$PANL
Pangaea Logistics Solutions Ltd. Stock $panl

$panl Overview Financials Valuation SEC Filings Company Website

2015 Q4 Form 10-K Financial Statement

#000160690916000185 Filed on March 23, 2016

Income Statement

Concept	2015 Q4	2014 Q4	2014 Q3
Revenue	$55.93M	$103.1M	$91.21M
YoY Change	-45.74%
Cost Of Revenue	$37.30M
YoY Change
Gross Profit	$18.70M
YoY Change
Gross Profit Margin	33.44%
Selling, General & Admin	$3.100M
YoY Change
% of Gross Profit	16.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.270M	$11.67M
YoY Change	-71.98%
% of Gross Profit	17.49%
Operating Expenses	$57.21M	$117.1M	$93.10M
YoY Change	-51.14%	116999.8%
Operating Profit	-$1.288M	-$14.02M	-$1.892M
YoY Change	-90.82%
Interest Expense	$1.236M	$1.305M	$1.348M
YoY Change	-5.34%
% of Operating Profit
Other Income/Expense, Net	-$1.101M	-$3.701M	$83.80K
YoY Change	-70.26%
Pretax Income	-$4.800M
YoY Change
Income Tax	$0.00
% Of Pretax Income
Net Earnings	-$4.787M	-$17.04M	-$2.910M
YoY Change	-71.91%	16942.05%
Net Earnings / Revenue	-8.56%	-16.53%	-3.19%
Basic Earnings Per Share	-$0.14	-$0.86	-$0.42
Diluted Earnings Per Share	-$0.14	-$0.86	-$0.42
COMMON SHARES
Basic Shares Outstanding	35.05M shares	34.76M shares	13.42M shares
Diluted Shares Outstanding	35.38M shares	34.76M shares	13.42M shares

Balance Sheet

Concept	2015 Q4	2014 Q4	2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$37.50M	$29.80M
YoY Change	25.84%	5860.0%
Cash & Equivalents	$37.52M	$29.82M	$20.16M
Short-Term Investments
Other Short-Term Assets	$1.004M	$1.794M
YoY Change	-44.06%	-47.85%
Inventory	$7.491M	$15.60M
Prepaid Expenses	$537.2K	$427.9K
Receivables	$19.62M	$27.36M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$69.31M	$84.87M
YoY Change	-18.34%	-13.45%
LONG-TERM ASSETS
Property, Plant & Equipment	$255.1M	$207.7M
YoY Change	22.86%	5.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$0.00	$646.5K
YoY Change	-100.0%	-80.13%
Total Long-Term Assets	$297.7M	$246.8M
YoY Change	20.61%	6.23%
TOTAL ASSETS
Total Short-Term Assets	$69.31M	$84.87M
Total Long-Term Assets	$297.7M	$246.8M
Total Assets	$367.0M	$331.7M
YoY Change	10.64%	0.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$14.06M	$33.54M
YoY Change	-58.06%	-14.45%
Accrued Expenses	$5.233M	$4.652M
YoY Change	12.5%	21.15%
Deferred Revenue
YoY Change
Short-Term Debt	$13.30M	$59.10M
YoY Change	-77.5%
Long-Term Debt Due	$19.50M	$17.80M
YoY Change	9.55%
Total Short-Term Liabilities	$72.15M	$144.7M
YoY Change	-50.13%	29.31%
LONG-TERM LIABILITIES
Long-Term Debt	$129.5M	$86.60M
YoY Change	49.54%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$129.5M	$86.60M
YoY Change	49.54%
TOTAL LIABILITIES
Total Short-Term Liabilities	$72.15M	$144.7M
Total Long-Term Liabilities	$129.5M	$86.60M
Total Liabilities	$258.8M	$233.8M
YoY Change	10.69%
SHAREHOLDERS EQUITY
Retained Earnings	-$24.87M	-$36.14M
YoY Change	-31.2%	509.09%
Common Stock	$3.650K	$3.476K
YoY Change	5.01%	159.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$108.2M	$97.82M
YoY Change
Total Liabilities & Shareholders Equity	$367.0M	$331.7M
YoY Change	10.64%	0.39%

