Pangaea Logistics Solutions Ltd.
For the period ended Dec 31, 2024. Filed Mar 18, 2025.
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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.
FY2024 · Filed Mar 18, 2025
PANL$8.12+7.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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, 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 |
| Share-based compensation | — | — | 2,788,190 | — | 2,788,190 | — | 2,788,190 |
| Equity Consideration for Strategic Shipping Inc. Acquisition | 18,059,342 | 1,806 | 91,017,280 | — | 91,019,086 | — | 91,019,086 |
| Issuance of restricted shares, net of forfeitures | 435,469 | 44 | (44) | — | — | — | — |
| Distribution to Non-Controlling interests | — | — | — | — | — | (2,333,334) | (2,333,334) |
| Common Stock Dividend | — | — | — | (18,775,033) | (18,775,033) | — | (18,775,033) |
| Net income | — | — | — | 28,903,383 | 28,903,383 | 2,866,110 | 31,769,493 |
| Balance at December 31, 2024 | 64,961,433 | $6,498 | $258,659,972 | $169,155,149 | $427,821,619 | $46,842,716 | $474,664,335 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.