Segment Reporting (Tables)

3 Months Ended

Jun. 30, 2025

Segment Reporting

Schedule of reportable segment information

	Three months ended
(in U.S. dollars)	June 30, 2025		June 30, 2024
Total Revenues	$	84,211,966	$	114,353,042
Less:
Voyage expenses		1,342,756		804,985
Charter hire expenses		10,721,911		10,645,140
Vessel operating expenses		21,911,606		20,480,279
Other segment items (1)		34,643,884		26,949,113
Operating income		15,591,809		55,473,525
Nonoperating loss(2)		(5,509,708)		(4,185,385)
Net income	$	10,082,101	$	51,288,140

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

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