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10-K Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 FY 2019
Filing Information
Form Type 10-K
Accession Number 0001606909-20-000018
Period End Date 20191231
Filing Date 20200323
Fiscal Year 2019
Fiscal Period FY
XBRL Instance panl-20191231.xml
Filing Contents
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 $1.91M 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, share authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred stock, share authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $53.61M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $50.56M USD Point-in-time
Accounts receivable (net of allowance of $1,908,841 and $2,357,130 at December 31, 2019 and 2018, respectively) AccountsReceivableNetCurrent $28.31M USD Point-in-time
Preferred Stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable (net of allowance of $1,908,841 and $2,357,130 at December 31, 2019 and 2018, respectively) AccountsReceivableNetCurrent $28.48M USD Point-in-time
Preferred Stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Bunker inventory InventoryNet $21.00M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Bunker inventory InventoryNet $19.22M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Advance hire, prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $12.19M USD Point-in-time
Advance hire, prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $18.77M 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, authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Vessels held for sale, net AssetsHeldForSaleNotPartOfDisposalGroupCurrent - USD Point-in-time
Vessels held for sale, net AssetsHeldForSaleNotPartOfDisposalGroupCurrent $8.32M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 44.00M shares Point-in-time
Total current assets AssetsCurrent $126.96M USD Point-in-time
Total current assets AssetsCurrent $113.51M USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 44.89M shares Point-in-time
Common stock, outstanding (in shares) CommonStockSharesOutstanding 44.89M shares Point-in-time
Common stock, outstanding (in shares) CommonStockSharesOutstanding 44.00M shares Point-in-time
Restricted cash RestrictedCash $2.50M USD Point-in-time
Restricted cash RestrictedCash $2.50M USD Point-in-time
Fixed assets, net PropertyPlantAndEquipmentNet $281.89M USD Point-in-time
Fixed assets, net PropertyPlantAndEquipmentNet $281.47M USD Point-in-time
Investment in newbuildings in-process ConstructionInProgressGross $15.36M USD Point-in-time
Investment in newbuildings in-process ConstructionInProgressGross - USD Point-in-time
Investment in newbuildings in-process ConstructionInProgressGross $7.80M USD Point-in-time
Finance lease right of use assets, net FinanceLeaseRightOfUseAsset $53.62M USD Point-in-time
Finance lease right of use assets, net Capitalleaseassetnet $55.58M USD Point-in-time
Total assets Assets $479.90M USD Point-in-time
Total assets Assets $453.47M USD Point-in-time
Accounts payable, accrued expenses and other current liabilities AccountsPayableAccruedExpensesAndOtherCurrentLiabilities $39.97M USD Point-in-time
Accounts payable, accrued expenses and other current liabilities AccountsPayableAccruedExpensesAndOtherCurrentLiabilities $31.90M USD Point-in-time
Related party notes payable DueToRelatedPartiesCurrent $332.99K USD Point-in-time
Related party notes payable DueToRelatedPartiesCurrent $2.88M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $14.72M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $14.38M USD Point-in-time
Current portion of long-term debt OtherLongTermDebtCurrent $20.13M USD Point-in-time
Current portion of long-term debt OtherLongTermDebtCurrent $22.99M USD Point-in-time
Current portion of finance lease liabilities FinanceLeaseLiabilityCurrent $12.55M USD Point-in-time
Current portion of finance lease liabilities CapitalLeaseObligationsCurrent $5.36M USD Point-in-time
Dividends payable DividendsPayableCurrent $631.96K USD Point-in-time
Dividends payable DividendsPayableCurrent $4.06M USD Point-in-time
Total current liabilities LiabilitiesCurrent $79.05M USD Point-in-time
Total current liabilities LiabilitiesCurrent $90.85M USD Point-in-time
Secured long-term debt, net SecuredLongTermDebt $83.65M USD Point-in-time
Secured long-term debt, net SecuredLongTermDebt $95.37M USD Point-in-time
Finance lease liabilities FinanceLeaseLiabilityNoncurrent $57.50M USD Point-in-time
Finance lease liabilities CapitalLeaseObligationsNoncurrent $45.68M USD Point-in-time
Long-term liabilities - other - Note 11 OtherLiabilitiesNoncurrent $4.83M USD Point-in-time
Long-term liabilities - other - Note 11 OtherLiabilitiesNoncurrent - USD Point-in-time
