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v3.19.1

Consolidated Statements of Changes in Stockholders' Equity - USD ($) | Total | Preferred Stock | Common Stock | Total Pangaea Logistics Solutions Ltd. Equity | Additional Paid-in Capital | Retained Earnings (Accumulated Deficit) | Non-Controlling Interest
--- | --- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2016 | $ 176,677,072 | $ 0 | $ 3,659 | $ 116,271,401 | $ 133,677,321 | $ (17,409,579) | $ 60,405,671
Balance (in shares) at Dec. 31, 2016 |  | 0 | 36,590,417 |  |  |  |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Recognized cost for restricted stock issued as compensation | 1,074,038 |  |  | 1,074,038 | 1,074,038 |  |
Issuance of restricted shares (in shares) |  |  | 670,666 |  |  |  |
Issuance of restricted shares, net of forfeitures |  |  | $ 66 |  | (66) |  |
Acquisition of noncontrolling interest | (830,906) |  |  | 6,197,096 | 6,197,096 |  | (7,028,002)
Contribution from noncontrolling interest | 1,359,990 |  |  |  |  |  | 1,359,990
Conversion of related party debt to noncontrolling interest | 9,278,800 |  |  |  |  |  | 9,278,800
Issuance of common shares, net of fees (in shares) |  |  | 6,533,443 |  |  |  |
Issuance of common shares, net of fees | 13,995,993 |  | $ 654 | 13,995,993 | 13,995,339 |  |
Net income | 9,100,655 |  |  | 7,812,794 |  | 7,812,794 | 1,287,861
Balance at Dec. 31, 2017 | 210,655,642 | $ 0 | $ 4,379 | 145,351,322 | 154,943,728 | (9,596,785) | 65,304,320
Balance (in shares) at Dec. 31, 2017 |  | 0 | 43,794,526 |  |  |  |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Recognized cost for restricted stock issued as compensation | 1,200,214 |  |  | 1,200,214 | 1,200,214 |  |
Issuance of restricted shares (in shares) |  |  | 204,034 |  |  |  |
Issuance of restricted shares, net of forfeitures | (146,657) |  | $ 21 | (146,657) | (146,678) |  |
Contribution from noncontrolling interest | 150,000 |  |  |  |  |  | 150,000
Issuance of common shares, net of fees | (50,812) |  |  | (50,812) | (50,812) |  |
Net income | 23,981,646 |  |  | 17,757,020 |  | 17,757,020 | 6,224,626
Balance at Dec. 31, 2018 | 233,366,997 | $ 0 | $ 4,400 | 161,688,051 | $ 155,946,452 | 5,737,199 | $ 71,678,946
Balance (in shares) at Dec. 31, 2018 |  | 0 | 43,998,560 |  |  |  |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Change in accounting pronouncement | $ (2,423,036) |  |  | $ (2,423,036) |  | $ (2,423,036) |

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