10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001606909-18-000062`
Period End Date	20180630
Filing Date	20180807
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	panl-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 92 Cash Flow Statement 75

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$2.14M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$1.71M	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.92M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable (net of allowance of $1,705,439 at June 30, 2018 and $2,135,877 December 31, 2017)	`AccountsReceivableNetCurrent`	$18.38M	USD	Point-in-time
Accounts receivable (net of allowance of $1,705,439 at June 30, 2018 and $2,135,877 December 31, 2017)	`AccountsReceivableNetCurrent`	$21.09M	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
Bunker inventory	`InventoryNet`	$15.36M	USD	Point-in-time
Bunker inventory	`InventoryNet`	$17.39M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.16M	USD	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.03M	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
Total current assets	`AssetsCurrent`	$83.01M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$99.86M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.06M	shares	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsNoncurrent`	$4.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsNoncurrent`	$3.50M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	43.79M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	43.79M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	44.06M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$306.29M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$288.65M	USD	Point-in-time
Vessels under capital lease	`Capitalleaseassetnet`	$42.38M	USD	Point-in-time
Vessels under capital lease	`Capitalleaseassetnet`	$29.99M	USD	Point-in-time
Total assets	`Assets`	$423.30M	USD	Point-in-time
Total assets	`Assets`	$434.38M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$29.18M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$29.97M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$4.52M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$7.01M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$9.03M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.82M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$17.32M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$18.98M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$3.46M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$1.79M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$6.33M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$7.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$70.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$70.64M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$117.62M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$107.09M	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsNoncurrent`	$25.02M	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsNoncurrent`	$35.32M	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; 44,063,986 shares issued and outstanding at June 30, 2018; 43,794,526 shares issued and outstanding at December 31, 2017	`CommonStockValue`	$4.41K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 44,063,986 shares issued and outstanding at June 30, 2018; 43,794,526 shares issued and outstanding at December 31, 2017	`CommonStockValue`	$4.38K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$154.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$155.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.60M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$153.71M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$145.35M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$65.30M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$67.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$221.33M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$423.30M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$434.38M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Voyage revenue	`VoyageRevenue`	$80.23M	USD	1 Quarter
Voyage revenue	`VoyageRevenue`	$81.85M	USD	1 Quarter
Voyage revenue	`VoyageRevenue`	$152.17M	USD	2 Qtrs
Voyage revenue	`VoyageRevenue`	$157.92M	USD	2 Qtrs
Charter revenue	`CharterRevenue`	$17.96M	USD	2 Qtrs
Charter revenue	`CharterRevenue`	$11.19M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$14.98M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$23.63M	USD	2 Qtrs
Revenues	`Revenues`	$96.82M	USD	1 Quarter
Revenues	`Revenues`	$91.42M	USD	1 Quarter
Revenues	`Revenues`	$175.80M	USD	2 Qtrs
Revenues	`Revenues`	$175.88M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$79.87M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$68.20M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$38.60M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$38.03M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$33.17M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$56.38M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$30.68M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$53.38M	USD	2 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$9.07M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$10.05M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$19.90M	USD	2 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$17.67M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.51M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.38M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.66M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.14M	USD	1 Quarter
Cost, Depreciation, Amortization and Depletion	`CostDepreciationAmortizationAndDepletion`	$4.39M	USD	1 Quarter
Cost, Depreciation, Amortization and Depletion	`CostDepreciationAmortizationAndDepletion`	$3.71M	USD	1 Quarter
Cost, Depreciation, Amortization and Depletion	`CostDepreciationAmortizationAndDepletion`	$7.65M	USD	2 Qtrs
Cost, Depreciation, Amortization and Depletion	`CostDepreciationAmortizationAndDepletion`	$8.73M	USD	2 Qtrs
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	$-4.92M	USD	1 Quarter
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	$-860.43K	USD	2 Qtrs
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	$-9.21M	USD	2 Qtrs
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	$-860.43K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$92.61M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$159.57M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$88.39M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$177.42M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$16.23M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-1.55M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-1.19M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$8.43M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$4.15M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$3.88M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$2.24M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.09M	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$156.82K	USD	2 Qtrs
Interest expense on related party debt	`InterestExpenseRelatedParty`	$78.85K	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$53.91K	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$117.37K	USD	2 Qtrs
Unrealized (loss) gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-1.48M	USD	1 Quarter
Unrealized (loss) gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$490.01K	USD	2 Qtrs
Unrealized (loss) gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$553.70K	USD	1 Quarter
Unrealized (loss) gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-8.90K	USD	2 Qtrs
Total other (expense) income, net	`OtherNonoperatingIncomeExpense`	$813.36K	USD	1 Quarter
Total other (expense) income, net	`OtherNonoperatingIncomeExpense`	$908.01K	USD	2 Qtrs
Total other (expense) income, net	`OtherNonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Total other (expense) income, net	`OtherNonoperatingIncomeExpense`	$458.33K	USD	2 Qtrs
Other income	`NonoperatingIncomeExpense`	$-3.82M	USD	2 Qtrs
Other income	`NonoperatingIncomeExpense`	$-2.63M	USD	2 Qtrs
Other income	`NonoperatingIncomeExpense`	$-2.99M	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$-1.56M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$6.87M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$12.41M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-4.18M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-4.18M	USD	1 Quarter
(Income) loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.10M	USD	1 Quarter
(Income) loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.31M	USD	2 Qtrs
(Income) loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-789.15K	USD	2 Qtrs
(Income) loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$561.38K	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$10.10M	USD	2 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$-3.39M	USD	2 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$-4.74M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$5.77M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.41M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.25M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	35.54M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.26M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.76M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.41M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.63M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.54M	shares	1 Quarter

