XML 20 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Revenues.      
Revenues $ 274,221,448 $ 315,938,812 $ 333,429,998
Expenses      
Voyage expenses 4,324,712 3,409,650 3,242,923
Charter hire expenses 16,265,638 18,135,580 9,861,898
Vessel operating expenses 74,204,218 78,219,869 71,478,369
Depreciation and amortization 66,432,115 68,462,476 66,262,530
General and administrative expenses 30,226,739 33,890,999 23,355,768
Total expenses 191,453,422 202,118,574 174,201,488
Gain on disposal of vessels 7,256,897    
Other income-related parties 2,374,050 2,279,454 1,840,321
Operating income 92,398,973 116,099,692 161,068,831
Other income/(expenses)      
Interest and finance costs (27,067,395) (27,596,124) (36,105,541)
Interest income 347,082 421,464 1,458,725
Unrealized gain/(loss) on derivatives 11,067,870 7,202,880 (18,206,769)
Realized gain/(loss) on derivatives (3,450,443) (4,568,033) 2,800,374
Other gain/(loss), net (1,361,069) 1,004,774 825,638
Total other income/(expenses), net (20,463,955) (23,535,039) (49,227,573)
Net income $ 71,935,018 $ 92,564,653 $ 111,841,258
Weighted average shares outstanding Basic (in shares) 40,203,937 49,729,358 53,881,483
Weighted average shares outstanding Diluted (in shares) 40,365,088 49,826,798 54,115,338
Earnings per common share - basic (in dollars per share) $ 1.79 $ 1.86 $ 2.08
Earnings per common share - diluted (in dollars per share) $ 1.78 $ 1.86 $ 2.07
Net pool revenues - related party      
Revenues.      
Revenues $ 246,305,480 $ 292,679,614 $ 298,079,123
Time charter revenues      
Revenues.      
Revenues 22,377,211 19,492,595 34,111,230
Other revenue, net      
Revenues.      
Revenues $ 5,538,757 $ 3,766,603 $ 1,239,645