Cashflow Statement

Concept	2015 Q4	2014 Q4	2014 Q3
OPERATING ACTIVITIES
Net Income	-$4.787M	-$17.04M	-$2.910M
YoY Change	-71.91%	16942.05%
Depreciation, Depletion And Amortization	$3.270M	$11.67M
YoY Change	-71.98%
Cash From Operating Activities	$7.980M	$20.16M
YoY Change	-60.42%	-16900.0%
INVESTING ACTIVITIES
Capital Expenditures	$10.00K	-$44.48M
YoY Change	-100.02%
Acquisitions
YoY Change
Other Investing Activities	-$23.09M	$10.14M
YoY Change	-327.71%	-110.3%
Cash From Investing Activities	-$23.10M	-$34.34M
YoY Change	-32.73%	-65.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	18.43M	25.47M
YoY Change	-27.64%	-74.29%
NET CHANGE
Cash From Operating Activities	7.980M	20.16M
Cash From Investing Activities	-23.10M	-34.34M
Cash From Financing Activities	18.43M	25.47M
Net Change In Cash	3.310M	11.29M
YoY Change	-70.68%	2302.13%
FREE CASH FLOW
Cash From Operating Activities	$7.980M	$20.16M
Capital Expenditures	$10.00K	-$44.48M
Free Cash Flow	$7.970M	$64.64M
YoY Change	-87.67%

