$PANL
Pangaea Logistics Solutions Ltd. Stock $panl

$panl Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-K Financial Statement

#000160690918000033 Filed on March 21, 2018

Income Statement

Concept	2017 Q4	2017	2016 Q4
Revenue	$102.2M	$385.1M	$66.30M
YoY Change	54.15%	61.79%	18.55%
Cost Of Revenue	$78.10M	$293.4M	$49.70M
YoY Change	57.14%	75.37%	33.24%
Gross Profit	$24.90M	$92.50M	$16.60M
YoY Change	50.0%	30.83%	-11.23%
Gross Profit Margin	24.36%	24.02%	25.04%
Selling, General & Admin	$3.700M	$15.20M	$3.600M
YoY Change	2.78%	18.75%	16.13%
% of Gross Profit	14.86%	16.43%	21.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.010M	$15.61M	$3.530M
YoY Change	13.6%	10.68%	7.95%
% of Gross Profit	16.1%	16.88%	21.27%
Operating Expenses	$95.40M	$369.9M	$65.50M
YoY Change	45.65%	64.32%	14.48%
Operating Profit	$6.800M	$16.03M	$800.0K
YoY Change	750.0%	24.31%	-162.13%
Interest Expense	$2.000M	$7.954M	$1.300M
YoY Change	53.85%	46.67%	5.22%
% of Operating Profit	29.41%	49.63%	162.5%
Other Income/Expense, Net	$0.00	-$6.925M	-$100.0K
YoY Change	-100.0%	4268.6%	-90.92%
Pretax Income	$4.500M	$9.100M	$300.0K
YoY Change	1400.0%	-1.09%	-106.25%
Income Tax		$428.0K
% Of Pretax Income		4.7%
Net Earnings	$4.100M	$7.813M	$100.0K
YoY Change	4000.0%	4.77%	-102.09%
Net Earnings / Revenue	4.01%	2.03%	0.15%
Basic Earnings Per Share	$0.10	$0.20	$0.00
Diluted Earnings Per Share	$0.09	$0.20	$0.00
COMMON SHARES
Basic Shares Outstanding	41.94M shares	38.41M shares	35.19M shares
Diluted Shares Outstanding	42.62M shares	38.93M shares	35.58M shares

Balance Sheet

Concept	2017 Q4	2017	2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$34.50M	$34.50M	$22.30M
YoY Change	54.71%	54.71%	-40.53%
Cash & Equivalents	$34.53M	$21.00M	$22.32M
Short-Term Investments
Other Short-Term Assets	$877.2K	$5.900M	$1.045M
YoY Change	-16.09%	-52.8%	4.14%
Inventory	$15.36M	$15.40M	$13.20M
Prepaid Expenses	$460.4K		$1.845M
Receivables	$21.09M	$21.10M	$15.99M
Other Receivables	$0.00	$6.100M	$0.00
Total Short-Term Assets	$83.01M	$83.00M	$62.44M
YoY Change	32.93%	21.17%	-9.91%
LONG-TERM ASSETS
Property, Plant & Equipment	$306.3M	$306.3M	$275.3M
YoY Change	11.27%	4.33%	7.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$34.00M	$34.00M
YoY Change
Total Long-Term Assets	$340.3M	$340.3M	$299.7M
YoY Change	13.52%	15.87%	0.7%
TOTAL ASSETS
Total Short-Term Assets	$83.01M	$83.00M	$62.44M
Total Long-Term Assets	$340.3M	$340.3M	$299.7M
Total Assets	$423.3M	$423.3M	$362.2M
YoY Change	16.87%	16.87%	-1.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$15.69M	$15.70M	$15.44M
YoY Change	1.63%	1.95%	9.74%
Accrued Expenses	$11.92M	$13.50M	$6.955M
YoY Change	71.43%	73.08%	32.92%
Deferred Revenue	$5.816M
YoY Change
Short-Term Debt	$7.000M	$7.000M	$16.00M
YoY Change	-56.25%	-56.25%	20.3%
Long-Term Debt Due	$18.98M	$20.80M	$19.60M
YoY Change	-3.17%	6.12%	0.51%
Total Short-Term Liabilities	$70.01M	$70.00M	$77.88M
YoY Change	-10.1%	-10.14%	7.94%
LONG-TERM LIABILITIES
Long-Term Debt	$117.6M	$142.6M	$107.6M
YoY Change	9.31%	32.53%	-16.91%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$117.6M	$142.6M	$107.6M
YoY Change	9.31%	32.53%	-16.91%
TOTAL LIABILITIES
Total Short-Term Liabilities	$70.01M	$70.00M	$77.88M
Total Long-Term Liabilities	$117.6M	$142.6M	$107.6M
Total Liabilities	$187.6M	$277.9M	$245.9M
YoY Change	-23.7%	13.01%	-4.98%
SHAREHOLDERS EQUITY
Retained Earnings	-$9.597M		-$17.41M
YoY Change	-44.88%		-29.99%
Common Stock	$4.379K		$3.659K
YoY Change	19.68%		0.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$145.4M	$145.4M	$116.3M
YoY Change
Total Liabilities & Shareholders Equity	$423.3M	$423.3M	$362.2M
YoY Change	16.87%	16.87%	-1.3%

