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Leases (Tables)
6 Months Ended
Sep. 30, 2023
Leases:  
Schedule of charter hire expenses for time chartered-in VLGCs

Three months ended

Six months ended

September 30, 2023

September 30, 2022

September 30, 2023

September 30, 2022

Charter hire expenses

$

12,068,419

$

5,358,333

$

22,615,229

 

$

10,760,478

Schedule of operating lease rent expense

Three months ended

Six months ended

September 30, 2023

September 30, 2022

September 30, 2023

September 30, 2022

Operating lease rent expense

$

125,554

$

162,718

$

278,576

$

317,182

Schedule of operating lease right-of-use assets and liabilities

Description

Location on Balance Sheet

September 30, 2023

March 31, 2023

Assets:

Non-current

Office leases

Operating lease right-of-use assets

$

1,410,623

$

1,654,498

Time charter-in VLGCs

Operating lease right-of-use assets

$

205,824,100

$

156,524,900

Liabilities:

Current

Office Leases

Current portion of long-term operating leases

$

444,385

$

436,810

Time charter-in VLGCs

Current portion of long-term operating leases

$

31,027,175

$

22,970,745

Long-term

Office Leases

Long-term operating leases

$

980,760

$

1,228,328

Time charter-in VLGCs

Long-term operating leases

$

174,796,925

$

133,554,155

Schedule of maturities of operating lease liabilities

Less than one year

$

42,514,634

One to three years

85,886,502

Three to five years

67,837,180

More than five years

49,184,389

Total undiscounted lease payments

245,422,705

Less: imputed interest

(38,173,460)

Carrying value of operating lease liabilities

$

207,249,245