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v2.4.1.9

Consolidated Statements of Operations (USD $) | 12 Months Ended
--- | ---
Dec. 31, 2014 | Dec. 31, 2013
Revenues: |  |
Voyage revenue | $ 345,235,869 cik0001606909_VoyageRevenue | $ 336,160,290 cik0001606909_VoyageRevenue
Charter revenue | 53,040,336 cik0001606909_CharterRevenue | 56,310,682 cik0001606909_CharterRevenue
Revenues | 398,276,205 us-gaap_Revenues | 392,470,972 us-gaap_Revenues
Expenses: |  |
Voyage expense | 189,474,578 cik0001606909_VoyageExpense | 196,035,698 cik0001606909_VoyageExpense
Charter hire expense | 149,653,797 cik0001606909_CharterHireExpense | 130,879,639 cik0001606909_CharterHireExpense
Vessel operating expenses | 29,583,386 cik0001606909_VesselOperatingExpense | 22,958,049 cik0001606909_VesselOperatingExpense
General and administrative | 12,831,330 us-gaap_GeneralAndAdministrativeExpense | 11,599,121 us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization | 11,668,128 us-gaap_CostOfServicesDepreciationAndAmortization | 9,614,859 us-gaap_CostOfServicesDepreciationAndAmortization
Loss on impairment of vessels | 11,506,631 us-gaap_AssetImpairmentCharges | 0 us-gaap_AssetImpairmentCharges
Gain on sale of vessels | (3,947,600)us-gaap_GainLossOnSaleOfProperties | 0 us-gaap_GainLossOnSaleOfProperties
Total expenses | 400,770,250 us-gaap_OperatingExpenses | 371,087,366 us-gaap_OperatingExpenses
(Loss) income from operations | (2,494,045)us-gaap_OperatingIncomeLoss | 21,383,606 us-gaap_OperatingIncomeLoss
Other income (expense): |  |
Interest expense, net | (5,644,057)us-gaap_InterestExpense | (5,487,246)us-gaap_InterestExpense
Interest expense related party debt | (263,648)us-gaap_InterestExpenseRelatedParty | (411,784)us-gaap_InterestExpenseRelatedParty
Imputed interest on related party long-term debt | (322,946)cik0001606909_ImputedInterestOnRelatedPartyLongTermDebt | (1,117,231)cik0001606909_ImputedInterestOnRelatedPartyLongTermDebt
Unrealized (loss) gain on derivative instruments | (1,230,132)us-gaap_UnrealizedGainLossOnDerivatives | 1,101,239 us-gaap_UnrealizedGainLossOnDerivatives
Other (expense) income | (3,693,118)us-gaap_NonoperatingIncomeExpense | 45,937 us-gaap_NonoperatingIncomeExpense
Total other expense, net | (11,153,901)us-gaap_OtherNonoperatingIncomeExpense | (5,869,085)us-gaap_OtherNonoperatingIncomeExpense
Net (loss) income | (13,647,946)us-gaap_ProfitLoss | 15,514,521 us-gaap_ProfitLoss
Loss (income) attributable to noncontrolling interests | 1,519,497 us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | (62,152)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net (loss) income attributable to Pangaea Logistics Solutions Ltd. | $ (12,128,449)us-gaap_NetIncomeLoss | $ 15,452,369 us-gaap_NetIncomeLoss
(Loss) earnings per common share: |  |
Basic (in dollars per share) | $ (1.61)us-gaap_EarningsPerShareBasic | $ (0.65)us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) | $ (1.61)us-gaap_EarningsPerShareDiluted | $ (0.65)us-gaap_EarningsPerShareDiluted
Weighted average shares used to compute (loss) earnings per common share (Note 5) Basic and diluted (in shares) | 18,726,308 us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 13,421,955 us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted

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