Long-term Debt (Tables)

3 Months Ended

Jun. 30, 2024

Long-term Debt:

Schedule of outstanding debt obligations

	June 30, 2024		March 31, 2024
2023 A&R Debt Facility/2022 Debt Facility	$	200,000,000	$	205,000,000
Japanese Financings
Corsair Japanese Financing	$	30,333,334	$	31,145,834
Cresques Japanese Financing		25,166,835		25,608,991
Cratis Japanese Financing		40,480,000		41,500,000
Copernicus Japanese Financing		40,480,000		41,500,000
Chaparral Japanese Financing		59,264,225		59,896,473
Caravelle Japanese Financing		41,600,000		42,500,000
Cougar Japanese Financing		42,800,000		43,700,000
Captain Markos Dual-Fuel Japanese Financing		52,640,000		53,270,000
Total Japanese Financings	$	332,764,394	$	339,121,298
BALCAP Facility	$	64,342,815	$	66,330,459
Total debt obligations	$	597,107,209	$	610,451,757
Less: deferred financing fees		5,041,716		5,359,227
Debt obligations—net of deferred financing fees	$	592,065,493	$	605,092,530
Presented as follows:
Current portion of long-term debt	$	53,654,384	$	53,543,315
Long-term debt—net of current portion and deferred financing fees		538,411,109		551,549,215
Total	$	592,065,493	$	605,092,530

Schedule of deferred financing fees

	Financing
	costs
Balance, April 1, 2024	$	5,359,227
Amortization		(317,511)
Balance, June 30, 2024	$	5,041,716