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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Revenues:      
Revenues $ 389,749,215 $ 274,221,448 $ 315,938,812
Expenses      
Voyage expenses 3,611,452 4,324,712 3,409,650
Charter hire expenses 23,194,712 16,265,638 18,135,580
Vessel operating expenses 71,501,771 74,204,218 78,219,869
Depreciation and amortization 63,396,131 66,432,115 68,462,476
General and administrative expenses 32,086,382 30,226,739 33,890,999
Total expenses 193,790,448 191,453,422 202,118,574
Gain on disposal of vessels   7,256,897  
Other income-related parties 2,401,701 2,374,050 2,279,454
Operating income 198,360,468 92,398,973 116,099,692
Other income/(expenses)      
Interest and finance costs (37,803,787) (27,067,395) (27,596,124)
Interest income 3,808,809 347,082 421,464
Unrealized gain on derivatives 2,766,065 11,067,870 7,202,880
Realized gain/(loss) on derivatives 3,771,522 (3,450,443) (4,568,033)
Other gain/(loss), net 1,540,853 (1,361,069) 1,004,774
Total other income/(expenses), net (25,916,538) (20,463,955) (23,535,039)
Net income $ 172,443,930 $ 71,935,018 $ 92,564,653
Weighted average shares outstanding Basic (in shares) 40,026,313 40,203,937 49,729,358
Weighted average shares outstanding Diluted (in shares) 40,211,642 40,365,088 49,826,798
Earnings per common share - basic (in dollars per share) $ 4.31 $ 1.79 $ 1.86
Earnings per common share - diluted (in dollars per share) $ 4.29 $ 1.78 $ 1.86
Net pool revenues - related party      
Revenues:      
Revenues $ 364,548,262 $ 246,305,480 $ 292,679,614
Time charter revenues      
Revenues:      
Revenues 22,709,620 22,377,211 19,492,595
Other revenue, net      
Revenues:      
Revenues $ 2,491,333 $ 5,538,757 $ 3,766,603