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Consolidated Statements of Stockholders' Equity - USD ($)
Total
Total Pangaea Logistics Solutions Ltd. Equity
Common Stock
Additional Paid-in Capital
Retained Earnings
Non-Controlling Interest
Beginning Balance (in shares) at Dec. 31, 2018     43,998,560      
Beginning Balance at Dec. 31, 2018 $ 233,366,997 $ 161,688,051 $ 4,400 $ 155,946,452 $ 5,737,199 $ 71,678,946
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 1,365,969 1,365,969   1,365,969    
Issuance of restricted shares, net of forfeitures (in shares)     453,380      
Acquisition of Non-Controlling Interest (136,153) (136,153) $ 45 (136,198)    
Distribution to Non-Controlling Interests (4,666,665)         (4,666,665)
Common Stock Dividend (3,100,637) (3,100,637)     (3,100,637)  
Net Income 20,058,832 16,056,615     16,056,615 4,002,217
Ending Balance (in shares) at Sep. 30, 2019     44,451,940      
Ending Balance at Sep. 30, 2019 246,888,343 175,873,845 $ 4,445 157,176,223 18,693,177 71,014,498
Beginning Balance (in shares) at Jun. 30, 2019     44,451,940      
Beginning Balance at Jun. 30, 2019 237,693,940 168,776,642 $ 4,445 156,855,761 11,916,436 68,917,298
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 320,462 320,462   320,462    
Common Stock Dividend (1,544,819) (1,544,819)     (1,544,819)  
Net Income 10,418,760 8,321,560     8,321,560 2,097,200
Ending Balance (in shares) at Sep. 30, 2019     44,451,940      
Ending Balance at Sep. 30, 2019 246,888,343 175,873,845 $ 4,445 157,176,223 18,693,177 71,014,498
Beginning Balance (in shares) at Dec. 31, 2019     44,886,122      
Beginning Balance at Dec. 31, 2019 243,071,674 170,245,964 $ 4,489 157,504,895 12,736,580 72,825,710
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 1,915,188 1,915,188   1,915,188    
Acquisition of Non-Controlling Interest (22,500,000)         (22,500,000)
Issuance of restricted shares, net of forfeitures (in shares)     179,540      
Acquisition of Non-Controlling Interest (154,126) (154,126) $ 18 (154,144)    
Net Income 4,812,333 3,762,046     3,762,046 1,050,287
Ending Balance (in shares) at Sep. 30, 2020     45,065,662      
Ending Balance at Sep. 30, 2020 227,145,069 175,769,072 $ 4,507 159,265,939 16,498,626 51,375,997
Beginning Balance (in shares) at Jun. 30, 2020     45,065,662      
Beginning Balance at Jun. 30, 2020 240,966,650 167,825,125 $ 4,507 158,874,237 8,946,381 73,141,525
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 391,702 391,702   391,702    
Acquisition of Non-Controlling Interest (22,500,000)         (22,500,000)
Net Income 8,286,717 7,552,245     7,552,245 734,472
Ending Balance (in shares) at Sep. 30, 2020     45,065,662      
Ending Balance at Sep. 30, 2020 $ 227,145,069 $ 175,769,072 $ 4,507 $ 159,265,939 $ 16,498,626 $ 51,375,997