v3.26.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Revenues      
Net pool revenues - related party $ 474,888,842 $ 341,418,480 $ 532,935,157
Time charter revenues   8,252,182 25,895,984
Other revenues, net 6,622,400 3,670,814 1,886,295
Total revenues 481,511,242 353,341,476 560,717,436
Expenses      
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
Depreciation and amortization 71,743,685 69,599,593 68,666,053
General and administrative expenses 53,024,971 42,626,351 39,004,183
Total expenses 274,032,949 243,278,770 234,479,492
Other income - related parties 2,697,216 2,582,126 2,592,291
Operating income 210,175,509 112,644,832 328,830,235
Other income/(expenses)      
Interest and finance costs (29,249,142) (35,812,923) (40,480,428)
Interest income 11,143,856 15,219,621 9,488,328
Unrealized gain/(loss) on derivatives (1,160,068) (5,786,717) 5,665
Realized gain on derivatives 1,759,508 5,311,992 7,493,246
Other gain/(loss), net 996,270 (1,406,325) 2,109,867
Total other expenses, net (16,509,576) (22,474,352) (21,383,322)
Net income $ 193,665,933 $ 90,170,480 $ 307,446,913
Weighted average shares outstanding:      
Basic 42,518,779 42,134,482 40,275,350
Diluted 42,613,805 42,232,353 40,450,567
Earnings per common share - basic $ 4.55 $ 2.14 $ 7.63
Earnings per common share - diluted $ 4.54 $ 2.14 $ 7.6