Pangaea Logistics Solutions Ltd

For the period ended Dec 31, 2023. Filed Mar 14, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 14, 2024

PANL$8.54+5.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Changes in Stockholders' Equity

Pangaea Logistics Solutions Ltd. Consolidated Statements of Changes in Stockholders' Equity

Common Stock · Additional Paid-in Capital · Retained Earnings · Total Pangaea Logistics Solutions Ltd. Equity · Non-Controlling Interest · Total Stockholders' Equity
Shares · Amount
Balance at December 31, 2021	45,617,840	$4,562	$161,534,280	$85,663,375	$247,202,217	$53,479,177	$300,681,394
Share-based compensation	—	—	1,767,726	—	1,767,726	—	1,767,726
Issuance of restricted shares, net of forfeitures	280,555	28	(407,926)	—	(407,898)	—	(407,898)
Distribution to Non-Controlling Interests	—	—	—	—	—	(5,000,000)	(5,000,000)
Common Stock Dividend	—	—	—	(13,827,396)	(13,827,396)	—	(13,827,396)
Net income	—	—	—	79,491,413	79,491,413	6,016,291	85,507,704
Balance at December 31, 2022	45,898,395	$4,590	$162,894,080	$151,327,392	$314,226,062	$54,495,468	$368,721,530
Share-based compensation	—	—	2,087,807	—	2,087,807	—	2,087,807
Issuance of restricted shares, net of forfeitures	568,227	58	(127,341)	—	(127,283)	—	(127,283)
Distribution to Non-Controlling interests	—	—	—	—	—	(10,400,000)	(10,400,000)
Common Stock Dividend	—	—	—	(18,623,893)	(18,623,893)	—	(18,623,893)
Net income	—	—	—	26,323,300	26,323,300	2,214,472	28,537,772
Balance at December 31, 2023	46,466,622	$4,648	$164,854,546	$159,026,799	$323,885,993	$46,309,940	$370,195,933

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.