Pangaea Logistics Solutions Ltd.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $22.3m $34.5m $53.6m $50.6m $46.9m $56.2m $128.4m $99.0m $86.8m $103.1m
Prepaid Expense and Other Assets, Current $6.4m $12.0m $12.2m $18.8m $19.5m $46.3m $28.3m $28.3m $30.0m $28.5m
Inventory, Net $13.2m $15.4m $19.2m $21.0m $16.0m $27.1m $29.1m $16.6m $32.8m $28.4m
Assets, Current $68.5m $83.0m $113.5m $127.0m $113.0m $184.0m $222.5m $191.8m $192.0m $215.8m
Property, Plant and Equipment, Net $275.3m $306.3m $281.9m $281.5m $276.7m $471.9m $476.5m $474.3m $707.8m $677.5m
Goodwill $0 $3.1m $3.1m $3.1m
Intangible Assets, Net (Excluding Goodwill) $1.2m $1.7m
Other Assets, Noncurrent $1.7m $4.0m $5.3m $5.6m $4.8m $4.6m
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $20.5m $21.1m $28.5m $28.3m $29.2m $54.3m $36.8m $47.9m $42.4m $55.9m
Accrued Liabilities, Current $7.0m $11.9m $7.4m $14.9m $10.7m $16.3m $11.8m $14.0m $11.5m $54.3m
Assets $362.2m $423.3m $453.5m $479.9m $450.4m $707.0m $748.2m $705.2m $936.5m $928.1m
LIABILITIES AND EQUITY
Current liabilities:
Accounts Payable, Current $15.4m $15.7m $19.9m $24.2m $18.7m $21.1m $10.0m $6.3m $14.8m $14.3m
Long-term Debt, Current Maturities $19.6m $19.0m $20.1m $23.0m $57.4m $15.4m $15.8m $30.8m $16.6m $16.9m
Long-term Debt, Excluding Current Maturities $128.8m $138.5m $95.4m $83.6m $57.4m $15.4m $15.8m $30.8m $129.3m $97.2m
Deferred Revenue, Current $6.4m $5.8m $14.7m $14.4m $12.8m $32.2m $20.9m $15.6m $15.4m $24.9m
Dividends Payable, Current $12.6m $7.2m $4.1m $632k $1.0m $214k $626k $1.1m $1.2m $1.2m
Dividends Payable $12.6m $7.2m $4.1m $632k $1.0m $214k $626k $1.1m $1.2m $1.2m
Liabilities, Current $77.9m $70.0m $79.0m $90.9m $110.8m $111.7m $92.2m $105.3m $109.1m $128.0m
Other Liabilities, Noncurrent $4.8m $10.1m $17.8m $20.0m $17.9m $0
Stockholders’ equity:
Preferred Stock, Value, Issued $0 $0 $0 $0 $0 $0 $0 $0 $0 $7k
Common Stock, Value, Issued $4k $4k $4k $4k $5k $5k $5k $5k $6k $7k
Additional Paid in Capital $133.7m $154.9m $155.9m $157.5m $159.6m $161.5m $162.9m $164.9m $258.7m $257.1m
Retained Earnings (Accumulated Deficit) ($17.4m) ($9.6m) $5.7m $12.7m $23.2m $85.7m $151.3m $159.0m $169.2m $172.3m
Stockholders' Equity Attributable to Parent $116.3m $145.4m $161.7m $170.2m $182.8m $247.2m $314.2m $323.9m $427.8m $429.3m
Stockholders' Equity Attributable to Noncontrolling Interest $60.4m $65.3m $71.7m $72.8m $51.7m $53.5m $54.5m $46.3m $46.8m $45.4m
Liabilities and Equity $362.2m $423.3m $453.5m $479.9m $450.4m $707.0m $748.2m $705.2m $936.5m $928.1m