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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Mar. 31, 2025
Current assets    
Cash and cash equivalents $ 277,921,450 $ 316,877,584
Trade receivables, net and accrued revenues 1,550,709 1,356,827
Due from related parties 74,762,042 48,090,301
Inventories 2,410,458 2,508,684
Prepaid expenses and other current assets 15,015,159 13,523,008
Total current assets 371,659,818 382,356,404
Fixed assets    
Vessels, net 1,134,400,127 1,149,806,782
Vessel under construction 39,274,822 37,274,863
Total fixed assets 1,173,674,949 1,187,081,645
Other non-current assets    
Deferred charges, net 21,392,990 17,237,662
Derivative instruments 2,313,652 3,497,493
Due from related parties-non-current 26,400,000 26,400,000
Restricted cash - non-current 81,464 76,028
Operating lease right-of-use assets 150,754,249 159,212,010
Other non-current assets 2,806,183 2,799,038
Total assets 1,749,083,305 1,778,660,280
Current liabilities    
Trade accounts payable 14,070,845 11,549,950
Accrued expenses 6,340,991 5,387,465
Due to related parties 277,543 39,339
Deferred income 620,097 679,257
Current portion of long-term operating lease liabilities 35,397,877 34,808,203
Current portion of long-term debt 54,110,683 54,504,778
Dividends payable 1,027,746 915,150
Total current liabilities 111,845,782 107,884,142
Long-term liabilities    
Long-term debt-net of current portion and deferred financing fees 485,497,697 498,773,969
Long-term operating lease liabilities 115,371,259 124,419,545
Other long-term liabilities 1,569,042 1,476,439
Total long-term liabilities 602,437,998 624,669,953
Total liabilities 714,283,780 732,554,095
Shareholders' equity    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued nor outstanding
Common stock, $0.01 par value, 450,000,000 shares authorized, 54,324,437 and 54,324,437 shares issued, 42,647,720 and 42,747,720 shares outstanding (net of treasury stock), as of June 30, 2025 and March 31, 2025, respectively 543,244 543,244
Additional paid-in-capital 869,281,952 867,524,073
Treasury stock, at cost; 11,676,717 and 11,576,717 shares as of June 30, 2025 and March 31, 2025, respectively (134,926,737) (133,103,957)
Retained earnings 299,901,066 311,142,825
Total shareholders' equity 1,034,799,525 1,046,106,185
Total liabilities and shareholders' equity $ 1,749,083,305 $ 1,778,660,280