Commitments and contingencies - Note 10 CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies - Note 10 CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.0001 par value, 1,000,000 shares authorized and no share issued or outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $0.0001 par value, 1,000,000 shares authorized and no share issued or outstanding PreferredStockValue - USD Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized, 44,886,122 and 43,998,560 shares issued and outstanding at December 31, 2019 and 2018, respectively CommonStockValue $4.49K USD Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized, 44,886,122 and 43,998,560 shares issued and outstanding at December 31, 2019 and 2018, respectively CommonStockValue $4.40K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $157.50M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $155.95M USD Point-in-time
Retained Earnings RetainedEarningsAccumulatedDeficit $5.74M USD Point-in-time
Retained Earnings RetainedEarningsAccumulatedDeficit $12.74M USD Point-in-time
Total Pangaea Logistics Solutions Ltd. equity StockholdersEquity $161.69M USD Point-in-time
Total Pangaea Logistics Solutions Ltd. equity StockholdersEquity $170.25M USD Point-in-time
Non-controlling interests MinorityInterest $71.68M USD Point-in-time
Non-controlling interests MinorityInterest $72.83M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $210.66M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $243.07M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $233.37M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $453.47M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $479.90M USD Point-in-time
Income Statement 222 line items
Line Item Tag Value Unit Period
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $79.60M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $412.20M USD Annual
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $79.00M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $101.90M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $372.97M USD Annual
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $95.30M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $96.80M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $83.30M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $118.90M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $130.50M USD 1 Quarter
Voyage expense VoyageExpense $36.70M USD 1 Quarter
Voyage expense VoyageExpense $32.20M USD 1 Quarter
Voyage expense VoyageExpense $45.10M USD 1 Quarter
Voyage expense VoyageExpense $37.20M USD 1 Quarter
Voyage expense VoyageExpense $145.15M USD Annual
Voyage expense VoyageExpense $30.20M USD 1 Quarter
Voyage expense VoyageExpense $38.00M USD 1 Quarter
Voyage expense VoyageExpense $51.00M USD 1 Quarter
Voyage expense VoyageExpense $165.48M USD Annual
Voyage expense VoyageExpense $40.30M USD 1 Quarter
Charter hire expense CharterHireExpense $28.50M USD 1 Quarter
Charter hire expense CharterHireExpense $132.95M USD Annual
Charter hire expense CharterHireExpense $116.96M USD Annual
Charter hire expense CharterHireExpense $35.00M USD 1 Quarter
Charter hire expense CharterHireExpense $18.30M USD 1 Quarter
Charter hire expense CharterHireExpense $22.70M USD 1 Quarter
Charter hire expense CharterHireExpense $24.90M USD 1 Quarter
Charter hire expense CharterHireExpense $30.70M USD 1 Quarter
Charter hire expense CharterHireExpense $42.00M USD 1 Quarter
Charter hire expense CharterHireExpense $47.70M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $11.10M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $45.27M USD Annual
Vessel operating expenses VesselOperatingExpense $13.10M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $9.90M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $39.83M USD Annual
Vessel operating expenses VesselOperatingExpense $9.80M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $9.80M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $10.00M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $11.30M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $10.10M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $3.70M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $4.30M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $4.10M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $17.38M USD Annual
General and administrative GeneralAndAdministrativeExpense $5.20M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $4.00M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $5.40M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $16.48M USD Annual
General and administrative GeneralAndAdministrativeExpense $4.40M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $2.80M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $4.50M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $4.70M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $4.30M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $4.50M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $4.40M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $18.53M USD Annual
Depreciation and amortization DepreciationAmortizationAndAccretionNet $4.40M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $4.40M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $5.00M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $17.62M USD Annual
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse $4.75M USD Annual
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse $4.75M USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD Annual
