10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001606909-16-000274`
Period End Date	20160630
Filing Date	20160815
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	panl-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 92 Cash Flow Statement 78

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$5.07M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$4.76M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.42M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	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`	$37.52M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.50M	USD	Point-in-time
Accounts receivable (net of allowance of $4,761,813 at June 30, 2016 and $5,067,194 at December 31,2015)	`AccountsReceivableNetCurrent`	$14.48M	USD	Point-in-time
Accounts receivable (net of allowance of $4,761,813 at June 30, 2016 and $5,067,194 at December 31,2015)	`AccountsReceivableNetCurrent`	$19.62M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Bunker inventory	`InventoryNet`	$8.39M	USD	Point-in-time
Bunker inventory	`InventoryNet`	$7.49M	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.76M	USD	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`	$2.68M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	36.53M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$60.56M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	36.50M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$69.31M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	36.53M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$282.08M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	36.50M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$255.15M	USD	Point-in-time
Investments in newbuildings in-process	`DevelopmentInProcess`	$8.85M	USD	Point-in-time
Investments in newbuildings in-process	`DevelopmentInProcess`	$42.51M	USD	Point-in-time
Total assets	`Assets`	$351.49M	USD	Point-in-time
Total assets	`Assets`	$366.96M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$22.16M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$18.41M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$13.32M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$10.98M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$4.45M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$4.35M	USD	Point-in-time
Current portion long-term debt	`OtherLongTermDebtCurrent`	$19.50M	USD	Point-in-time
Current portion long-term debt	`OtherLongTermDebtCurrent`	$20.09M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$12.72M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$12.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$72.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.45M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$129.50M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$117.21M	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; 36,525,053 shares issued and outstanding at June 30, 2016; 36,503,837 shares issued and outstanding and December 31, 2015	`CommonStockValue`	$3.65K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 36,525,053 shares issued and outstanding at June 30, 2016; 36,503,837 shares issued and outstanding and December 31, 2015	`CommonStockValue`	$3.65K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$133.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$133.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.87M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$109.81M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$108.21M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$57.10M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$58.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$165.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$167.83M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$366.96M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$351.49M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Voyage revenue	`VoyageRevenue`	$95.52M	USD	2 Qtrs
Voyage revenue	`VoyageRevenue`	$60.90M	USD	1 Quarter
Voyage revenue	`VoyageRevenue`	$53.55M	USD	1 Quarter
Voyage revenue	`VoyageRevenue`	$151.48M	USD	2 Qtrs
Charter revenue	`CharterRevenue`	$4.20M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$5.38M	USD	2 Qtrs
Charter revenue	`CharterRevenue`	$3.41M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$8.74M	USD	2 Qtrs
Revenues	`Revenues`	$100.90M	USD	2 Qtrs
Revenues	`Revenues`	$56.96M	USD	1 Quarter
Revenues	`Revenues`	$65.10M	USD	1 Quarter
Revenues	`Revenues`	$160.22M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$26.77M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$28.13M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$73.45M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$45.27M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$15.04M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$23.54M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$15.20M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$39.85M	USD	2 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$7.12M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$14.79M	USD	2 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$7.90M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$14.90M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.94M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.97M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.92M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.23M	USD	2 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$6.26M	USD	2 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$3.27M	USD	1 Quarter
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$7.04M	USD	2 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$3.53M	USD	1 Quarter
Loss on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Loss on sale of vessels	`GainLossOnSaleOfProperties`	$-566.76K	USD	2 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	2 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	$-477.89K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$56.18M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$58.11M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$96.62M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$143.27M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$16.95M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$4.28M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$784.38K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.90M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$1.28M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.53M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.69M	USD	2 Qtrs
Interest expense on related party debt	`InterestExpenseRelatedParty`	$75.01K	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$155.50K	USD	2 Qtrs
