Accounts receivable (net of allowance of 6,536 and 6,017 at june30, 2026 and december31, 2025, respectively)
59,147,000
61,280,000
55,854,000
45,566,001
Inventories
51,095,000
40,262,000
28,389,000
36,137,876
Advance hire, prepaid expenses and other current assets
50,027,000
50,120,000
28,478,000
30,258,855
Vessel held for sale
-
9,384,000
-
6,639,652
Total current assets
265,944,000
250,790,000
215,776,000
212,622,757
Restricted cash
270,000
270,000
270,000
269,610
Fixed assets, at cost, net of accumulated depreciation of 200,962 and 179,988 at june30, 2026 and december31, 2025, respectively
667,189,000
674,958,000
677,518,000
683,944,545
Finance lease right of use assets, at cost, net of accumulated depreciation of 7,648 and 12,678 at june30, 2026 and december31, 2025, respectively
16,376,000
16,580,000
26,866,000
27,405,780
Goodwill
3,105,000
3,105,000
3,105,000
3,104,800
Other non-current assets
3,792,000
4,991,000
4,561,000
4,798,137
Total assets
956,677,000
950,695,000
928,096,000
932,145,629
Accounts payable, accrued expenses and other current liabilities
83,012,000
72,684,000
54,257,000
64,240,121
Note payable
-
-
806,000
-
Affiliated companies payable
1,085,000
1,867,000
-
272,916
Deferred revenue
27,805,000
28,708,000
24,891,000
18,288,146
Current portion of secured long-term debt
40,155,000
16,985,000
16,910,000
16,696,990
Current portion of financing obligations
38,521,000
31,764,000
27,896,000
27,746,924
Current portion of finance lease liabilities
1,000,000
1,000,000
2,076,000
2,536,458
Dividend payable
607,000
577,000
1,198,000
1,143,501
Total current liabilities
192,184,000
153,586,000
128,034,000
130,925,056
Secured long-term debt, net
66,542,000
93,156,000
97,157,000
100,683,757
Financing obligations, net
195,360,000
208,969,000
219,774,000
226,339,082
Finance lease liabilities, net
7,909,000
8,153,000
8,395,000
8,637,411
Total noncurrent liabilities
269,811,000
310,278,000
-
-
Common stock, 0.0001 par value, 100,000,000 shares authorized 65,473,772 shares issued and outstanding at june30, 2026 64,973,988 shares issued and outstanding at december31, 2025
7,000
7,000
7,000
6,520
Additional paid-in capital
259,394,000
258,771,000
257,072,000
256,663,813
Retained earnings
189,228,000
182,280,000
172,255,000
163,591,591
Total pangaea logistics solutions ltd. equity
448,629,000
441,058,000
429,333,000
420,261,924
Non-controlling interests
46,053,000
45,773,000
45,403,000
45,298,399
Total stockholders' equity
494,682,000
486,831,000
474,736,000
465,560,323
Total liabilities and stockholders' equity
956,677,000
950,695,000
928,096,000
932,145,629
Unit: Dollar. Numbers labeled with * are estimated quarterly values.
Time Plot
Show the time plot by selecting a row from the table.