Cashflow Statement

Concept	2017 Q4	2017	2016 Q4
OPERATING ACTIVITIES
Net Income	$4.100M	$7.813M	$100.0K
YoY Change	4000.0%	4.77%	-102.09%
Depreciation, Depletion And Amortization	$4.010M	$15.61M	$3.530M
YoY Change	13.6%	10.68%	7.95%
Cash From Operating Activities	$15.47M	$29.22M	$890.0K
YoY Change	1638.2%	52.13%	-88.85%
INVESTING ACTIVITIES
Capital Expenditures	-$16.70M	-$64.03M	$0.00
YoY Change		9904.69%	-100.0%
Acquisitions
YoY Change
Other Investing Activities	$310.0K	-$520.0K	-$6.570M
YoY Change	-104.72%	-94.59%	-71.55%
Cash From Investing Activities	-$16.39M	-$64.55M	-$6.560M
YoY Change	149.85%	529.79%	-71.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$9.632M
YoY Change
Debt Paid & Issued, Net		$25.33M
YoY Change		6.77%
Cash From Financing Activities	6.110M	$45.44M	-200.0K
YoY Change	-3155.0%	-288.08%	-101.09%
NET CHANGE
Cash From Operating Activities	15.47M	$29.22M	890.0K
Cash From Investing Activities	-16.39M	-$64.55M	-6.560M
Cash From Financing Activities	6.110M	$45.44M	-200.0K
Net Change In Cash	5.190M	$10.11M	-5.870M
YoY Change	-188.42%	-166.51%	-277.34%
FREE CASH FLOW
Cash From Operating Activities	$15.47M	$29.22M	$890.0K
Capital Expenditures	-$16.70M	-$64.03M	$0.00
Free Cash Flow	$32.17M	$93.25M	$890.0K
YoY Change	3514.61%	369.79%	-88.83%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2017	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2017	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017	dei	Document Period End Date DocumentPeriodEndDate	2017-12-31
CY2017	dei	Document Type DocumentType	10-K
CY2017	dei	Entity Central Index Key EntityCentralIndexKey	0001606909
CY2017Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	43794526	shares
CY2018Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	44096911	shares
CY2017	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2017	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2017Q2	dei	Entity Public Float EntityPublicFloat	3068581	USD
CY2017	dei	Entity Registrant Name EntityRegistrantName	Pangaea Logistics Solutions Ltd.
CY2017	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2017	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
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CY2017Q4	panl	Accounts Payable Accrued Expenses And Other Current Liabilities AccountsPayableAccruedExpensesAndOtherCurrentLiabilities	29181276	USD
CY2016Q4	panl	Accrued Receivable AccruedReceivable	5805798	USD
CY2017Q4	panl	Accrued Receivable AccruedReceivable	6153212	USD
CY2016Q4	panl	Accumulated Depreciation Depletion And Amortization Vessel Improvements AccumulatedDepreciationDepletionAndAmortizationVesselImprovements	47862126	USD
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CY2016Q4	panl	Advance Hire AdvanceHire	2232444	USD
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CY2016	panl	Amortization Of Deferred Financing Costs And Bank Fees AmortizationOfDeferredFinancingCostsAndBankFees	662724	USD
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CY2016	panl	Amortizationofprepaidrent Amortizationofprepaidrent	0	USD
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CY2016Q4	us-gaap	Common Stock Value CommonStockValue	3659	USD
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CY2016Q3	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	3500000	USD
CY2016Q4	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	3500000	USD
CY2016	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	14107822	USD
CY2017Q1	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	3900000	USD
CY2017Q2	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	3700000	USD
CY2017Q3	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	3900000	USD
CY2017Q4	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	4000000	USD
CY2017	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	15614571	USD
CY2016	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	0	USD
CY2017	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	4285000	USD
CY2017	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	15614571	USD
CY2016Q4	us-gaap	Development In Process DevelopmentInProcess	18383964	USD
CY2017Q4	us-gaap	Development In Process DevelopmentInProcess	0	USD
CY2017Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	7009597	USD
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.03
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.00
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.17
CY2016Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.00
CY2016	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.21
CY2016	us-gaap	Dividends Cash DividendsCash	100000	USD
CY2017	us-gaap	Dividends Cash DividendsCash	1101424	USD
CY2017	us-gaap	Dividends Common Stock Paidinkind DividendsCommonStockPaidinkind	4285000	USD
CY2016Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	12624825	USD
CY2017Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	7238401	USD
CY2015Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	12724825	USD
CY2016Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	12624825	USD
CY2017Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	7238401	USD
CY2016Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	15972147	USD
CY2016Q4	us-gaap	Deferred Finance Costs Gross DeferredFinanceCostsGross	5321206	USD
CY2017Q4	us-gaap	Deferred Finance Costs Gross DeferredFinanceCostsGross	6068806	USD
CY2016Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	1528511	USD
CY2017Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	1869780	USD
CY2016Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	6422982	USD
CY2017Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	5815924	USD
CY2016	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	14107822	USD
CY2017Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.04
CY2017Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.13
CY2017Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.18
CY2017Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.10
CY2017	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.20
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.03
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.00
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.17
CY2016Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.00
CY2016	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.21
CY2017Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.04
