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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, 2021     45,617,840      
Beginning Balance at Dec. 31, 2021 $ 300,681,394 $ 247,202,217 $ 4,562 $ 161,534,280 $ 85,663,375 $ 53,479,177
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 1,138,785 1,138,785   1,138,785    
Issuance of restricted shares, net of forfeitures (in shares)     (374,137)      
Issuance of restricted shares, net of forfeitures (287,630) (287,630) $ 37 (287,667)    
Distribution to Non-Controlling Interests (5,000,000)         (5,000,000)
Common Stock Dividend (5,613,306) (5,613,306)     (5,613,306)  
Net Income 49,934,635 45,200,398     45,200,398 4,734,237
Ending Balance (in shares) at Jun. 30, 2022     45,991,977      
Ending Balance at Jun. 30, 2022 340,853,878 287,640,464 $ 4,599 162,385,398 125,250,467 53,213,414
Beginning Balance (in shares) at Mar. 31, 2022     45,991,977      
Beginning Balance at Mar. 31, 2022 316,392,869 265,633,762 $ 4,599 162,074,419 103,554,744 50,759,107
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 310,979 310,979   310,979    
Common Stock Dividend (3,336,710) (3,336,710)     (3,336,710)  
Net Income 27,486,740 25,032,433     25,032,433 2,454,307
Ending Balance (in shares) at Jun. 30, 2022     45,991,977      
Ending Balance at Jun. 30, 2022 340,853,878 287,640,464 $ 4,599 162,385,398 125,250,467 53,213,414
Beginning Balance (in shares) at Dec. 31, 2022     45,898,395      
Beginning Balance at Dec. 31, 2022 368,721,530 314,226,062 $ 4,590 162,894,080 151,327,392 54,495,468
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 1,123,507 1,123,507   1,123,507    
Issuance of restricted shares, net of forfeitures (in shares)     (568,227)      
Issuance of restricted shares, net of forfeitures (127,283) (127,283) $ 58 (127,341)    
Distribution to Non-Controlling Interests (5,000,000)         (5,000,000)
Common Stock Dividend   (9,315,793)     (9,315,793)  
Net Income 6,169,770 6,318,807     6,318,807 (149,037)
Ending Balance (in shares) at Jun. 30, 2023     46,466,622      
Ending Balance at Jun. 30, 2023 361,571,731 312,225,300 $ 4,648 163,890,246 148,330,406 49,346,431
Beginning Balance (in shares) at Mar. 31, 2023     46,466,622      
Beginning Balance at Mar. 31, 2023 363,192,351 313,768,238 $ 4,648 163,623,173 150,140,417 49,424,113
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 267,073 267,073   267,073    
Common Stock Dividend   (4,654,551)     (4,654,551)  
Net Income 2,766,858 2,844,540     2,844,540 (77,682)
Ending Balance (in shares) at Jun. 30, 2023     46,466,622      
Ending Balance at Jun. 30, 2023 $ 361,571,731 $ 312,225,300 $ 4,648 $ 163,890,246 $ 148,330,406 $ 49,346,431