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties $-4.60M USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties $-4.58M USD Annual
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties - USD Annual
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sale and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Loss on sale and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Loss on sale and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Loss on sale and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Loss on sale and leaseback of vessels SaleAndLeasebackTransactionGainLossNet $-860.43K USD Annual
Loss on sale and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Loss on sale and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Loss on sale and leaseback of vessels SaleAndLeasebackTransactionGainLossNet $900.00K USD 1 Quarter
Loss on sale and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD Annual
Loss on sale and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Total operating expenses OperatingExpenses $83.20M USD 1 Quarter
Total operating expenses OperatingExpenses $88.40M USD 1 Quarter
Total operating expenses OperatingExpenses $388.94M USD Annual
Total operating expenses OperatingExpenses $76.50M USD 1 Quarter
Total operating expenses OperatingExpenses $94.20M USD 1 Quarter
Total operating expenses OperatingExpenses $71.10M USD 1 Quarter
Total operating expenses OperatingExpenses $336.90M USD Annual
Total operating expenses OperatingExpenses $75.30M USD 1 Quarter
Total operating expenses OperatingExpenses $105.90M USD 1 Quarter
Total operating expenses OperatingExpenses $131.40M USD 1 Quarter
Income from operations OperatingIncomeLoss $7.70M USD 1 Quarter
Income from operations OperatingIncomeLoss $7.90M USD 1 Quarter
Income from operations OperatingIncomeLoss $12.10M USD 1 Quarter
Income from operations OperatingIncomeLoss $23.26M USD Annual
Income from operations OperatingIncomeLoss $13.00M USD 1 Quarter
Income from operations OperatingIncomeLoss $6.80M USD 1 Quarter
Income from operations OperatingIncomeLoss $-900.00K USD 1 Quarter
Income from operations OperatingIncomeLoss $36.07M USD Annual
Income from operations OperatingIncomeLoss $4.30M USD 1 Quarter
Income from operations OperatingIncomeLoss $8.40M USD 1 Quarter
Interest expense, net InterestExpenseDebt $9.23M USD Annual
Interest expense, net InterestExpenseDebt $8.69M USD Annual
Interest expense, related party InterestExpenseRelatedParty - USD 1 Quarter
Interest expense, related party InterestExpenseRelatedParty - USD 1 Quarter
Interest expense, related party InterestExpenseRelatedParty $100.00K USD 1 Quarter
Interest expense, related party InterestExpenseRelatedParty - USD 1 Quarter
Interest expense, related party InterestExpenseRelatedParty $100.00K USD 1 Quarter
Interest expense, related party InterestExpenseRelatedParty $202.75K USD Annual
Interest expense, related party InterestExpenseRelatedParty - USD 1 Quarter
Interest expense, related party InterestExpenseRelatedParty - USD 1 Quarter
Interest expense, related party InterestExpenseRelatedParty $50.24K USD Annual
Interest expense, related party InterestExpenseRelatedParty - USD 1 Quarter
Unrealized gain (loss) on derivative instruments UnrealizedGainLossOnDerivatives $-300.00K USD 1 Quarter
Unrealized gain (loss) on derivative instruments UnrealizedGainLossOnDerivatives $500.00K USD 1 Quarter
Unrealized gain (loss) on derivative instruments UnrealizedGainLossOnDerivatives $-3.87M USD Annual
Unrealized gain (loss) on derivative instruments UnrealizedGainLossOnDerivatives $500.00K USD 1 Quarter
Unrealized gain (loss) on derivative instruments UnrealizedGainLossOnDerivatives $2.30M USD 1 Quarter
Unrealized gain (loss) on derivative instruments UnrealizedGainLossOnDerivatives $-4.30M USD 1 Quarter
Unrealized gain (loss) on derivative instruments UnrealizedGainLossOnDerivatives $200.00K USD 1 Quarter
Unrealized gain (loss) on derivative instruments UnrealizedGainLossOnDerivatives $-600.00K USD 1 Quarter
Unrealized gain (loss) on derivative instruments UnrealizedGainLossOnDerivatives $2.75M USD Annual
Unrealized gain (loss) on derivative instruments UnrealizedGainLossOnDerivatives $600.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $400.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $-300.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $314.85K USD Annual
Other income OtherNonoperatingIncomeExpense - USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $200.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $200.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $200.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense - USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $200.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $677.09K USD Annual
Total other expense, net NonoperatingIncomeExpense $-6.40M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $300.00K USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-1.70M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-6.21M USD Annual
