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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Mar. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 312 $ 77
Accounts receivable, net 15,939 2,697
Income taxes receivable 38 47
Prepaid expenses and other current assets 5,894 6,320
Total current assets 22,183 9,141
PROPERTY AND EQUIPMENT, NET 211,270 228,504
OTHER ASSETS 52 102
DEFERRED DRYDOCK COSTS, NET 5,774 6,660
INTANGIBLE ASSETS, NET 5,046 5,904
GOODWILL 10,193 10,193
Total assets 254,518 260,504
CURRENT    
Accounts payable 7,535 17,822
Accrued liabilities 11,253 8,144
Other current liability 99 776
Income taxes payable 14 34
Current portion of deferred payment liability 135 564
Total current liabilities 19,036 27,340
LONG-TERM DEBT 114,138 112,426
Subordinated Long-term Debt, Noncurrent 77,907 75,317
DEFERRED INCOME TAXES 5,464 5,825
Total liabilities 216,545 220,908
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Preferred stock, $.0001 par value, Authorized 1,000,000 shares, Issued and outstanding 295,480 shares at December 31, 2016 and at March 31, 2016 (Note 17) 14,674 14,674
Common stock, $.0001 par value, Authorized 50,000,000 shares, Issued and outstanding 18,624,431 shares at December 31, 2016 and 18,359,397 shares at March 31, 2016 (Note 17) 1 1
Additional paid-in capital 91,321 90,993
Accumulated deficit (57,519) (56,537)
Accumulated other comprehensive loss (10,504) (9,535)
Total stockholders’ equity 37,973 39,596
Total liabilities and stockholders’ equity $ 254,518 $ 260,504