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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, 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 1,393,514 1,393,514   1,393,514    
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)    
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders (5,000,000)         (5,000,000)
Common Stock Dividend (13,969,838) (13,969,838)     (13,969,838)  
Net Income 26,359,872 25,187,098     25,187,098 1,172,774
Ending Balance (in shares) at Sep. 30, 2023     46,466,622      
Ending Balance at Sep. 30, 2023 377,377,795 326,709,553 $ 4,648 164,160,253 162,544,652 50,668,242
Beginning Balance (in shares) at Jun. 30, 2023     46,466,622      
Beginning Balance at Jun. 30, 2023 361,571,731 312,225,300 $ 4,648 163,890,246 148,330,406 49,346,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 270,007 270,007   270,007    
Common Stock Dividend (4,654,045) (4,654,045)     (4,654,045)  
Net Income 20,190,102 18,868,291     18,868,291 1,321,811
Ending Balance (in shares) at Sep. 30, 2023     46,466,622      
Ending Balance at Sep. 30, 2023 377,377,795 326,709,553 $ 4,648 164,160,253 162,544,652 50,668,242
Beginning Balance (in shares) at Dec. 31, 2023     46,466,622      
Beginning Balance at Dec. 31, 2023 370,195,933 323,885,993 $ 4,648 164,854,546 159,026,799 46,309,940
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 2,313,185 2,313,185   2,313,185    
Issuance of restricted shares, net of forfeitures (in shares)     (435,469)      
Issuance of restricted shares, net of forfeitures 0 0 $ 44 (44)    
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders (2,333,334)         (2,333,334)
Common Stock Dividend   (14,077,437)     (14,077,437)  
Net Income 22,716,256 20,467,991     20,467,991 2,248,265
Ending Balance (in shares) at Sep. 30, 2024     46,902,091      
Ending Balance at Sep. 30, 2024 378,814,603 332,589,732 $ 4,692 167,167,687 165,417,353 46,224,871
Beginning Balance (in shares) at Jun. 30, 2024     46,902,091      
Beginning Balance at Jun. 30, 2024 376,809,242 331,530,453 $ 4,692 166,521,852 165,003,909 45,278,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 645,835 645,835   645,835    
Common Stock Dividend   (4,697,596)     (4,697,596)  
Net Income 6,057,122 5,111,040     5,111,040 946,082
Ending Balance (in shares) at Sep. 30, 2024     46,902,091      
Ending Balance at Sep. 30, 2024 $ 378,814,603 $ 332,589,732 $ 4,692 $ 167,167,687 $ 165,417,353 $ 46,224,871