10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001606909-17-000086`
Period End Date	20170630
Filing Date	20170814
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	panl-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 92 Cash Flow Statement 77

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$4.28M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$4.75M	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`	$22.32M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.44M	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
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$6.10M	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 $4,283,826 at June 30, 2017 and $4,752,265 at December 31, 2016)	`AccountsReceivableNetCurrent`	$20.48M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable (net of allowance of $4,283,826 at June 30, 2017 and $4,752,265 at December 31, 2016)	`AccountsReceivableNetCurrent`	$26.65M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Bunker inventory	`InventoryNet`	$14.94M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Bunker inventory	`InventoryNet`	$13.20M	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`	$6.44M	USD	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.93M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	36.59M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$84.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$68.54M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	41.20M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	41.20M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	36.59M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$293.79M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$275.27M	USD	Point-in-time
Investments in newbuildings in-process	`DevelopmentInProcess`	$18.38M	USD	Point-in-time
Investments in newbuildings in-process	`DevelopmentInProcess`	-	USD	Point-in-time
Capital lease asset, net	`Capitalleaseassetnet`	-	USD	Point-in-time
Capital lease asset, net	`Capitalleaseassetnet`	$30.58M	USD	Point-in-time
Total assets	`Assets`	$409.34M	USD	Point-in-time
Total assets	`Assets`	$362.19M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$23.23M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$29.34M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$6.85M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$15.97M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$6.42M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$6.91M	USD	Point-in-time
Current portion long-term debt	`OtherLongTermDebtCurrent`	$19.63M	USD	Point-in-time
Current portion long-term debt	`OtherLongTermDebtCurrent`	$18.34M	USD	Point-in-time
Capital Lease Obligations, Current	`CapitalLeaseObligationsCurrent`	$1.73M	USD	Point-in-time
Capital Lease Obligations, Current	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$12.62M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$12.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$75.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$77.88M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$117.69M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$107.64M	USD	Point-in-time
Capital Lease Obligations, Noncurrent	`CapitalLeaseObligationsNoncurrent`	$25.92M	USD	Point-in-time
Capital Lease Obligations, Noncurrent	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 41,197,404 shares issued and outstanding at June 30, 2017; 36,590,417 shares issued and outstanding at December 31, 2016	`CommonStockValue`	$4.12K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 41,197,404 shares issued and outstanding at June 30, 2017; 36,590,417 shares issued and outstanding at December 31, 2016	`CommonStockValue`	$3.66K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$148.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$133.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.80M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$128.09M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$116.27M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$61.83M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$60.41M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$176.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$189.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$409.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$362.19M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Voyage revenue	`VoyageRevenue`	$157.92M	USD	2 Qtrs
Voyage revenue	`VoyageRevenue`	$95.52M	USD	2 Qtrs
Voyage revenue	`VoyageRevenue`	$53.55M	USD	1 Quarter
Voyage revenue	`VoyageRevenue`	$80.23M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$11.19M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$5.38M	USD	2 Qtrs
Charter revenue	`CharterRevenue`	$3.41M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$17.96M	USD	2 Qtrs
Revenues	`Revenues`	$100.90M	USD	2 Qtrs
Revenues	`Revenues`	$175.88M	USD	2 Qtrs
Revenues	`Revenues`	$56.96M	USD	1 Quarter
Revenues	`Revenues`	$91.42M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$45.27M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$79.87M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$26.77M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$38.60M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$15.04M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$56.38M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$33.17M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$23.54M	USD	2 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$7.90M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$17.67M	USD	2 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$14.79M	USD	2 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$9.07M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.14M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.94M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.66M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.97M	USD	2 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$3.53M	USD	1 Quarter
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$7.65M	USD	2 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$7.04M	USD	2 Qtrs
Depreciation and amortization	`CostOfServicesDepreciationAndAmortization`	$3.71M	USD	1 Quarter
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	-	USD	2 Qtrs
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	$-9.21M	USD	2 Qtrs
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	$-4.92M	USD	1 Quarter
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Total expenses	`OperatingExpenses`	$177.42M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$92.61M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$96.62M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$56.18M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$784.38K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$4.28M	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$-1.19M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-1.55M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$1.53M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.24M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$3.88M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$2.90M	USD	2 Qtrs
Interest expense on related party debt	`InterestExpenseRelatedParty`	$75.01K	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$78.85K	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$156.82K	USD	2 Qtrs
Interest expense on related party debt	`InterestExpenseRelatedParty`	$155.50K	USD	2 Qtrs
Unrealized (loss) gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-1.48M	USD	1 Quarter
Unrealized (loss) gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$1.39M	USD	1 Quarter
Unrealized (loss) gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$490.01K	USD	2 Qtrs
Unrealized (loss) gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$1.05M	USD	2 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$67.66K	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	$-34.66K	USD	2 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$908.01K	USD	2 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$813.36K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-2.99M	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-2.63M	USD	2 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-150.38K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-2.04M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$634.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$2.24M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-4.18M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-4.18M	USD	1 Quarter
Income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-789.15K	USD	2 Qtrs
Income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$504.36K	USD	1 Quarter
Income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$561.38K	USD	1 Quarter
Income (loss) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$911.43K	USD	2 Qtrs
Net (loss) income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$1.33M	USD	2 Qtrs
Net (loss) income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$-3.39M	USD	2 Qtrs
Net (loss) income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$-4.74M	USD	1 Quarter
Net (loss) income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$129.63K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	2 Qtrs
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`	$-0.13	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	2 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.14M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.41M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.54M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.15M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.34M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.41M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.54M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.27M	shares	2 Qtrs

