10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001606909-18-000072`
Period End Date	20180930
Filing Date	20181108
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	panl-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 92 Cash Flow Statement 79

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`	$1.97M	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	`CashCashEquivalentsAndShortTermInvestments`	$34.53M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsAndShortTermInvestments`	$50.77M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable (net of allowance of $1,974,989 at September 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
Accounts receivable (net of allowance of $1,974,989 at September 30, 2018 and $2,135,877 December 31, 2017)	`AccountsReceivableNetCurrent`	$26.83M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Bunker inventory	`InventoryNet`	$20.86M	USD	Point-in-time
Bunker inventory	`InventoryNet`	$15.36M	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`	$12.03M	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`	$14.10M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$112.56M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.05M	shares	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsNoncurrent`	$4.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsNoncurrent`	$2.50M	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`	44.05M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$306.29M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$282.64M	USD	Point-in-time
Vessels under capital lease	`Capitalleaseassetnet`	$29.99M	USD	Point-in-time
Vessels under capital lease	`Capitalleaseassetnet`	$56.15M	USD	Point-in-time
Total assets	`Assets`	$423.30M	USD	Point-in-time
Total assets	`Assets`	$453.85M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$30.06M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$29.18M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$3.70M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$7.01M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.82M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$11.01M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$18.98M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$17.79M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$5.34M	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$1.79M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$7.24M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$5.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$70.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$73.09M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$117.62M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$101.77M	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsNoncurrent`	$25.02M	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsNoncurrent`	$47.04M	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; 44,048,541 shares issued and outstanding at September 30, 2018; 43,794,526 shares issued and outstanding at December 31, 2017	`CommonStockValue`	$4.38K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 44,048,541 shares issued and outstanding at September 30, 2018; 43,794,526 shares issued and outstanding at December 31, 2017	`CommonStockValue`	$4.41K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$155.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$154.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$6.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.60M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$162.22M	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`	$69.73M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$231.95M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$453.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$423.30M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Voyage revenue	`VoyageRevenue`	$81.81M	USD	1 Quarter
Voyage revenue	`VoyageRevenue`	$93.69M	USD	1 Quarter
Voyage revenue	`VoyageRevenue`	$233.98M	USD	3 Qtrs
Voyage revenue	`VoyageRevenue`	$251.61M	USD	3 Qtrs
Charter revenue	`CharterRevenue`	$31.29M	USD	3 Qtrs
Charter revenue	`CharterRevenue`	$37.16M	USD	3 Qtrs
Charter revenue	`CharterRevenue`	$13.33M	USD	1 Quarter
Charter revenue	`CharterRevenue`	$13.53M	USD	1 Quarter
Revenues	`Revenues`	$95.34M	USD	1 Quarter
Revenues	`Revenues`	$107.02M	USD	1 Quarter
Revenues	`Revenues`	$282.90M	USD	3 Qtrs
Revenues	`Revenues`	$271.14M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$124.17M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$44.31M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$36.68M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$104.88M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$34.76M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$28.53M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$91.14M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$81.91M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$9.86M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$26.81M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$29.76M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$9.14M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.42M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$12.21M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.76M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.70M	USD	1 Quarter
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$4.41M	USD	1 Quarter
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$11.60M	USD	3 Qtrs
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$13.14M	USD	3 Qtrs
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$3.95M	USD	1 Quarter
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	$-9.28M	USD	3 Qtrs
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	$-860.43K	USD	3 Qtrs
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	$-70.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$274.42M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$242.76M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$97.00M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$83.20M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$8.48M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.15M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$10.02M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$28.38M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$2.23M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$5.98M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$6.38M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$2.11M	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$236.54K	USD	3 Qtrs
Interest expense on related party debt	`InterestExpenseRelatedParty`	$79.71K	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$161.33K	USD	3 Qtrs
Interest expense on related party debt	`InterestExpenseRelatedParty`	$43.96K	USD	1 Quarter
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$430.87K	USD	3 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-59.14K	USD	1 Quarter
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$477.51K	USD	3 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$486.41K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$38.48K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$977.79K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$1.89M	USD	3 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$496.81K	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$-1.27M	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$-3.90M	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$-1.75M	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$-5.57M	USD	3 Qtrs
Net income	`ProfitLoss`	$4.58M	USD	3 Qtrs
Net income	`ProfitLoss`	$10.40M	USD	1 Quarter
Net income	`ProfitLoss`	$8.76M	USD	1 Quarter
Net income	`ProfitLoss`	$22.81M	USD	3 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.12M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$787.06K	USD	3 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.58M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.43M	USD	3 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$3.79M	USD	3 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$18.37M	USD	3 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$8.28M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$7.18M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.44	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.43	USD	3 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.21M	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.35M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.23M	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.80M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.07M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.73M	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.88M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.65M	shares	3 Qtrs

