10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001606909-20-000041`
Period End Date	20200630
Filing Date	20200812
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	panl-20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 88 Cash Flow Statement 99 Stockholders Equity 28

Balance Sheet 86 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.56M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.16M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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 outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	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 and $1,908,841 at June 30, 2020 and December 31, 2019, respectively)	`AccountsReceivableNetCurrent`	$18.20M	USD	Point-in-time
Accounts receivable (net of allowance of $1,723,510 and $1,908,841 at June 30, 2020 and December 31, 2019, respectively)	`AccountsReceivableNetCurrent`	$28.31M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Bunker inventory	`InventoryNet`	$11.65M	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
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.58M	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`	$4.56M	USD	Point-in-time
Vessel held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$8.32M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.89M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	45.07M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$97.98M	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
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	45.07M	shares	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`	$278.38M	USD	Point-in-time
Investment in newbuildings in-process	`InvestmentInNewbuildingsInProcess`	$15.40M	USD	Point-in-time
Investment in newbuildings in-process	`InvestmentInNewbuildingsInProcess`	$15.36M	USD	Point-in-time
Investment in newbuildings in-process	`InvestmentInNewbuildingsInProcess`	$15.39M	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	`FinanceLeaseRightOfUseAsset`	$46.26M	USD	Point-in-time
Total assets	`Assets`	$439.51M	USD	Point-in-time
Total assets	`Assets`	$479.90M	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`	$26.53M	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`	$14.38M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$5.34M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$22.99M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$21.49M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$6.93M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$12.55M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$631.96K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$95.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$60.63M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$83.65M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$78.78M	USD	Point-in-time
Finance lease liabilities, net	`FinanceLeaseLiabilityNoncurrent`	$57.50M	USD	Point-in-time
Finance lease liabilities, net	`FinanceLeaseLiabilityNoncurrent`	$54.03M	USD	Point-in-time
Long-term liabilities - other - Note 8	`OtherLiabilitiesNoncurrent`	$5.11M	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; 45,065,662 shares issued and outstanding at June 30, 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; 45,065,662 shares issued and outstanding at June 30, 2020; 44,886,122 shares issued and outstanding at December 31, 2019	`CommonStockValue`	$4.49K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$158.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$157.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.95M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$167.83M	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`	$73.14M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$240.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$243.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$238.52M	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`	$439.51M	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$162.83M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$83.29M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$70.40M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$166.28M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$31.76M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$37.22M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$79.55M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$69.40M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$43.26M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$15.20M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$47.53M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$18.32M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$11.07M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$20.83M	USD	2 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$9.33M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$19.26M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.87M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.87M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.39M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$8.59M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$8.87M	USD	2 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	$1.80M	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	$1.80M	USD	2 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	2 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	$-219.49K	USD	2 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	$-297.48K	USD	1 Quarter
Loss on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	2 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Total expenses	`OperatingExpenses`	$151.75M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$66.60M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$76.47M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$164.82M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$3.79M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.46M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$11.08M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$6.82M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$4.12M	USD	2 Qtrs
Interest expense, net	`InterestExpenseDebt`	$2.00M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$4.31M	USD	2 Qtrs
Interest expense, net	`InterestExpenseDebt`	$2.10M	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	-	USD	2 Qtrs
Interest expense on related party debt	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$11.14K	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	$38.04K	USD	2 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$215.17K	USD	1 Quarter
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-1.51M	USD	2 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$2.50M	USD	2 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$1.40M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$232.09K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$695.19K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$98.64K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$399.91K	USD	2 Qtrs
Total other (expense), net	`NonoperatingIncomeExpense`	$-1.66M	USD	1 Quarter
Total other (expense), net	`NonoperatingIncomeExpense`	$-4.93M	USD	2 Qtrs
Total other (expense), net	`NonoperatingIncomeExpense`	$-1.44M	USD	2 Qtrs
Total other (expense), net	`NonoperatingIncomeExpense`	$-497.60K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$9.64M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$5.16M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-3.47M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$3.30M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.91M	USD	2 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.13M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$290.09K	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$315.81K	USD	2 Qtrs
Net income (loss) attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$3.01M	USD	1 Quarter
Net income (loss) attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$7.74M	USD	2 Qtrs
Net income (loss) attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$-3.79M	USD	2 Qtrs
