10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q1 2025

Filing Information

Form Type	10-Q
Accession Number	`0001606909-25-000114`
Period End Date	20250331
Filing Date	20250512
Fiscal Year	2025
Fiscal Period	Q1
XBRL Instance	panl-20250331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 152 Income Statement 80 Cash Flow Statement 120 Stockholders Equity 32

Balance Sheet 152 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$6.62M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$6.62M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$5.49M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$5.49M	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, 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
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
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
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
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
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
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
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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	64.96M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	64.96M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	65.62M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	65.62M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.95M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	64.96M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	64.96M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.81M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	65.62M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	65.62M	shares	Point-in-time
Accounts receivable (net of allowance of $6,619,042 and $5,492,901 at March 31, 2025 and December 31, 2024, respectively)	`AccountsReceivableNetCurrent`	$47.92M	USD	Point-in-time
Accounts receivable (net of allowance of $6,619,042 and $5,492,901 at March 31, 2025 and December 31, 2024, respectively)	`AccountsReceivableNetCurrent`	$47.92M	USD	Point-in-time
Accounts receivable (net of allowance of $6,619,042 and $5,492,901 at March 31, 2025 and December 31, 2024, respectively)	`AccountsReceivableNetCurrent`	$42.37M	USD	Point-in-time
Accounts receivable (net of allowance of $6,619,042 and $5,492,901 at March 31, 2025 and December 31, 2024, respectively)	`AccountsReceivableNetCurrent`	$42.37M	USD	Point-in-time
Inventories	`InventoryNet`	$36.03M	USD	Point-in-time
Inventories	`InventoryNet`	$36.03M	USD	Point-in-time
Inventories	`InventoryNet`	$32.85M	USD	Point-in-time
Inventories	`InventoryNet`	$32.85M	USD	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.01M	USD	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.01M	USD	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$29.97M	USD	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$29.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$191.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$191.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$175.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$175.90M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$707.83M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$707.83M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$705.35M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$705.35M	USD	Point-in-time
Right of use assets, net	`FinanceLeaseRightOfUseAsset`	$28.34M	USD	Point-in-time
Right of use assets, net	`FinanceLeaseRightOfUseAsset`	$28.34M	USD	Point-in-time
Right of use assets, net	`FinanceLeaseRightOfUseAsset`	$28.77M	USD	Point-in-time
Right of use assets, net	`FinanceLeaseRightOfUseAsset`	$28.77M	USD	Point-in-time
Goodwill	`Goodwill`	$3.10M	USD	Point-in-time
Goodwill	`Goodwill`	$3.10M	USD	Point-in-time
Goodwill	`Goodwill`	$3.10M	USD	Point-in-time
Goodwill	`Goodwill`	$3.10M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.29M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.29M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.76M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.76M	USD	Point-in-time
Total assets	`Assets`	$936.46M	USD	Point-in-time
Total assets	`Assets`	$936.46M	USD	Point-in-time
Total assets	`Assets`	$917.99M	USD	Point-in-time
Total assets	`Assets`	$917.99M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$46.58M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$46.58M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$43.06M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$43.06M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$15.45M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$15.45M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$19.29M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$19.29M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$16.62M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$16.62M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$16.58M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$16.58M	USD	Point-in-time
Current portion of financing obligations	`LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities`	$25.27M	USD	Point-in-time
Current portion of financing obligations	`LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities`	$25.27M	USD	Point-in-time
Current portion of financing obligations	`LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities`	$25.35M	USD	Point-in-time
Current portion of financing obligations	`LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities`	$25.35M	USD	Point-in-time
Current portion of lease liabilities	`FinanceLeaseLiabilityCurrent`	$2.84M	USD	Point-in-time
Current portion of lease liabilities	`FinanceLeaseLiabilityCurrent`	$2.84M	USD	Point-in-time
Current portion of lease liabilities	`FinanceLeaseLiabilityCurrent`	$2.84M	USD	Point-in-time
Current portion of lease liabilities	`FinanceLeaseLiabilityCurrent`	$2.84M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$1.21M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$1.21M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$1.05M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$1.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.11M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$112.72M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$112.72M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$108.73M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$108.73M	USD	Point-in-time
Financing Obligations, net	`ContractualObligation`	$223.38M	USD	Point-in-time
Financing Obligations, net	`ContractualObligation`	$223.38M	USD	Point-in-time
Financing Obligations, net	`ContractualObligation`	$229.53M	USD	Point-in-time
Financing Obligations, net	`ContractualObligation`	$229.53M	USD	Point-in-time
Finance lease liabilities, net	`FinanceLeaseLiabilityNoncurrent`	$10.43M	USD	Point-in-time
Finance lease liabilities, net	`FinanceLeaseLiabilityNoncurrent`	$10.43M	USD	Point-in-time
Finance lease liabilities, net	`FinanceLeaseLiabilityNoncurrent`	$9.73M	USD	Point-in-time
Finance lease liabilities, net	`FinanceLeaseLiabilityNoncurrent`	$9.73M	USD	Point-in-time
