10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001606909-19-000029`
Period End Date	20190630
Filing Date	20190812
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	panl-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 86 Cash Flow Statement 88 Stockholders Equity 28

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$2.36M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$2.18M	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`	$53.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.16M	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 $2,183,096 at June 30, 2019 and $2,357,130 December 31, 2018)	`AccountsReceivableNetCurrent`	$28.48M	USD	Point-in-time
Accounts receivable (net of allowance of $2,183,096 at June 30, 2019 and $2,357,130 December 31, 2018)	`AccountsReceivableNetCurrent`	$16.00M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Bunker inventory	`InventoryNet`	$19.22M	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`	$17.45M	USD	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.50M	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
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.19M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$113.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$93.10M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.45M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.00M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$2.50M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$3.50M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.50M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	44.00M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$301.10M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	44.45M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$281.36M	USD	Point-in-time
Investment in newbuildings in-process	`ConstructionInProgressGross`	$7.66M	USD	Point-in-time
Investment in newbuildings in-process	`ConstructionInProgressGross`	-	USD	Point-in-time
Finance lease right of use assets, net	`FinanceLeaseRightOfUseAsset`	$56.11M	USD	Point-in-time
Finance lease right of use assets, net	`FinanceLeaseRightOfUseAsset`	$54.86M	USD	Point-in-time
Total assets	`Assets`	$453.47M	USD	Point-in-time
Total assets	`Assets`	$459.22M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$31.90M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$31.17M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$2.88M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$1.19M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$14.72M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$8.81M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$14.95M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$20.13M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$6.63M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$5.36M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$4.06M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$1.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$79.05M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$95.37M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$102.39M	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$45.68M	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$54.51M	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; 44,451,940 shares issued and outstanding at June 30, 2019; 43,998,560 shares issued and outstanding at December 31, 2018	`CommonStockValue`	$4.40K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 44,451,940 shares issued and outstanding at June 30, 2019; 43,998,560 shares issued and outstanding at December 31, 2018	`CommonStockValue`	$4.45K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$155.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$156.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.92M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$168.78M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$161.69M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$68.92M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$71.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$214.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$238.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$221.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$459.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$453.47M	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$175.80M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$162.83M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$96.82M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$83.29M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$69.40M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$37.22M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$68.20M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$38.03M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$18.32M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$53.38M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$43.26M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$30.68M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$19.90M	USD	2 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$10.05M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$20.83M	USD	2 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$11.07M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.39M	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`	$5.36M	USD	1 Quarter
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$8.87M	USD	2 Qtrs
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$4.39M	USD	1 Quarter
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$4.49M	USD	1 Quarter
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$8.73M	USD	2 Qtrs
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	$-860.43K	USD	1 Quarter
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	$-860.43K	USD	2 Qtrs
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	-	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$76.47M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$159.57M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$88.39M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$151.75M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$6.82M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$8.43M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.08M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$16.23M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$4.31M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$2.10M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$4.15M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$2.09M	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$11.14K	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
Interest expense on related party debt	`InterestExpenseRelatedParty`	$38.04K	USD	2 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$553.70K	USD	1 Quarter
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-8.90K	USD	2 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$215.17K	USD	1 Quarter
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$2.50M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$232.09K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$399.91K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$458.33K	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-1.44M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-1.56M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-3.82M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-1.66M	USD	1 Quarter
Net income	`ProfitLoss`	$6.87M	USD	1 Quarter
Net income	`ProfitLoss`	$12.41M	USD	2 Qtrs
Net income	`ProfitLoss`	$4.48M	USD	1 Quarter
Net income	`ProfitLoss`	$5.16M	USD	1 Quarter
Net income	`ProfitLoss`	$9.64M	USD	2 Qtrs
Net income	`ProfitLoss`	$5.54M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.31M	USD	2 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.13M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.10M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.91M	USD	2 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$4.03M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$5.77M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$7.74M	USD	2 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$10.10M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	2 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.77M	shares	1 Quarter
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.26M	shares	2 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.68M	shares	2 Qtrs
Basic (in dollars per share)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.25M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.76M	shares	1 Quarter
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.20M	shares	2 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.63M	shares	2 Qtrs
Diluted (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.29M	shares	1 Quarter

