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Unaudited Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Revenues [Abstract]    
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
Expenses    
Voyage expenses 804,985 298,383
Charter hire expenses 10,645,140 10,546,810
Vessel operating expenses 20,480,279 19,842,386
Depreciation and amortization 17,170,986 16,655,317
General and administrative expenses 10,424,070 9,218,137
Total expenses 59,525,460 56,561,033
Other income - related parties 645,943 620,433
Operating income 55,473,525 55,622,307
Other income/(expenses)    
Interest and finance costs (9,518,430) (10,403,849)
Interest income 3,728,507 1,690,220
Unrealized gain/(loss) on derivatives (421,627) 2,859,274
Realized gain on derivatives 1,717,249 1,847,764
Other gain/(loss), net 308,916 105,421
Total other income/(expenses), net (4,185,385) (3,901,170)
Net income $ 51,288,140 $ 51,721,137
Weighted average shares outstanding:    
Basic 40,905,196 40,137,687
Diluted 41,115,667 40,378,835
Earnings per common share - basic $ 1.25 $ 1.29
Earnings per common share - diluted $ 1.25 $ 1.28