Revenues

9 Months Ended

Dec. 31, 2024

Revenues [Abstract]

Revenues

12. Revenues

Revenues comprise the following:

	Three months ended				Nine months ended
	December 31, 2024		December 31, 2023		December 31, 2024		December 31, 2023
Net pool revenues—related party	$	78,022,488	$	155,922,970	$	267,307,186	$	398,160,923
Time charter revenues		2,433,411		6,410,997		8,280,751		19,310,237
Other revenues, net		210,880		730,536		1,865,364		1,854,712
Total revenues	$	80,666,779	$	163,064,503	$	277,453,301	$	419,325,872

Net pool revenues—related party depend upon the net results of the Helios Pool, and the available 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.