Facts In Submission

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CY2015	dei	Document Type DocumentType	10-K
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CY2014	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	11668128	USD
CY2015Q1	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	2990594	USD
CY2015Q2	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	3271238	USD
CY2015Q3	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	3195437	USD
CY2015Q4	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	3273603	USD
CY2015	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	12730872	USD
CY2014	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	0	USD
CY2015	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	51853310	USD
CY2014Q4	us-gaap	Deferred Finance Costs Gross DeferredFinanceCostsGross	4397950	USD
CY2015Q4	us-gaap	Deferred Finance Costs Gross DeferredFinanceCostsGross	5275238	USD
CY2014Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	1755530	USD
CY2015Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	2145266	USD
CY2014Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	11748926	USD
CY2015Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	4448795	USD
CY2014	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	11668128	USD
CY2015	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	12730872	USD
CY2014	us-gaap	Derivative Inception Dates DerivativeInceptionDates	2011-02-01
CY2015	us-gaap	Derivative Inception Dates DerivativeInceptionDates	2011-02-01
CY2014	us-gaap	Derivative Maturity Dates DerivativeMaturityDates	2021-01-24
CY2015	us-gaap	Derivative Maturity Dates DerivativeMaturityDates	2021-01-24
CY2014Q4	us-gaap	Derivative Number Of Instruments Held DerivativeNumberOfInstrumentsHeld	1
CY2015Q4	us-gaap	Derivative Number Of Instruments Held DerivativeNumberOfInstrumentsHeld	1	swap
CY2014Q4	us-gaap	Development In Process DevelopmentInProcess	38471430	USD
CY2015Q4	us-gaap	Development In Process DevelopmentInProcess	42505783	USD
CY2014	us-gaap	Dividends Dividends	6303747	USD
CY2015	us-gaap	Dividends Dividends	0	USD
CY2014	us-gaap	Dividends Cash DividendsCash	100000	USD
CY2015	us-gaap	Dividends Cash DividendsCash	100000	USD
CY2014	us-gaap	Dividends Paidinkind DividendsPaidinkind	16556425	USD
CY2014Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	12824825	USD
CY2015Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	12724825	USD
CY2013Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	23177503	USD
CY2014Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	12824825	USD
CY2015Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	12724825	USD
CY2014	us-gaap	Dividends Preferred Stock DividendsPreferredStock	6303747	USD
CY2015	us-gaap	Dividends Preferred Stock DividendsPreferredStock	0	USD
CY2014Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	59102077	USD
CY2015Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	13321419	USD
CY2014Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.17
CY2014Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.04
CY2014Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.42
CY2014Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.86
CY2014	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.61
CY2015Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.22
CY2015Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.16
CY2015Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.09
CY2015Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.14
CY2015	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.32
CY2014Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.17
CY2014Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.04
CY2014Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.42
CY2014Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.86
CY2014	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.61
CY2015Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.22
CY2015Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.16
CY2015Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.09
CY2015Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.14
CY2015	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.32
CY2014	us-gaap	Extinguishment Of Debt Amount ExtinguishmentOfDebtAmount	198000	USD
CY2015	us-gaap	Extinguishment Of Debt Amount ExtinguishmentOfDebtAmount	11000	USD
CY2015Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3595398	USD
CY2015Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3136254	USD
CY2015	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	14966463	USD
CY2014	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-265443	USD
CY2015	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-100861	USD
CY2014	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	364000	USD
CY2015	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	373000	USD
CY2014	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	3947600	USD
CY2015	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	-638638	USD
CY2014Q1	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	0	USD
CY2014Q2	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	-2286232	USD
CY2014Q3	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	-1661368	USD
CY2014Q4	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	0	USD
CY2014	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	3947600	USD
CY2015Q1	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	88868	USD
CY2015Q2	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	477888	USD
CY2015Q3	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	71882	USD
CY2015Q4	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	0	USD
CY2015	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	-638638	USD
CY2014Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2576285	USD
CY2014Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2352591	USD
CY2014Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2790350	USD
CY2014Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5112104	USD
CY2014	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12831330	USD
CY2015Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4318692	USD
CY2015Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3916119	USD
CY2014	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-14561418	USD
CY2015	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-6769321	USD
CY2014	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-4406572	USD
CY2015	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-7300131	USD
CY2014	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-5470533	USD
CY2015	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-8111069	USD
CY2014	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-4291713	USD
CY2015	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-3852662	USD
CY2014	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	500000	USD
CY2015	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	1003341	USD
CY2014Q1	us-gaap	Interest Expense InterestExpense	1515879	USD
CY2014Q2	us-gaap	Interest Expense InterestExpense	1474773	USD
CY2014Q3	us-gaap	Interest Expense InterestExpense	1348252	USD
CY2014Q4	us-gaap	Interest Expense InterestExpense	1305153	USD
CY2014	us-gaap	Interest Expense InterestExpense	5644057	USD
CY2015Q1	us-gaap	Interest Expense InterestExpense	1410771	USD
CY2015Q2	us-gaap	Interest Expense InterestExpense	1279933	USD
CY2015Q3	us-gaap	Interest Expense InterestExpense	1493536	USD
CY2015Q4	us-gaap	Interest Expense InterestExpense	1235515	USD
CY2015	us-gaap	Interest Expense InterestExpense	5419755	USD
CY2014Q1	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	42128	USD
CY2014Q2	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	20234	USD
CY2014Q3	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	108422	USD
CY2014Q4	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	92864	USD
CY2014	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	263648	USD
CY2015Q1	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	114966	USD
CY2015Q2	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	110763	USD
CY2015Q3	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	110764	USD
CY2015Q4	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	99072	USD
CY2015	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	435565	USD
CY2014	us-gaap	Interest Paid InterestPaid	5112858	USD
CY2015	us-gaap	Interest Paid InterestPaid	5407613	USD
CY2014Q4	us-gaap	Interest Payable Current InterestPayableCurrent	540862	USD
