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Unaudited Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Revenues:    
Revenues $ 111,562,907 $ 76,823,722
Expenses    
Voyage expenses 298,383 775,545
Charter hire expenses 10,546,810 5,402,145
Vessel operating expenses 19,842,386 17,067,913
Depreciation and amortization 16,655,317 15,809,778
General and administrative expenses 9,218,137 9,413,139
Total expenses 56,561,033 48,468,520
Other income-related parties 620,433 591,802
Operating income 55,622,307 28,947,004
Other income/(expenses)    
Interest and finance costs (10,403,849) (7,958,554)
Interest income 1,690,220 408,278
Unrealized gain on derivatives 2,859,274 2,454,234
Realized gain/(loss) on derivatives 1,847,764 (50,384)
Other gain, net 105,421 1,047,142
Total other income/(expenses), net (3,901,170) (4,099,284)
Net income $ 51,721,137 $ 24,847,720
Weighted average shares outstanding Basic (in shares) 40,137,687 39,898,485
Weighted average shares outstanding Diluted (in shares) 40,378,835 40,124,705
Earnings per common share - basic (in dollars per share) $ 1.29 $ 0.62
Earnings per common share - diluted (in dollars per share) $ 1.28 $ 0.62
Net pool revenues - related party    
Revenues:    
Revenues $ 104,386,551 $ 70,171,001
Time charter revenues    
Revenues:    
Revenues 6,423,472 6,241,915
Other revenue, net    
Revenues:    
Revenues $ 752,884 $ 410,806