10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001606909-19-000059`
Period End Date	20190930
Filing Date	20191107
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	panl-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 84 Cash Flow Statement 88 Stockholders Equity 27

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$1.82M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$2.36M	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`	$50.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.17M	USD	Point-in-time
Accounts receivable (net of allowance of $1,823,293 at September 30, 2019 and $2,357,130 at December 31, 2018)	`AccountsReceivableNetCurrent`	$29.22M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable (net of allowance of $1,823,293 at September 30, 2019 and $2,357,130 at December 31, 2018)	`AccountsReceivableNetCurrent`	$28.48M	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`	$17.00M	USD	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.00M	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
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`	$108.39M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.50M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.45M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$2.50M	USD	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
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	44.00M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$281.36M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	44.45M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$311.73M	USD	Point-in-time
Investment in newbuildings in-process	`ConstructionInProgressGross`	$7.69M	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`	$54.24M	USD	Point-in-time
Total assets	`Assets`	$484.55M	USD	Point-in-time
Total assets	`Assets`	$453.47M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$35.98M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$31.90M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$2.88M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$1.20M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$14.30M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$14.72M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$23.74M	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`	$5.36M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$7.57M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$4.06M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$1.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$84.70M	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`	$88.56M	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$64.40M	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$45.68M	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 September 30, 2019; 43,998,560 shares issued and outstanding at December 31, 2018	`CommonStockValue`	$4.45K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 44,451,940 shares issued and outstanding at September 30, 2019; 43,998,560 shares issued and outstanding at December 31, 2018	`CommonStockValue`	$4.40K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$157.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$155.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.74M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$161.69M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$175.87M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$71.68M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$71.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$221.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$246.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$231.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$484.55M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$453.47M	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$118.89M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$281.72M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$95.34M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$271.14M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$45.10M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$104.88M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$114.50M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$36.68M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$85.24M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$81.91M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$41.98M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$28.53M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$11.33M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$9.86M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$29.76M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$32.16M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$12.21M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.77M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.16M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.70M	USD	1 Quarter
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$4.65M	USD	1 Quarter
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$4.41M	USD	1 Quarter
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$13.52M	USD	3 Qtrs
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$13.14M	USD	3 Qtrs
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	$-860.43K	USD	3 Qtrs
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	-	USD	3 Qtrs
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Loss on sale and leaseback of vessels	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Total expenses	`OperatingExpenses`	$105.84M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$242.76M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$83.20M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$257.59M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$24.13M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.15M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$13.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$28.38M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$2.50M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$6.38M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$2.23M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$6.81M	USD	3 Qtrs
Interest expense on related party debt	`InterestExpenseRelatedParty`	$161.33K	USD	3 Qtrs
Interest expense on related party debt	`InterestExpenseRelatedParty`	$48.94K	USD	3 Qtrs
Interest expense on related party debt	`InterestExpenseRelatedParty`	$10.90K	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$43.96K	USD	1 Quarter
Unrealized (loss)/gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$486.41K	USD	1 Quarter
Unrealized (loss)/gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$2.20M	USD	3 Qtrs
Unrealized (loss)/gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-301.06K	USD	1 Quarter
Unrealized (loss)/gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$477.51K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$38.48K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$180.19K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$496.81K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$580.11K	USD	3 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-1.75M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-5.57M	USD	3 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-2.63M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-4.07M	USD	3 Qtrs
Net income	`ProfitLoss`	$22.81M	USD	3 Qtrs
Net income	`ProfitLoss`	$20.06M	USD	3 Qtrs
Net income	`ProfitLoss`	$10.40M	USD	1 Quarter
Net income	`ProfitLoss`	$10.42M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.00M	USD	3 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.12M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.10M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.43M	USD	3 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$16.06M	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`	$18.37M	USD	3 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$8.32M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.38	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.44	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.43	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.37	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.73M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.35M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.82M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.21M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.88M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.35M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.73M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.25M	shares	3 Qtrs

