Segment Reporting (Tables)

12 Months Ended

Mar. 31, 2025

Segment Reporting

Schedule of reportable segment information

	Year ended
(in U.S. dollars)	March 31, 2025		March 31, 2024		March 31, 2023
Total Revenues	$	353,341,476	$	560,717,436	$	389,749,215
Less:
Voyage expenses		4,252,035		2,674,179		3,611,452
Charter hire expenses		41,393,429		43,673,387		23,194,712
Vessel operating expenses		85,407,362		80,461,690		71,501,771
Other segment items (1)		109,643,818		68,666,053		63,396,131
Operating income		112,644,832		326,237,944		195,958,767
Nonoperating income/(loss) (2)		(22,474,352)		(21,383,322)		(25,916,538)
Net income	$	90,170,480	$	304,854,622	$	170,042,229

(1) Other segment items include depreciation and amortization, general and administrative expenses, and other operating income and expenses.

(2) Nonoperating income/(loss) includes interest and finance costs, interest income, gains and losses on derivatives, other gains and losses.