10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001606909-20-000024`
Period End Date	20200331
Filing Date	20200513
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	panl-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 42 Cash Flow Statement 86 Stockholders Equity 13

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$1.72M	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, 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`	$59.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.97M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$1.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$1.00M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable (net of allowance of $1,723,510 at March 31, 2020 and $1,908,841 at December 31, 2019)	`AccountsReceivableNetCurrent`	$28.31M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable (net of allowance of $1,723,510 at March 31, 2020 and $1,908,841 at December 31, 2019)	`AccountsReceivableNetCurrent`	$23.14M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Bunker inventory	`InventoryNet`	$19.16M	USD	Point-in-time
Bunker inventory	`InventoryNet`	$21.00M	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`	$17.83M	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
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.77M	USD	Point-in-time
Vessel held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	-	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.89M	shares	Point-in-time
Vessel held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$8.32M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	45.11M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	45.11M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$101.10M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	44.89M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$127.96M	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$1.50M	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$1.50M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$281.47M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$287.53M	USD	Point-in-time
Investment in newbuildings in-process	`InvestmentInNewbuildingsInProcess`	$15.39M	USD	Point-in-time
Investment in newbuildings in-process	`InvestmentInNewbuildingsInProcess`	$15.36M	USD	Point-in-time
Finance lease right of use assets, net	`FinanceLeaseRightOfUseAsset`	$46.49M	USD	Point-in-time
Finance lease right of use assets, net	`FinanceLeaseRightOfUseAsset`	$53.62M	USD	Point-in-time
Total assets	`Assets`	$479.90M	USD	Point-in-time
Total assets	`Assets`	$452.02M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$35.56M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$39.97M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$242.85K	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$332.99K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$7.62M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$14.38M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$22.24M	USD	Point-in-time
Current portion of secured 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	`FinanceLeaseLiabilityCurrent`	$6.90M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$132.66K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$631.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$72.69M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$81.14M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$83.65M	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$57.50M	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$55.77M	USD	Point-in-time
Long-term liabilities - other - Note 8	`OtherLiabilitiesNoncurrent`	$5.05M	USD	Point-in-time
Long-term liabilities - other - Note 8	`OtherLiabilitiesNoncurrent`	$4.83M	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; 45,112,062 shares issued and outstanding at March 31, 2020; 44,886,122 shares issued and outstanding at December 31, 2019	`CommonStockValue`	$4.51K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 45,112,062 shares issued and outstanding at March 31, 2020; 44,886,122 shares issued and outstanding at December 31, 2019	`CommonStockValue`	$4.49K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$157.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$158.56M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.94M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$164.51M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$170.25M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$72.83M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$72.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$238.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$243.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$479.90M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$452.02M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$79.54M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$95.88M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$47.80M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$32.17M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$32.33M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$24.95M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$9.93M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$9.75M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.99M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.38M	USD	1 Quarter
Gain on sale of vessels	`GainLossOnSaleOfProperties`	$77.99K	USD	1 Quarter
Gain on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Total expenses	`OperatingExpenses`	$98.21M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$75.29M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-2.33M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$4.26M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$2.12M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$2.21M	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$26.90K	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Unrealized (loss)/gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-2.92M	USD	1 Quarter
Unrealized (loss)/gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$2.29M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$167.82K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$596.56K	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-4.44M	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$223.54K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$4.48M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-6.77M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$25.73K	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$778.45K	USD	1 Quarter
Net (loss) income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$-6.80M	USD	1 Quarter
