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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues.        
Revenues $ 75,968,187 $ 63,086,858 $ 152,791,909 $ 126,037,596
Expenses        
Voyage expenses 1,367,618 1,064,613 2,143,163 2,421,005
Charter hire expenses 5,358,333 2,403,968 10,760,478 5,912,038
Vessel operating expenses 17,554,707 18,428,738 34,622,620 38,710,292
Depreciation and amortization 15,937,420 16,769,098 31,747,198 33,912,013
General and administrative expenses 8,176,031 9,351,728 17,589,170 17,390,535
Total expenses 48,394,109 48,018,145 96,862,629 98,345,883
Gain on disposal of vessels   3,466,210   3,466,210
Other income-related parties 563,738 580,387 1,155,540 1,213,275
Operating income 28,137,816 19,115,310 57,084,820 32,371,198
Other income/(expenses)        
Interest and finance costs (11,997,163) (5,557,707) (19,955,717) (11,207,481)
Interest income 767,211 39,104 1,175,489 225,403
Unrealized gain/(loss) on derivatives 3,092,845 714,998 5,547,079 1,148,724
Realized gain/(loss) on derivatives 644,195 (914,837) 593,811 (1,818,555)
Other gain/(loss), net (333,439) 704,935 713,703 (748,386)
Total other income/(expenses), net (7,826,351) (5,013,507) (11,925,635) (12,400,295)
Net income $ 20,311,465 $ 14,101,803 $ 45,159,185 $ 19,970,903
Weighted average shares outstanding Basic (in shares) 40,021,368 40,011,505 39,960,262 40,475,625
Weighted average shares outstanding Diluted (in shares) 40,159,117 40,114,942 40,142,493 40,639,073
Earnings per common share - basic (in dollars per share) $ 0.51 $ 0.35 $ 1.13 $ 0.49
Earnings per common share - diluted (in dollars per share) $ 0.51 $ 0.35 $ 1.12 $ 0.49
Net pool revenues - related party        
Revenues.        
Revenues $ 70,585,169 $ 56,721,405 $ 140,756,170 $ 111,883,651
Time charter revenues        
Revenues.        
Revenues 5,197,542 5,268,603 11,439,457 10,614,742
Other revenue, net        
Revenues.        
Revenues $ 185,476 $ 1,096,850 $ 596,282 $ 3,539,203