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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Revenues.    
Voyage charter revenues $ 14,864,184 $ 8,189,289
Time charter revenues 5,372,203 7,374,365
Other revenues 95,514 290,186
Total revenues 20,331,901 15,853,840
Net pool income 15,310,559 0
Expenses    
Voyage expenses 3,523,073 2,785,998
Vessel operating expenses 6,754,086 3,483,123
Management fees-related party   1,125,000
Depreciation and amortization 4,857,427 2,466,942
General and administrative expenses 7,214,280 792,506
Total expenses 22,348,866 10,653,569
Operating income 13,293,594 5,200,271
Other income/(expenses)    
Other income-related party 383,642  
Interest and finance costs (135,800) (178,540)
Interest income 65,585 107,355
Gain/(loss) on derivatives, net 142,395 (1,388,144)
Loss on disposal of assets (105,549)  
Foreign currency gain/(loss), net 9,016 (73,693)
Total other income/(expenses), net 359,289 (1,533,022)
Net income $ 13,652,883 $ 3,667,249
Earnings per common share, basic and diluted (in dollars per share) $ 0.24 $ 0.07