Interest expense on related party debt	`InterestExpenseRelatedParty`	$110.76K	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$225.73K	USD	2 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$1.05M	USD	2 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$1.39M	USD	1 Quarter
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$363.10K	USD	1 Quarter
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$1.19M	USD	2 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$67.66K	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	$144.08K	USD	2 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$-34.66K	USD	2 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$60.94K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-1.59M	USD	2 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-2.04M	USD	2 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-150.38K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-966.66K	USD	1 Quarter
Net income	`ProfitLoss`	$15.36M	USD	2 Qtrs
Net income	`ProfitLoss`	$6.03M	USD	1 Quarter
Net income	`ProfitLoss`	$634.00K	USD	1 Quarter
Net income	`ProfitLoss`	$2.24M	USD	2 Qtrs
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$911.43K	USD	2 Qtrs
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.30M	USD	2 Qtrs
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$569.23K	USD	1 Quarter
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$504.36K	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$1.33M	USD	2 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$5.46M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$129.63K	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$13.06M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.37	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.37	USD	2 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.14M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.24M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.15M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.00M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.24M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.27M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.00M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.34M	shares	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$15.36M	USD	2 Qtrs
Net income	`ProfitLoss`	$6.03M	USD	1 Quarter
Net income	`ProfitLoss`	$634.00K	USD	1 Quarter
Net income	`ProfitLoss`	$2.24M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$7.04M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$6.26M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$354.43K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$404.97K	USD	2 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$1.19M	USD	2 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$1.05M	USD	2 Qtrs
Loss (gain) from equity method investee	`IncomeLossFromEquityMethodInvestments`	$-30.38K	USD	2 Qtrs
Loss (gain) from equity method investee	`IncomeLossFromEquityMethodInvestments`	$61.36K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$513.11K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$931.96K	USD	2 Qtrs
Loss on sales of vessels	`GainLossOnSaleOfOtherAssets`	$-566.76K	USD	2 Qtrs
Loss on sales of vessels	`GainLossOnSaleOfOtherAssets`	-	USD	2 Qtrs
Write off unamortized financing costs of repaid debt	`WriteOffOfUnamortizedFinancingCosts`	-	USD	2 Qtrs
Write off unamortized financing costs of repaid debt	`WriteOffOfUnamortizedFinancingCosts`	$25.56K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$305.82K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$176.07K	USD	2 Qtrs
Increase (Decrease) in Restricted Cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	-	USD	2 Qtrs
Increase (Decrease) in Restricted Cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-500.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.84M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.21M	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$900.31K	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-2.99M	USD	2 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.08M	USD	2 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.82M	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	-	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$42.48K	USD	2 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-14.14M	USD	2 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-2.32M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-99.24K	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`	$9.99M	USD	2 Qtrs
Purchase of vessels	`PaymentForPurchaseOfVessels`	$319.43K	USD	2 Qtrs
Purchase of vessels	`PaymentForPurchaseOfVessels`	$44.77M	USD	2 Qtrs
Proceeds from sales of vessels	`ProceedsFromSaleOfVessels`	$4.52M	USD	2 Qtrs
Proceeds from sales of vessels	`ProceedsFromSaleOfVessels`	-	USD	2 Qtrs
Payments to Acquire Buildings	`PaymentsToAcquireBuildings`	$83.00K	USD	2 Qtrs
Payments to Acquire Buildings	`PaymentsToAcquireBuildings`	$85.00K	USD	2 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$30.00K	USD	2 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$52.94K	USD	2 Qtrs
Payments to Acquire Additional Interest in Subsidiaries	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	-	USD	2 Qtrs
Payments to Acquire Additional Interest in Subsidiaries	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	$250.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-40.63M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-432.43K	USD	2 Qtrs
Proceeds of related party debt	`ProceedsFromRelatedPartyDebt`	$2.51M	USD	2 Qtrs
Proceeds of related party debt	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	$2.50M	USD	2 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	$1.22M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$45.00M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.10M	USD	2 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$729.87K	USD	2 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$34.42K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$13.11M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$9.78M	USD	2 Qtrs
Repayments of Lines of Credit	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Repayments of Lines 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
Payments to Noncontrolling Interests	`PaymentsToMinorityShareholders`	$521.92K	USD	2 Qtrs
Payments to Noncontrolling Interests	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$32.16M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-14.65M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.34M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.10M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.42M	USD	Point-in-time
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`	$37.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.42M	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`	$37.52M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$2.38M	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$2.41M	USD	2 Qtrs

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