Commitments and contingencies - Note 9	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies - Note 9	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies - Note 9	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies - Note 9	`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
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; 65,621,562 shares issued and outstanding at March 31, 2025; 64,961,433 shares issued and outstanding at December 31, 2024	`CommonStockValue`	$6.56K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 65,621,562 shares issued and outstanding at March 31, 2025; 64,961,433 shares issued and outstanding at December 31, 2024	`CommonStockValue`	$6.56K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 65,621,562 shares issued and outstanding at March 31, 2025; 64,961,433 shares issued and outstanding at December 31, 2024	`CommonStockValue`	$6.50K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 65,621,562 shares issued and outstanding at March 31, 2025; 64,961,433 shares issued and outstanding at December 31, 2024	`CommonStockValue`	$6.50K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$260.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$260.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$258.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$258.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$169.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$169.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$160.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$160.60M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$427.82M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$427.82M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$420.80M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$420.80M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$46.35M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$46.35M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$46.84M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$46.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$379.31M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$379.31M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$474.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$474.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$467.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$467.15M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$936.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$936.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$917.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$917.99M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$104.75M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$104.75M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$122.80M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$122.80M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$60.31M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$60.31M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$37.11M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$37.11M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$17.64M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$17.64M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$27.14M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$27.14M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$12.67M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$12.67M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$22.18M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$22.18M	USD	1 Quarter
Terminal & Stevedore Expenses	`TerminalStevedoreExpenses`	$2.55M	USD	1 Quarter
Terminal & Stevedore Expenses	`TerminalStevedoreExpenses`	$2.55M	USD	1 Quarter
Terminal & Stevedore Expenses	`TerminalStevedoreExpenses`	$2.08M	USD	1 Quarter
Terminal & Stevedore Expenses	`TerminalStevedoreExpenses`	$2.08M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.27M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.27M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.28M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.28M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$9.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$9.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$7.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$7.44M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$119.88M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$119.88M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$93.72M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$93.72M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.03M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.03M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.93M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.93M	USD	1 Quarter
Interest and Other Income	`InterestAndOtherIncome`	$875.08K	USD	1 Quarter
Interest and Other Income	`InterestAndOtherIncome`	$875.08K	USD	1 Quarter
Interest and Other Income	`InterestAndOtherIncome`	$444.38K	USD	1 Quarter
Interest and Other Income	`InterestAndOtherIncome`	$444.38K	USD	1 Quarter
Unrealized gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$5.08M	USD	1 Quarter
Unrealized gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$5.08M	USD	1 Quarter
Unrealized gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$183.54K	USD	1 Quarter
Unrealized gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$183.54K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$392.91K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$392.91K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$343.92K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$343.92K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-5.13M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-5.13M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$1.64M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$1.64M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-2.20M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-2.20M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$12.67M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$12.67M	USD	1 Quarter
Loss (income) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-217.80K	USD	1 Quarter
Loss (income) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-217.80K	USD	1 Quarter
Loss (income) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$991.46K	USD	1 Quarter
Loss (income) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$991.46K	USD	1 Quarter
Net (loss) income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$-1.98M	USD	1 Quarter
Net (loss) income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$-1.98M	USD	1 Quarter
Net (loss) income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$11.67M	USD	1 Quarter
Net (loss) income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$11.67M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	45.21M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	45.21M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	63.85M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	63.85M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.85M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.85M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.91M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.91M	shares	1 Quarter

