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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Revenues.    
Revenues $ 62,950,738 $ 73,165,324
Expenses    
Voyage expenses 1,356,392 815,195
Charter hire expenses 3,508,070 4,715,598
Vessel operating expenses 20,281,554 17,389,363
Depreciation and amortization 17,142,915 16,890,413
General and administrative expenses 8,038,807 11,302,976
Total expenses 50,327,738 51,113,545
Other income-related parties 632,888 468,023
Operating income 13,255,888 22,519,802
Other income/(expenses)    
Interest and finance costs (5,649,774) (9,087,236)
Interest income 186,299 124,835
Unrealized gain/(loss) on derivatives 433,726 (495,806)
Realized loss on derivatives (903,718) (806,229)
Other gain/(loss), net (1,453,321) (87,361)
Total other income/(expenses), net (7,386,788) (10,351,797)
Net income $ 5,869,100 $ 12,168,005
Weighted average shares outstanding Basic (in shares) 40,944,845 50,554,233
Weighted average shares outstanding Diluted (in shares) 41,165,138 50,679,449
Earnings per common share - basic (in dollars per share) $ 0.14 $ 0.24
Earnings per common share - diluted (in dollars per share) $ 0.14 $ 0.24
Net pool revenues - related party    
Revenues.    
Revenues $ 55,162,246 $ 66,929,421
Time charter revenues    
Revenues.    
Revenues 5,346,139 5,086,004
Other revenues, net    
Revenues.    
Revenues $ 2,442,353 $ 1,149,899