v3.26.1
Leases (Tables)
3 Months Ended
Jun. 30, 2026
Leases  
Schedule of operating lease right-of-use assets and liabilities

Description

Location on Balance Sheet

June 30, 2026

March 31, 2026

Assets:

Non-current

Office leases

Operating lease right-of-use assets

$

2,110,157

$

385,102

Time charter-in VLGCs

Operating lease right-of-use assets

$

136,575,107

$

148,327,426

Liabilities:

Current

Office Leases

Current portion of long-term operating leases

$

333,157

$

380,572

Time charter-in VLGCs

Current portion of long-term operating leases

$

44,243,435

$

46,281,185

Long-term

Office Leases

Long-term operating leases

$

1,785,805

$

15,543

Time charter-in VLGCs

Long-term operating leases

$

92,331,672

$

102,046,241

Schedule of maturities of operating lease liabilities

Less than one year

$

51,093,720

One to three years

75,334,338

Three to five years

26,192,639

More than five years

Total undiscounted lease payments

152,620,697

Less: imputed interest

(13,926,628)

Carrying value of operating lease liabilities

$

138,694,069

Time charter-in contracts  
Leases  
Schedule of lease expense

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

Three months ended

June 30, 2026

June 30, 2025

Charter hire expenses

$

22,614,002

$

10,721,911

Office Leases  
Leases  
Schedule of lease expense

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

Three months ended

June 30, 2026

June 30, 2025

Operating lease rent expense

$

207,010

$

126,942