Net (loss) income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$3.70M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.16	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.34M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.07M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.34M	shares	1 Quarter

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$4.48M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-6.77M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$4.38M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$4.24M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$176.53K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$182.80K	USD	1 Quarter
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$29.65K	USD	1 Quarter
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$30.57K	USD	1 Quarter
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-2.92M	USD	1 Quarter
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$2.29M	USD	1 Quarter
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$429.36K	USD	1 Quarter
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$128.25K	USD	1 Quarter
Earnings attributable to non-controlling interest recorded as interest expense	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	-	USD	1 Quarter
Earnings attributable to non-controlling interest recorded as interest expense	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$-27.64K	USD	1 Quarter
(Recovery) provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-185.33K	USD	1 Quarter
(Recovery) provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$487.37K	USD	1 Quarter
Gain on sale of vessel	`GainLossOnSaleOfOtherAssets`	-	USD	1 Quarter
Gain on sale of vessel	`GainLossOnSaleOfOtherAssets`	$77.99K	USD	1 Quarter
Drydocking costs	`PaymentForDrydockingCosts`	$2.90M	USD	1 Quarter
Drydocking costs	`PaymentForDrydockingCosts`	$381.06K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$674.60K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.10M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.35M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.26M	USD	1 Quarter
Bunker inventory	`IncreaseDecreaseInInventories`	$-1.84M	USD	1 Quarter
Bunker inventory	`IncreaseDecreaseInInventories`	$-3.81M	USD	1 Quarter
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.37M	USD	1 Quarter
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$872.86K	USD	1 Quarter
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-5.36M	USD	1 Quarter
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-6.73M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-6.76M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-8.31M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.96M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.84M	USD	1 Quarter
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$11.43M	USD	1 Quarter
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$283.45K	USD	1 Quarter
Investment in newbuildings in-process	`PaymentsforInvestmentInNewbuildingsInProcess`	-	USD	1 Quarter
Investment in newbuildings in-process	`PaymentsforInvestmentInNewbuildingsInProcess`	$33.45K	USD	1 Quarter
Purchase of fixed assets and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of fixed assets and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$159.62K	USD	1 Quarter
Proceeds from sale of vessels	`ProceedsfromSaleofVessel`	$8.40M	USD	1 Quarter
Proceeds from sale of vessels	`ProceedsfromSaleofVessel`	-	USD	1 Quarter
Purchase of derivative instrument	`PaymentsForDerivativeInstrumentInvestingActivities`	-	USD	1 Quarter
Purchase of derivative instrument	`PaymentsForDerivativeInstrumentInvestingActivities`	$628.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.59M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.45M	USD	1 Quarter
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	$838.10K	USD	1 Quarter
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	$90.14K	USD	1 Quarter
Payments of financing fees and debt issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$260.23K	USD	1 Quarter
Payments of financing fees and debt issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$149.12K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$4.20M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$3.28M	USD	1 Quarter
Proceeds from finance leases	`ProceedsFromFinanceLease`	-	USD	1 Quarter
Proceeds from finance leases	`ProceedsFromFinanceLease`	$13.00M	USD	1 Quarter
Payments of finance lease obligations	`FinanceLeasePrincipalPayments`	$7.38M	USD	1 Quarter
Payments of finance lease obligations	`FinanceLeasePrincipalPayments`	$1.43M	USD	1 Quarter
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$499.30K	USD	1 Quarter
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$1.14M	USD	1 Quarter
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$43.16K	USD	1 Quarter
Contributions from non-controlling interest recorded as long-term liability	`ProceedsFromMinorityShareholders`	-	USD	1 Quarter
Contributions from non-controlling interest recorded as long-term liability	`ProceedsFromMinorityShareholders`	$322.75K	USD	1 Quarter
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	$70.49K	USD	1 Quarter
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	-	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.19M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.13M	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.51M	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-10.58M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.62M	USD	Point-in-time
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`	$42.47M	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`	$61.62M	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`	$42.47M	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`	$59.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.97M	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`	$61.62M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.06M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.47M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.11M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$238.52M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$243.07M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.36M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.37M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.10M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$674.60K	USD	1 Quarter
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Net income	`ProfitLoss`	$4.48M	USD	1 Quarter
Net income	`ProfitLoss`	$-6.77M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$238.52M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$243.07M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.36M	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.