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Condensed Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Condensed Consolidated Statements of Operations      
Revenues $ 20,358,211 $ 6,055,682 $ 36,212,051
Expenses      
Voyage expenses 4,357,560 1,822,424 7,143,558
Vessel operating expenses 5,187,845 2,175,059 8,670,968
Management fees-related party   872,356 1,125,000
Depreciation and amortization 3,034,138 1,682,697 5,501,080
General and administrative expenses 4,302,218 12,879 5,094,724
Total expenses 16,881,761 6,565,415 27,535,330
Operating income/(loss) 3,476,450 (509,733) 8,676,721
Other income/(expenses)      
Interest and finance costs (37,452) (649,863) (215,992)
Interest income 134,273 100,039 241,628
Gain/(loss) on derivatives, net 342,309 (599,148) (1,045,835)
Foreign currency gain/(loss), net (146,903) 232,944 (220,596)
Total other income/(loss), net 292,227 (916,028) (1,240,795)
Net income/(loss) $ 3,768,677 $ (1,425,761) $ 7,435,926
Earnings per common share, basic and diluted (in dollars per share) $ 0.07 $ (0.08) $ 0.13
Weighted average number of common shares outstanding, basic and diluted (in shares) 57,128,494 18,644,324 55,244,082