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$634.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$2.24M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-4.18M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-4.18M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$7.04M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$7.65M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$368.39K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$354.43K	USD	2 Qtrs
Amortization of prepaid rent	`Amortizationofprepaidrent`	$-60.97K	USD	2 Qtrs
Amortization of prepaid rent	`Amortizationofprepaidrent`	-	USD	1 Quarter
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$490.01K	USD	2 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$1.05M	USD	2 Qtrs
(Gain) loss from equity method investee	`IncomeLossFromEquityMethodInvestments`	$194.61K	USD	2 Qtrs
(Gain) loss from equity method investee	`IncomeLossFromEquityMethodInvestments`	$-30.38K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-10.36K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$931.96K	USD	2 Qtrs
Loss on sale and leaseback of vessel	`GainLossOnSaleOfOtherAssets`	$-9.13M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$176.07K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$677.94K	USD	2 Qtrs
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-500.00K	USD	2 Qtrs
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.17M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.21M	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$900.31K	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$1.74M	USD	2 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.34M	USD	2 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.08M	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$42.48K	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$754.12K	USD	2 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$6.85M	USD	2 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-2.32M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$482.49K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-99.24K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$8.35M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$9.99M	USD	2 Qtrs
Purchase of vessels	`PaymentForPurchaseOfVessels`	$402.43K	USD	2 Qtrs
Purchase of vessels	`PaymentForPurchaseOfVessels`	$46.85M	USD	2 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$16.77K	USD	2 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$30.00K	USD	2 Qtrs
Purchase of non-controlling interest in consolidated subsidiary	`Purchasefromnoncontrollinginterest`	-	USD	2 Qtrs
Purchase of non-controlling interest in consolidated subsidiary	`Purchasefromnoncontrollinginterest`	$832.57K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-432.43K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-47.70M	USD	2 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	$2.50M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$25.00M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.10M	USD	2 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$34.42K	USD	2 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$876.54K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$13.11M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$15.72M	USD	2 Qtrs
Sale Leaseback Transaction, Net Proceeds, Financing Activities	`SaleLeasebackTransactionNetProceedsFinancingActivities`	-	USD	2 Qtrs
Sale Leaseback Transaction, Net Proceeds, Financing Activities	`SaleLeasebackTransactionNetProceedsFinancingActivities`	$28.00M	USD	2 Qtrs
Repayments of Long-term Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$344.73K	USD	2 Qtrs
Repayments of Long-term Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	2 Qtrs
Proceeds from (Repayments of) Restricted Cash, Financing Activities	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$2.10M	USD	2 Qtrs
Proceeds from (Repayments of) Restricted Cash, Financing Activities	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	-	USD	2 Qtrs
Decrease in restricted cash	`PaymentsOfDividendsCommonStock`	-	USD	2 Qtrs
Decrease in restricted cash	`PaymentsOfDividendsCommonStock`	$100.00K	USD	2 Qtrs
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$8.30M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$46.46M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-14.65M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.10M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.11M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.42M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.44M	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`	$22.32M	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`	$29.44M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.52M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$3.02M	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$2.38M	USD	2 Qtrs
Extinguishment of Related Party Debt	`ExtinguishmentofRelatedPartyDebt`	-	USD	1 Quarter
Extinguishment of Related Party Debt	`ExtinguishmentofRelatedPartyDebt`	$9.28M	USD	2 Qtrs

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