v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Revenues    
Net pool revenues - related party $ 187,804,115 $ 83,842,752
Other revenues, net 80,733 369,214
Total revenues 187,884,848 84,211,966
Expenses    
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
Depreciation and amortization 17,649,067 18,379,147
General and administrative expenses 13,500,048 16,910,101
Total expenses 76,005,943 69,265,521
Gain on disposal of vessel 30,116,869  
Other income - related parties 669,079 645,364
Operating income 142,664,853 15,591,809
Other income/(expenses)    
Interest and finance costs (8,695,333) (7,714,797)
Interest income 2,979,719 2,843,446
Unrealized gain/(loss) on derivatives 932,965 (1,183,841)
Realized gain on derivatives 286,510 539,429
Other gain/(loss), net 116,308 6,055
Total other expenses, net (4,379,831) (5,509,708)
Net income $ 138,285,022 $ 10,082,101
Weighted average shares outstanding:    
Basic 42,549,955 42,427,473
Diluted 42,731,551 42,488,024
Earnings per common share - basic $ 3.25 $ 0.24
Earnings per common share - diluted $ 3.24 $ 0.24