XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Operations - USD ($)
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Revenues.    
Revenues $ 76,823,722 $ 62,950,738
Expenses    
Voyage expenses 775,545 1,356,392
Charter hire expenses 5,402,145 3,508,070
Vessel operating expenses 17,067,913 20,281,554
Depreciation and amortization 15,809,778 17,142,915
General and administrative expenses 9,413,139 8,038,807
Total expenses 48,468,520 50,327,738
Other income-related parties 591,802 632,888
Operating income 28,947,004 13,255,888
Other income/(expenses)    
Interest and finance costs (7,958,554) (5,649,774)
Interest income 408,278 186,299
Unrealized gain/(loss) on derivatives 2,454,234 433,726
Realized gain/(loss) on derivatives (50,384) (903,718)
Other gain/(loss), net 1,047,142 (1,453,321)
Total other income/(expenses), net (4,099,284) (7,386,788)
Net income $ 24,847,720 $ 5,869,100
Weighted average shares outstanding Basic (in shares) 39,898,485 40,944,845
Weighted average shares outstanding Diluted (in shares) 40,124,705 41,165,138
Earnings per common share - basic (in dollars per share) $ 0.62 $ 0.14
Earnings per common share - diluted (in dollars per share) $ 0.62 $ 0.14
Net pool revenues - related party    
Revenues.    
Revenues $ 70,171,001 $ 55,162,246
Time charter revenues    
Revenues.    
Revenues 6,241,915 5,346,139
Other revenue, net    
Revenues.    
Revenues $ 410,806 $ 2,442,353