Financial Instruments and Fair Value Disclosures (Tables)

3 Months Ended

Jun. 30, 2022

Financial Instruments and Fair Value Disclosures

Schedule of financial derivatives

		June 30, 2022				March 31, 2022
	Current assets		Current liabilities		Current assets		Current liabilities
Derivatives not designated as hedging instruments	Derivative instruments		Derivative instruments		Derivative instruments		Derivative instruments
Interest rate swap agreements	$	—	$	—	$	—	$	—
		June 30, 2022				March 31, 2022
	Other non-current assets		Long-term liabilities		Other non-current assets		Long-term liabilities
Derivatives not designated as hedging instruments	Derivative instruments		Derivative instruments		Derivative instruments		Derivative instruments
Interest rate swap agreements	$	8,966,713	$	—	$	6,512,479	$	—

Schedule of effect of derivative instruments on the consolidated statement of operations

		Three months ended
Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	June 30, 2022		June 30, 2021
Interest rate swaps—change in fair value	Unrealized gain/(loss) on derivatives		2,454,234		433,726
Interest rate swaps—realized loss	Realized gain/(loss) on derivatives		(50,384)		(903,718)
Gain/(loss) on derivatives, net		$	2,403,850	$	(469,992)

Summary of gains and losses on investment securities

	Three months ended
	June 30, 2022		June 30, 2021
Unrealized gain/(loss) on investment securities	$	768,335	$	(1,359,671)
Less: Realized gain on investment securities		776,770		305
Net gain/(loss) on investment securities	$	1,545,105	$	(1,359,366)

Summary of carrying value and estimated fair value of Japanese Financings

	June 30, 2022				March 31, 2022
	Carrying Value		Fair Value		Carrying Value		Fair Value
Corsair Japanese Financing	$	36,833,334	$	35,843,886	$	37,645,833	$	36,904,683
Concorde Japanese Financing		41,461,538		40,238,243		42,269,231		41,352,417
Corvette Japanese Financing		42,000,000		40,761,723		42,807,692		41,862,894
Cratis Japanese Financing		48,640,000		45,456,275		49,660,000		46,716,277
Copernicus Japanese Financing		48,640,000		45,456,275		49,660,000		46,716,277
Chaparral Japanese Financing		64,093,936		63,239,553		64,662,242		64,321,963
Caravelle Japanese Financing		48,800,000		45,593,976		49,700,000		46,792,400
BALCAP Facility	$	79,731,035	$	75,083,530	$	81,574,172	$	77,063,912