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.34M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.42M	USD	Point-in-time
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`	$53.27M	USD	Point-in-time
Employee Service Share-based Compensation, Cash Flow Effect, Cash Used to Settle Awards	`EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards`	-	USD	3 Qtrs
Employee Service Share-based Compensation, Cash Flow Effect, Cash Used to Settle Awards	`EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards`	$-101.08K	USD	3 Qtrs
Debt Conversion, Converted Instrument, Amount	`DebtConversionConvertedInstrumentAmount1`	$9.28M	USD	3 Qtrs
Restricted Cash and Investments, Noncurrent	`RestrictedCashAndInvestmentsNoncurrent`	$4.00M	USD	Point-in-time
Restricted Cash and Investments, Noncurrent	`RestrictedCashAndInvestmentsNoncurrent`	$2.50M	USD	Point-in-time
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$-50.81K	USD	3 Qtrs
Proceeds from Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$9.63M	USD	3 Qtrs
Payments of Ordinary Dividends, Common Stock	`PaymentsOfDividendsCommonStock`	$1.00M	USD	3 Qtrs
Payments of Ordinary Dividends, Common Stock	`PaymentsOfDividendsCommonStock`	$1.14M	USD	3 Qtrs
Net income	`ProfitLoss`	$4.58M	USD	3 Qtrs
Net income	`ProfitLoss`	$10.40M	USD	1 Quarter
Net income	`ProfitLoss`	$8.76M	USD	1 Quarter
Net income	`ProfitLoss`	$22.81M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$11.60M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$13.14M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$527.35K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredFinancingCostsAndBankFees`	$517.09K	USD	3 Qtrs
Amortization of prepaid rent	`Amortizationofprepaidrent`	$-91.45K	USD	3 Qtrs
Amortization of prepaid rent	`Amortizationofprepaidrent`	$-91.45K	USD	3 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$430.87K	USD	3 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnCashFlowHedgingInstruments`	$477.51K	USD	3 Qtrs
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$282.36K	USD	3 Qtrs
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$90.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-104.29K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-10.36K	USD	3 Qtrs
Loss on sale and leaseback of vessel	`GainLossOnSaleOfOtherAssets`	$-860.43K	USD	3 Qtrs
Loss on sale and leaseback of vessel	`GainLossOnSaleOfOtherAssets`	$-9.13M	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$1.04M	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$1.50M	USD	3 Qtrs
Recognized cost for restricted stock issued as compensation	`ShareBasedCompensation`	$878.76K	USD	3 Qtrs
Recognized cost for restricted stock issued as compensation	`ShareBasedCompensation`	$1.06M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.63M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.43M	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$5.51M	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$3.27M	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-713.65K	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.12M	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$8.02M	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$873.34K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.49M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$468.33K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$27.22M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.75M	USD	3 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$14.70M	USD	3 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$47.33M	USD	3 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$341.44K	USD	3 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	3 Qtrs
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$31.59K	USD	3 Qtrs
Purchase of non-controlling interest in consolidated subsidiary	`Purchasefromnoncontrollinginterest`	$832.57K	USD	3 Qtrs
Purchase of non-controlling interest in consolidated subsidiary	`Purchasefromnoncontrollinginterest`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-48.16M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.01M	USD	3 Qtrs
Proceeds from long-term debt	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from long-term debt	`RepaymentsOfRelatedPartyDebt`	$3.31M	USD	3 Qtrs
Payments of related party debt	`ProceedsFromIssuanceOfLongTermDebt`	$25.00M	USD	3 Qtrs
Payments of related party debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	3 Qtrs
Payments of financing fees and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$702.67K	USD	3 Qtrs
Payments of financing fees and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$896.17K	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$20.64M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$16.86M	USD	3 Qtrs
Sale Leaseback Transaction, Net Proceeds, Financing Activities	`SaleLeasebackTransactionNetProceedsFinancingActivities`	$28.00M	USD	3 Qtrs
Sale Leaseback Transaction, Net Proceeds, Financing Activities	`SaleLeasebackTransactionNetProceedsFinancingActivities`	$27.75M	USD	3 Qtrs
Repayments of Long-term Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$768.60K	USD	3 Qtrs
Repayments of Long-term Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$2.18M	USD	3 Qtrs
Payments of Ordinary Dividends, Noncontrolling Interest	`PaymentsOfDividendsMinorityInterest`	$904.80K	USD	3 Qtrs
Payments of Ordinary Dividends, Noncontrolling Interest	`PaymentsOfDividendsMinorityInterest`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.51M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$39.33M	USD	3 Qtrs
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$14.73M	USD	3 Qtrs
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.91M	USD	3 Qtrs
Cash, cash equivalents and restricted cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.34M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$5.96M	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$5.05M	USD	3 Qtrs
Stock issued during period, value, issurance of common stock as settlement of accrued dividends	`Stockissuedduringperiodvalueissuranceofcommonstockassettlementofaccrueddividends`	$4.38M	USD	3 Qtrs

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