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v3.19.3.a.u2

Condensed Consolidated Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018
Revenues. |  |  |  |
Revenues | $ 85,437,806 | $ 55,113,295 | $ 238,228,227 | $ 123,565,119
Expenses |  |  |  |
Voyage expenses | 1,178,702 | 287,221 | 2,372,839 | 822,618
Charter hire expenses | 2,071,206 |  | 6,181,206 |
Vessel operating expenses | 19,131,124 | 16,773,634 | 52,644,762 | 50,834,364
Depreciation and amortization | 16,710,403 | 16,430,363 | 49,450,242 | 49,133,072
General and administrative expenses | 5,037,783 | 5,156,573 | 17,669,024 | 18,768,996
Professional and legal fees related to the BW Proposal |  | 7,766,847 |  | 10,020,436
Total expenses | 44,129,218 | 46,414,638 | 128,318,073 | 129,579,486
Other income-related parties | 450,169 | 614,633 | 1,387,536 | 1,843,782
Operating income/(loss) | 41,758,757 | 9,313,290 | 111,297,690 | (4,170,585)
Other income/(expenses) |  |  |  |
Interest and finance costs | (8,778,905) | (10,000,018) | (27,779,560) | (30,526,971)
Interest income | 394,876 | 413,546 | 1,101,831 | 1,326,442
Unrealized gain/(loss) on derivatives | 1,446,395 | (6,669,266) | (5,291,504) | (3,910,190)
Realized gain on derivatives | 449,276 | 881,276 | 2,191,417 | 2,494,832
Other gain/(loss), net | 358,513 | (157,480) | 895,993 | (205,858)
Total other income/(expenses), net | (6,129,845) | (15,531,942) | (28,881,823) | (30,821,745)
Net income/(loss) | $ 35,628,912 | $ (6,218,652) | $ 82,415,867 | $ (34,992,330)
Weighted average shares outstanding Basic (in shares) | 53,944,991 | 54,441,203 | 54,380,855 | 54,356,060
Weighted average shares outstanding Diluted (in shares) | 54,176,748 | 54,441,203 | 54,615,843 | 54,356,060
Earnings/(loss) per common share – basic (in dollars per share) | $ 0.66 | $ (0.11) | $ 1.52 | $ (0.64)
Earnings/(loss) per common share – diluted (in dollars per share) | $ 0.66 | $ (0.11) | $ 1.51 | $ (0.64)
Net pool revenue - related party |  |  |  |
Revenues. |  |  |  |
Revenues | $ 77,470,478 | $ 46,683,295 | $ 208,507,192 | $ 94,816,738
Time charter revenue |  |  |  |
Revenues. |  |  |  |
Revenues | 7,859,035 | 8,370,000 | 29,112,464 | 28,477,881
Other revenues, net |  |  |  |
Revenues. |  |  |  |
Revenues | $ 108,293 | $ 60,000 | $ 608,571 | $ 270,500

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