10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001606909-20-000065`
Period End Date	20200930
Filing Date	20201112
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	panl-20200930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 88 Cash Flow Statement 103 Stockholders Equity 27

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$1.70M	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`	$50.56M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.17M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$1.50M	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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable (net of allowance of $1,697,961 and $1,908,841 at September 30, 2020 and December 31, 2019, respectively)	`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 $1,697,961 and $1,908,841 at September 30, 2020 and December 31, 2019, respectively)	`AccountsReceivableNetCurrent`	$19.94M	USD	Point-in-time
Bunker inventory	`InventoryNet`	$16.23M	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`	$18.77M	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`	$22.42M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	45.07M	shares	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
Vessel held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$105.65M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	44.89M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	45.07M	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`	$1.00M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$281.47M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$275.62M	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`	$45.73M	USD	Point-in-time
Finance lease right of use assets, net	`FinanceLeaseRightOfUseAsset`	$53.62M	USD	Point-in-time
Total assets	`Assets`	$443.39M	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`	$39.09M	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`	$10.39M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$14.38M	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`	$31.62M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$6.95M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$12.55M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$99.13K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$631.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$88.39M	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`	$65.51M	USD	Point-in-time
Finance lease liabilities, net	`FinanceLeaseLiabilityNoncurrent`	$57.50M	USD	Point-in-time
Finance lease liabilities, net	`FinanceLeaseLiabilityNoncurrent`	$52.28M	USD	Point-in-time
Long-term liabilities - other - Note 8	`OtherLiabilitiesNoncurrent`	$4.83M	USD	Point-in-time
Long-term liabilities - other - Note 8	`OtherLiabilitiesNoncurrent`	$10.06M	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 September 30, 2020; 44,886,122 shares issued and outstanding at December 31, 2019	`CommonStockValue`	$4.49K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 45,065,662 shares issued and outstanding at September 30, 2020; 44,886,122 shares issued and outstanding at December 31, 2019	`CommonStockValue`	$4.51K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$159.27M	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`	$16.50M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$170.25M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$175.77M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$51.38M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$72.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$227.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$240.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$246.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$243.07M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$443.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$479.90M	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$270.04M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$281.72M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$103.77M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$118.89M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$114.50M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$120.28M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$45.10M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$40.73M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$34.97M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$41.98M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$82.50M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$85.24M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$9.70M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$28.96M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$11.33M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$32.16M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$11.56M	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`	$3.69M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.65M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$12.82M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$13.52M	USD	3 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	3 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	$1.80M	USD	3 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Loss on sale of vessels	`GainLossOnSaleOfProperties`	$-485.58K	USD	1 Quarter
Loss on sale of vessels	`GainLossOnSaleOfProperties`	$-705.07K	USD	3 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$93.81M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$105.84M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$258.62M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$257.59M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$24.13M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$11.42M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$13.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.96M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$2.50M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$1.96M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$6.07M	USD	3 Qtrs
Interest expense, net	`InterestExpenseDebt`	$6.81M	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`	-	USD	1 Quarter
Interest expense on related party debt	`InterestExpenseRelatedParty`	-	USD	3 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$2.20M	USD	3 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-18.10K	USD	1 Quarter
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-1.53M	USD	3 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-301.06K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$301.54K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$580.11K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$180.19K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$996.73K	USD	3 Qtrs
Total other (expense), net	`NonoperatingIncomeExpense`	$-2.63M	USD	1 Quarter
Total other (expense), net	`NonoperatingIncomeExpense`	$-4.07M	USD	3 Qtrs
Total other (expense), net	`NonoperatingIncomeExpense`	$-1.67M	USD	1 Quarter
Total other (expense), net	`NonoperatingIncomeExpense`	$-6.61M	USD	3 Qtrs
Net income	`ProfitLoss`	$10.42M	USD	1 Quarter
Net income	`ProfitLoss`	$8.29M	USD	1 Quarter
Net income	`ProfitLoss`	$20.06M	USD	3 Qtrs
Net income	`ProfitLoss`	$4.81M	USD	3 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.00M	USD	3 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.05M	USD	3 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.10M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$734.47K	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$7.55M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$8.32M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$3.76M	USD	3 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$16.06M	USD	3 Qtrs
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`	$0.09	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.37	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.82M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.73M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.49M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.39M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.25M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.35M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.40M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.51M	shares	1 Quarter

