| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 13,665,000 | 12,278,227 | 12,987,513 | -5,098,740 |
| Depreciation and amortization expense | 11,876,000 | 11,740,030 | 10,213,995 | 20,520,975 |
| Earnings attributable to non-controlling interest recorded as interest expense | NaN | 0 | 0 | 0 |
| Amortization of deferred financing costs | -610,279 | NaN | 264,440 | 610,839 |
| Amortization of prepaid rent | -58,652 | NaN | 28,769 | 59,883 |
| Amortization of deferred financing costs | NaN | 1,152,000 | NaN | NaN |
| Amortization of prepaid rent | NaN | 118,000 | NaN | NaN |
| Unrealized gain on derivative instruments | 6,606,000 | -903,398 | 665,790 | -1,117,392 |
| Income from equity method investee | 484,000 | 1,120,720 | 954,492 | 876,788 |
| Provision for doubtful accounts | 790,000 | 366,138 | 107,951 | 1,065,911 |
| Gain on sale of vessel and equipment | NaN | NaN | 308,685 | NaN |
| Gain on sales of vessels | NaN | 3,000,000 | NaN | NaN |
| Loss on vessel held for sale | 358,000 | NaN | NaN | NaN |
| Drydocking costs | 6,793,000 | 3,582,542 | 1,867,333 | 11,945,125 |
| Share-based compensation | 1,700,000 | 1,415,800 | 614,419 | 2,080,781 |
| Accounts receivable | 6,216,000 | 10,654,967 | -3,651,704 | 8,020,737 |
| Inventories | 11,872,000 | -7,748,635 | -2,445,872 | 5,735,507 |
| Advance hire, prepaid expenses and other current assets | 16,809,000 | -1,774,931 | 1,613,696 | 355,235 |
| Accounts payable, accrued expenses and other current liabilities | 20,775,000 | -9,960,903 | 3,859,950 | 13,571,953 |
| Deferred revenue | 3,817,000 | 6,603,342 | -202,898 | 3,043,556 |
| Contributions to non-consolidated subsidiaries and other investments | NaN | NaN | 0 | 842,307 |
| Net cash provided by (used in) operating activities | 4,494,000 | 15,125,123 | 28,561,719 | 10,039,158 |
| Purchase of vessels, vessel improvements and equipment | 1,811,000 | -3,318,390 | 5,283,402 | 222,988 |
| Net proceeds from sale of vessels | NaN | 9,336,487 | 7,859,513 | NaN |
| Acquisition of non-controlling interest | NaN | 0 | 2,700,000 | NaN |
| Purchase of equipment and internal use software | NaN | 4,299,000 | NaN | NaN |
| Contribution payments to acquire non-controlling interest | NaN | 733,000 | NaN | NaN |
| Payments to acquire and (write off) of productive assets | -1,346,003 | NaN | NaN | 1,346,003 |
| Advances for vessel purchases | NaN | NaN | NaN | 0 |
| Dividends received from equity method investments | 500,000 | 1,035,000 | 3,100,000 | NaN |
| Net cash used in investing activities | -1,311,000 | 9,500,184 | 4,322,114 | -2,411,298 |
| Proceeds from long-term debt | NaN | 705,000 | 0 | 0 |
| Payments of financing and issuance costs | NaN | 0 | 45,000 | 0 |
| Payments of long-term debt | 4,218,000 | 4,172,146 | 4,148,681 | 8,269,173 |
| Proceeds from financing obligation | NaN | NaN | 18,000,000 | NaN |
| Proceeds from financing obligations | NaN | 18,000,000 | NaN | NaN |
| Payments of financing obligations | 7,059,000 | 6,937,156 | 6,513,306 | 12,601,538 |
| Payment, tax withholding, share-based payment arrangement | NaN | 1,007,663 | 984,235 | 1,007,102 |
| Payments of finance leases | 1,326,000 | 711,187 | 710,939 | 1,421,874 |
| Dividends paid to non-controlling interests | NaN | 290,324 | 258,009 | 1,941,667 |
| Cash dividends paid | 3,891,000 | 3,177,344 | 3,186,590 | 9,939,066 |
| Payments to non-controlling interest | 0 | 0 | 0 | 0 |
| Net cash used in financing activities | -16,493,000 | -15,591,820 | 2,153,240 | -35,180,420 |
| Net change in cash, cash equivalents and restricted cash | -13,310,000 | 9,034,487 | 35,037,073 | -27,552,560 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning balance | 103,324,000 | 86,805,000 | 86,805,470 | NaN |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, ending balance | 90,014,000 | 9,034,017 | 94,289,983 | NaN |
Pangaea Logistics Solutions Ltd. (PANL)
Pangaea Logistics Solutions Ltd. (PANL)