v3.26.1
Financial Instruments and Fair Value Disclosures (Details) - USD ($)
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Jun. 26, 2023
Gains and losses on our investment securities included in other gain/(loss), net        
Unrealized gain/(loss) on investment securities $ 1,076,390 $ (1,300,287) $ 1,483,522  
Realized gain on investment securities     872,557  
Net gain/(loss) on investment securities 1,076,390 (1,300,287) 2,356,079  
Carrying value and estimated fair value of our fixed rate debt obligations        
Carrying Value 565,814,195 557,418,442    
2023 A&R Debt Facility        
Carrying value and estimated fair value of our fixed rate debt obligations        
Carrying Value 165,000,000 185,000,000    
2023 A&R Debt Facility | Interest Rate Swaps (July 2029 Termination)        
Financial Instruments and Fair Value Disclosures        
Nominal value       $ 3,500,000
Fixed interest rate (as a percent)       2.8525%
2023 A&R Debt Facility | Interest Rate Swaps (July 2029 Termination) | Designated as hedging instrument        
Financial Instruments and Fair Value Disclosures        
Nominal value $ 132,000,000 148,000,000    
Fixed interest rate (as a percent) 2.8525%      
Final settlement amount $ 80,000,000      
Corsair Japanese Financing        
Carrying value and estimated fair value of our fixed rate debt obligations        
Carrying Value 24,645,833 27,895,834    
Fair Value 24,354,660 27,449,194    
Cresques Japanese Financing        
Carrying value and estimated fair value of our fixed rate debt obligations        
Carrying Value 22,071,744 23,840,367    
Fair Value 23,176,904 25,079,649    
Cratis Japanese Financing        
Carrying value and estimated fair value of our fixed rate debt obligations        
Carrying Value 33,340,000 37,420,000    
Fair Value 32,066,599 35,683,595    
Copernicus Japanese Financing        
Carrying value and estimated fair value of our fixed rate debt obligations        
Carrying Value 33,340,000 37,420,000    
Fair Value 32,066,599 35,683,595    
Chaparral Japanese Financing        
Carrying value and estimated fair value of our fixed rate debt obligations        
Carrying Value 54,594,492 57,316,129    
Fair Value 54,386,863 56,960,711    
Caravelle Japanese Financing        
Carrying value and estimated fair value of our fixed rate debt obligations        
Carrying Value 35,300,000 39,200,000    
Fair Value 33,893,259 37,313,039    
Cougar Japanese Financing        
Carrying value and estimated fair value of our fixed rate debt obligations        
Carrying Value 36,500,000 40,100,000    
Fair Value 37,996,095 41,274,707    
Captain Markos Dual-Fuel Japanese Financing        
Carrying value and estimated fair value of our fixed rate debt obligations        
Carrying Value 48,230,000 50,960,000    
Fair Value 51,115,820 54,060,280    
BALCAP Facility        
Carrying value and estimated fair value of our fixed rate debt obligations        
Carrying Value 49,891,595 58,266,112    
Fair Value 49,119,651 56,498,815    
Level 2 | Not designated as hedging instruments        
Derivatives not designated as hedging instruments        
Gain/(loss) on derivatives, net 599,440 (474,725) 7,498,911  
Level 2 | Interest Rate Swaps | Not designated as hedging instruments        
Derivatives not designated as hedging instruments        
Derivative assets, not designated as hedging instruments 2,337,425 3,497,493    
Level 2 | Interest rate swaps - change in fair value | Not designated as hedging instruments        
Derivatives not designated as hedging instruments        
Gain/(loss) on derivatives, net (1,160,068) (5,786,717) 5,665  
Level 2 | Interest rate swaps - realized gain | Not designated as hedging instruments        
Derivatives not designated as hedging instruments        
Gain/(loss) on derivatives, net $ 1,759,508 5,824,074 $ 7,493,246  
Level 2 | Forward freight agreements - realized loss | Not designated as hedging instruments        
Derivatives not designated as hedging instruments        
Gain/(loss) on derivatives, net   $ (512,082)