Financial Instruments and Fair Value Disclosures (Tables)

9 Months Ended

Dec. 31, 2023

Financial Instruments and Fair Value Disclosures:

Schedule of derivative instruments location on the statement of financial position

		December 31, 2023				March 31, 2023
	Other non-current assets		Long-term liabilities		Other non-current assets		Long-term liabilities
Derivatives not designated as hedging instruments	Derivative instruments		Derivative instruments		Derivative instruments		Derivative instruments
Interest rate swap agreements	$	7,628,093	$	—	$	9,278,544	$	—

Schedule of derivative instruments effect within the unaudited interim consolidated statement of operations

		Three months ended
Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	December 31, 2023		December 31, 2022
Interest rate swaps—change in fair value	Unrealized loss on derivatives	$	(6,070,320)	$	(700,015)
Interest rate swaps—realized gain	Realized gain on derivatives		1,916,347		1,404,004
Gain/(Loss) on derivatives, net		$	(4,153,973)	$	703,989

		Nine months ended
Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	December 31, 2023		December 31, 2022
Interest rate swaps—change in fair value	Unrealized gain/(loss) on derivatives		(1,650,452)		4,847,064
Interest rate swaps—realized gain	Realized gain on derivatives		5,692,328		1,997,815
Gain on derivatives, net		$	4,041,876	$	6,844,879

Schedule of derivative instruments summary of gains and losses on investment securities

	Three months ended
	December 31, 2023		December 31, 2022
Unrealized gain on investment securities	$	103,127	$	206,691
Realized gain on investment securities		872,557		—
Net gain on investment securities	$	975,684	$	206,691
	Nine months ended
	December 31, 2023		December 31, 2022
Unrealized gain on investment securities	$	1,209,363	$	1,013,794
Realized gain on investment securities		872,557		776,770
Net gain on investment securities	$	2,081,920	$	1,790,564

Schedule of carrying values and estimated fair values of fixed rate debt obligations

	December 31, 2023				March 31, 2023
	Carrying Value		Fair Value		Carrying Value		Fair Value
Corsair Japanese Financing	$	31,958,334	$	30,913,851	$	34,395,834	$	33,051,190
Cresques Japanese Financing		26,051,147		27,167,568		27,377,615		27,377,615
Cratis Japanese Financing		42,520,000		39,709,573		45,580,000		42,185,289
Copernicus Japanese Financing		42,520,000		39,709,573		45,580,000		42,185,289
Chaparral Japanese Financing		60,520,350		59,271,538		62,342,859		60,701,217
Caravelle Japanese Financing		43,400,000		40,502,655		46,100,000		42,707,169
Cougar Japanese Financing		44,600,000		45,457,642		47,300,000		47,300,000
Captain Markos Dual-Fuel Japanese Financing		53,900,000		56,564,960		55,790,000		55,790,000
BALCAP Facility		68,299,438		64,450,037		74,096,125		69,032,167