10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001606909-16-000294`
Period End Date	20160930
Filing Date	20161110
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	panl-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 92 Cash Flow Statement 82

Balance Sheet 70 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`	$4.81M	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`	$37.52M	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`	$28.19M	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`	$6.50M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable (net of allowance of $4,812,243 at September 30, 2016 and $5,067,194 at December 31,2015)	`AccountsReceivableNetCurrent`	$14.81M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable (net of allowance of $4,812,243 at September 30, 2016 and $5,067,194 at December 31,2015)	`AccountsReceivableNetCurrent`	$19.62M	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`	$9.34M	USD	Point-in-time
Bunker inventory	`InventoryNet`	$7.49M	USD	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.68M	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`	$5.15M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	36.58M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$69.31M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	36.50M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$63.99M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	36.50M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$278.82M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$255.15M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	36.58M	shares	Point-in-time
Investments in newbuildings in-process	`DevelopmentInProcess`	$42.51M	USD	Point-in-time
Investments in newbuildings in-process	`DevelopmentInProcess`	$11.82M	USD	Point-in-time
Total assets	`Assets`	$354.63M	USD	Point-in-time
Total assets	`Assets`	$366.96M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$19.70M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$22.16M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$13.32M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$12.58M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.52M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$4.45M	USD	Point-in-time
Current portion long-term debt	`OtherLongTermDebtCurrent`	$19.50M	USD	Point-in-time
Current portion long-term debt	`OtherLongTermDebtCurrent`	$18.00M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$12.62M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$12.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$72.15M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$129.50M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$112.03M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`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; 36,525,053 shares issued and outstanding at June 30, 2016; 36,503,837 shares issued and outstanding and December 31, 2015	`CommonStockValue`	$3.66K	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`	$133.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$133.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.87M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$108.21M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$116.04M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$57.10M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$60.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$165.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$176.17M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$354.63M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$366.96M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Voyage revenue	`VoyageRevenue`	$161.51M	USD	3 Qtrs
Voyage revenue	`VoyageRevenue`	$64.60M	USD	1 Quarter
Voyage revenue	`VoyageRevenue`	$216.08M	USD	3 Qtrs
Voyage revenue	`VoyageRevenue`	$65.99M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$10.17M	USD	3 Qtrs
Charter revenue	`CharterRevenue`	$6.59M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$15.33M	USD	3 Qtrs
Charter revenue	`CharterRevenue`	$4.80M	USD	1 Quarter
Revenues	`Revenues`	$231.41M	USD	3 Qtrs
Revenues	`Revenues`	$71.19M	USD	1 Quarter
Revenues	`Revenues`	$70.78M	USD	1 Quarter
Revenues	`Revenues`	$171.68M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$103.85M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$30.39M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$74.43M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$29.17M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$60.46M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$19.66M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$20.60M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$43.20M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$8.46M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$23.36M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$7.48M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$22.28M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.18M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.15M	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`	$10.58M	USD	3 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$3.53M	USD	1 Quarter
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$9.46M	USD	3 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	3 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	$-638.64K	USD	3 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	$-71.88K	USD	1 Quarter
Loss on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Total expenses	`OperatingExpenses`	$159.64M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$209.59M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$63.02M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$66.32M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$21.81M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.04M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$4.87M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.77M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$4.18M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$4.16M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$1.26M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.49M	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$79.71K	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$110.76K	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$336.49K	USD	3 Qtrs
Interest expense on related party debt	`InterestExpenseRelatedParty`	$235.21K	USD	3 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$672.87K	USD	3 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$1.21M	USD	3 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-513.68K	USD	1 Quarter