Cash Flow Statement 120 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-2.20M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-2.20M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$12.67M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$12.67M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$9.92M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$9.92M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$7.44M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$7.44M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$205.47K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$205.47K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$311.56K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$311.56K	USD	1 Quarter
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$30.47K	USD	1 Quarter
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$30.47K	USD	1 Quarter
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$29.94K	USD	1 Quarter
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$29.94K	USD	1 Quarter
Unrealized Gain (Loss) on Derivatives	`UnrealizedGainLossOnDerivatives`	$5.08M	USD	1 Quarter
Unrealized Gain (Loss) on Derivatives	`UnrealizedGainLossOnDerivatives`	$5.08M	USD	1 Quarter
Unrealized Gain (Loss) on Derivatives	`UnrealizedGainLossOnDerivatives`	$183.54K	USD	1 Quarter
Unrealized Gain (Loss) on Derivatives	`UnrealizedGainLossOnDerivatives`	$183.54K	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$343.92K	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$343.92K	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$392.91K	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$392.91K	USD	1 Quarter
Earnings attributable to non-controlling interest recorded as other long-term liability	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	-	USD	1 Quarter
Earnings attributable to non-controlling interest recorded as other long-term liability	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	-	USD	1 Quarter
Earnings attributable to non-controlling interest recorded as other long-term liability	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$815.10K	USD	1 Quarter
Earnings attributable to non-controlling interest recorded as other long-term liability	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$815.10K	USD	1 Quarter
Accounts Receivable, Credit Loss Expense (Reversal)	`ProvisionForDoubtfulAccounts`	$1.16M	USD	1 Quarter
Accounts Receivable, Credit Loss Expense (Reversal)	`ProvisionForDoubtfulAccounts`	$1.16M	USD	1 Quarter
Accounts Receivable, Credit Loss Expense (Reversal)	`ProvisionForDoubtfulAccounts`	$358.08K	USD	1 Quarter
Accounts Receivable, Credit Loss Expense (Reversal)	`ProvisionForDoubtfulAccounts`	$358.08K	USD	1 Quarter
Drydocking costs	`PaymentForDrydockingCosts`	$1.27M	USD	1 Quarter
Drydocking costs	`PaymentForDrydockingCosts`	$1.27M	USD	1 Quarter
Drydocking costs	`PaymentForDrydockingCosts`	$6.45M	USD	1 Quarter
Drydocking costs	`PaymentForDrydockingCosts`	$6.45M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.53M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.53M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.14M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.14M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.54M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.54M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.70M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.18M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.18M	USD	1 Quarter
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.85M	USD	1 Quarter
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.85M	USD	1 Quarter
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.21M	USD	1 Quarter
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.21M	USD	1 Quarter
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-1.19M	USD	1 Quarter
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-1.19M	USD	1 Quarter
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-3.26M	USD	1 Quarter
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-3.26M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.86M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.86M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$3.84M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$3.84M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.00M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.00M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.36M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.36M	USD	1 Quarter
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$130.00K	USD	1 Quarter
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$130.00K	USD	1 Quarter
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$58.16K	USD	1 Quarter
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$58.16K	USD	1 Quarter
Purchase of fixed assets and equipment	`PaymentsToAcquireAndWriteOffOfProductiveAssets`	$73.62K	USD	1 Quarter
Purchase of fixed assets and equipment	`PaymentsToAcquireAndWriteOffOfProductiveAssets`	$73.62K	USD	1 Quarter
Purchase of fixed assets and equipment	`PaymentsToAcquireAndWriteOffOfProductiveAssets`	$402.11K	USD	1 Quarter
Purchase of fixed assets and equipment	`PaymentsToAcquireAndWriteOffOfProductiveAssets`	$402.11K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-203.62K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-203.62K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-460.27K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-460.27K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$3.36M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$3.36M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$4.13M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$4.13M	USD	1 Quarter
Payments of financing obligations	`FinanceLeasePrincipalPayments`	$2.87M	USD	1 Quarter
Payments of financing obligations	`FinanceLeasePrincipalPayments`	$2.87M	USD	1 Quarter
Payments of financing obligations	`FinanceLeasePrincipalPayments`	$6.19M	USD	1 Quarter
Payments of financing obligations	`FinanceLeasePrincipalPayments`	$6.19M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$6.73M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$6.73M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$4.87M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$4.87M	USD	1 Quarter
Payments to non-controlling interest	`PaymentsToMinorityShareholders`	-	USD	1 Quarter
Payments to non-controlling interest	`PaymentsToMinorityShareholders`	-	USD	1 Quarter
Payments to non-controlling interest	`PaymentsToMinorityShareholders`	$275.00K	USD	1 Quarter
Payments to non-controlling interest	`PaymentsToMinorityShareholders`	$275.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.04M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.04M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.96M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.96M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.16M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.16M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-22.86M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-22.86M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.04M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.04M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.95M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.95M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$95.87M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$95.87M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.81M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.81M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.04M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.04M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.95M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.95M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$95.87M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$95.87M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.81M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.81M	USD	Point-in-time
Repayments of Other Long-term Debt	`RepaymentsOfOtherLongTermDebt`	$856.80K	USD	1 Quarter
Repayments of Other Long-term Debt	`RepaymentsOfOtherLongTermDebt`	$856.80K	USD	1 Quarter
Repayments of Other Long-term Debt	`RepaymentsOfOtherLongTermDebt`	$710.94K	USD	1 Quarter
Repayments of Other Long-term Debt	`RepaymentsOfOtherLongTermDebt`	$710.94K	USD	1 Quarter

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$379.31M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$379.31M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.20M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.20M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$474.66M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$474.66M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$467.15M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$467.15M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.14M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.14M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.53M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.53M	USD	1 Quarter
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Common Stock Dividend	`DividendsCommonStock`	$6.84M	USD	1 Quarter
Common Stock Dividend	`DividendsCommonStock`	$6.84M	USD	1 Quarter
Common Stock Dividend	`DividendsCommonStock`	$4.69M	USD	1 Quarter
Common Stock Dividend	`DividendsCommonStock`	$4.69M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-2.20M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-2.20M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$12.67M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$12.67M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$379.31M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$379.31M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.20M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.20M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$474.66M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$474.66M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$467.15M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$467.15M	USD	Point-in-time

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