Financial Instruments and Fair Value Disclosures (Tables)

3 Months Ended

Jun. 30, 2024

Financial Instruments and Fair Value Disclosures:

Schedule of derivative instruments location on the statement of financial position

		June 30, 2024				March 31, 2024
	Current assets		Current liabilities		Current assets		Current liabilities
Derivatives not designated as hedging instruments	Derivative instruments		Derivative instruments		Derivative instruments		Derivative instruments
Interest rate swap agreements	$	3,872,696	$	—	$	5,139,056	$	—
		June 30, 2024				March 31, 2024
	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	$	4,989,886	$	—	$	4,145,153	$	—

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	June 30, 2024		June 30, 2023
Interest rate swaps—change in fair value	Unrealized gain/(loss) on derivatives	$	(421,627)	$	2,859,274
Interest rate swaps—realized gain	Realized gain on derivatives		1,717,249		1,847,764
Gain on derivatives, net		$	1,295,622	$	4,707,038

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

	Three months ended
	June 30, 2024		June 30, 2023
Unrealized gain on investment securities	$	312,794	$	421,253

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

	June 30, 2024				March 31, 2024
	Carrying Value		Fair Value		Carrying Value		Fair Value
Corsair Japanese Financing	$	30,333,334	$	28,710,602	$	31,145,834	$	29,624,330
Cresques Japanese Financing		25,166,835		25,549,611		25,608,991		26,180,173
Cratis Japanese Financing		40,480,000		37,066,740		41,500,000		38,302,845
Copernicus Japanese Financing		40,480,000		37,066,740		41,500,000		38,302,845
Chaparral Japanese Financing		59,264,225		56,736,562		59,896,473		57,627,652
Caravelle Japanese Financing		41,600,000		38,005,274		42,500,000		39,003,038
Cougar Japanese Financing		42,800,000		40,637,586		43,700,000		43,715,910
Captain Markos Dual-Fuel Japanese Financing		52,640,000		53,704,974		53,270,000		54,923,798
BALCAP Facility		64,342,815		60,059,393		66,330,459		62,186,682