v3.26.1
Segment Reporting (Tables)
3 Months Ended
Jun. 30, 2026
Segment Reporting:  
Schedule of reportable segment information

Three months ended

(in U.S. dollars)

June 30, 2026

June 30, 2025

Total Revenues

$

187,884,848

$

84,211,966

Gain on disposal of vessel

30,116,869

Less:

Voyage expenses

422,621

1,342,756

Charter hire expenses

22,614,002

10,721,911

Profit sharing expenses

1,676,988

Vessel operating expenses

20,143,217

21,911,606

Other segment items (1)

30,480,036

34,643,884

Operating income

142,664,853

15,591,809

Nonoperating loss(2)

(4,379,831)

(5,509,708)

Net income

$

138,285,022

$

10,082,101

(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, and other gains and losses.