v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Mar. 31, 2026
Current assets    
Cash and cash equivalents $ 342,141,482 $ 327,409,120
Trade receivables, net and accrued revenues 3,552,552 2,037,495
Due from related parties 190,448,957 97,037,584
Inventories 2,581,435 2,441,578
Vessels held for sale 156,449,076  
Prepaid expenses and other current assets 23,913,034 21,324,303
Total current assets 719,086,536 450,250,080
Fixed assets    
Vessels, net 996,811,228 1,215,930,610
Total fixed assets 996,811,228 1,215,930,610
Other non-current assets    
Deferred charges, net 18,953,383 24,990,338
Derivative instruments 3,270,389 2,337,425
Due from related parties-non-current 22,000,000 26,400,000
Restricted cash-non-current 79,423 79,835
Operating lease right-of-use assets 138,685,264 148,712,528
Other non-current assets 2,943,144 2,991,901
Total assets 1,901,829,367 1,871,692,717
Current liabilities    
Trade accounts payable 8,687,741 7,990,868
Accrued expenses 5,565,363 11,327,406
Due to related parties 557,995
Deferred income 1,862,278 1,981,719
Current portion of long-term operating lease liabilities 44,576,592 46,661,757
Current portion of long-term debt 158,670,500 100,164,502
Dividends payable 933,092 700,366
Total current liabilities 220,853,561 168,826,618
Long-term liabilities    
Long-term debt-net of current portion and deferred financing fees 348,873,457 460,230,191
Long-term operating lease liabilities 94,117,477 102,061,784
Other long-term liabilities 1,465,534 1,577,746
Total long-term liabilities 444,456,468 563,869,721
Total liabilities 665,310,029 732,696,339
Commitments and contingencies
Shareholders' equity    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued nor outstanding
Common stock, $0.01 par value, 450,000,000 shares authorized, 54,647,868 and 54,647,868 shares issued, 42,782,681 and 42,782,681 shares outstanding (net of treasury stock), as of June 30, 2026 and March 31, 2026, respectively 546,478 546,478
Additional paid-in-capital 880,570,312 878,549,693
Treasury stock, at cost; 11,865,187 and 11,865,187 shares as of June 30, 2026 and March 31, 2026, respectively (140,116,177) (140,116,177)
Retained earnings 495,518,725 400,016,384
Total shareholders' equity 1,236,519,338 1,138,996,378
Total liabilities and shareholders' equity $ 1,901,829,367 $ 1,871,692,717