Vessels, Net (Predecessor) (Tables)

12 Months Ended

4 Months Ended

Mar. 31, 2015

Jul. 28, 2013

Vessels, Net

Schedule of vessels, net

	Cost		Accumulated depreciation		Net book Value
Balance, July 1, 2013	—		—		—
Vessel acquisitions through business combinations (Refer Note 4)	201,082,529		—		201,082,529
Other	307,606		—		307,606
Depreciation	—		(6,555,269	)	(6,555,269	)
Balance, March 31, 2014	201,390,135		(6,555,269	)	194,834,866
Additions	240,415,534		—		240,415,534
Impairment(1)	(2,625,000	)	1,193,182		(1,431,818	)
Depreciation	—		(13,842,529	)	(13,842,529	)
Balance, March 31, 2015	439,180,669		(19,204,616	)	419,976,053

(1) We recognized a non-cash impairment loss of $1.4 million for the year ended March 31, 2015 and no impairment losses for the period ended March 31, 2014. We prepared future undiscounted cash flows for the PGC vessel as there were indicators of impairment for this size vessel, which provided evidence that the book value was not recoverable.

Predecessor

Vessels, Net

Schedule of vessels, net

	Vessel cost	Accumulated depreciation		Net book value
Balance, April 1, 2012	252,023,353	(53,743,681	)	198,279,672
Vessel improvements	469,929	—		469,929
Depreciation	—	(11,671,879	)	(11,671,879	)
Balance, March 31, 2013	252,493,282	(65,415,560	)	187,077,722
Vessel improvements	90,492	—		90,492
Depreciation	—	(3,839,271	)	(3,839,271	)
Balance, July 28, 2013	252,583,774	(69,254,831	)	183,328,943