Total other expense, net NonoperatingIncomeExpense $-2.40M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-2.60M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-1.60M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-2.20M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-1.70M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-12.09M USD Annual
Net income ProfitLoss $10.40M USD 1 Quarter
Net income ProfitLoss $10.40M USD 1 Quarter
Net income ProfitLoss $17.05M USD Annual
Net income ProfitLoss $5.20M USD 1 Quarter
Net income ProfitLoss $23.98M USD Annual
Net income ProfitLoss $-3.00M USD 1 Quarter
Net income ProfitLoss $6.80M USD 1 Quarter
Net income ProfitLoss $1.30M USD 1 Quarter
Net income ProfitLoss $4.50M USD 1 Quarter
Net income ProfitLoss $5.50M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $5.39M USD Annual
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $6.22M USD Annual
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.10M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $800.00K USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.10M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.20M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.40M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $2.10M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $2.10M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.80M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $3.70M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $11.66M USD Annual
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $5.70M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $17.76M USD Annual
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $8.30M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $-4.40M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $-500.00K USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $8.30M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $4.30M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $4.10M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.09 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.10 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.09 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.27 USD Annual
Basic (in dollars per share) EarningsPerShareBasic $0.14 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.20 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.42 USD Annual
Basic (in dollars per share) EarningsPerShareBasic $-0.01 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.19 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.10 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.19 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.19 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.09 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.09 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.10 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.27 USD Annual
Diluted (in dollars per share) EarningsPerShareDiluted $0.13 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted - USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.42 USD Annual
Diluted (in dollars per share) EarningsPerShareDiluted - USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.02M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.37M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.35M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.77M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.60M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.82M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.82M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.25M shares Annual
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.75M shares Annual
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.25M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 43.29M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 42.78M shares Annual
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 42.76M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 43.07M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 43.35M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 42.66M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 42.82M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 42.37M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 43.27M shares Annual
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 42.88M shares 1 Quarter
Cash Flow Statement 126 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $10.40M USD 1 Quarter
Net income ProfitLoss $10.40M USD 1 Quarter
Net income ProfitLoss $17.05M USD Annual
Net income ProfitLoss $5.20M USD 1 Quarter
Net income ProfitLoss $23.98M USD Annual
Net income ProfitLoss $-3.00M USD 1 Quarter
Net income ProfitLoss $6.80M USD 1 Quarter
Net income ProfitLoss $1.30M USD 1 Quarter
Net income ProfitLoss $4.50M USD 1 Quarter
Net income ProfitLoss $5.50M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $18.53M USD Annual
Depreciation and amortization expense DepreciationDepletionAndAmortization $17.62M USD Annual
Amortization of deferred financing costs AmortizationOfDeferredFinancingCostsAndBankFees $693.79K USD Annual
Amortization of deferred financing costs AmortizationOfDeferredFinancingCostsAndBankFees $727.02K USD Annual
