Financial Instruments and Fair Value Disclosures (Tables)

3 Months Ended

Jun. 30, 2025

Financial Instruments and Fair Value Disclosures:

Schedule of derivative instruments location on the statement of financial position

		June 30, 2025				March 31, 2025
	Other non-current assets		Long-term liabilities		Other non-current assets		Long-term liabilities
Derivatives not designated as hedging instruments	Derivative instruments		Derivative instruments		Derivative instruments		Derivative instruments
Interest rate swap agreements	$	2,313,652	$	—	$	3,497,493	$	—

		Three months ended
Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	June 30, 2025		June 30, 2024
Interest rate swaps—change in fair value	Unrealized loss on derivatives	$	(1,183,841)	$	(421,627)
Interest rate swaps—realized gain	Realized gain on derivatives		539,429		1,717,249
(Loss)/Gain on derivatives, net		$	(644,412)	$	1,295,622

Schedule of derivative instruments summary of gains and losses on investment securities

	Three months ended
	June 30, 2025		June 30, 2024
Unrealized gain on investment securities	$	3,034	$	312,794
Net gain on investment securities	$	3,034	$	312,794

Schedule of carrying values and estimated fair values of fixed rate debt obligations

	June 30, 2025				March 31, 2025
	Carrying Value		Fair Value		Carrying Value		Fair Value
Corsair Japanese Financing	$	27,083,334	$	26,851,269	$	27,895,834	$	27,449,194
Cresques Japanese Financing		23,398,212		24,819,199		23,840,367		25,079,649
Cratis Japanese Financing		36,400,000		35,042,557		37,420,000		35,683,595
Copernicus Japanese Financing		36,400,000		35,042,557		37,420,000		35,683,595
Chaparral Japanese Financing		56,649,260		56,714,617		57,316,129		56,960,711
Caravelle Japanese Financing		38,000,000		36,558,882		39,200,000		37,313,039
Cougar Japanese Financing		39,200,000		40,695,894		40,100,000		41,274,707
Captain Markos Dual-Fuel Japanese Financing		50,120,000		53,685,210		50,960,000		54,060,280
BALCAP Facility		56,202,020		54,751,437		58,266,112		56,498,815