Revenues (Predecessor)

12 Months Ended

4 Months Ended

Mar. 31, 2015

Jul. 28, 2013

Revenues

Revenues

14. Revenues

Revenues comprise the following:

	Year ended March 31, 2015		July 1, 2013 (inception) to March 31, 2014
Voyage charter revenues	$	77,331,934	$	11,210,785
Time charter revenues	26,098,290		17,602,137
Other revenues	698,925		820,778
Total	$	104,129,149	$	29,633,700

Time charter revenue included a profit-sharing element of the time charter agreements of $7.8 million and $6.1 million for the year ended March 31, 2015 and the period ended March 31, 2014, respectively. Other revenue represents income from charterers relating to reimbursement of expenses such as costs for security guards and war risk insurance.

Predecessor

Revenues

Revenues

7.Revenues

Revenues comprise the following:

	April 1, 2013 to July 28, 2013	Year ended March 31, 2013
Time charter revenue	8,850,543	24,143,606
Voyage charter revenue	6,236,525	13,581,561
Other income	296,048	936,679
Total	15,383,116	38,661,846

Included in time charter revenue is the profit-sharing element of the time charter agreements of $2,702,635 for the period April 1, 2013 to July 28, 2013 and $5,193,454 for the year ended March 31, 2013. Other income represents demurrage income and income from charterers relating to expenses such as security guards and additional war risk insurance recovered from the charterers.