XML 38 R26.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
6 Months Ended
Sep. 30, 2020
Leases  
Schedule of time charter-in expenses

Three months ended

Six months ended

September 30, 2020

September 30, 2019

September 30, 2020

September 30, 2019

Charter hire expenses

$

4,518,850

$

2,055,000

$

9,234,448

$

4,110,000

Schedule of operating lease rent expense

Three months ended

Six months ended

September 30, 2020

September 30, 2019

September 30, 2020

September 30, 2019

Operating lease rent expense

$

143,608

$

127,664

$

261,867

$

250,016

Schedule of operating lease right-of-use assets and liabilities

Description

Location on Balance Sheet

September 30, 2020

Assets:

Non-current

Office leases

Operating lease right-of-use assets

$

834,413

Time charter-in VLGCs

Operating lease right-of-use assets

$

21,495,684

Liabilities:

Current

Office Leases

Current portion of long-term operating leases

$

425,345

Time charter-in VLGCs

Current portion of long-term operating leases

$

8,982,704

Long-term

Office Leases

Long-term operating leases

$

411,929

Time charter-in VLGCs

Long-term operating leases

$

12,512,980

Schedule of maturities of operating lease liabilities

Remainder of FY 2021

$

5,047,989

FY 2022

10,104,389

FY 2023

8,222,917

Total undiscounted lease payments

23,375,295

Less: imputed interest

(1,042,337)

Carrying value of lease liabilities

$

22,332,958