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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
Balance (in shares) at Dec. 31, 2018     43,998,560      
Balance at Dec. 31, 2018 $ 233,366,997 $ 161,688,051 $ 4,400 $ 155,946,452 $ 5,737,199 $ 71,678,946
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 1,045,507 1,045,507   1,045,507    
Issuance of restricted shares, net of forfeitures (in shares)     453,380      
Issuance of restricted shares, net of forfeitures (136,153) (136,153) $ 45 (136,198)    
Distribution to Non-Controlling Interests (4,666,665)         (4,666,665)
Common Stock Dividend (1,555,818) (1,555,818)     (1,555,818)  
Net income 9,640,072 7,735,055     7,735,055 1,905,017
Balance (in shares) at Jun. 30, 2019     44,451,940      
Balance at Jun. 30, 2019 237,693,940 168,776,642 $ 4,445 156,855,761 11,916,436 68,917,298
Balance (in shares) at Mar. 31, 2019     44,504,090      
Balance at Mar. 31, 2019 238,522,602 166,065,204 $ 4,450 156,621,001 9,439,753 72,457,398
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 370,908 370,908   370,908    
Issuance of restricted shares, net of forfeitures (in shares)     (52,150)      
Issuance of restricted shares, net of forfeitures (136,153) (136,153) $ (5) (136,148)    
Distribution to Non-Controlling Interests (4,666,665)         (4,666,665)
Common Stock Dividend (1,555,818) (1,555,818)     (1,555,818)  
Net income 5,159,066 4,032,501     4,032,501 1,126,565
Balance (in shares) at Jun. 30, 2019     44,451,940      
Balance at Jun. 30, 2019 237,693,940 168,776,642 $ 4,445 156,855,761 11,916,436 68,917,298
Balance (in shares) at Dec. 31, 2019     44,886,122      
Balance at Dec. 31, 2019 243,071,674 170,245,964 $ 4,489 157,504,895 12,736,580 72,825,710
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 1,523,486 1,523,486   1,523,486    
Issuance of restricted shares, net of forfeitures (in shares)     179,540      
Issuance of restricted shares, net of forfeitures (154,126) (154,126) $ 18 (154,144)    
Net income (3,474,384) (3,790,199)     (3,790,199) 315,815
Balance (in shares) at Jun. 30, 2020     45,065,662      
Balance at Jun. 30, 2020 240,966,650 167,825,125 $ 4,507 158,874,237 8,946,381 73,141,525
Balance (in shares) at Mar. 31, 2020     45,112,062      
Balance at Mar. 31, 2020 237,361,633 164,510,194 $ 4,512 158,564,477 5,941,205 72,851,439
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 420,717 420,717   420,717    
Issuance of restricted shares, net of forfeitures (in shares)     (46,400)      
Issuance of restricted shares, net of forfeitures (110,962) (110,962) $ (5) (110,957)    
Net income 3,295,262 3,005,176     3,005,176 290,086
Balance (in shares) at Jun. 30, 2020     45,065,662      
Balance at Jun. 30, 2020 $ 240,966,650 $ 167,825,125 $ 4,507 $ 158,874,237 $ 8,946,381 $ 73,141,525