CY2015Q4	us-gaap	Interest Payable Current InterestPayableCurrent	455818	USD
CY2014Q4	us-gaap	Inventory Net InventoryNet	15601659	USD
CY2015Q4	us-gaap	Inventory Net InventoryNet	7490590	USD
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	331659000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	366962996	USD
CY2014Q4	us-gaap	Liabilities Current LiabilitiesCurrent	144685296	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	72150503	USD
CY2014Q4	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	3000000	USD
CY2015Q4	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	0	USD
CY2015Q4	us-gaap	Long Term Debt LongTermDebt	151140681	USD
CY2014Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	45960663	USD
CY2015Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	28560879	USD
CY2015Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	55731961	USD
CY2015Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	19499262	USD
CY2015Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	20277444	USD
CY2015Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	18480107	USD
CY2015Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	21004294	USD
CY2015Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	16147613	USD
CY2014Q4	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	42044477	USD
CY2015Q4	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	28320101	USD
CY2014Q4	us-gaap	Minority Interest MinorityInterest	2531359	USD
CY2015Q4	us-gaap	Minority Interest MinorityInterest	57103815	USD
CY2014	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	16756054	USD
CY2015	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	504210	USD
CY2015	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	204467	USD
CY2014Q4	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	24238756	USD
CY2015Q4	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	28491872	USD
CY2014	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	25472340	USD
CY2015	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	45742433	USD
CY2014	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-34297437	USD
CY2015	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-64048818	USD
CY2015	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	26009118	USD
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	6593285	USD
CY2014	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	19714677	USD
CY2014Q2	us-gaap	Net Income Loss NetIncomeLoss	1229925	USD
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	-2909607	USD
CY2014Q4	us-gaap	Net Income Loss NetIncomeLoss	-17042053	USD
CY2014	us-gaap	Net Income Loss NetIncomeLoss	-12128449	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	7599929	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	5460637	USD
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	3002669	USD
CY2015Q4	us-gaap	Net Income Loss NetIncomeLoss	-4787042	USD
CY2015	us-gaap	Net Income Loss NetIncomeLoss	11276193	USD
CY2014Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1064007	USD
CY2014Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	491748	USD
CY2014Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	906822	USD
CY2014Q4	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1184934	USD
CY2014	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1519497	USD
CY2015Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1729730	USD
CY2015Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-569227	USD
CY2015Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	221895	USD
CY2015Q4	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-13832	USD
CY2015	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	2090894	USD
CY2014	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-30208857	USD
CY2015	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	11276193	USD
CY2014Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-150000	USD
CY2014Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	74227	USD
CY2014Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	83803	USD
CY2014Q4	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-3701148	USD
CY2014	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-3693118	USD
CY2015Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	83149	USD
CY2015Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	60935	USD
CY2015Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	30000	USD
CY2015Q4	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1100843	USD
CY2015	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-926759	USD
CY2014Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	4037850	USD
CY2015Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	1254985	USD
CY2014Q1	us-gaap	Operating Expenses OperatingExpenses	104153074	USD
CY2014Q2	us-gaap	Operating Expenses OperatingExpenses	86419950	USD
CY2014Q3	us-gaap	Operating Expenses OperatingExpenses	93097423	USD
CY2014Q4	us-gaap	Operating Expenses OperatingExpenses	117099803	USD
CY2014	us-gaap	Operating Expenses OperatingExpenses	400770250	USD
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	85166996	USD
CY2015Q2	us-gaap	Operating Expenses OperatingExpenses	58106243	USD
CY2015Q3	us-gaap	Operating Expenses OperatingExpenses	66319413	USD
CY2015Q4	us-gaap	Operating Expenses OperatingExpenses	57214159	USD
CY2015	us-gaap	Operating Expenses OperatingExpenses	266806811	USD
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	10059804	USD
CY2014Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	3359291	USD
CY2014Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-1892204	USD
CY2014Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-14020936	USD
CY2014	us-gaap	Operating Income Loss OperatingIncomeLoss	-2494045	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	9948792	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	6996529	USD
CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	4868752	USD
CY2015Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-1287643	USD
CY2015	us-gaap	Operating Income Loss OperatingIncomeLoss	20526430	USD
CY2014Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	1471276	USD
CY2015Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	2402650	USD
CY2014Q4	us-gaap	Other Assets Current OtherAssetsCurrent	1794386	USD
CY2015Q4	us-gaap	Other Assets Current OtherAssetsCurrent	1003800	USD
CY2014Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	646537	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	0	USD
CY2014Q4	us-gaap	Other Long Term Debt Current OtherLongTermDebtCurrent	17807674	USD
CY2015Q4	us-gaap	Other Long Term Debt Current OtherLongTermDebtCurrent	19499262	USD
CY2014Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-2402512	USD
CY2014Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-2621114	USD
CY2014Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1924225	USD
CY2014Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-4206051	USD
CY2014	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-11153901	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-619133	USD
CY2015Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-966665	USD
CY2015Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-2087978	USD
CY2015Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-3485567	USD
CY2015	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-7159343	USD
CY2014	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	484380	USD
CY2015	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	1178310	USD
CY2014	us-gaap	Payments For Merger Related Costs PaymentsForMergerRelatedCosts	1853753	USD
CY2015	us-gaap	Payments For Merger Related Costs PaymentsForMergerRelatedCosts	0	USD
CY2014	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	0	USD
CY2015	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	567883	USD
CY2014	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	100000	USD
CY2015	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	100000	USD
CY2014	us-gaap	Payments To Acquire Buildings PaymentsToAcquireBuildings	13101430	USD
CY2015	us-gaap	Payments To Acquire Buildings PaymentsToAcquireBuildings	27209306	USD
CY2014	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	0	USD
CY2015	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	250000	USD
CY2014	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	560955	USD
CY2015	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	55128	USD