Cash Flow Statement 75 line items

Line Item	Tag	Value	Unit	Period
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$38.53M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.44M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$52.42M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.42M	USD	Point-in-time
Employee Service Share-based Compensation, Cash Flow Effect, Cash Used to Settle Awards	`EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards`	$-101.08K	USD	2 Qtrs
Employee Service Share-based Compensation, Cash Flow Effect, Cash Used to Settle Awards	`EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards`	-	USD	2 Qtrs
Debt Conversion, Converted Instrument, Amount	`DebtConversionConvertedInstrumentAmount1`	$9.28M	USD	2 Qtrs
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$-50.81K	USD	2 Qtrs
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$8.30M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$6.87M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$12.41M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-4.18M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-4.18M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$7.65M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$8.73M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$368.39K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$331.06K	USD	2 Qtrs
Amortization of prepaid rent	`Amortizationofprepaidrent`	$-60.97K	USD	2 Qtrs
Amortization of prepaid rent	`Amortizationofprepaidrent`	$-60.97K	USD	2 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$-8.90K	USD	2 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$490.01K	USD	2 Qtrs
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$90.00K	USD	2 Qtrs
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$194.61K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-10.36K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-148.46K	USD	2 Qtrs
Loss on sale and leaseback of vessel	`GainLossOnSaleOfOtherAssets`	$-860.43K	USD	2 Qtrs
Loss on sale and leaseback of vessel	`GainLossOnSaleOfOtherAssets`	$-9.13M	USD	2 Qtrs
Recognized cost for restricted stock issued as compensation	`ShareBasedCompensation`	$839.40K	USD	2 Qtrs
Recognized cost for restricted stock issued as compensation	`ShareBasedCompensation`	$677.94K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.86M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.17M	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$1.74M	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$2.03M	USD	2 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$844.65K	USD	2 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.34M	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$1.50M	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$754.12K	USD	2 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$844.34K	USD	2 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$6.85M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.52M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$482.49K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$20.81M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$8.35M	USD	2 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$2.52M	USD	2 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$46.85M	USD	2 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$360.29K	USD	2 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$16.77K	USD	2 Qtrs
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$31.59K	USD	2 Qtrs
Purchase of non-controlling interest in consolidated subsidiary	`Purchasefromnoncontrollinginterest`	$832.57K	USD	2 Qtrs
Purchase of non-controlling interest in consolidated subsidiary	`Purchasefromnoncontrollinginterest`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.85M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-47.70M	USD	2 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	$2.49M	USD	2 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$25.00M	USD	2 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$367.05K	USD	2 Qtrs
Payments of financing and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$876.54K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$12.15M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$15.72M	USD	2 Qtrs
Sale Leaseback Transaction, Net Proceeds, Financing Activities	`SaleLeasebackTransactionNetProceedsFinancingActivities`	$28.00M	USD	2 Qtrs
Sale Leaseback Transaction, Net Proceeds, Financing Activities	`SaleLeasebackTransactionNetProceedsFinancingActivities`	$13.00M	USD	2 Qtrs
Repayments of Long-term Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.01M	USD	2 Qtrs
Repayments of Long-term Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$344.73K	USD	2 Qtrs
Payments of Ordinary Dividends, Noncontrolling Interest	`PaymentsOfDividendsMinorityInterest`	$904.80K	USD	2 Qtrs
Payments of Ordinary Dividends, Noncontrolling Interest	`PaymentsOfDividendsMinorityInterest`	-	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.07M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$44.36M	USD	2 Qtrs
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$13.89M	USD	2 Qtrs
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.01M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.53M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$48.92M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$3.81M	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$3.02M	USD	2 Qtrs

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