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$6.87M	USD	1 Quarter
Net income	`ProfitLoss`	$12.41M	USD	2 Qtrs
Net income	`ProfitLoss`	$4.48M	USD	1 Quarter
Net income	`ProfitLoss`	$5.16M	USD	1 Quarter
Net income	`ProfitLoss`	$9.64M	USD	2 Qtrs
Net income	`ProfitLoss`	$5.54M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$8.87M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$8.73M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$365.56K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$331.06K	USD	2 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$59.30K	USD	2 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$60.97K	USD	2 Qtrs
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$553.70K	USD	1 Quarter
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-8.90K	USD	2 Qtrs
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$215.17K	USD	1 Quarter
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$2.50M	USD	2 Qtrs
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$90.00K	USD	2 Qtrs
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$247.31K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$320.49K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-148.46K	USD	2 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	$-860.43K	USD	2 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	-	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$1.55M	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$1.50M	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`	$1.05M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.86M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.17M	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$2.03M	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-1.78M	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`	$6.00M	USD	2 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$1.55M	USD	2 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$844.34K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.52M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-5.90M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.58M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.81M	USD	2 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$2.52M	USD	2 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$25.56M	USD	2 Qtrs
Investment in newbuildings in-process	`PaymentsforInvestmentInNewbuildingsInProcess`	$7.66M	USD	2 Qtrs
Investment in newbuildings in-process	`PaymentsforInvestmentInNewbuildingsInProcess`	-	USD	2 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$360.29K	USD	2 Qtrs
Purchase of building and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$281.01K	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$31.59K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.85M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.50M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$14.00M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Proceeds from long-term debt	`RepaymentsOfRelatedPartyDebt`	$1.69M	USD	2 Qtrs
Proceeds from long-term debt	`RepaymentsOfRelatedPartyDebt`	$2.49M	USD	2 Qtrs
Payments of financing fees and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$277.58K	USD	2 Qtrs
Payments of financing fees and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$367.05K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$12.15M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$12.24M	USD	2 Qtrs
Proceeds from finance leases	`SaleLeasebackTransactionNetProceedsFinancingActivities`	$13.00M	USD	2 Qtrs
Proceeds from finance leases	`SaleLeasebackTransactionNetProceedsFinancingActivities`	$13.00M	USD	2 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$904.80K	USD	2 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$4.67M	USD	2 Qtrs
Payments of finance lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.01M	USD	2 Qtrs
Payments of finance lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$2.91M	USD	2 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	-	USD	2 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$3.75M	USD	2 Qtrs
Cash paid for incentive compensation shares relinquished	`EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards`	-	USD	2 Qtrs
Cash paid for incentive compensation shares relinquished	`EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards`	$-101.08K	USD	2 Qtrs
Proceeds from private placement of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$-50.81K	USD	2 Qtrs
Proceeds from private placement of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.46M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.07M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$13.89M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.45M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$38.53M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.11M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.66M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$52.42M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$38.53M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.11M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.66M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$52.42M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$3.81M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$4.41M	USD	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.92M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.50M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$3.50M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.50M	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.37M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$214.38M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.66M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$238.52M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$221.33M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.69M	USD	Point-in-time
Recognized cost for restricted stock issued as compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$612.66K	USD	1 Quarter
Recognized cost for restricted stock issued as compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$226.73K	USD	1 Quarter
Recognized cost for restricted stock issued as compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$674.60K	USD	1 Quarter
Recognized cost for restricted stock issued as compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$370.91K	USD	1 Quarter
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-101.08K	USD	1 Quarter
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-136.15K	USD	1 Quarter
Change in accounting pronouncement	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-2.42M	USD	Point-in-time
Fees incurred for issuance of common shares	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$50.81K	USD	1 Quarter
Distribution to Non-Controlling Interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.67M	USD	1 Quarter
Common Stock Dividend	`DividendsCommonStock`	$1.56M	USD	1 Quarter
Net income	`ProfitLoss`	$6.87M	USD	1 Quarter
Net income	`ProfitLoss`	$12.41M	USD	2 Qtrs
Net income	`ProfitLoss`	$4.48M	USD	1 Quarter
Net income	`ProfitLoss`	$5.16M	USD	1 Quarter
Net income	`ProfitLoss`	$9.64M	USD	2 Qtrs
Net income	`ProfitLoss`	$5.54M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.37M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$214.38M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.66M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$238.52M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$221.33M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.69M	USD	Point-in-time

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