Net income (loss) attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$4.03M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.09	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.68M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.44M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.77M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.45M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.45M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.44M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.20M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.29M	shares	1 Quarter

Cash Flow Statement 99 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$9.64M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$5.16M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-3.47M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$3.30M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$8.59M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$8.87M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$365.56K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$346.99K	USD	2 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$59.30K	USD	2 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$61.14K	USD	2 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$215.17K	USD	1 Quarter
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-1.51M	USD	2 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$2.50M	USD	2 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$1.40M	USD	1 Quarter
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$247.31K	USD	2 Qtrs
Gain from equity method investee	`IncomeLossFromEquityMethodInvestments`	$795.99K	USD	2 Qtrs
Earnings attributable to non-controlling interest recorded as interest expense	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	-	USD	2 Qtrs
Earnings attributable to non-controlling interest recorded as interest expense	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$28.17K	USD	2 Qtrs
Earnings attributable to non-controlling interest recorded as interest expense	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$55.81K	USD	1 Quarter
(Recovery) provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$320.49K	USD	2 Qtrs
(Recovery) provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-185.33K	USD	2 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	$1.80M	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	$1.80M	USD	2 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	2 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	$-219.49K	USD	2 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	-	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$1.55M	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$2.88M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.05M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.52M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.30M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.98M	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-1.78M	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-9.35M	USD	2 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.82M	USD	2 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.99M	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`	$-14.44M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-9.03M	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`	$6.91M	USD	2 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$25.56M	USD	2 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$1.65M	USD	2 Qtrs
Investment in newbuildings in-process	`PaymentsforInvestmentInNewbuildingsInProcess`	$7.66M	USD	2 Qtrs
Investment in newbuildings in-process	`PaymentsforInvestmentInNewbuildingsInProcess`	$33.45K	USD	2 Qtrs
Purchase of fixed assets and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$281.01K	USD	2 Qtrs
Purchase of fixed assets and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$7.80K	USD	2 Qtrs
Proceeds from sale of vessels	`ProceedsfromSaleofVessel`	-	USD	2 Qtrs
Proceeds from sale of vessels	`ProceedsfromSaleofVessel`	$8.10M	USD	2 Qtrs
Purchase of derivative instrument	`PaymentsForDerivativeInstrumentInvestingActivities`	$628.00K	USD	2 Qtrs
Purchase of derivative instrument	`PaymentsForDerivativeInstrumentInvestingActivities`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.78M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.50M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfSecuredDebt`	$14.00M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	2 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	$1.69M	USD	2 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Payments of financing fees and debt issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$149.12K	USD	2 Qtrs
Payments of financing fees and debt issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$277.58K	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$6.57M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$12.24M	USD	2 Qtrs
Proceeds from finance leases	`ProceedsFromFinanceLease`	$13.00M	USD	2 Qtrs
Proceeds from finance leases	`ProceedsFromFinanceLease`	-	USD	2 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	-	USD	2 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$4.67M	USD	2 Qtrs
Payments of finance lease obligations	`FinanceLeasePrincipalPayments`	$9.09M	USD	2 Qtrs
Payments of finance lease obligations	`FinanceLeasePrincipalPayments`	$2.91M	USD	2 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$3.75M	USD	2 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$536.46K	USD	2 Qtrs
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$154.13K	USD	2 Qtrs
Contributions from non-controlling interest recorded as long-term liability	`ProceedsFromMinorityShareholders`	$322.75K	USD	2 Qtrs
Contributions from non-controlling interest recorded as long-term liability	`ProceedsFromMinorityShareholders`	-	USD	2 Qtrs
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	$70.49K	USD	2 Qtrs
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.46M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.25M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.45M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.56M	USD	2 Qtrs
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`	$43.66M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.49M	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`	$43.66M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.16M	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`	$53.06M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.11M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.66M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.49M	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$240.97M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$243.07M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.69M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.36M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$238.52M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.37M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.52M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.05M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$370.91K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$420.72K	USD	1 Quarter
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-154.13K	USD	2 Qtrs
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-136.15K	USD	1 Quarter
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-136.15K	USD	2 Qtrs
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-110.96K	USD	1 Quarter
Distribution to Non-Controlling Interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.67M	USD	2 Qtrs
Distribution to Non-Controlling Interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.67M	USD	1 Quarter
Common Stock Dividend	`DividendsCommonStock`	$1.56M	USD	1 Quarter
Common Stock Dividend	`DividendsCommonStock`	$1.56M	USD	2 Qtrs
Net income	`ProfitLoss`	$9.64M	USD	2 Qtrs
Net income	`ProfitLoss`	$5.16M	USD	1 Quarter
Net income	`ProfitLoss`	$-3.47M	USD	2 Qtrs
Net income	`ProfitLoss`	$3.30M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$240.97M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$243.07M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.69M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.36M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$238.52M	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.