Commitments and Contingencies (Tables)

12 Months Ended

Mar. 31, 2023

Commitments and Contingencies:

Schedule of contractual commitments for scrubber purchases

	March 31, 2023
Less than one year	$	8,951,601
One to three years		174,993
Total	$	9,126,594

Schedule of operating leases

Maturities of operating lease liabilities as of March 31, 2023 were as follows:

Less than one year	$	31,720,834
One to three years		63,977,268
Three to five years		51,807,905
More than 5		40,663,139
Total undiscounted lease payments		188,169,146
Less: imputed interest		(29,979,108)
Carrying value of operating lease liabilities	$	158,190,038

Schedule of future minimum time charter-in commitments

	March 31, 2023
Less than one year	$	11,237,333
One to three years		21,600,000
Three to five years		21,600,000
Thereafter		24,300,000
Total	$	78,737,333

Schedule of future minimum fixed time charter contracts

	March 31, 2023
Less than one year	$	24,660,000
One to three years		7,387,986
Total	$	32,047,986