v3.26.1
Segment Reporting (Tables)
3 Months Ended
Jun. 30, 2026
Segment Reporting:  
Schedule of reportable segment information

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

​

(in U.S. dollars)

​

June 30, 2026

​

June 30, 2025

​

​

Total Revenues

​

$

187,884,848

​

$

84,211,966

​

​

Gain on disposal of vessel

​

​

30,116,869

​

​

—

​

​

​

​

​

​

​

​

​

​

​

Less:

​

​

​

​

​

​

​

​

Voyage expenses

​

​

422,621

​

​

1,342,756

​

​

Charter hire expenses

​

​

22,614,002

​

​

10,721,911

​

​

Profit sharing expenses

​

​

1,676,988

​

​

—

​

​

Vessel operating expenses

​

​

20,143,217

​

​

21,911,606

​

​

Other segment items (1)

​

​

30,480,036

​

​

34,643,884

​

​

Operating income

​

​

142,664,853

​

​

15,591,809

​

​

Nonoperating loss(2)

​

​

(4,379,831)

​

​

(5,509,708)

​

​

Net income

​

$

138,285,022

​

$

10,082,101

​

​

​

(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.