Amortization of prepaid rent Amortizationofprepaidrent $-121.94K USD Annual
Amortization of prepaid rent Amortizationofprepaidrent $-118.60K USD Annual
Unrealized (gain)/loss on derivative instruments UnrealizedGainLossOnDerivatives $-300.00K USD 1 Quarter
Unrealized (gain)/loss on derivative instruments UnrealizedGainLossOnDerivatives $500.00K USD 1 Quarter
Unrealized (gain)/loss on derivative instruments UnrealizedGainLossOnDerivatives $-3.87M USD Annual
Unrealized (gain)/loss on derivative instruments UnrealizedGainLossOnDerivatives $500.00K USD 1 Quarter
Unrealized (gain)/loss on derivative instruments UnrealizedGainLossOnDerivatives $2.30M USD 1 Quarter
Unrealized (gain)/loss on derivative instruments UnrealizedGainLossOnDerivatives $-4.30M USD 1 Quarter
Unrealized (gain)/loss on derivative instruments UnrealizedGainLossOnDerivatives $200.00K USD 1 Quarter
Unrealized (gain)/loss on derivative instruments UnrealizedGainLossOnDerivatives $-600.00K USD 1 Quarter
Unrealized (gain)/loss on derivative instruments UnrealizedGainLossOnDerivatives $2.75M USD Annual
Unrealized (gain)/loss on derivative instruments UnrealizedGainLossOnDerivatives $600.00K USD 1 Quarter
Income from equity method investee IncomeLossFromEquityMethodInvestments $224.00K USD Annual
Income from equity method investee IncomeLossFromEquityMethodInvestments $156.14K USD Annual
Earnings attributable to noncontrolling interest recorded as interest expense EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense $44.95K USD Annual
Earnings attributable to noncontrolling interest recorded as interest expense EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense - USD Annual
Provision for doubtful accounts ProvisionForDoubtfulAccounts $898.36K USD Annual
Provision for doubtful accounts ProvisionForDoubtfulAccounts $268.99K USD Annual
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse $4.75M USD Annual
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse $4.75M USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD Annual
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties $-4.60M USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties $-4.58M USD Annual
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties - USD Annual
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sales and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Loss on sales and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Loss on sales and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Loss on sales and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Loss on sales and leaseback of vessels SaleAndLeasebackTransactionGainLossNet $-860.43K USD Annual
Loss on sales and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Loss on sales and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Loss on sales and leaseback of vessels SaleAndLeasebackTransactionGainLossNet $900.00K USD 1 Quarter
Loss on sales and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD Annual
Loss on sales and leaseback of vessels SaleAndLeasebackTransactionGainLossNet - USD 1 Quarter
Drydocking costs PaymentForDrydockingCosts $1.63M USD Annual
Drydocking costs PaymentForDrydockingCosts $2.14M USD Annual
Recognized cost for restricted stock issued as compensation ShareBasedCompensation $1.74M USD Annual
Recognized cost for restricted stock issued as compensation ShareBasedCompensation $1.20M USD Annual
Accounts receivable IncreaseDecreaseInAccountsReceivable $7.66M USD Annual
Accounts receivable IncreaseDecreaseInAccountsReceivable $725.97K USD Annual
Bunker inventory IncreaseDecreaseInInventories $3.87M USD Annual
Bunker inventory IncreaseDecreaseInInventories $2.43M USD Annual
Advance hire, prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $6.25M USD Annual
Advance hire, prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.62M USD Annual
Accounts payable, accrued expenses and other current liabilities IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities $-392.16K USD Annual
Accounts payable, accrued expenses and other current liabilities IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities $10.30M USD Annual
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $-340.68K USD Annual
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $4.17M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $40.13M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $44.46M USD Annual
Purchase of vessels and vessel improvements PaymentForPurchaseOfVessels $17.13M USD Annual
Purchase of vessels and vessel improvements PaymentForPurchaseOfVessels $41.35M USD Annual
Proceeds from sale of vessels ProceedsfromSaleofVessel - USD Annual
Proceeds from sale of vessels ProceedsfromSaleofVessel $10.39M USD Annual
Deposits on newbuildings in-process PaymentsforInvestmentInNewbuildingsInProcess - USD Annual
Deposits on newbuildings in-process PaymentsforInvestmentInNewbuildingsInProcess $15.36M USD Annual
Purchase of building and equipment PaymentsToAcquireOtherPropertyPlantAndEquipment $283.24K USD Annual
Purchase of building and equipment PaymentsToAcquireOtherPropertyPlantAndEquipment $414.92K USD Annual
