v3.26.1
Long-term Debt (Tables)
3 Months Ended
Jun. 30, 2026
Long-term Debt:  
Schedule of outstanding debt obligations

  ​ ​ ​

June 30, 2026

  ​ ​ ​

March 31, 2026

 

2023 A&R Debt Facility

$

144,000,000

$

165,000,000

Areion Facility

$

62,900,531

62,900,531

BALCAP Facility

$

47,748,113

$

49,891,595

Japanese Financings

Corsair Japanese Financing

$

$

24,645,833

Cresques Japanese Financing

21,629,588

22,071,744

Cratis Japanese Financing

32,320,000

33,340,000

Copernicus Japanese Financing

32,320,000

33,340,000

Chaparral Japanese Financing

53,891,108

54,594,492

Caravelle Japanese Financing

34,400,000

35,300,000

Cougar Japanese Financing

35,600,000

36,500,000

Captain Markos Dual-Fuel Japanese Financing

47,600,000

48,230,000

Total Japanese Financings

$

257,760,696

$

288,022,069

Total debt obligations

$

512,409,340

$

565,814,195

Less: deferred financing fees

4,865,383

5,419,502

Debt obligations—net of deferred financing fees

$

507,543,957

$

560,394,693

Presented as follows:

Current portion of long-term debt

 

$

158,670,500

$

100,164,502

Long-term debt—net of current portion and deferred financing fees

 

348,873,457

460,230,191

Total

 

$

507,543,957

$

560,394,693

Schedule of changes in deferred financing fees

The analysis and movement of deferred financing fees is presented in the table below:

  ​ ​ ​

Financing

costs

Balance, April 1, 2026

 

$

5,419,502

Amortization

(554,119)

Balance, June 30, 2026

$

4,865,383