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LOSS PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2014
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | The computation of basic earnings per common share and diluted earnings per common share was as follows:
|  | December 31, 2014 |  | December 31, 2013 |
Numerator: |  |  |  |  |  |  |
Net loss attributable to Pangaea Logistics Solutions Ltd. |  | $ | (12,128,449) |  | $ | - |
Net income attributable to Bulk Partners (Bermuda) Ltd. |  |  | - |  |  | 15,452,369 |
Less: dividends declared on convertible redeemable preferred stock |  |  | (6,303,747) |  |  | (6,288,456) |
Less: modification of conversion price |  |  | - |  |  | - |
Less: beneficial conversion |  |  | (11,776,661) |  |  | (8,959,421) | (i)
Less: settlement of accrued dividends |  |  | - |  |  | (45,843) |
Less: settlement of notes |  |  | - |  |  | (1,429,217) |
Less: fair value adjustment |  |  | - |  |  | (7,517,915) |
Total (losses) allocated to common stock |  | $ | (30,208,857) |  | $ | (8,788,483) |
Denominator: |  |  |  |  |  |  |
Weighted-average number of shares of common stock outstanding |  |  | 18,726,308 |  |  | 13,421,955 |
Basic and Diluted EPS - common stock |  | $ | (1.61) |  | $ | (0.65) |
| (i) | The full value of the beneficial conversion adjustment to net income for purposes of calculating EPS is $8,959,421, however retained earnings are reduced by $4,927,423, with the remaining amount as an offset to the increase in additional paid-in capital.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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