Proceeds from sale of equipment ProceedsFromSaleOfPropertyPlantAndEquipment $31.59K USD Annual
Proceeds from sale of equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-46.60M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-17.51M USD Annual
Payments on related party notes payable RepaymentsOfRelatedPartyDebt $2.60M USD Annual
Payments on related party notes payable RepaymentsOfRelatedPartyDebt $4.13M USD Annual
Proceeds from long-term debt ProceedsFromIssuanceOfSecuredDebt - USD Annual
Proceeds from long-term debt ProceedsFromIssuanceOfSecuredDebt $14.00M USD Annual
Payments of financing and issuance costs PaymentOfFinancingAndStockIssuanceCosts $2.96M USD Annual
Payments of financing and issuance costs PaymentOfFinancingAndStockIssuanceCosts $728.04K USD Annual
Payments of long-term debt RepaymentsOfSecuredDebt $20.63M USD Annual
Payments of long-term debt RepaymentsOfSecuredDebt $21.06M USD Annual
Proceeds from finance leases ProceedsFromFinanceLease $25.60M USD Annual
Proceeds from finance leases SaleLeasebackTransactionNetProceedsFinancingActivities $27.75M USD Annual
Payments on finance lease obligation FinanceLeasePrincipalPayments $6.60M USD Annual
Payments on finance lease obligation RepaymentsOfLongTermCapitalLeaseObligations $3.50M USD Annual
Dividends paid to non-controlling interests PaymentsOfDividendsMinorityInterest $4.67M USD Annual
Dividends paid to non-controlling interests PaymentsOfDividendsMinorityInterest $904.80K USD Annual
Common stock accrued dividends paid PaymentsOfDividendsCommonStock $8.09M USD Annual
Common stock accrued dividends paid PaymentsOfDividendsCommonStock $2.27M USD Annual
Cash paid for incentive compensation shares relinquished EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards $-179.28K USD Annual
Cash paid for incentive compensation shares relinquished EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards $-146.65K USD Annual
Contributions from noncontrolling interests recorded as long-term liability ProceedsfromNoncontrollingInterestsRecordedAsLongTermLiability - USD Annual
Contributions from noncontrolling interests recorded as long-term liability ProceedsfromNoncontrollingInterestsRecordedAsLongTermLiability $4.78M USD Annual
Contributions from noncontrolling interests ProceedsFromMinorityShareholders $422.52K USD Annual
Contributions from noncontrolling interests ProceedsFromMinorityShareholders - USD Annual
Proceeds from private placement of common stock, net of issuance costs ProceedsFromIssuanceOfCommonStock - USD Annual
Proceeds from private placement of common stock, net of issuance costs ProceedsFromIssuanceOfCommonStock $-50.81K USD Annual
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-916.13K USD Annual
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-5.04M USD Annual
Net (decrease)/increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-3.06M USD Annual
Net (decrease)/increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $17.58M USD Annual
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $53.06M 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 $38.53M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $53.06M 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 $38.53M USD Point-in-time
Cash paid for interest InterestPaidNet $8.64M USD Annual
Cash paid for interest InterestPaidNet $9.25M USD Annual
Stockholders Equity 25 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $210.66M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $243.07M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $233.37M USD Point-in-time
Recognized cost for restricted stock issued as compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.20M USD Annual
Recognized cost for restricted stock issued as compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.74M USD Annual
Issuance of restricted shares, net of forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $-178.78K USD Annual
Issuance of restricted shares, net of forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $-146.66K USD Annual
Contribution from noncontrolling interest NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $422.52K USD Annual
Contribution from noncontrolling interest NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $150.00K USD Annual
Distribution to Non-Controlling Interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $4.67M USD Annual
Common Stock Dividend DividendsCommonStock $4.66M USD Annual
Issuance of common shares, net of fees StockIssuedDuringPeriodValueNewIssues $-50.81K USD Annual
Net income ProfitLoss $10.40M USD 1 Quarter
Net income ProfitLoss $10.40M USD 1 Quarter
Net income ProfitLoss $17.05M USD Annual
Net income ProfitLoss $5.20M USD 1 Quarter
Net income ProfitLoss $23.98M USD Annual
Net income ProfitLoss $-3.00M USD 1 Quarter
Net income ProfitLoss $6.80M USD 1 Quarter
Net income ProfitLoss $1.30M USD 1 Quarter
Net income ProfitLoss $4.50M USD 1 Quarter
Net income ProfitLoss $5.50M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $210.66M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $243.07M 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.

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