v3.26.1
Financial Instruments and Fair Value Disclosures (Tables)
3 Months Ended
Jun. 30, 2026
Financial Instruments and Fair Value Disclosures:  
Schedule of derivative instruments location on the statement of financial position

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2026

​

​

March 31, 2026

 

​

​

Other non-current assets

​

Long-term liabilities

​

Other non-current assets

​

Long-term liabilities

 

Derivatives not designated as hedging instruments

  ​ ​ ​

Derivative instruments

  ​ ​ ​

Derivative instruments

  ​ ​ ​

Derivative instruments

  ​ ​ ​

Derivative instruments

 

Interest rate swap agreements

​

$

3,270,389

​

$

—

​

$

2,337,425

​

$

—

​

Schedule of derivative instruments effect within the unaudited interim consolidated statement of operations

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

Derivatives not designated as hedging instruments

  ​ ​ ​

Location of gain/(loss) recognized

  ​ ​ ​

June 30, 2026

  ​ ​ ​

June 30, 2025

 

Interest rate swaps—change in fair value

 

Unrealized gain/(loss) on derivatives

 

​

932,965

​

​

(1,183,841)

​

Interest rate swaps—realized gain

 

Realized gain on derivatives

 

​

286,510

​

​

539,429

​

Gain/(loss) on derivatives, net

​

​

 

$

1,219,475

​

$

(644,412)

​

Schedule of derivative instruments summary of gains and losses on investment securities

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

​

  ​ ​ ​

June 30, 2026

  ​ ​ ​

June 30, 2025

 

Unrealized gain on investment securities

​

$

212,155

​

$

3,034

​

Net gain on investment securities

 

$

212,155

​

$

3,034

​

Schedule of carrying values and estimated fair values of fixed rate debt obligations

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2026

​

​

March 31, 2026

​

​

  ​ ​ ​

Carrying Value

  ​ ​ ​

Fair Value

​

  ​ ​ ​

Carrying Value

  ​ ​ ​

Fair Value

​

Corsair Japanese Financing

​

$

—

​

$

—

​

​

$

24,645,833

​

$

24,354,660

​

Cresques Japanese Financing

​

​

21,629,588

​

​

22,347,981

​

​

​

22,071,744

​

​

23,176,904

​

Cratis Japanese Financing

​

​

32,320,000

​

​

30,746,676

​

​

​

33,340,000

​

​

32,066,599

​

Copernicus Japanese Financing

​

​

32,320,000

​

​

30,746,676

​

​

​

33,340,000

​

​

32,066,599

​

Chaparral Japanese Financing

​

​

53,891,108

​

​

53,148,527

​

​

​

54,594,492

​

​

54,386,863

​

Caravelle Japanese Financing

​

​

34,400,000

​

​

32,605,177

​

​

​

35,300,000

​

​

33,893,259

​

Cougar Japanese Financing

​

​

35,600,000

​

​

36,504,579

​

​

​

36,500,000

​

​

37,996,095

​

Captain Markos Dual-Fuel Japanese Financing

​

​

47,600,000

​

​

49,531,888

​

​

​

48,230,000

​

​

51,115,820

​

BALCAP Facility

​

​

47,748,113

​

​

47,083,765

​

​

​

49,891,595

​

​

49,119,651

​

​