v3.26.1
Segment Reporting (Tables)
12 Months Ended
Mar. 31, 2026
Segment Reporting:  
Schedule of reportable segment information

The following is a summary of information for our single reportable segment:

Year ended

(in U.S. dollars)

March 31, 2026

March 31, 2025

March 31, 2024

Total Revenues

$

481,511,242

$

353,341,476

$

560,717,436

Less:

Voyage expenses

5,467,468

 

4,252,035

 

2,674,179

Charter hire expenses

61,026,689

 

41,393,429

 

43,673,387

Profit sharing expenses

1,732,787

Vessel operating expenses

81,037,349

 

85,407,362

 

80,461,690

Other segment items (1)

122,071,440

 

109,643,818

 

105,077,945

Operating income

210,175,509

 

112,644,832

 

328,830,235

Nonoperating loss(2)

(16,509,576)

(22,474,352)

(21,383,322)

Net income

$

193,665,933

$

90,170,480

$

307,446,913

(1)Other segment items include depreciation and amortization, general and administrative expenses, and other operating income and expenses.

(2)Nonoperating loss includes interest and finance costs, interest income, gains and losses on derivatives, other gains and losses.