Cash Flow Statement 103 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$10.42M	USD	1 Quarter
Net income	`ProfitLoss`	$8.29M	USD	1 Quarter
Net income	`ProfitLoss`	$20.06M	USD	3 Qtrs
Net income	`ProfitLoss`	$4.81M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$13.52M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$12.82M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$538.43K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$513.09K	USD	3 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$91.70K	USD	3 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$88.95K	USD	3 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$2.20M	USD	3 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-18.10K	USD	1 Quarter
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-1.53M	USD	3 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-301.06K	USD	1 Quarter
Income from equity method investee	`IncomeLossFromEquityMethodInvestments`	$1.10M	USD	3 Qtrs
Income from equity method investee	`IncomeLossFromEquityMethodInvestments`	$416.44K	USD	3 Qtrs
Earnings attributable to non-controlling interest recorded as interest expense	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$76.50K	USD	1 Quarter
Earnings attributable to non-controlling interest recorded as interest expense	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$104.66K	USD	3 Qtrs
Earnings attributable to non-controlling interest recorded as interest expense	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	-	USD	3 Qtrs
Recovery for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-45.66K	USD	3 Qtrs
Recovery for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-47.35K	USD	3 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	3 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	$1.80M	USD	3 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	-	USD	3 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	$-705.07K	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$3.11M	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$1.56M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.37M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.92M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.42M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$692.31K	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-4.77M	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-2.22M	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.22M	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.55M	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$6.17M	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-4.24M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-3.99M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-419.83K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.44M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.40M	USD	3 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$40.20M	USD	3 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$2.07M	USD	3 Qtrs
Investment in newbuildings in-process	`PaymentsforInvestmentInNewbuildingsInProcess`	$7.69M	USD	3 Qtrs
Investment in newbuildings in-process	`PaymentsforInvestmentInNewbuildingsInProcess`	$33.45K	USD	3 Qtrs
Purchase of fixed assets and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$293.38K	USD	3 Qtrs
Purchase of fixed assets and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	3 Qtrs
Acquisition of non-controlling interest	`PaymentsToAcquireNonControllingInterest`	$15.00M	USD	3 Qtrs
Acquisition of non-controlling interest	`PaymentsToAcquireNonControllingInterest`	-	USD	3 Qtrs
Proceeds from sale of vessels	`ProceedsfromSaleofVessel`	-	USD	3 Qtrs
Proceeds from sale of vessels	`ProceedsfromSaleofVessel`	$11.69M	USD	3 Qtrs
Purchase of derivative instrument	`PaymentsForDerivativeInstrumentInvestingActivities`	$628.00K	USD	3 Qtrs
Purchase of derivative instrument	`PaymentsForDerivativeInstrumentInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-48.19M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.04M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfSecuredDebt`	$14.00M	USD	3 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	$1.68M	USD	3 Qtrs
Payments of related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Payments of financing fees and debt issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$646.54K	USD	3 Qtrs
Payments of financing fees and debt issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$167.98K	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$9.85M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$17.34M	USD	3 Qtrs
Proceeds from finance leases	`ProceedsFromFinanceLease`	-	USD	3 Qtrs
Proceeds from finance leases	`ProceedsFromFinanceLease`	$25.60M	USD	3 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	-	USD	3 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$4.67M	USD	3 Qtrs
Payments of finance lease obligations	`FinanceLeasePrincipalPayments`	$10.82M	USD	3 Qtrs
Payments of finance lease obligations	`FinanceLeasePrincipalPayments`	$4.68M	USD	3 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$532.83K	USD	3 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$5.24M	USD	3 Qtrs
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$154.13K	USD	3 Qtrs
Contributions from non-controlling interest recorded as long-term liability	`ProceedsFromMinorityShareholders`	-	USD	3 Qtrs
Contributions from non-controlling interest recorded as long-term liability	`ProceedsFromMinorityShareholders`	$322.75K	USD	3 Qtrs
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	$193.51K	USD	3 Qtrs
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	-	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.40M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.34M	USD	3 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.44M	USD	3 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.00M	USD	3 Qtrs
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`	$48.06M	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`	$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`	$48.06M	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`	$53.06M	USD	Point-in-time
Deferred consideration related to acquisition of non-controlling interest	`BusinessCombinationDeferredConsiderationTransferredNonControllingInterest`	-	USD	3 Qtrs
Deferred consideration related to acquisition of non-controlling interest	`BusinessCombinationDeferredConsiderationTransferredNonControllingInterest`	$7.50M	USD	3 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.56M	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`	$56.11M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.06M	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`	$53.06M	USD	Point-in-time

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$227.15M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$240.97M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.37M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.69M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$246.89M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$243.07M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$391.70K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$320.46K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.92M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.37M	USD	3 Qtrs
Acquisition of Non-Controlling Interest	`NoncontrollingInterestDecreaseFromBusinessCombination`	$22.50M	USD	3 Qtrs
Acquisition of Non-Controlling Interest	`NoncontrollingInterestDecreaseFromBusinessCombination`	$22.50M	USD	1 Quarter
Acquisition of Non-Controlling Interest	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-136.15K	USD	3 Qtrs
Acquisition of Non-Controlling Interest	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-154.13K	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`	$10.42M	USD	1 Quarter
Net Income	`ProfitLoss`	$8.29M	USD	1 Quarter
Net Income	`ProfitLoss`	$20.06M	USD	3 Qtrs
Net Income	`ProfitLoss`	$4.81M	USD	3 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$227.15M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$240.97M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$233.37M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$237.69M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$246.89M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$243.07M	USD	Point-in-time

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