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$161.00K	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	$-42.75K	USD	3 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	$-8.10K	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	$174.08K	USD	3 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-3.22M	USD	3 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-3.67M	USD	3 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-1.18M	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-2.09M	USD	1 Quarter
Net income	`ProfitLoss`	$2.78M	USD	1 Quarter
Net income	`ProfitLoss`	$8.82M	USD	3 Qtrs
Net income	`ProfitLoss`	$6.58M	USD	1 Quarter
Net income	`ProfitLoss`	$18.14M	USD	3 Qtrs
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.08M	USD	3 Qtrs
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.43M	USD	3 Qtrs
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-221.90K	USD	1 Quarter
Income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$517.70K	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$16.06M	USD	3 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$6.06M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$7.39M	USD	3 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$3.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.21	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.46	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.21	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.17M	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.49M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.17M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.15M	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.49M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.30M	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.35M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.17M	shares	3 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$2.78M	USD	1 Quarter
Net income	`ProfitLoss`	$8.82M	USD	3 Qtrs
Net income	`ProfitLoss`	$6.58M	USD	1 Quarter
Net income	`ProfitLoss`	$18.14M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$9.46M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$10.58M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$591.44K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$513.31K	USD	3 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$672.87K	USD	3 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$1.21M	USD	3 Qtrs
Loss (gain) from equity method investee	`IncomeLossFromEquityMethodInvestments`	$61.36K	USD	3 Qtrs
Loss (gain) from equity method investee	`IncomeLossFromEquityMethodInvestments`	$-68.48K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$453.42K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$982.39K	USD	3 Qtrs
Loss on sales of vessels	`GainLossOnSaleOfOtherAssets`	-	USD	3 Qtrs
Loss on sales of vessels	`GainLossOnSaleOfOtherAssets`	$-638.64K	USD	3 Qtrs
Write off unamortized financing costs of repaid debt	`WriteOffOfUnamortizedFinancingCosts`	$25.56K	USD	3 Qtrs
Write off unamortized financing costs of repaid debt	`WriteOffOfUnamortizedFinancingCosts`	-	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$372.60K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$274.29K	USD	3 Qtrs
Increase (Decrease) in Restricted Cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-499.27K	USD	3 Qtrs
Increase (Decrease) in Restricted Cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.44M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.82M	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-5.59M	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$1.85M	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.47M	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.01M	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$42.48K	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$643.00K	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-743.92K	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-15.67M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-925.49K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-6.28M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$17.38M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$18.32M	USD	3 Qtrs
Purchase of vessels	`PaymentForPurchaseOfVessels`	$44.80M	USD	3 Qtrs
Purchase of vessels	`PaymentForPurchaseOfVessels`	$319.43K	USD	3 Qtrs
Proceeds from sales of vessels	`ProceedsFromSaleOfVessels`	$8.27M	USD	3 Qtrs
Proceeds from sales of vessels	`ProceedsFromSaleOfVessels`	-	USD	3 Qtrs
Payments to Acquire Buildings	`PaymentsToAcquireBuildings`	$3.05M	USD	3 Qtrs
Payments to Acquire Buildings	`PaymentsToAcquireBuildings`	$3.47M	USD	3 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$315.82K	USD	3 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$59.38K	USD	3 Qtrs
Payments to Acquire Additional Interest in Subsidiaries	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	$250.00K	USD	3 Qtrs
Payments to Acquire Additional Interest in Subsidiaries	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-40.31M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.69M	USD	3 Qtrs
Proceeds of related party debt	`ProceedsFromRelatedPartyDebt`	$4.68M	USD	3 Qtrs
Proceeds of related party debt	`ProceedsFromRelatedPartyDebt`	$1.52M	USD	3 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	$1.22M	USD	3 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	$2.50M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.38M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$46.00M	USD	3 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$45.76K	USD	3 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$928.20K	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$17.60M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$20.81M	USD	3 Qtrs
Repayments of Lines of Credit	`RepaymentsOfLinesOfCredit`	$3.00M	USD	3 Qtrs
Repayments of Lines 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
Increase (Decrease) in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	$5.00M	USD	3 Qtrs
Increase (Decrease) in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	-	USD	3 Qtrs
Proceeds from (Payments to) Noncontrolling Interests [Abstract]	`ProceedsFromPaymentsToMinorityShareholders`	$1.60M	USD	3 Qtrs
Proceeds from (Payments to) Noncontrolling Interests [Abstract]	`ProceedsFromPaymentsToMinorityShareholders`	-	USD	3 Qtrs
Payments to Noncontrolling Interests	`PaymentsToMinorityShareholders`	-	USD	3 Qtrs
Payments to Noncontrolling Interests	`PaymentsToMinorityShareholders`	$521.92K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-23.96M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$27.31M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.38M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.33M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.52M	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`	$28.19M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.52M	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`	$28.19M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$3.52M	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$3.88M	USD	3 Qtrs

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