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Leases (Tables)
12 Months Ended
Mar. 31, 2025
Leases:  
Schedule of charter hire expenses for time chartered-in VLGCs

Year ended

March 31, 2025

March 31, 2024

March 31, 2023

Charter hire expenses

$

41,393,429

 

$

43,673,387

 

23,194,712

Schedule of operating lease rent expense

Year ended

March 31, 2025

March 31, 2024

March 31, 2023

Operating lease rent expense

$

554,939

$

558,957

$

569,804

Schedule of operating lease right-of-use assets and liabilities

Description

Location on Balance Sheet

March 31, 2025

March 31, 2024

Assets:

Non-current

Office leases

Operating lease right-of-use assets

$

749,451

$

1,194,974

Time charter-in VLGCs

Operating lease right-of-use assets

$

158,462,559

$

190,505,364

Liabilities:

Current

Office Leases

Current portion of long-term operating leases

$

380,127

$

448,317

Time charter-in VLGCs

Current portion of long-term operating leases

$

34,428,076

$

32,042,805

Long-term

Office Leases

Long-term operating leases

$

385,062

$

763,767

Time charter-in VLGCs

Long-term operating leases

$

124,034,483

$

158,462,559

Schedule of maturities of operating lease liabilities

Less than one year

$

42,970,570

One to three years

73,406,739

Three to five years

62,263,139

More than five years

2,941,250

Total undiscounted lease payments

181,581,698

Less: imputed interest

(22,353,951)

Carrying value of operating lease liabilities

$

159,227,747