CY2014Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2014Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2014Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2014Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2014Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2014Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	6568234	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2679292	USD
CY2014Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	427889	USD
CY2015Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	537192	USD
CY2014	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	35500000	USD
CY2015	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	67500000	USD
CY2014	us-gaap	Proceeds From Issuance Of Redeemable Convertible Preferred Stock ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock	0	USD
CY2015	us-gaap	Property Plant And Equipment Useful Life PropertyPlantAndEquipmentUsefulLife	P5Y
CY2014	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	2765000	USD
CY2014	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	2764836	USD
CY2015	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	974952	USD
CY2015	us-gaap	Proceeds From Issuance Of Redeemable Convertible Preferred Stock ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock	-3000000	USD
CY2014	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	17651149	USD
CY2015	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	6853336	USD
CY2014Q1	us-gaap	Profit Loss ProfitLoss	7657292	USD
CY2014Q2	us-gaap	Profit Loss ProfitLoss	738177	USD
CY2014Q3	us-gaap	Profit Loss ProfitLoss	-3816429	USD
CY2014Q4	us-gaap	Profit Loss ProfitLoss	-18226987	USD
CY2014	us-gaap	Profit Loss ProfitLoss	-13647946	USD
CY2015Q1	us-gaap	Profit Loss ProfitLoss	9329659	USD
CY2015Q2	us-gaap	Profit Loss ProfitLoss	6029864	USD
CY2015Q3	us-gaap	Profit Loss ProfitLoss	2780774	USD
CY2015Q4	us-gaap	Profit Loss ProfitLoss	-4773210	USD
CY2015	us-gaap	Profit Loss ProfitLoss	13367087	USD
CY2014Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3656308	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3743576	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	207667613	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	255145807	USD
CY2014Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	2977746	USD
CY2015Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	2828828	USD
CY2015	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	975000	USD
CY2014	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	30051021	USD
CY2015	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	22548460	USD
CY2014	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	225291	USD
CY2015	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	1216250	USD
CY2014Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	1000000	USD
CY2015Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	2003341	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-36142727	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-24866534	USD
CY2014Q1	us-gaap	Revenues Revenues	114212878	USD
CY2014Q2	us-gaap	Revenues Revenues	89779241	USD
CY2014Q3	us-gaap	Revenues Revenues	91205219	USD
CY2014Q4	us-gaap	Revenues Revenues	103078867	USD
CY2014	us-gaap	Revenues Revenues	398276205	USD
CY2015Q1	us-gaap	Revenues Revenues	95115788	USD
CY2015Q2	us-gaap	Revenues Revenues	65102772	USD
CY2015Q3	us-gaap	Revenues Revenues	71188165	USD
CY2015Q4	us-gaap	Revenues Revenues	55926516	USD
CY2015	us-gaap	Revenues Revenues	287333241	USD
CY2014Q4	us-gaap	Secured Debt SecuredDebt	106189355	USD
CY2015Q4	us-gaap	Secured Debt SecuredDebt	151140681	USD
CY2014Q4	us-gaap	Secured Debt Current SecuredDebtCurrent	17807674	USD
CY2015Q4	us-gaap	Secured Debt Current SecuredDebtCurrent	19499262	USD
CY2014Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	86626151	USD
CY2015Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	129496153	USD
CY2014	us-gaap	Share Based Compensation ShareBasedCompensation	1800	USD
CY2014Q4	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	1000
CY2015Q4	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	1000
CY2014Q4	us-gaap	Temporary Equity Shares Authorized TemporaryEquitySharesAuthorized	112500	shares
CY2015Q4	us-gaap	Temporary Equity Shares Authorized TemporaryEquitySharesAuthorized	112500	shares
CY2014Q4	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	0	shares
CY2015Q4	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	0	shares
CY2014	us-gaap	Share Based Compensation ShareBasedCompensation	1816	USD
CY2015	us-gaap	Share Based Compensation ShareBasedCompensation	457000	USD
CY2015	us-gaap	Share Based Compensation ShareBasedCompensation	457068	USD
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	1500000	shares
CY2014Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue	4.75
CY2015Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue	2.45
CY2014	us-gaap	Stock Issued1 StockIssued1	4234015	USD
CY2015	us-gaap	Stock Issued1 StockIssued1	0	USD
CY2014	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	5027826	USD
CY2014	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	131569359	USD
CY2014	us-gaap	Stock Issued During Period Value Issued For Noncash Considerations StockIssuedDuringPeriodValueIssuedForNoncashConsiderations	2727409	USD
CY2014	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	1816	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	97816194	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	108212525	USD
CY2013Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	14637423	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	100347553	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	165316340	USD
CY2014Q4	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	0	shares
CY2015Q4	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	0	shares
CY2014Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	1755530	USD
CY2015Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	2145266	USD
CY2014	us-gaap	Unrealized Gain Loss On Cash Flow Hedging Instruments UnrealizedGainLossOnCashFlowHedgingInstruments	-1230132	USD
CY2015	us-gaap	Unrealized Gain Loss On Cash Flow Hedging Instruments UnrealizedGainLossOnCashFlowHedgingInstruments	-377264	USD
CY2014Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-371558	USD
CY2014Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-1200334	USD
CY2014Q3	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-551354	USD
CY2014Q4	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	893114	USD
CY2014	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-1230132	USD
CY2015Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	823455	USD
CY2015Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	363096	USD
CY2015Q3	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-513678	USD
CY2015Q4	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-1050137	USD
CY2015	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-377264	USD
CY2014Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13421955	shares
CY2014Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13421955	shares
CY2014Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13421955	shares
CY2014Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	34756980	shares
CY2014	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	18726308	shares
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	34695930	shares
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	34887177	shares
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	35004808	shares
CY2015Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	35382734	shares
CY2015	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	34957542	shares
CY2014Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13421955	shares
CY2014Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13421955	shares
CY2014Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13421955	shares
CY2014Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	34756980	shares
CY2014	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	18726308	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	34696980	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	34696980	shares
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	34696980	shares
CY2015Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35045132	shares
CY2015	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	34784733	shares
CY2014	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	274000	USD
CY2015	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	26000	USD
