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Leases (Tables)
3 Months Ended
Jun. 30, 2021
Leases  
Schedule of time charter-in expenses

Three months ended

June 30, 2021

June 30, 2020

Charter hire expenses

$

3,508,070

$

4,715,598

Schedule of operating lease rent expense

Three months ended

June 30, 2021

June 30, 2020

Operating lease rent expense

$

151,676

$

118,259

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

Description

Location on Balance Sheet

June 30, 2021

Assets:

Non-current

Office leases

Operating lease right-of-use assets

$

528,672

Time charter-in VLGCs

Operating lease right-of-use assets

$

14,789,225

Liabilities:

Current

Office Leases

Current portion of long-term operating leases

$

408,353

Time charter-in VLGCs

Current portion of long-term operating leases

$

9,238,210

Long-term

Office Leases

Long-term operating leases

$

117,284

Time charter-in VLGCs

Long-term operating leases

$

5,551,015

Schedule of maturities of operating lease liabilities

FY 2022

$

10,071,773

FY 2023

5,740,411

Total undiscounted lease payments

15,812,184

Less: imputed interest

(497,322)

Carrying value of operating lease liabilities

$

15,314,862