Long-term Debt (Tables)

3 Months Ended

Jun. 30, 2023

Long-term Debt:

Schedule of loans outstanding

	June 30, 2023		March 31, 2023
2022 Debt Facility	$	220,000,000	$	225,000,000
Japanese Financings
Corsair Japanese Financing	$	33,583,334	$	34,395,834
Cresques Japanese Financing		26,935,458		27,377,615
Cratis Japanese Financing		44,560,000		45,580,000
Copernicus Japanese Financing		44,560,000		45,580,000
Chaparral Japanese Financing		61,743,435		62,342,859
Caravelle Japanese Financing		45,200,000		46,100,000
Cougar Japanese Financing		46,400,000		47,300,000
Captain Markos Dual-Fuel Japanese Financing		55,160,000		55,790,000
Total Japanese Financings	$	358,142,227	$	364,466,308
BALCAP Facility	$	72,182,098	$	74,096,125
Total debt obligations	$	650,324,325	$	663,562,433
Less: deferred financing fees		5,880,533		6,195,087
Debt obligations—net of deferred financing fees	$	644,443,792	$	657,367,346
Presented as follows:
Current portion of long-term debt	$	53,217,116	$	53,110,676
Long-term debt—net of current portion and deferred financing fees		591,226,676		604,256,670
Total	$	644,443,792	$	657,367,346

Schedule of deferred financing fees

	Financing
	costs
Balance, April 1, 2023	$	6,195,087
Amortization		(314,554)
Balance, June 30, 2023	$	5,880,533