CY2015	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Concentrations of Credit Risk</font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash equivalents, trade receivables and derivative instruments. The Company maintains its cash accounts with various high-quality financial institutions in the United States, Germany, and Bermuda. The Company performs periodic evaluations of the relative credit standing of these financial institutions. The Company does not believe that significant concentration of credit risk exists with respect to these cash equivalents. Trade accounts receivable are recorded at the invoiced amount, and do not bear interest. The Company performs ongoing credit evaluations of its customers’ financial condition, but does not require collateral. Historically, credit risk with respect to trade accounts receivable has been considered minimal due to the long-standing relationships with significant customers, and their relative financial stability. However, current economic conditions could impact the collectibility of certain customers' trade receivables, which could have a material effect on the Company's results of operations. Derivative instruments are recorded at fair value. During the year ended December 31, 2014, the Company had losses relating to the bankruptcy of its counterparty to certain fuel swap contracts of approximately </font><font style="font-family:inherit;font-size:10pt;">$2,146,000</font><font style="font-family:inherit;font-size:10pt;">, which is included in other (expense) income in the consolidated statements of operations. The Company does not have any off-balance sheet credit exposure related to its customers.</font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> customers accounted for </font><font style="font-family:inherit;font-size:10pt;">59%</font><font style="font-family:inherit;font-size:10pt;"> of the Company’s trade accounts receivable. At </font><font style="font-family:inherit;font-size:10pt;">December 31, 2014</font><font style="font-family:inherit;font-size:10pt;">, there were </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> customers that accounted for </font><font style="font-family:inherit;font-size:10pt;">35%</font><font style="font-family:inherit;font-size:10pt;"> of the Company’s trade accounts receivable.</font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;">, customers in each of the following countries accounted for at least </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> of accounts receivable; Canada (</font><font style="font-family:inherit;font-size:10pt;">41%</font><font style="font-family:inherit;font-size:10pt;">) and the United States (</font><font style="font-family:inherit;font-size:10pt;">35%</font><font style="font-family:inherit;font-size:10pt;">).     At </font><font style="font-family:inherit;font-size:10pt;">December 31, 2014</font><font style="font-family:inherit;font-size:10pt;">, customers in each of the following countries accounted for at least </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> of the Company’s accounts receivable; Canada (</font><font style="font-family:inherit;font-size:10pt;">33%</font><font style="font-family:inherit;font-size:10pt;">), the United States (</font><font style="font-family:inherit;font-size:10pt;">27%</font><font style="font-family:inherit;font-size:10pt;">), and Brazil (</font><font style="font-family:inherit;font-size:10pt;">11%</font><font style="font-family:inherit;font-size:10pt;">). </font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;">, revenue from customers in each of the following countries accounted for at least </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> of total revenue; the United States (</font><font style="font-family:inherit;font-size:10pt;">29%</font><font style="font-family:inherit;font-size:10pt;">), Canada (</font><font style="font-family:inherit;font-size:10pt;">15%</font><font style="font-family:inherit;font-size:10pt;">) and Switzerland (</font><font style="font-family:inherit;font-size:10pt;">13%</font><font style="font-family:inherit;font-size:10pt;">). For the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2014</font><font style="font-family:inherit;font-size:10pt;">, revenue from customers in each of the following countries accounted for at least </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> of total revenue; the United States (</font><font style="font-family:inherit;font-size:10pt;">21%</font><font style="font-family:inherit;font-size:10pt;">), Switzerland (</font><font style="font-family:inherit;font-size:10pt;">18%</font><font style="font-family:inherit;font-size:10pt;">) and Canada (</font><font style="font-family:inherit;font-size:10pt;">11%</font><font style="font-family:inherit;font-size:10pt;">). </font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> customer accounted for </font><font style="font-family:inherit;font-size:10pt;">13%</font><font style="font-family:inherit;font-size:10pt;"> of total revenue. On February 8, 2016, this customer filed for Chapter 11 bankruptcy protection. The Company continues to provide logistics services to the customer post-petition and has been compensated for services provided post-petition. The majority of pre-petition accounts receivable has been reserved for in accordance with the Company's allowance for doubtful accounts policy. The Company will continue to closely monitor the developments in the bankruptcy proceedings; however, we do not expect any disruption to services we provide under the contract as of the time of this filing. For the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2014</font><font style="font-family:inherit;font-size:10pt;">, no single customer accounted for 10% or more of total revenue.</font></div></div>
CY2015	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NATURE OF ORGANIZATION</font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements include the operations of Pangaea Logistics Solutions Ltd. and its wholly-owned subsidiaries (collectively referred to as “the Company”), as well as other entities consolidated pursuant to Accounting Standards Codification (“ASC”) 810, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Consolidation</font><font style="font-family:inherit;font-size:10pt;">. A summary of the Company’s consolidation policy is provided in Note 4. A summary of the Company’s variable interest entities is provided at Note 6. At </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, entities that are consolidated pursuant to ASC 810-10 include the following wholly-owned subsidiaries:</font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bulk Partners (Bermuda) Ltd. (“Bulk Partners”) – a corporation that was duly organized under the laws of the Bermuda. The primary purpose of this corporation is a holding company.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Phoenix Bulk Carriers (BVI) Limited (“PBC”) – a corporation that was duly organized under the laws of the British Virgin Islands. The primary purpose of this corporation is to manage and operate ocean-going vessels.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Phoenix Bulk Management Bermuda Limited (“PBM”) – a corporation that was duly organized under the laws of Bermuda. Certain of the administrative management functions of PBC have been assigned to PBM.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Americas Bulk Transport (BVI) Limited – a corporation that was duly organized under the laws of the British Virgin Islands. The primary purpose of this corporation is to charter ships.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bulk Ocean Shipping (Bermuda) Ltd. – a corporation that was duly organized under the laws of Bermuda. The primary purpose of this corporation is to manage the fuel procurement of the chartered vessels.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Phoenix Bulk Carriers (US) LLC – a corporation that duly organized under the laws of Delaware. The primary purpose of this corporation is to act as the U.S. administrative agent for the Company.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Allseas Logistics Bermuda Ltd. – a corporation that was duly organized under the laws of Bermuda. The primary purpose of this corporation is the Treasury Agent for the group of Companies.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bulk Pangaea Limited (“Bulk Pangaea”) – a corporation that was duly organized under the laws of Bermuda. Bulk Pangaea was established in September 2009 for the purpose of acquiring the m/v Bulk Pangaea.