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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Revenues.        
Revenues $ 88,479,024 $ 85,437,806 $ 216,354,625 $ 238,228,227
Expenses        
Voyage expenses 752,404 1,178,702 2,426,518 2,372,839
Charter hire expenses 4,392,132 2,071,206 13,626,580 6,181,206
Vessel operating expenses 19,202,291 19,131,124 58,027,558 52,644,762
Depreciation and amortization 17,253,447 16,710,403 51,346,574 49,450,242
General and administrative expenses 5,548,526 5,037,783 22,764,312 17,669,024
Total expenses 47,148,800 44,129,218 148,191,542 128,318,073
Other income-related parties 545,311 450,169 1,646,014 1,387,536
Operating income 41,875,535 41,758,757 69,809,097 111,297,690
Other income/(expenses)        
Interest and finance costs (6,087,193) (8,778,905) (21,839,573) (27,779,560)
Interest income 53,197 394,876 269,381 1,101,831
Unrealized gain/(loss) on derivatives 479,534 1,446,395 3,952,414 (5,291,504)
Realized gain/(loss) on derivatives (760,991) 449,276 (3,696,915) 2,191,417
Other gain/(loss), net 265,182 358,513 36,815 895,993
Total other income/(expenses), net (6,050,271) (6,129,845) (21,277,878) (28,881,823)
Net income $ 35,825,264 $ 35,628,912 $ 48,531,219 $ 82,415,867
Weighted average shares outstanding Basic (in shares) 50,255,908 53,944,991 50,511,473 54,380,855
Weighted average shares outstanding Diluted (in shares) 50,368,392 54,176,748 50,605,985 54,615,843
Earnings per common share - basic (in dollars per share) $ 0.71 $ 0.66 $ 0.96 $ 1.52
Earnings per common share - diluted (in dollars per share) $ 0.71 $ 0.66 $ 0.96 $ 1.51
Net pool revenues - related party        
Revenues.        
Revenues $ 82,659,967 $ 77,470,478 $ 199,312,944 $ 208,507,192
Time charter revenues        
Revenues.        
Revenues 4,665,664 7,859,035 13,928,732 29,112,464
Other revenues, net        
Revenues.        
Revenues $ 1,153,393 $ 108,293 $ 3,112,949 $ 608,571