CY2017Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.13
CY2017Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.17
CY2017Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.09
CY2016	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	0	USD
CY2017	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	-9275042	USD
CY2016	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	0	USD
CY2017	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	-9275042	USD
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3000000	USD
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2900000	USD
CY2016Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3200000	USD
CY2016Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3600000	USD
CY2016	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12773781	USD
CY2017Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3500000	USD
CY2017Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3100000	USD
CY2017Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4800000	USD
CY2017Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3700000	USD
CY2017	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	15163352	USD
CY2016	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2017	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	256478	USD
CY2016	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	198000	USD
CY2017	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	428000	USD
CY2016	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1781268	USD
CY2017	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	5642755	USD
CY2016	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	1974187	USD
CY2017	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-607058	USD
CY2016	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	5712347	USD
CY2017	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	2153775	USD
CY2016	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	3708549	USD
CY2017	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1368584	USD
CY2016	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	-1503341	USD
CY2017	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	0	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	1400000	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	1500000	USD
CY2016Q3	us-gaap	Interest Expense InterestExpense	1300000	USD
CY2016Q4	us-gaap	Interest Expense InterestExpense	1300000	USD
CY2016	us-gaap	Interest Expense InterestExpense	5423057	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	1600000	USD
CY2017Q2	us-gaap	Interest Expense InterestExpense	2200000	USD
CY2017Q3	us-gaap	Interest Expense InterestExpense	2100000	USD
CY2017Q4	us-gaap	Interest Expense InterestExpense	2000000	USD
CY2017	us-gaap	Interest Expense InterestExpense	7954126	USD
CY2016Q1	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	100000	USD
CY2016Q2	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	100000	USD
CY2016Q3	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	100000	USD
CY2016Q4	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	100000	USD
CY2016	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	314925	USD
CY2017Q1	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	100000	USD
CY2017Q2	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	100000	USD
CY2017Q3	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	100000	USD
CY2017Q4	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	100000	USD
CY2017	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	316250	USD
CY2016	us-gaap	Interest Paid InterestPaid	4659015	USD
CY2017	us-gaap	Interest Paid InterestPaid	6978754	USD
CY2016Q4	us-gaap	Interest Payable Current InterestPayableCurrent	412984	USD
CY2017Q4	us-gaap	Interest Payable Current InterestPayableCurrent	611406	USD
CY2016Q4	us-gaap	Inventory Net InventoryNet	13202937	USD
CY2017Q4	us-gaap	Inventory Net InventoryNet	15356712	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	362193902	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	423297088	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	77878979	USD
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	70010153	USD
CY2017Q4	us-gaap	Long Term Debt LongTermDebt	138464749	USD
CY2016Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	82224170	USD
CY2016	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-10254315	USD
CY2017	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-64553736	USD
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	19213663	USD
CY2017	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	29223231	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	1200000	USD
CY2017Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	93417008	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	374466	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	18979335	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	37675900	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	37242047	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	21996837	USD
CY2017Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	22196164	USD
CY2016Q4	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	82001821	USD
CY2017Q4	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	92096979	USD
CY2016Q4	us-gaap	Minority Interest MinorityInterest	60405671	USD
CY2017Q4	us-gaap	Minority Interest MinorityInterest	65304320	USD
CY2016	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	1600000	USD
CY2017	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	830906	USD
CY2016Q4	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	6540489	USD
CY2017Q4	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	21009821	USD
CY2016	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-24156639	USD
CY2017	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	47539368	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	100000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	6100000	USD
CY2016Q4	us-gaap	Net Income Loss NetIncomeLoss	100000	USD
CY2016	us-gaap	Net Income Loss NetIncomeLoss	7456955	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	1500000	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	-4800000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	7100000	USD
CY2017Q4	us-gaap	Net Income Loss NetIncomeLoss	4100000	USD
CY2017	us-gaap	Net Income Loss NetIncomeLoss	7812794	USD
CY2016Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-400000	USD
