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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues.        
Revenues $ 54,710,277 $ 91,624,875 $ 127,875,601 $ 152,790,421
Expenses        
Voyage expenses 858,919 855,023 1,674,114 1,194,137
Charter hire expenses 4,518,850 2,055,000 9,234,448 4,110,000
Vessel operating expenses 21,435,904 17,393,685 38,825,267 33,513,638
Depreciation and amortization 17,202,714 16,473,418 34,093,127 32,739,839
General and administrative expenses 5,912,810 5,895,406 17,215,786 12,631,241
Total expenses 49,929,197 42,672,532 101,042,742 84,188,855
Other income-related parties 632,680 314,084 1,100,703 937,367
Operating income 5,413,760 49,266,427 27,933,562 69,538,933
Other income/(expenses)        
Interest and finance costs (6,665,144) (9,303,373) (15,752,380) (19,000,655)
Interest income 91,349 344,919 216,184 706,955
Unrealized gain/(loss) on derivatives 3,968,686 (667,110) 3,472,880 (6,737,899)
Realized gain/(loss) on derivatives (2,129,695) 709,146 (2,935,924) 1,742,141
Other gain/(loss), net (141,006) 361,887 (228,367) 537,480
Total other income/(expenses), net (4,875,810) (8,554,531) (15,227,607) (22,751,978)
Net income $ 537,950 $ 40,711,896 $ 12,705,955 $ 46,786,955
Weighted average shares outstanding Basic (in shares) 50,711,714 54,646,451 50,632,392 54,599,978
Weighted average shares outstanding Diluted (in shares) 50,754,507 54,763,634 50,716,177 54,825,183
Earnings per common share - basic (in dollars per share) $ 0.01 $ 0.75 $ 0.25 $ 0.86
Earnings per common share - diluted (in dollars per share) $ 0.01 $ 0.74 $ 0.25 $ 0.85
Net pool revenues - related party        
Revenues.        
Revenues $ 49,723,556 $ 80,944,577 $ 116,652,977 $ 131,036,714
Time charter revenues        
Revenues.        
Revenues 4,177,064 10,271,398 9,263,068 21,253,429
Other revenues, net        
Revenues.        
Revenues $ 809,657 $ 408,900 $ 1,959,556 $ 500,278