XML 27 R15.htm IDEA: XBRL DOCUMENT v3.3.1.900
Revenues
9 Months Ended
Dec. 31, 2015
Revenues.  
Revenues

9. Revenues

 

Revenues comprise the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three months ended 

    

Nine months ended

 

 

 

December 31, 2015

    

December 31, 2014

 

December 31, 2015

    

December 31, 2014

 

Net pool revenues—related party

 

$

66,044,777

 

$

 —

 

$

130,701,023

 

$

 —

 

Voyage charter revenues

 

 

15,567,844

 

 

25,516,971

 

 

46,013,858

 

 

47,444,311

 

Time charter revenues

 

 

11,237,746

 

 

6,965,705

 

 

26,169,581

 

 

20,713,290

 

Other revenues

 

 

433,341

 

 

101,314

 

 

988,138

 

 

638,440

 

Total

 

$

93,283,708

 

$

32,583,990

 

$

203,872,600

 

$

68,796,041

 

 

Net pool revenues—related party depend upon the net results of the Helios Pool, operating days and pool points for each vessel. See Note 3 to our unaudited interim condensed consolidated financial statements.

 

Time charter revenue included a profit-sharing element of the time charter agreements of $2.4 million and $7.8 million for the three and nine months ended December 31, 2014, respectively. There was no profit-sharing element of the time charter agreements for the three and nine months ended December 31, 2015. Other revenues represents income from charterers relating to reimbursement of voyage expenses such as costs for security guards and war risk insurance.