CY2016Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-500000	USD
CY2016Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-500000	USD
CY2016Q4	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-300000	USD
CY2016	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1701856	USD
CY2017Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1400000	USD
CY2017Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-600000	USD
CY2017Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1600000	USD
CY2017Q4	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-500000	USD
CY2017	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1287861	USD
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-100000	USD
CY2016Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	100000	USD
CY2016Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	0	USD
CY2016Q4	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-100000	USD
CY2016	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-158528	USD
CY2017Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	100000	USD
CY2017Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	800000	USD
CY2017Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1000000	USD
CY2017Q4	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	0	USD
CY2017	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1841958	USD
CY2016Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	1254985	USD
CY2017Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	1421920	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	40400000	USD
CY2016Q2	us-gaap	Operating Expenses OperatingExpenses	56200000	USD
CY2016Q3	us-gaap	Operating Expenses OperatingExpenses	63000000	USD
CY2016Q4	us-gaap	Operating Expenses OperatingExpenses	65500000	USD
CY2016	us-gaap	Operating Expenses OperatingExpenses	225124661	USD
CY2017Q1	us-gaap	Operating Expenses OperatingExpenses	84800000	USD
CY2017Q2	us-gaap	Operating Expenses OperatingExpenses	92600000	USD
CY2017Q3	us-gaap	Operating Expenses OperatingExpenses	97000000	USD
CY2017Q4	us-gaap	Operating Expenses OperatingExpenses	95400000	USD
CY2017	us-gaap	Operating Expenses OperatingExpenses	369919452	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	3500000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	800000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	7800000	USD
CY2016Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	800000	USD
CY2016	us-gaap	Operating Income Loss OperatingIncomeLoss	12891837	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-300000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-1200000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	10000000	USD
CY2017Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	6800000	USD
CY2017	us-gaap	Operating Income Loss OperatingIncomeLoss	15168757	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	1509845	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	585717	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	0	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	193236	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	365446	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	365446	USD
CY2017Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	0	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	427627	USD
CY2017Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	960190	USD
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	1045397	USD
CY2017Q4	us-gaap	Other Assets Current OtherAssetsCurrent	1790198	USD
CY2016Q4	us-gaap	Other Long Term Debt Current OtherLongTermDebtCurrent	19627846	USD
CY2017Q4	us-gaap	Other Long Term Debt Current OtherLongTermDebtCurrent	18979335	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1900000	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-200000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1200000	USD
CY2016Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-500000	USD
CY2016	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-3733026	USD
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	400000	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-3000000	USD
CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1300000	USD
CY2017Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-2200000	USD
CY2017	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-6068102	USD
CY2016	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	45755	USD
CY2017	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	1022549	USD
CY2016	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	0	USD
CY2016	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	100000	USD
CY2017	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1001424	USD
CY2016	us-gaap	Payments To Acquire Buildings PaymentsToAcquireBuildings	9618964	USD
CY2017	us-gaap	Payments To Acquire Buildings PaymentsToAcquireBuildings	0	USD
CY2016	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	315918	USD
CY2017	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	0	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	10928161	USD
CY2017Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	12032272	USD
CY2016Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	1844522	USD
CY2017Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	460445	USD
CY2017	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	9631530	USD
CY2016	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	1375971	USD
CY2017	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	35000000	USD
CY2016	us-gaap	Proceeds From Payments To Minority Shareholders ProceedsFromPaymentsToMinorityShareholders	1600000	USD
CY2017	us-gaap	Proceeds From Payments To Minority Shareholders ProceedsFromPaymentsToMinorityShareholders	1359990	USD
CY2016	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	4836300	USD
CY2017	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	0	USD
CY2016	us-gaap	Proceeds From Repayments Of Restricted Cash Financing Activities ProceedsFromRepaymentsOfRestrictedCashFinancingActivities	-5600000	USD
CY2017	us-gaap	Proceeds From Repayments Of Restricted Cash Financing Activities ProceedsFromRepaymentsOfRestrictedCashFinancingActivities	2100000	USD
CY2016	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	USD
CY2017	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	306968	USD
CY2016Q1	us-gaap	Profit Loss ProfitLoss	1600000	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	600000	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	6600000	USD
