GOING CONCERN (Notes)	6 Months Ended
Sep. 30, 2017
GOING CONCERN [Abstract]
Going Concern	GOING CONCERN The accompanying unaudited interim consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") and contemplate continuation of the Company as a going concern. As discussed under Notes 14 and 15, as of July 14, 2017, the waivers previously obtained from the respective lenders under the Company's First Lien Credit Agreement (as defined in Note 14) and Second Lien Credit Agreement (as defined in Note 15) expired, resulting in the reinstatement of the previously waived events of default under such credit facilities. To date, the Company has not been successful in obtaining further waivers from the lenders under its credit facilities or in refinancing its debt facilities, but continues to pursue a resolution with its lenders. The Company, in the interim, has been permitted to borrow funds at the discretion of the lenders under the First Lien Credit Agreement (the "First Lien Lenders"), however, there can be no assurance as to whether, or how long, the First Lien Lenders will continue to permit such discretionary borrowings by the Company. In this regard, the First Lien Lenders have reserved their rights relative to the pending defaults, have instituted a $15,000 availability reserve on the Company's borrowing ability, and have exercised their rights to control and apply company receipts against the outstanding indebtedness under the First Lien Credit Agreement. Further, the Company incurred a net loss of $19,871 during the year ended March 31, 2017, and as of that date, the Company’s current liabilities exceeded its current assets by $214,282 (after the reclassification of debt from long-term to current in the amount of $200,279). The balances outstanding under our credit facilities have been classified as short-term obligations within the Company’s Consolidated Balance Sheet since March 31, 2017 due to the Company’s expectation of not being able to satisfy certain financial covenants under such credit facilities during the ensuing twelve-month period. Together, these factors raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount and classification of liabilities, other than as previously discussed, or any other adjustment that might be necessary should the Company be unable to continue as a going concern. Assuming the First Lien Lenders continue to permit the Company to borrow funds during the pendency of the existing events of default, and that no additional availability reserves or other borrowing limitations are imposed, Company management believes that funds available to the Company for borrowing under the First Lien Credit Agreement will be sufficient for the Company to continue to operate its business in the ordinary course and to pay its ordinary and current expenses; provided, however, the Company may not have adequate funds available under the First Lien Credit Agreement to fund certain capital expenditure and dry-docking projects. 2. GOING CONCERN (continued) A significant factor in mitigating the substantial doubt about the Company's ability to continue as a going concern is the Company's ability to restructure or refinance its indebtedness, or to complete a recapitalization transaction with the lender under the Second Lien Credit Agreement (the “Second Lien Lender”). The Company's discussions with the Second Lien Lender with respect to a potential recapitalization transaction have continued, but the terms of a potential recapitalization transaction have not been agreed upon by the parties. The Company, with the assistance of its financial advisor, has also continued to evaluate other potential transactions that may be available to the Company that could potentially resolve the credit facility defaults. Notwithstanding the Company's efforts, there can be no assurance as to whether the Company will be able to reach an agreement with respect to a recapitalization or other transaction in a timely manner or at all, or as to whether the terms of any such transaction, if achieved, would provide any value to holders of the Company’s common and preferred stock. Moreover, the inability of the Company to complete a satisfactory recapitalization, refinancing or other transaction in a timely manner could result in the Company's need to voluntarily seek protection under applicable bankruptcy laws, which in turn could also result in a significant or complete loss of value to the holders of the Company's common and preferred stock. In addition, the terms of any recapitalization or other transaction agreed to by the Company may require that the transaction be implemented through a bankruptcy process.

GOING CONCERN

The accompanying unaudited interim consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") and contemplate continuation of the Company as a going concern. As discussed under Notes 14 and 15, as of July 14, 2017, the waivers previously obtained from the respective lenders under the Company's First Lien Credit Agreement (as defined in Note 14) and Second Lien Credit Agreement (as defined in Note 15) expired, resulting in the reinstatement of the previously waived events of default under such credit facilities. To date, the Company has not been successful in obtaining further waivers from the lenders under its credit facilities or in refinancing its debt facilities, but continues to pursue a resolution with its lenders. The Company, in the interim, has been permitted to borrow funds at the discretion of the lenders under the First Lien Credit Agreement (the "First Lien Lenders"), however, there can be no assurance as to whether, or how long, the First Lien Lenders will continue to permit such discretionary borrowings by the Company. In this regard, the First Lien Lenders have reserved their rights relative to the pending defaults, have instituted a $15,000 availability reserve on the Company's borrowing ability, and have exercised their rights to control and apply company receipts against the outstanding indebtedness under the First Lien Credit Agreement.

Further, the Company incurred a net loss of $19,871 during the year ended March 31, 2017, and as of that date, the Company’s current liabilities exceeded its current assets by $214,282 (after the reclassification of debt from long-term to current in the amount of $200,279). The balances outstanding under our credit facilities have been classified as short-term obligations within the Company’s Consolidated Balance Sheet since March 31, 2017 due to the Company’s expectation of not being able to satisfy certain financial covenants under such credit facilities during the ensuing twelve-month period. Together, these factors raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount and classification of liabilities, other than as previously discussed, or any other adjustment that might be necessary should the Company be unable to continue as a going concern. Assuming the First Lien Lenders continue to permit the Company to borrow funds during the pendency of the existing events of default, and that no additional availability reserves or other borrowing limitations are imposed, Company management believes that funds available to the Company for borrowing under the First Lien Credit Agreement will be sufficient for the Company to continue to operate its business in the ordinary course and to pay its ordinary and current expenses; provided, however, the Company may not have adequate funds available under the First Lien Credit Agreement to fund certain capital expenditure and dry-docking projects.

2. GOING CONCERN (continued)

A significant factor in mitigating the substantial doubt about the Company's ability to continue as a going concern is the Company's ability to restructure or refinance its indebtedness, or to complete a recapitalization transaction with the lender under the Second Lien Credit Agreement (the “Second Lien Lender”). The Company's discussions with the Second Lien Lender with respect to a potential recapitalization transaction have continued, but the terms of a potential recapitalization transaction have not been agreed upon by the parties. The Company, with the assistance of its financial advisor, has also continued to evaluate other potential transactions that may be available to the Company that could potentially resolve the credit facility defaults. Notwithstanding the Company's efforts, there can be no assurance as to whether the Company will be able to reach an agreement with respect to a recapitalization or other transaction in a timely manner or at all, or as to whether the terms of any such transaction, if achieved, would provide any value to holders of the Company’s common and preferred stock. Moreover, the inability of the Company to complete a satisfactory recapitalization, refinancing or other transaction in a timely manner could result in the Company's need to voluntarily seek protection under applicable bankruptcy laws, which in turn could also result in a significant or complete loss of value to the holders of the Company's common and preferred stock. In addition, the terms of any recapitalization or other transaction agreed to by the Company may require that the transaction be implemented through a bankruptcy process.