Pangaea Logistics Solutions (PANL) Balance Sheet

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CURRENT ASSETS:
Cash and cash equivalents	69.93M
Short-term investments	246.28M
Accounts receivable	17.98M
Inventory	16.47M
Other current assets	5.56M
Total current assets	366.32M
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $18,376,487 and $17,335,662	22.61M
ACQUIRED TECHNOLOGY, net of accumulated amortization of $16,984,912 and $16,950,718	162.47M
OTHER ASSETS	543K
TOTAL ASSETS	580M
CURRENT LIABILITIES:
Accounts payable	6.37M
Accrued expenses	10.7M
Deferred revenue	10.23M
Stock warrant liability
Other current liabilities	423K
Total current liabilities	27.72M
DEFERRED REVENUE	34.07M
RETIREMENT PLAN BENEFIT LIABILITY	24.29M
Total liabilities	86.08M
SHAREHOLDERS' EQUITY:
Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding (liquidation value of $7.50 per share or $1,500,000)	2K
Common Stock, par value $0.01 per share, 100,000,000 shares authorized, 46,061,998 and 38,936,571 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively	483K
Additional paid-in capital	593.17M
Accumulated deficit	-49.88M
Accumulated other comprehensive loss	-9.7M
Total shareholders' equity	493.92M
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	580M

Entities mentioned with PANL