Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 117,948,614	$ 56,208,902
Accounts receivable (net of allowance of $3,273,083 and $1,990,459 at September 30, 2022 and December 31, 2021, respectively)	42,343,295	54,259,265
Bunker inventory	30,651,975	27,147,760
Advance hire, prepaid expenses and other current assets	31,741,934	46,347,687
Total current assets	222,685,818	183,963,614
Fixed assets, net	465,137,127	471,912,810
Advances for vessel purchases	1,710,000	1,990,000
Finance lease right of use assets, net	44,880,530	45,195,759
Other non-current assets	4,497,445	3,961,823
Total assets	738,910,920	707,024,006
Current liabilities
Accounts payable, accrued expenses and other current liabilities	44,491,725	49,154,439
Related party notes payable	0	242,852
Deferred revenue	17,233,861	32,205,312
Current portion of secured long-term debt	12,916,094	15,443,115
Current portion of finance lease liabilities	16,261,356	14,479,803
Dividend payable	197,741	213,765
Total current liabilities	91,100,777	111,739,286
Secured long-term debt, net	96,447,396	105,836,797
Long-term portion	172,496,539	170,959,553
Long-term liabilities - other - Note 10	21,268,827	17,806,976
Commitments and contingencies - Note 9
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; 45,922,692 shares issued and outstanding at September 30, 2022; 45,617,840 shares issued and outstanding at December 31, 2021	4,592	4,562
Additional paid-in capital	162,704,593	161,534,280
Retained earnings	140,702,171	85,663,375
Total Pangaea Logistics Solutions Ltd. equity	303,411,356	247,202,217
Non-controlling interests	54,186,025	53,479,177
Total stockholders' equity	357,597,381	300,681,394
Total liabilities and stockholders' equity	$ 738,910,920	$ 707,024,006