v3.26.1
Leases (Tables)
3 Months Ended
Jun. 30, 2026
Leases  
Schedule of operating lease right-of-use assets and liabilities

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Description

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Location on Balance Sheet

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June 30, 2026

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March 31, 2026

Assets:

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Non-current

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Office leases

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Operating lease right-of-use assets

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$

2,110,157

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$

385,102

Time charter-in VLGCs

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Operating lease right-of-use assets

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$

136,575,107

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$

148,327,426

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Liabilities:

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Current

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Office Leases

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Current portion of long-term operating leases

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$

333,157

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$

380,572

Time charter-in VLGCs

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Current portion of long-term operating leases

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$

44,243,435

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$

46,281,185

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Long-term

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Office Leases

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Long-term operating leases

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$

1,785,805

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$

15,543

Time charter-in VLGCs

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Long-term operating leases

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$

92,331,672

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$

102,046,241

Schedule of maturities of operating lease liabilities

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Less than one year

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$

51,093,720

One to three years

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75,334,338

Three to five years

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26,192,639

More than five years

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Total undiscounted lease payments

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152,620,697

Less: imputed interest

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(13,926,628)

Carrying value of operating lease liabilities

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$

138,694,069

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Time charter-in contracts  
Leases  
Schedule of lease expense

Charter hire expenses for the VLGCs time chartered in were as follows:

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Three months ended

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June 30, 2026

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June 30, 2025

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Charter hire expenses

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$

22,614,002

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$

10,721,911

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Office Leases  
Leases  
Schedule of lease expense

Operating lease rent expense related to our office leases was as follows:

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Three months ended

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June 30, 2026

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June 30, 2025

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Operating lease rent expense

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$

207,010

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$

126,942

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