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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 128,233,802 $ 45,159,185
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 33,701,236 31,747,198
Amortization of operating lease right-of-use assets 13,565,758 4,911,389
Amortization of financing costs 627,039 4,895,705
Unrealized gain on derivatives (4,419,868) (5,547,079)
Stock-based compensation expense 4,956,405 2,399,200
Unrealized foreign currency (gain)/loss, net 174,677 1,016,249
Other non-cash items, net (1,844,457) (1,555,005)
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue 2,271,634 853,060
Prepaid expenses and other current assets (4,080,471) 75,950
Due from related parties 2,684,778 2,309,035
Inventories (42,245) (75,365)
Other non-current assets 2,203,434 253,919
Operating lease liabilities - current and long-term (12,661,809) (4,867,626)
Trade accounts payable 2,045,492 (902,148)
Accrued expenses and other liabilities 1,527,882 2,637,577
Due to related parties (151,396) (11,913)
Payments for drydocking costs (5,224,829) (25,454)
Net cash provided by operating activities 163,567,062 83,273,877
Cash flows from investing activities:    
Payments for vessels and vessel capital expenditures (7,351,420) (9,275,235)
Purchase of long-term investments   (1,801,582)
Purchase of investment securities (2,006,088)  
Proceeds from sale of investment securities   2,003,458
Net cash provided by/(used in) investing activities (9,357,508) (9,073,359)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings   290,000,000
Repayment of long-term debt borrowings (26,502,402) (311,421,179)
Repurchase of common stock (2,710,839) (1,669,902)
Financing costs paid   (5,629,115)
Dividends paid (81,568,709) (140,410,227)
Net cash used in financing activities (110,781,950) (169,130,423)
Effects of exchange rates on cash and cash equivalents (182,607) (550,398)
Net increase/(decrease) in cash, cash equivalents, and restricted cash 43,244,997 (95,480,303)
Cash, cash equivalents, and restricted cash at the beginning of the period 148,873,650 236,836,914
Cash, cash equivalents, and restricted cash at the end of the period 192,118,647 141,356,611
Supplemental disclosure of cash flow information    
Cash paid during the period for interest excluding interest capitalized to vessels 19,413,919 13,666,647
Cash paid for amounts included in the measurement of operating lease liabilities 20,752,093 5,042,440
Capitalized drydocking costs included in liabilities 676,088  
Vessel-related capital expenditures included in liabilities 410,909 115,657
Unpaid dividends included in liabilities 640,770 754,391
Financing costs included in liabilities 663,600 1,246,752
Reconcilliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheets to the total amount of such items reported in the statements of cash flows:    
Cash and cash equivalents 192,044,128 141,286,758
Restricted cash - non-current 74,519 69,853
Cash and cash equivalents and restricted cash at end of period shown in the statement of cash flows $ 192,118,647 $ 141,356,611