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$22.81M	USD	3 Qtrs
Net income	`ProfitLoss`	$20.06M	USD	3 Qtrs
Net income	`ProfitLoss`	$10.40M	USD	1 Quarter
Net income	`ProfitLoss`	$10.42M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$13.52M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$13.14M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$517.09K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$538.43K	USD	3 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$88.95K	USD	3 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$91.45K	USD	3 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$486.41K	USD	1 Quarter
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$2.20M	USD	3 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-301.06K	USD	1 Quarter
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$477.51K	USD	3 Qtrs
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$90.00K	USD	3 Qtrs
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$416.44K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-47.35K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-104.29K	USD	3 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	-	USD	3 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	$-860.43K	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$1.56M	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$1.50M	USD	3 Qtrs
Recognized cost for restricted stock issued as compensation	`ShareBasedCompensation`	$1.37M	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`	$692.31K	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$5.51M	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-2.22M	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`	$15.22M	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$873.34K	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$6.17M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-419.83K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$468.33K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.22M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.40M	USD	3 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$14.70M	USD	3 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$40.20M	USD	3 Qtrs
Investment in newbuildings in-process	`PaymentsforInvestmentInNewbuildingsInProcess`	$7.69M	USD	3 Qtrs
Investment in newbuildings in-process	`PaymentsforInvestmentInNewbuildingsInProcess`	-	USD	3 Qtrs
Purchase of fixed assets and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$293.38K	USD	3 Qtrs
Purchase of fixed assets and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$341.44K	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$31.59K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-48.19M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.01M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$14.00M	USD	3 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	$1.68M	USD	3 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	$3.31M	USD	3 Qtrs
Payments of financing fees and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$702.67K	USD	3 Qtrs
Payments of financing fees and issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$646.54K	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$17.34M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$16.86M	USD	3 Qtrs
Proceeds from finance leases	`SaleLeasebackTransactionNetProceedsFinancingActivities`	$27.75M	USD	3 Qtrs
Proceeds from finance leases	`SaleLeasebackTransactionNetProceedsFinancingActivities`	$25.60M	USD	3 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$4.67M	USD	3 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$904.80K	USD	3 Qtrs
Payments of finance lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$4.68M	USD	3 Qtrs
Payments of finance lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$2.18M	USD	3 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$1.14M	USD	3 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$5.24M	USD	3 Qtrs
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$101.08K	USD	3 Qtrs
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Proceeds from private placement of common stock, net of issuance costs	`PaymentsForRepurchaseOfPrivatePlacement`	$50.81K	USD	3 Qtrs
Proceeds from private placement of common stock, net of issuance costs	`PaymentsForRepurchaseOfPrivatePlacement`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.34M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.51M	USD	3 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.44M	USD	3 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$14.73M	USD	3 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`	$53.27M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.67M	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 end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$38.53M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.27M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.67M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.17M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.50M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.50M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.50M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$38.53M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.27M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.67M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.11M	USD	Point-in-time

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$221.33M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.66M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$246.89M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$231.95M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.69M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.37M	USD	Point-in-time
Recognized cost for restricted stock issued as compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$225.12K	USD	1 Quarter
Recognized cost for restricted stock issued as compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.37M	USD	3 Qtrs
Recognized cost for restricted stock issued as compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$320.46K	USD	1 Quarter
Recognized cost for restricted stock issued as compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.06M	USD	3 Qtrs
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-136.15K	USD	3 Qtrs
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-1.00	USD	1 Quarter
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-101.08K	USD	3 Qtrs
Fees incurred for issuance of common shares	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$50.81K	USD	3 Qtrs
Distribution to Non-Controlling Interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.67M	USD	3 Qtrs
Common Stock Dividend	`DividendsCommonStock`	$3.10M	USD	3 Qtrs
Common Stock Dividend	`DividendsCommonStock`	$1.54M	USD	1 Quarter
Net income	`ProfitLoss`	$22.81M	USD	3 Qtrs
Net income	`ProfitLoss`	$20.06M	USD	3 Qtrs
Net income	`ProfitLoss`	$10.40M	USD	1 Quarter
Net income	`ProfitLoss`	$10.42M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$221.33M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.66M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$246.89M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$231.95M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.69M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.37M	USD	Point-in-time

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