For the quarter ending 2025-09-30, PANL has $932,145,629 in assets. $94,020,373 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 94,020,373 | 59,252,910 | ||
| Accounts receivable (net of allowance of 5,700,641 and 5,492,901 at september30, 2025 and december31, 2024, respectively) | 45,566,001 | 49,325,656 | ||
| Inventories | 36,137,876 | 38,583,748 | ||
| Advance hire, prepaid expenses and other current assets | 30,258,855 | 29,300,653 | ||
| Vessel held for sale | 6,639,652 | 7,545,828 | ||
| Total current assets | 212,622,757 | 184,008,795 | ||
| Restricted cash | 269,610 | - | ||
| Fixed assets, net | 683,944,545 | 694,403,690 | ||
| Right of use assets, net | 27,405,780 | 27,911,848 | ||
| Goodwill | 3,104,800 | 3,104,800 | ||
| Other non-current assets | 4,798,137 | 6,566,313 | ||
| Total assets | 932,145,629 | 915,995,446 | ||
| Accounts payable, accrued expenses and other current liabilities | 64,240,121 | 61,401,165 | ||
| Affiliated companies payable-Related Party | 272,916 | 61,694 | ||
| Deferred revenue | 18,288,146 | 18,491,044 | ||
| Current portion of secured long-term debt | 16,696,990 | 16,656,227 | ||
| Current portion of financing obligations | 27,746,924 | 25,438,710 | ||
| Current portion of finance lease liabilities | 2,536,458 | 2,843,750 | ||
| Dividend payable | 1,143,501 | 1,117,125 | ||
| Total current liabilities | 130,925,056 | 126,009,715 | ||
| Secured long-term debt, net | 100,683,757 | 104,712,469 | ||
| Financing obligations, net | 226,339,082 | 217,110,667 | ||
| Finance lease liabilities, net | 8,637,411 | 9,032,282 | ||
| Common stock, 0.0001 par value, 100,000,000 shares authorized 65,176,619 shares issued and outstanding at september30, 2025 64,961,433 shares issued and outstanding at december31, 2024 | 6,520 | 6,539 | ||
| Additional paid-in capital | 256,663,813 | 259,733,610 | ||
| Retained earnings | 163,591,591 | 154,612,941 | ||
| Total pangaea logistics solutions ltd. equity | 420,261,924 | 414,353,090 | ||
| Non-controlling interests | 45,298,399 | 44,777,223 | ||
| Total stockholders' equity | 465,560,323 | 459,130,313 | ||
| Total liabilities and stockholders' equity | 932,145,629 | 915,995,446 | ||
Pangaea Logistics Solutions Ltd. (PANL)
Pangaea Logistics Solutions Ltd. (PANL)