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bulk Discovery (Bermuda) Ltd. (“Bulk Discovery”) – a corporation that was duly organized under the laws of Bermuda. Bulk Discovery was established in February 2011 for the purpose of acquiring the m/v Bulk Discovery. The m/v Bulk Discovery was sold in August 2015 and Bulk Discovery was subsequently liquidated.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bulk Cajun Bermuda Ltd. (“Bulk Cajun”) – a corporation that was duly organized under the laws of Bermuda. Bulk Cajun was established in May 2011 for the purpose of acquiring the m/v Bulk Cajun. The Company sold the m/v Bulk Cajun in February 2015 and Bulk Cajun was subsequently liquidated. The liquidation included a distribution to the noncontrolling interest holders in Bulk Cajun of approximately </font><font style="font-family:inherit;font-size:10pt;">$0.5 million</font><font style="font-family:inherit;font-size:10pt;">.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bulk Patriot Ltd. (“Bulk Patriot”) – a corporation that was duly organized under the laws of Bermuda. Bulk Patriot was established in September 2011 for the purpose of acquiring the m/v Bulk Patriot.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bulk Juliana Ltd. (“Bulk Juliana”) – a corporation that was duly organized under the laws of Bermuda. Bulk Juliana was established in March 2012 for the purpose of acquiring the m/v Bulk Juliana.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bulk Trident Ltd. (“Bulk Trident”) – a corporation that was duly organized under the laws of Bermuda. Bulk Trident was established in August 2012 for the purpose of acquiring the m/v Bulk Trident.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bulk Atlantic Ltd. (“Bulk Beothuk”) – a corporation that was duly organized under the laws of Bermuda. Bulk Atlantic was established in February 2013 for the purpose of acquiring the m/v Bulk Beothuk.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bulk Providence Ltd. (“Bulk Providence”) – a corporation that was duly organized under the laws of Bermuda. Bulk Providence was established in May 2013 for the purpose of acquiring the m/v Bulk Providence. The m/v Bulk Providence was sold on May 27, 2014 and Bulk Providence was subsequently liquidated.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bulk Liberty Ltd. (“Bulk Liberty”) – a corporation that was duly organized under the laws of Bermuda. Bulk Liberty was established in April 2013 for the purpose of acquiring the m/v Bulk Liberty. The m/v Bulk Liberty was sold on July 4, 2014 and Bulk Liberty was subsequently liquidated.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bulk Phoenix Ltd. (“Bulk Phoenix”) – a corporation that was duly organized under the laws of Bermuda. Bulk Phoenix was established in July 2013 for the purpose of acquiring the m/v Bulk Newport.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nordic Bulk Barents Ltd. (“Bulk Barents”) – a corporation that was duly organized under the laws of Bermuda. Bulk Barents was established in November 2013 for the purpose of acquiring the m/v Nordic Barents.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nordic Bulk Bothnia Ltd. (“Bulk Bothnia”) – a corporation that was duly organized under the laws of Bermuda. Bulk Bothnia was established in November 2013 for the purpose of acquiring the m/v Nordic Bothnia.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109 Long Wharf LLC (“Long Wharf”) – a corporation that was duly organized under the laws of Delaware for the objective and purpose of holding real estate located in Newport, Rhode Island. Long Wharf was owned by two of the Company’s Founders until September 1, 2014, at which time ownership was transferred to the Company. Prior to the transfer, Long Wharf was heavily dependent on the Company to fund its operations. Accordingly, the Company has consolidated 100% of Long Wharf for the years ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nordic Bulk Holding ApS (“NBH”) – a corporation that was duly organized in March 2009 under the laws of Denmark. The primary purpose of this corporation is to manage and operate vessels through its wholly owned subsidiary Nordic Bulk Carriers AS (“NBC”). NBC specializes in ice trading, as well as the carriage of a wide range of commodities, including cement clinker, steel scrap, fertilizers, and grains. The Company owns </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of NBH at </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and owned </font><font style="font-family:inherit;font-size:10pt;">51%</font><font style="font-family:inherit;font-size:10pt;"> at December 31, 2014. The accompanying consolidated financial statements include the operations of NBH for the years ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, entities that are consolidated pursuant to ASC 810-10, but which are not wholly-owned, include the following: </font></div><div style="line-height:120%;text-align:justify;padding-left:61px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nordic Bulk Holding Company Ltd. (“NBHC”) - a corporation that was duly organized under the laws of Bermuda. NBHC was established in October 2012, for the purpose of owning Bulk Nordic Olympic Ltd. (“Bulk Olympic”) and Bulk Nordic Orion Ltd. (“Bulk Orion”) and to invest in additional vessels through its wholly-owned subsidiaries. At </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;"> the Company had one-third ownership interest in NBHC, the remainder of which is owned by third-parties. The operating results of NBHC are 100% dependent on transactions with related parties and affiliates. Accordingly, the Company has consolidated NBHC for the years ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015 and 2014</font><font style="font-family:inherit;font-size:10pt;">. Bulk Bulk Odyssey, Bulk Orion, Bulk Nordic Oshima Ltd. (“Bulk Oshima”), Bulk Nordic Olympic Ltd. (“Bulk Olympic”), Bulk Nordic Odin Ltd. (“Bulk Odin”) and Bulk Nordic Oasis Ltd. (“Bulk Oasis”), corporations duly organized under the laws of Bermuda between March 2012 and February 2015, are owned by NBHC. These entities were established for the purpose of owning m/v Nordic Odyssey, m/v Nordic Orion, m/v Nordic Oshima, m/v Nordic Olympic, m/v Nordic Odin and m/v Nordic Oasis, respectively.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:61px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:37px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nordic Bulk Ventures Holding Company Ltd. (“BVH”) – a corporation that was duly organized under the laws of Bermuda. BVH was established in August 2013, together with a third-party, for the purpose of owning Bulk Nordic Five Ltd. (“Five”) and Bulk Nordic Six Ltd. (“Six”). Five and Six are corporations that were duly organized under the laws of Bermuda in November 2013 for the purpose of owning new ultramax newbuildings to be delivered in 2017. At </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, the Company had a </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in BVH, the remainder of which is owned by a third-party. The operating results of BVH are 100% dependent on transactions with related parties and affiliates. Accordingly, the Company has consolidated BVH for the years ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div></td></tr></table></div>
CY2015	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Reclassifications</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts in the consolidated financial statements have been reclassified to conform to the current year’s presentation. These reclassifications had no effect on the Company’s previously reported consolidated operations or shareholders’ equity.</font></div></div>
CY2015	us-gaap	Revenue Recognition Deferred Revenue RevenueRecognitionDeferredRevenue	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Deferred Revenue</font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Billings for services for which revenue is not recognized in the current period are recorded as deferred revenue. Deferred revenue recognized in the accompanying consolidated balance sheets is expected to be realized within 12 months of the balance sheet date.</font></div></div>
CY2015	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the establishment of the allowance for doubtful accounts and the estimate of salvage value used in determining vessel depreciation expense.</font></div></div>

