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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Revenues.    
Revenues $ 61,165,546 $ 27,644,282
Expenses    
Voyage expenses 339,114 100,173
Charter hire expenses 2,055,000  
Vessel operating expenses 16,119,953 16,685,457
Depreciation and amortization 16,266,421 16,265,056
General and administrative expenses 6,735,835 7,920,286
Professional and legal fees related to the BW Proposal   483,000
Total expenses 41,516,323 41,453,972
Other income-related party 623,283 644,517
Operating income/(loss) 20,272,506 (13,165,173)
Other income/(expenses)    
Interest and finance costs 9,697,282 10,374,281
Interest income 362,036 460,973
Unrealized gain/(loss) on derivatives (6,070,789) 1,707,616
Realized gain on derivatives 1,032,995 782,565
Other gain/(loss), net 175,593 (8,258)
Total other income/(expenses), net (14,197,447) (7,431,385)
Net income/(loss) $ 6,075,059 $ (20,596,558)
Weighted average shares outstanding Basic (in shares) 54,552,994 54,237,237
Weighted average shares outstanding Diluted (in shares) 54,881,326 54,237,237
Earnings/(loss) per common share – basic (in dollars per share) $ 0.11 $ (0.38)
Earnings/(loss) per common share – diluted (in dollars per share) $ 0.11 $ (0.38)
Net pool revenue - related party    
Revenues.    
Revenues $ 50,092,137 $ 16,106,401
Time charter revenue    
Revenues.    
Revenues 10,982,031 11,467,881
Other revenues, net    
Revenues.    
Revenues $ 91,378 $ 70,000