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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Mar. 31, 2025
Current assets    
Cash and cash equivalents $ 294,492,379 $ 316,877,584
Trade receivables, net and accrued revenues 1,634,228 1,356,827
Due from related parties 71,715,752 48,090,301
Inventories 2,250,656 2,508,684
Prepaid expenses and other current assets 22,193,053 13,523,008
Total current assets 392,286,068 382,356,404
Fixed assets    
Vessels, net 1,102,793,855 1,149,806,782
Vessel under construction 64,805,270 37,274,863
Total fixed assets 1,167,599,125 1,187,081,645
Other non-current assets    
Deferred charges, net 25,098,842 17,237,662
Derivative instruments 1,761,090 3,497,493
Due from related parties-non-current 27,500,000 26,400,000
Restricted cash - non-current 81,418 76,028
Operating lease right-of-use assets 160,430,695 159,212,010
Other non-current assets 2,982,095 2,799,038
Total assets 1,777,739,333 1,778,660,280
Current liabilities    
Trade accounts payable 6,690,725 11,549,950
Accrued expenses 8,933,011 5,387,465
Due to related parties 240,732 39,339
Deferred income 501,203 679,257
Current portion of long-term operating lease liabilities 47,812,434 34,808,203
Current portion of long-term debt 97,746,233 54,504,778
Dividends payable 537,458 915,150
Total current liabilities 162,461,796 107,884,142
Long-term liabilities    
Long-term debt-net of current portion and deferred financing fees 415,437,178 498,773,969
Long-term operating lease liabilities 112,630,566 124,419,545
Other long-term liabilities 1,580,355 1,476,439
Total long-term liabilities 529,648,099 624,669,953
Total liabilities 692,109,895 732,554,095
Commitments and contingencies
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, 54,609,290 and 54,324,437 shares issued, 42,744,103 and 42,747,720 shares outstanding (net of treasury stock), as of December 31, 2025 and March 31, 2025, respectively 546,093 543,244
Additional paid-in-capital 876,275,164 867,524,073
Treasury stock, at cost; 11,865,187 and 11,576,717 shares as of December 31, 2025 and March 31, 2025, respectively (140,116,177) (133,103,957)
Retained earnings 348,924,358 311,142,825
Total shareholders' equity 1,085,629,438 1,046,106,185
Total liabilities and shareholders' equity $ 1,777,739,333 $ 1,778,660,280