Files In Submission

Name	View Source	Status
0001606909-16-000185-index-headers.html	Edgar Link	pending
0001606909-16-000185-index.html	Edgar Link	pending
0001606909-16-000185.txt	Edgar Link	pending
0001606909-16-000185-xbrl.zip	Edgar Link	pending
a1-nbhcxamendmentno2shaxex.htm	Edgar Link	pending
a201510-kfiling.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
nordicoasisltdloanagreement.htm	Edgar Link	pending
panl-12312015ex311.htm	Edgar Link	pending
panl-12312015xex312.htm	Edgar Link	pending
panl-12312015xex321.htm	Edgar Link	pending
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panl-12x31x15ex231.htm	Edgar Link	pending
panl-12x31x15ex232.htm	Edgar Link	pending
panl-20151231.xml	Edgar Link	completed
panl-20151231.xsd	Edgar Link	pending
panl-20151231_cal.xml	Edgar Link	unprocessable
panl-20151231_def.xml	Edgar Link	unprocessable
panl-20151231_lab.xml	Edgar Link	unprocessable
panl-20151231_pre.xml	Edgar Link	unprocessable
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2015 Q4 Form 10-K Financial Statement

#000160690916000185 Filed on March 23, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PANL Pangaea Logistics Solutions Ltd. Stock $panl

2015 Q4 Form 10-K Financial Statement

#000160690916000185 Filed on March 23, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PANL
Pangaea Logistics Solutions Ltd. Stock $panl