Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 102,175,390	$ 56,208,902
Accounts receivable (net of allowance of $2,509,255 and $1,990,459 at June 30, 2022 and December 31, 2021, respectively)	41,100,379	54,259,265
Bunker inventory	52,823,684	27,147,760
Advance hire, prepaid expenses and other current assets	38,063,875	46,347,687
Total current assets	234,163,328	183,963,614
Fixed assets, net	469,965,208	471,912,810
Advances for vessel purchases	0	1,990,000
Finance lease right of use assets, net	46,296,661	45,195,759
Other non-current Assets	4,198,766	3,961,823
Total assets	754,623,963	707,024,006
Current liabilities
Accounts payable, accrued expenses and other current liabilities	65,304,630	49,154,439
Related party debt	0	242,852
Deferred revenue	24,346,521	32,205,312
Current portion of secured long-term debt	12,891,501	15,443,115
Current portion of finance lease liabilities	16,153,750	14,479,803
Dividend payable	197,741	213,765
Total current liabilities	118,894,143	111,739,286
Secured long-term debt, net	99,587,978	105,836,797
Finance lease liabilities, net	176,437,981	170,959,553
Long-term liabilities - other - Note 8	18,849,983	17,806,976
Commitments and contingencies - Note 7
Stockholders' equity:
Preferred stock, $0.0001 par value, 1,000,000 shares authorized and no shares issued or outstanding	0	0
Common stock, $0.0001 par value, 100,000,000 shares authorized; 46,006,182 shares issued and outstanding at June 30, 2022; 45,617,840 shares issued and outstanding at December 31, 2021	4,599	4,562
Additional paid-in capital	162,385,398	161,534,280
Retained earnings	125,250,467	85,663,375
Total Pangaea Logistics Solutions Ltd. equity	287,640,464	247,202,217
Non-controlling interests	53,213,414	53,479,177
Total stockholders' equity	340,853,878	300,681,394
Total liabilities and stockholders' equity	$ 754,623,963	$ 707,024,006