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Unaudited Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Revenues [Abstract]        
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
Expenses        
Voyage expenses 950,842 772,879 2,508,379 2,292,490
Charter hire expenses 10,586,115 8,359,808 31,082,323 30,975,037
Vessel operating expenses 21,439,514 19,196,097 61,459,709 60,015,602
Depreciation and amortization 17,497,383 17,380,846 52,039,031 51,082,082
General and administrative expenses 7,464,856 7,659,466 34,347,576 30,456,251
Total expenses 57,938,710 53,369,096 181,437,018 174,821,462
Other income - related parties 655,365 645,454 1,936,762 1,946,837
Operating income 23,383,434 110,340,861 97,953,045 246,451,247
Other income/(expenses)        
Interest and finance costs (8,884,499) (10,076,638) (27,841,202) (30,795,368)
Interest income 3,797,264 2,903,622 11,986,945 6,624,594
Unrealized gain/(loss) on derivatives 2,865,617 (6,070,320) (3,139,248) (1,650,452)
Realized gain on derivatives 838,906 1,916,347 4,210,274 5,692,328
Other gain/(loss), net (638,894) 959,041 (1,091,241) 1,884,366
Total other income/(expenses), net (2,021,606) (10,367,948) (15,874,472) (18,244,532)
Net income $ 21,361,828 $ 99,972,913 $ 82,078,573 $ 228,206,715
Weighted average shares outstanding:        
Basic 42,574,256 40,350,476 41,995,129 40,202,758
Diluted 42,595,323 40,507,503 42,114,087 40,371,134
Earnings per common share - basic $ 0.5 $ 2.48 $ 1.95 $ 5.68
Earnings per common share - diluted $ 0.5 $ 2.47 $ 1.95 $ 5.65