Revenues

3 Months Ended

Jun. 30, 2024

Revenues [Abstract]

Revenues

12. Revenues

Revenues comprise the following:

	Three months ended
	June 30, 2024		June 30, 2023
Net pool revenues—related party	$	109,407,054	$	104,386,551
Time charter revenues		3,414,351		6,423,472
Other revenues, net		1,531,637		752,884
Total revenues	$	114,353,042	$	111,562,907

Net pool revenues—related party depend upon the net results of the Helios Pool, and the operating days and pool points for each vessel. Refer to Note 2 to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended March 31, 2024.

Other revenues, net mainly represent claim reimbursements and income from charterers relating to reimbursement of voyage expenses, such as costs for war risk insurance and security guards.