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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 45,159,185 $ 19,970,903
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31,747,198 33,912,013
Amortization of operating lease right-of-use assets 4,911,389 4,742,924
Amortization of financing costs 4,895,705 1,370,929
Unrealized (gain)/loss on derivatives (5,547,079) (1,148,724)
Stock-based compensation expense 2,399,200 1,937,378
Gain on disposal of vessels   (3,466,210)
Unrealized foreign currency (gain)/loss, net 1,016,249 166,990
Other non-cash items, net (1,555,005) 584,810
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue 853,060 (145,009)
Prepaid expenses and other current assets 75,950 (2,772,407)
Due from related parties 2,309,035 26,710,137
Inventories (75,365) 172,148
Other non-current assets 253,919 (330,691)
Operating lease liabilities-current and long-term (4,867,626) (4,752,052)
Trade accounts payable (902,148) (256,884)
Accrued expenses and other liabilities 2,637,577 (292,299)
Due to related parties (11,913) (80,369)
Payments for drydocking costs (25,454) (2,633,424)
Net cash provided by operating activities 83,273,877 73,690,163
Cash flows from investing activities:    
Payments for vessel under construction and vessel capital expenditures (9,275,235) (12,713,099)
Payments for long-term investments 1,801,582  
Purchases of investment securities   (2,250,681)
Proceeds from sale of investment securities 2,003,458 3,742,429
Proceeds from disposal of vessels   43,423,787
Net cash provided by/(used in) investing activities (9,073,359) 32,202,436
Cash flows from financing activities:    
Proceeds from long-term debt borrowings 290,000,000  
Repayment of long-term debt borrowings (311,421,179) (25,910,141)
Repurchase of common stock (1,669,902) (20,868,757)
Financing costs paid (5,629,115) (68,604)
Dividends paid (140,410,227) (40,207,344)
Net cash used in financing activities (169,130,423) (87,054,846)
Effects of exchange rates on cash and cash equivalents (550,398) (63,115)
Net increase/(decrease) in cash, cash equivalents, and restricted cash (95,480,303) 18,774,638
Cash, cash equivalents, and restricted cash at the beginning of the period 236,836,914 84,727,199
Cash, cash equivalents, and restricted cash at the end of the period 141,356,611 103,501,837
Reconcilliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheets to the total amount of such items reported in the statements of cash flows:    
Cash and cash equivalents 141,286,758  
Restricted cash - non-current 69,853  
Cash and cash equivalents and restricted cash at end of period shown in the statement of cash flows $ 141,356,611 $ 103,501,837