CY2016Q4	us-gaap	Profit Loss ProfitLoss	300000	USD
CY2016	us-gaap	Profit Loss ProfitLoss	9158811	USD
CY2017Q1	us-gaap	Profit Loss ProfitLoss	100000	USD
CY2017Q2	us-gaap	Profit Loss ProfitLoss	-4200000	USD
CY2017Q3	us-gaap	Profit Loss ProfitLoss	8700000	USD
CY2017Q4	us-gaap	Profit Loss ProfitLoss	4600000	USD
CY2017	us-gaap	Profit Loss ProfitLoss	9100655	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4059494	USD
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4463225	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	275265672	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	306292655	USD
CY2016Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	2882874	USD
CY2017Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	3081378	USD
CY2016	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	922414	USD
CY2016	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	922000	USD
CY2017	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	544000	USD
CY2017	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	543621	USD
CY2016	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	0	USD
CY2017	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	1198721	USD
CY2016	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	23722658	USD
CY2017	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	25329458	USD
CY2016	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	2500497	USD
CY2017	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	0	USD
CY2016Q4	us-gaap	Restricted Cash And Investments Noncurrent RestrictedCashAndInvestmentsNoncurrent	6100000	USD
CY2017Q4	us-gaap	Restricted Cash And Investments Noncurrent RestrictedCashAndInvestmentsNoncurrent	4000000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-17409579	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-9596785	USD
CY2016Q1	us-gaap	Revenues Revenues	43900000	USD
CY2016Q2	us-gaap	Revenues Revenues	57000000	USD
CY2016Q3	us-gaap	Revenues Revenues	70800000	USD
CY2016Q4	us-gaap	Revenues Revenues	66300000	USD
CY2016	us-gaap	Revenues Revenues	238016498	USD
CY2017Q1	us-gaap	Revenues Revenues	84500000	USD
CY2017Q2	us-gaap	Revenues Revenues	91400000	USD
CY2017Q3	us-gaap	Revenues Revenues	107000000	USD
CY2017Q4	us-gaap	Revenues Revenues	102200000	USD
CY2017	us-gaap	Revenues Revenues	385088209	USD
CY2016	us-gaap	Sale Leaseback Transaction Net Proceeds Financing Activities SaleLeasebackTransactionNetProceedsFinancingActivities	0	USD
CY2017	us-gaap	Sale Leaseback Transaction Net Proceeds Financing Activities SaleLeasebackTransactionNetProceedsFinancingActivities	28000000	USD
CY2016Q4	us-gaap	Secured Debt SecuredDebt	128794208	USD
CY2017Q4	us-gaap	Secured Debt SecuredDebt	138464749	USD
CY2016Q4	us-gaap	Secured Debt Current SecuredDebtCurrent	19627846	USD
CY2017Q4	us-gaap	Secured Debt Current SecuredDebtCurrent	18979335	USD
CY2016Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	107637851	USD
CY2017Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	117615634	USD
CY2016	us-gaap	Share Based Compensation ShareBasedCompensation	601921	USD
CY2017	us-gaap	Share Based Compensation ShareBasedCompensation	1074038	USD
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	22823	shares
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue	2.39
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	693489	shares
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	3.33
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	1361349.00	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	1837147.00	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	2.46
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	2.74
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	194868	shares
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue	2.93
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	3000000	shares
CY2017	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	13995993	USD
CY2017	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	0	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	116271401	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	145351322	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	165316340	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	176677072	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	210655642	USD
CY2016Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	1528511	USD
CY2017Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	1869780	USD
CY2016	us-gaap	Unrealized Gain Loss On Cash Flow Hedging Instruments UnrealizedGainLossOnCashFlowHedgingInstruments	2163484	USD
CY2017	us-gaap	Unrealized Gain Loss On Cash Flow Hedging Instruments UnrealizedGainLossOnCashFlowHedgingInstruments	360316	USD
CY2016Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-300000	USD
CY2016Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	1400000	USD
CY2016Q3	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	200000	USD
CY2016Q4	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	1000000	USD
CY2016	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	2163484	USD
CY2017Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	2000000	USD
CY2017Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-1500000	USD
CY2017Q3	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-100000	USD
CY2017Q4	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-100000	USD
CY2017	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	360316	USD
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	35201307	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	35337290	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	35347403	shares
CY2016Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	35581897	shares
CY2016	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	35376950	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	35805205	shares
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	35539186	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	41074592	shares
CY2017Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42619933	shares
CY2017	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	38925745	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35130211	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35150453	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35165532	shares
