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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Revenues.        
Revenues $ 68,599,782 $ 88,479,024 $ 194,637,378 $ 216,354,625
Expenses        
Voyage expenses 779,746 752,404 3,200,751 2,426,518
Charter hire expenses 4,917,012 4,392,132 10,829,050 13,626,580
Vessel operating expenses 18,205,762 19,202,291 56,916,054 58,027,558
Depreciation and amortization 16,859,224 17,253,447 50,771,237 51,346,574
General and administrative expenses 5,867,454 5,548,526 23,257,989 22,764,312
Total expenses 46,629,198 47,148,800 144,975,081 148,191,542
Gain on disposal of vessel     3,466,210  
Other income-related parties 580,388 545,311 1,793,663 1,646,014
Operating income 22,550,972 41,875,535 54,922,170 69,809,097
Other income/(expenses)        
Interest and finance costs (7,412,231) (6,087,193) (18,619,712) (21,839,573)
Interest income 53,792 53,197 279,195 269,381
Unrealized gain on derivatives 3,056,741 479,534 4,205,465 3,952,414
Realized loss on derivatives (895,782) (760,991) (2,714,337) (3,696,915)
Other gain/(loss), net (772,607) 265,182 (1,520,993) 36,815
Total other income/(expenses), net (5,970,087) (6,050,271) (18,370,382) (21,277,878)
Net income $ 16,580,885 $ 35,825,264 $ 36,551,788 $ 48,531,219
Weighted average shares outstanding Basic (in shares) 39,890,674 50,255,908 40,305,902 50,511,473
Weighted average shares outstanding Diluted (in shares) 40,025,399 50,368,392 40,460,665 50,605,985
Earnings per common share - basic (in dollars per share) $ 0.42 $ 0.71 $ 0.91 $ 0.96
Earnings per common share - diluted (in dollars per share) $ 0.41 $ 0.71 $ 0.90 $ 0.96
Net pool revenues - related party        
Revenues.        
Revenues $ 62,856,243 $ 82,659,967 $ 174,739,894 $ 199,312,944
Time charter revenues        
Revenues.        
Revenues 5,301,134 4,665,664 15,915,876 13,928,732
Other revenue, net        
Revenues.        
Revenues $ 442,405 $ 1,153,393 $ 3,981,608 $ 3,112,949