD	3 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$54.51K	USD	3 Qtrs
Payments on related party debt	`RepaymentsOfRelatedPartyDebt`	$1.22M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$35.50M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$46.00M	USD	3 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$928.20K	USD	3 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$366.80K	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$24.80M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$17.60M	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$3.00M	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$100.00K	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$100.00K	USD	3 Qtrs
Distribution to non-controlling interest	`PaymentsToMinorityShareholders`	-	USD	3 Qtrs
Distribution to non-controlling interest	`PaymentsToMinorityShareholders`	$521.92K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$14.93M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$27.31M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.23M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.38M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.93M	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`	$34.20M	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`	$18.93M	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`	$34.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.16M	USD	Point-in-time
Dividends declared, not paid	`Dividends`	$6.30M	USD	3 Qtrs
Dividends declared, not paid	`Dividends`	-	USD	3 Qtrs
Modification of shareholder loan to on demand	`ModificationofShareholderLoantoonDemand`	$16.43M	USD	3 Qtrs
Modification of shareholder loan to on demand	`ModificationofShareholderLoantoonDemand`	-	USD	3 Qtrs
Imputed interest on related party long-term debt	`AmortizationOfDiscountAndImputedInterestOnRelatedPartyLongTermDebt`	-	USD	3 Qtrs
Imputed interest on related party long-term debt	`AmortizationOfDiscountAndImputedInterestOnRelatedPartyLongTermDebt`	$322.95K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$3.88M	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$3.66M	USD	3 Qtrs

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