CY2016Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35189068	shares
CY2016	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35158917	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35280806	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35539186	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	40796867	shares
CY2017Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	41941300	shares
CY2017	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	38414383	shares
CY2017	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	274000	USD
CY2017	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. 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, 2017</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;">32%</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, 2016</font><font style="font-family:inherit;font-size:10pt;">, there were </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> customers that accounted for </font><font style="font-family:inherit;font-size:10pt;">29%</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, 2017</font><font style="font-family:inherit;font-size:10pt;">, fourteen customers in the United States and five customers in Canada accounted for </font><font style="font-family:inherit;font-size:10pt;">26%</font><font style="font-family:inherit;font-size:10pt;"> of accounts receivable. At </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</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; the United States (eleven representing </font><font style="font-family:inherit;font-size:10pt;">30%</font><font style="font-family:inherit;font-size:10pt;">), Canada (four representing </font><font style="font-family:inherit;font-size:10pt;">20%</font><font style="font-family:inherit;font-size:10pt;">) and Switzerland (seven representing </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, 2017</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 (eighteen representing </font><font style="font-family:inherit;font-size:10pt;">20%</font><font style="font-family:inherit;font-size:10pt;">) and Canada (four representing </font><font style="font-family:inherit;font-size:10pt;">20%</font><font style="font-family:inherit;font-size:10pt;">). For the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</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 (sixteen representing </font><font style="font-family:inherit;font-size:10pt;">21%</font><font style="font-family:inherit;font-size:10pt;">) and Canada (four representing </font><font style="font-family:inherit;font-size:10pt;">21%</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, 2017</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;">12%</font><font style="font-family:inherit;font-size:10pt;"> of total revenue. For the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</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;">22%</font><font style="font-family:inherit;font-size:10pt;"> of total revenue.</font></div></div>
CY2017	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 3. A summary of the Company’s variable interest entities is provided at Note 4. At </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</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 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;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 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 limited liability company that was duly organized under the laws of Delaware for the objective and purpose of holding real estate located in Newport, Rhode Island.</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. </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 Ventures Holding Company Ltd. (“BVH”) – a corporation that was duly organized under the laws of Bermuda. BVH was established in August 2013 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 m/v Bulk Destiny and m/v Bulk Endurance, new ultramax newbuildings delivered in January 2017. The Company acquired its joint venture partner's 50% interest in January 2017 for $0.8 million after which BVH is a wholly-owned subsidiary of 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;">Bulk Freedom Corp. (“Bulk Freedom”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Freedom was established in May 2017 for the purpose of acquiring the m/v Bulk Freedom.</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 Pride Corp. (“Bulk Pride”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Pride was established in October 2017 for the purpose of acquiring the m/v Bulk Pride.</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;">Flintstone Ventures Limited ("FVL") - a corporation that was duly organized under the laws of the Province of Nova Scotia on March 17, 2017. FVL specializes in carriage of specialized cargo.</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, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</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 Odyssey Ltd. (“Bulk Odyssey”) 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, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</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 Company determined that NBHC is a VIE and that it is the primary beneficiary of NBHC, as it has the power to direct its activities as a result of these time charter arrangements. Accordingly, the Company has consolidated NBHC for the years ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017 and 2016</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: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;">Venture Barge (US) Corp. ("VBC") - a corporation that was duly organized in the State of Delaware, USA on October 26, 2017. VBC was established for the purpose of owning and operating a deck barge.</font></div></td></tr></table></div>
CY2017	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>
CY2017	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 twelve months of the balance sheet date.</font></div></div>
CY2017	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>

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2017 Q4 Form 10-K Financial Statement

#000160690918000033 Filed on March 21, 2018

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$PANL Pangaea Logistics Solutions Ltd. Stock $panl

2017 Q4 Form 10-K Financial Statement

#000160690918000033 Filed on March 21, 2018

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