v3.26.1
Leases (Tables)
12 Months Ended
Mar. 31, 2026
Leases  
Schedule of operating lease right-of-use assets and liabilities

Our operating lease right-of-use asset and lease liabilities were as follows:

Description

Location on Balance Sheet

March 31, 2026

March 31, 2025

Assets:

Non-current

Office leases

Operating lease right-of-use assets

$

385,102

$

749,451

Time charter-in VLGCs

Operating lease right-of-use assets

$

148,327,426

$

158,462,559

Liabilities:

Current

Office Leases

Current portion of long-term operating leases

$

380,572

$

380,127

Time charter-in VLGCs

Current portion of long-term operating leases

$

46,281,185

$

34,428,076

Long-term

Office Leases

Long-term operating leases

$

15,543

$

385,062

Time charter-in VLGCs

Long-term operating leases

$

102,046,241

$

124,034,483

Schedule of maturities of operating lease liabilities

Maturities of operating lease liabilities as of March 31, 2026 were as follows:

Less than one year

$

53,722,494

One to three years

77,382,615

Three to five years

33,164,389

More than five years

Total undiscounted lease payments

164,269,498

Less: imputed interest

(15,545,957)

Carrying value of operating lease liabilities

$

148,723,541

Time charter-in contracts  
Leases  
Schedule of lease expense

Charter hire expenses for the VLGCs time chartered-in were as follows:

Year ended

March 31, 2026

March 31, 2025

March 31, 2024

Charter hire expenses

$

61,026,689

$

41,393,429

$

43,673,387

Office Leases  
Leases  
Schedule of lease expense

Operating lease rent expense related to our office leases was as follows:

Year ended

March 31, 2026

March 31, 2025

March 31, 2024

Operating lease rent expense

$

568,030

$

554,939

$

558,957